Our team

We are an independent research boutique covering Ukraine, Belarus and Moldova. Our main coverage is companies operating in the above region quoted on the Western European exchanges: London, Frankfurt and Vienna and in Warsaw
Our Team

Yevhenia Akhtyrko

Yevhenia Akhtyrko covered macroeconomics for Galt & Taggart Securities before setting up Gainsfort Research. Prior to that Yevhenia worked for 8 years as a chief economist for ICPS, a leading Ukrainian policy think tank where she covered macroeconomic and various policy research.


Our Team

Alex Nekrasa

Alex Nekrasa was ranked by 2008 Thompson Extel Survey as Top 3 analyst in capital goods in Ukraine. Prior setting up Gainsfort research Alex worked as an equity analyst with Galt & Taggart Securities and Millennium Capital covering engineering and real estate sectors. Prior to becoming an equity analyst he worked for the secretariat of the President of Ukraine. Alex graduated from Northwestern State University of Louisiana with BS in Business Administration and MA in English.

Our Team

Olga Ivanchuk

Olga Ivanchuk passed all three levels of her CFA exams last year and expects to be admitted to the charter next year. Prior joining Gainsfort research Olga has been working as an equity analyst for Galt & Taggart Securities covering the key for Ukraine metallurgical sector. Ms. Ivanchuk graduated from Kiev Polytechnic Institute with Diploma in compute science.

Latest Reports

Ukrainian power generators: Stabilisation law restituted; positive CEEN, DNEN, DOEN, ZAEN | | 2011-01-31 President Yanukovych eventually signed the prolongation of the energy sector stabilisation law...
Ukrainian power generators: Bankruptcy protection vetoed; negative in the long-term CEEN, DNEN, DOEN, ZAEN | | 2011-01-18 President Yanukovych vetoed the extension of GenCos’ bankruptcy protection. This should be...
Ukrainian power generators: Revenues will soar, profits will not | Target: CEEN -- USD 3.40, DNEN -- USD 130, DOEN -- USD 18, ZAEN -- USD 62 | | 2011-01-17 GenCos’ 2011 revenues will strengthen by 30% due to cost-plus pricing and reaccelerating fuel...
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