Recursive msgfmt in src/locale/ subdirs with automatic translation_domain naming

[Interruptor]

So I'm making test i18n project on pygtk.Builder and was really surprised that process of converting .po files to .mo is completely manual.
I think msgfmt has to have -r option for recursive and something like --textdomain for automatic .mo renaming.
Maybe I just can't find the right package or script?
Are there any instruments for automatic .mo creation? locale/ directory structure is:

./uk/LC_MESSAGES/codin.po
./C/LC_MESSAGES/codin.pot
./ru/LC_MESSAGES/codin.po
./en/LC_MESSAGES/codin.po

Writing a script with find -type f myself...

[Interruptor]

code to run in directory, named as project:
Attention! See improved version in next reply.

textdomain=`basename "$(pwd)"`
localedir=`pwd`"/locale/"

for file in `find $localedir -type f -name "*.po"`; do 
	cd $localedir
	echo "cd " "$( readlink -f "$( dirname "$file" )" )" && \
	cd "$( readlink -f "$( dirname "$file" )" )"

	echo "msgfmt -o $textdomain.mo `basename $file`" && \
	msgfmt -o $textdomain.mo `basename $file`
	#TODO: for existing .mo - revise only older than .po
done

[Interruptor]

Improved version for fully-automatic updating:

textdomain=`basename "$(pwd)"`
localedir=`pwd`"/locale/"
poeditor="virtaal"

#mv $localedir"C/LC_MESSAGES/"$textdomain".pot $localedir"C/LC_MESSAGES/"$textdomain"`date '+%y%m%d_%H%M'`.pot
xgettext --sort-output --keyword=translatable -o $localedir"C/LC_MESSAGES/"$textdomain".pot" $textdomain.glade

for file in `find $localedir -type f -name "*.po"`; do 
	cd $localedir
	echo "cd " "$( readlink -f "$( dirname "$file" )" )" && \
	cd "$( readlink -f "$( dirname "$file" )" )"
	echo "msgmerge -U "$localedir"C/LC_MESSAGES/"$textdomain".pot" && \
	msgmerge -U $textdomain".po" $localedir"C/LC_MESSAGES/"$textdomain".pot"
	echo $poeditor $textdomain".po" && \
	$poeditor $textdomain".po"

	echo "msgfmt -o $textdomain.mo `basename $file`" && \
	msgfmt -o $textdomain.mo `basename $file`
	#TODO: for existing .mo - revise only older than .po
done

[worksofcraft]

I think there is a whole system in place using autotools but I haven't progressed into learning that yet.