Wednesday, August 31, 2011

Akhmetov's company has acquired nearly 25% of the shares Ukrvuglepostacha

Rinat Akhmetov, Ukrainian Mashine Building Holding priobrela24.9% stake in OAO Ukrvuglepostach "or 7 million 236.055 thousand pieces, reports RBC-Ukraine with reference to the Agency to develop the infrastructure of the stock market of Ukraine. OAO Ukrvuglepostach "engaged in mining equipment, cables and wires, metal products. Initiated the creation of the company in April 2010 Ministry of Coal Industry of Ukraine for the purchase of equipment for state-owned mines. Earlier, Ukrainian Machine Building Holding Limited has become the owner of 50% stake in OAO Sverdlovsk Machine Works, 86.08% of "Donetsk energozavod. He also serves on the Supervisory Board of OAO Druzhkivka Machine Works. 100% of authorized capital of Ukrainian Machine Building Holding Limited is part of the "Group SCM. SCM (owned by businessman Rinat Akhmetov) owns and controls assets in mining, energy, telecommunications, banking, insurance, media as well as in retail and real estate. The group includes Metinvest, DTEK, Optima Telecom, Segodnya Multimedia, TRK Ukraina, etc. Rinat Akhmetov is a place in the ranking of the 200 richest people of Ukraine.

One of the banks' capital owed to the Fund guarantee deposits of natural persons 47,000,000 vЂ <vЂ <UAH - the prosecutor's office in Kiev

One of the banks complied with the requirements of Kiev Prosecutor's Office and transferred to the Deposit Guarantee Fund of individuals more than 5 million USD, reported the press office of the prosecutor's office in Kiev. Furthermore, Mar. 21, 2011 g.prokuraturoy made an order in other bank-breaker, which is owed to the Fund more than 47 million USD. Checks in this area are continuing. As noted in the message, prosecutor of Kiev is constantly checking banking institutions of the capital for completeness and timeliness of payment of obligatory payments to the Deposit Guarantee Fund of individuals. Source: RBC-Ukraine

National Bank has called for a loan

Advisor Chairman of the Board National Credit Bank, Yuri Derevko, a key reason for cautious recovery crediting considers the psychological barrier, arising from the bankers during the crisis. He still has not overcome all, and not until the end. Today, banks are willing to lend only to large borrowers who successfully overcame the crisis and demonstrated during this period a good payment discipline. "Unfortunately, such companies in Ukraine is very limited, and for them right now between the banks is a serious struggle, and, primarily among the largest" - said the banker. Meanwhile, the liquidity of the banking system is very high, and only above the psychological barrier prevents many banks are actively lending to the economy. Many of them prefer to invest in such risk-free operations such as government bonds, yielding a small but steady income. "Today we can say that the cost of resources in large Ukrainian banks approached pre-crisis. At the same time the corporate sector has access to cheaper loans, which are sometimes significantly cheaper than 15% annually in local currency," - says the financier. But while talking about the systemic activation of lending prematurely. According to the chairman of the First Ukrainian International Bank of Constantine Weissman, the main factors inhibiting the resumption of full credit - it's the imperfection of the banking legislation in terms of unequal conditions for lenders and consumers of financial services, the prohibition of foreign currency lending, as well as lack of transparency in the judicial system.

The investigation of abuses in Rodovid bank

Complete the investigation of criminal cases against the former leadership Rodovid bank. The investigation was conducted Main Investigation Department of the SBU case was initiated against a temporary administrator AO Rodovid Bank and director of a company. Established that during 2008-2009, these officials forged documents to lease property seized funds worth over 42 million USD. As the press service of the Prosecutor General, the interim administrator of the bank's alleged that in December 2009, exceeding its powers, ordered the transfer 301.6 million UAH on account of one of the lawyers' associations. Such abuse of authority has caused material damage to the bank. Now the temporary administrator has been detained, the head of the company - to release on recognizance. Both defendants began to study the case. The personal assets of the accused arrested.

Tomorrow, investors Rodovid bank will give money

The first disbursement of funds to depositors Rodovid bank will begin April 22. Yesterday Rodovid transferred to the State Register of Oschadbank deposits worth about 3.8 bln in Oshchadbank create a contact center for investors RODOVID. Today handled more than 50 thousand telephone inquiries about the procedure for the payment of contributions. The website of the bank appeared a separate page with information about the place of payment of contributions. It has already visited about 20 thousand people, the press service of the government. In 2009 the bank moved Rodovid investors liquidated Ukrprombank. Contributions Rodovid began to give out, but the entire amount of deposits with accrued interest to pay but could not. Since March 31, payments to individuals - clients Rodovid bank on bank deposits and current accounts were terminated. Deposits RODOVID transferred to Oschadbank.

Oschadbank in 2010 attracted about 4,5 billion UAH. funds of the population

As the deputy chairman of the board Oschadbanka Anton Tyutyunov, throughout 2010 the Bank has attracted about 4.5 billion UAH. funds of the population. At the end of the year the total amount of such funds in the bank was over 19 bln. Benefits of conservation and enhancement of public funds in Oshchadbank obvious, says Anton Tyutyunov. "First of all, entrusting their money to our bank, the customer receives 100% state guarantee for their conservation. Secondly, Oschadbank recently improved its deposit products, introducing new deposit program for individuals. Deposits new deposit line, which consists of 6 deposits, focused on people with different levels of affluence and a different management capabilities savings. Terms and conditions of all deposits are flexible, transparent and accessible "- said the banker. To get acquainted with the terms of the contributions may be on the official website of the bank's website.

AUB supports the main provisions of the Message of the President of Ukraine

April 19, 2011 at the National Institute of Strategic Studies under the President of Ukraine held a round table on the theme: "The Ukrainian economy: the modernization strategy for the post-crisis period." During the round table "discussion of the Message of the President of Ukraine Parliament, delivered on April 7 in 2011. in terms of the basic principles of socio-economic policy and the modernization of the national economy after the crisis period, the situation in economic and strategic priorities of socio-economic policies. The round table was attended by representatives of public authorities, scientific and expert institutions, politicians and public figures. During the "round table" AUB President Alexander Sugonyako noted that the Association of Ukrainian banks as a whole supports the position of the Message of the President of Ukraine as a strategic tool for correcting errors in the regulation of the banking sector, made before the crisis. Sugonyako stressed that in the President reflected the main proposals for the resumption of the post-crisis period, the banking system on the Ukrainian economy, outlined in a research note AUB, which was developed and sent to the President of Ukraine in the autumn of 2010. In particular, the need dedolarizatsii Ukrainian economy and reduce foreign exchange risks for Ukrainian borrowers, the internal market of long-term investment of resources, including through the citizens' savings, the optimization of the banks with foreign capital in order to fulfill their basic function of the banking system - crediting Ukrainian economy and stop inflation and to minimize interest rate, the formation of market infrastructure problem assets and the like.

The collapse of Lehman Brothers was for Japan to devastating earthquakes

The destruction caused by an earthquake on March 11 in Japan are not comparable with the damage from the bankruptcy of Lehman Brothers. Reported by the Organization for Economic Cooperation and Development (OECD) in its report of April 21. Damage to Japan by an earthquake, estimated to date amounts to 302 billion dollars. The disaster caused a decline in production in Japan at 2.5 percent. OECD suggests that Japan's GDP growth in 2011 will amount to only 0.8 per cent, but in 2012 will increase to 2.3 per cent due to government support. AFP notes that the OECD revised its estimate for 2012 by 1 percentage point to 1.3 percent. The earthquake occurred in the recovery period the Japanese economy after the financial crisis of 2008. High government spending to rebuild the affected areas of the country, destruction of infrastructure, the danger of nuclear contamination, power failure and failure of production in the automotive industry have a negative impact on the economy. Nevertheless, the report says the OECD, the decline in production at 2.5 per cent can not be compared with the 20 percent drop in the collapse of the bank Lehman Brothers. The financial crisis has caused a decline in GDP at 1.2 percent in 2008 and 6,3 percent in 2009. During these years domestic consumption has decreased respectively by 1,4 and 4,8 per cent. Lehman Brothers declared itself bankrupt on Sept. 15, 2008. At that time the bank was the fourth-largest investment bank U.S. and manages assets of more than $ 600 billion.

AUB against imposing on banks to identify unusual functions of public encumbrances of client assets

The Association of Ukrainian Banks appealed to the National Bank of Ukraine to the proposal to initiate amendments to the Law of Ukraine "On Payment Systems and Funds Transfer in Ukraine" (hereinafter - the Law on payment systems), which contains requirements regarding the implementation of the banks non-core functions. In particular, bankers' concern to the legislator attempts to shift the function of organs of state power and responsibility for their implementation at the banks, which are independent economic entities. Under the provisions of paragraph 6.4 of Article 6 of the Act on payment systems at the opening of client accounts with respect to movable property which there is a public burden imposed public performer, a bank must stop the debit transactions with this account in the amount of charge and tell the public the performer to open an account. As noted in the AUB, the implementation of actions aimed at revealing publicly encumbrances of client assets and measures aimed at restricting the spending of customers' transactions, is not banking. According to the President of AUB Alexander Sugonyako corresponding functions that are committed to comply with statutory decisions should not rest with the banks, and the bodies of State executive service, that are specifically designed to perform this function. In addition, AUB note that the commission of the banks actions concerning the verification of the availability of public charges of movable property of clients who open any accounts of such banks, leads to a significant slowdown in customer service, which in most cases causes dissatisfaction of the latter.

NA Rodovid Bank led the director of the Department of Finance

Head of the Supervisory Board (SB) of the nationalized troubled Rodovid Bank appointed as Director of Financial Policy Department of the Ministry of Finance Tatyana Sysoev. The corresponding solution of the temporary administrator of the bank by Yuri Raytburga dated April 18, promulgated in the disclosure of the State Commission on Securities and Stock Market on Wednesday. Sysoev replaced Nikolai Gordienko, who served with him in June 2010. In addition, the interim administrator fired six more of the four members of the National Assembly, appointed in June last year. Their place was taken by employees of the Ministry of Finance: Julie Glushenko, Sergei Makatsaria, Natalia Strahov and Anastasia Churilina. Retained their seats in the Supervisory Board Director of Finance yurdepartamenta Matuzko Yaroslav, who became deputy head of the Supervisory Board, and Director of the Department of Finance of the production sphere Finance Eugene Kuzkin. Rodovid Bank (previously - AKB "PC") was founded in 1990. In the course of anti-crisis program of recapitalization of banks in state ownership was transferred 99.9907% of financial institution. This year the government decided to transfer all deposits of individuals from Rodovid Bank Oschadbank, concentrating its efforts on working with troubled assets. According to the National Bank on January 1, 2011 by total assets Rodovid Bank ranked 20 th place (10.48 billion USD): Total liabilities of financial institutions amounted to UAH 9.326 billion, a net loss in 2010 - 4.264 billion USD.

ATM in Harare issued the traffic coming out of Zimbabwe dollars

ATM in the capital, Harare issued the client's out-of-treatment several years ago, Zimbabwean dollars, reports BBC News. The bank Interfin Bank, which owns the ATM, they say that old bills were submitted to him by mistake. The last two years in Zimbabwe in the course of American dollars and South African rand, as raging in the country's hyperinflation is totally devalued the national currency, and the Zimbabwean dollar has been decided to withdraw from circulation. Last Tuesday, the woman wanted to withdraw about $ 100, and an ATM installed in the center of the capital, gave her the old local dollars. After the incident, there were rumors that the national currency back into circulation. "It's like seeing a ghost," - said a local resident, learned about this case. The bank also said that the technology tested ATM using the old bank notes and by mistake left them in the machine. Source: M3-Media

The bank UBS have found 19 tonnes of platinum Hosni Mubarak

The Egyptian Center for Economic and Social Rights in the prosecutor general's office filed a suit demanding the country's investigation into secret accounts of former President Hosni Mubarak. To suit accompanied by a copy of the document confirming the transfer of the deposit in a Swiss bank, UBS, 19 thousand pounds of platinum. Translation of 19 tons of platinum on Mubarak's personal account was made on Dec. 11, 1982. The market value of such quantity of precious metal today is 14.9 billion dollars. Source: Banki.ru

NBU sold on April 21 certificates of deposit at banks 2,789 million hryvnia

The National Bank on Thursday, April 21, the banks sold their certificates of deposit totaling $ 2,789 million hryvnia. This was reported by the National Bank. National Bank to regulate liquidity mobilized funds through a tender to deploy NBU certificates of deposit for a period of 29 days at the weighted average interest rate of 3.0% per annum three banks amounting to 653 million hryvnia, for a period of 43 days at the weighted average interest rate of 3.5% per annum 1 bank $ 30 million hryvnia, and for a period of 57 days at the weighted average interest rate of 4.0% per annum 8 banks amounting to 2,106 million hryvnia. As reported, the NBU on 20 April, the banks sold their certificates of deposit totaling $ 2,700 million hryvnia. In accordance with paragraph 2.6 of Chapter 2 of the Regulation of National Bank of Ukraine liquidity of Ukrainian banks, approved by the Board from 30.04.2009 № 259, on interest tenders for placement of certificates of deposit banks offer their own interest rate. In March, the National Bank to regulate liquidity mobilized (attracted) to banks for a total of 14,459 million hryvnia. In January-March, the National Bank drew 40,223 million hryvnia to banks. In 2010, the NBU has attracted 248,097 million hryvnia to banks. NBU shall deposit auctions to withdraw from the market of money to spare. Materials: Interfax-Ukraine

Tuesday, August 30, 2011

Banks can not decide, the account of al-Qadhafi to freeze them

World's banks, whose obligation to request the international community is freezing the assets of the Libyan Government, faced with an unusual problem. It was found that the conduct financial audit of Arab clients is difficult, because in the world there is no uniform system of transliteration of Arab names of their own. The World Bank can not, for example, to calculate all the invoices Muammar Gaddafi. According to the newspaper The Wall Street Journal, the mere name of the leader of the Libyan Revolution, has about 100 spellings. The U.S. Treasury Department, in particular, calls al-Qadhafi Muamar Gaddafi, Muammar Gathafi, Muammar Gadhafi, Qaddafi, and even Elkaddafi. The Swiss foreign ministry to "fix" the Libyan leader, as Muammar Gheddafi, and the UN - Muammar Qadhafi. In this regard, the financiers are afraid to admit mistakes in checking accounts, the "Gazeta.Ru. "Transliteration always hampered the work of banks, but it became a real challenge for the financiers in the light of recent events", - told the judge. To reduce the error in finding the client on behalf of international banks began to use the program fuzzy logic, which offers a variety of writing queries in the same way as do search engines on the Internet. "But to be sure that nothing is missed, the bank officers to view all of the personal affairs of clients manually - the newspaper said. According to Finance Minister Libya Abdullahifida Zlitni, total overseas assets were frozen by the country's $ 120 billion package of assets of the Central Bank of Libya and Libyan investment fund includes shares in banks UniCredit and RBS, in a Fiat and FC Juventus.

Foreign currency loans: remember flinch and forget it!

Author: Yuri deaf since January 1, 2011 Ukrainian commercial banks have the right again to lend foreign currency to individuals. The fact that the ban on the issuance of loans in foreign currency, as contained in the June 2009 anti-crisis laws № 1533-VI «On measures for overcoming the financial crisis in Ukraine, valid only until the end of 2010. The opinions of experts and officials on whether to resume foreign exchange lending vary. Many bankers are in favor of the resumption of the possibility of granting loans in foreign currency. "I have no doubt that the credit products in the currency will appear in the arsenal of any and all banks. Over-saturated market of foreign exchange resources and place them in the credits would many banks ", - considers, for example, the chairman of the supervisory board of bank" National Credit Andrew Onistrat. In the first place, will start issuing foreign currency loans banks with foreign capital, because they have better access to external resources - suggests other financiers. Indeed, the banks now is a big problem. The volume of bank deposits in foreign currency amounts to 1 January 2011 16 315.5 million. According to him regularly required to pay interest, but the corporate lending by banks is still limited because of their unreliability, and foreign currency loans to individuals for a long time to give it was impossible. Under such conditions, many banks actually have suffered on borrowed in foreign currency deposits of the population.

Tikhonov seeking investment in construction

To the construction industry has reached a level of 2008, must pass a rather complicated way of investment of saturation of the economy. This was stated by Vice-Premier, Minister for Regional Development, Construction and Housing Viktor Tikhonov in the interview LIGABusinessInform. "If you speak the language of comparison, the investment for the construction industry are the oxygen, without which its full-blooded work. Reduced oxygen intake - a person begins to suffocate. The same thing is happening with the construction in case of non-investment", - said Vladimir Tikhonov. Vice Prime Minister stressed: that the construction sector reached from 2008, it is necessary to ensure the flow of investment. The official cited an example when in 2008 the volume of investment only in housing more than 35 billion USD., The bulk of which (over 20 billion USD.) Consisted of investments of the population: "We need to ensure an adequate level of investments into housing construction." According to Vladimir Tikhonov, the first significant step in this direction is already made - significantly eased access to the building investment market in the country. The mechanisms of this simplification, the official said, established by the Law "On regulation of urban development." "For the second step, we also produced good conditions: the release provided a supply of construction works from paying value added tax," - he stressed. The next step, according to Deputy Prime Minister, should be a return of confidence of private investors to property developers. "In this direction, we carried out a consistent work on the implementation of clear accountability mechanisms entities of construction activity for the provision of goods, works and services in the construction market.

National Bank said the currency in January

Since early January, the supply of foreign currency in the interbank foreign exchange market exceeds demand. This is stated in the report of the National Bank of Ukraine, the text of which has LIGA.Finansy. According to the regulator, indicated contribute to persistent net foreign exchange earnings from non-residents. Under these conditions the National Bank of Ukraine carried out mainly by the intervention of foreign exchange purchases, adding to international reserves. Since the early months of the hryvnia exchange rate against the U.S. dollar strengthened on the interbank market at 0.35% to 7.9336 UAH / USD. United States, and in the cash segment on transactions for the sale of U.S. dollars - almost unchanged. The official rate of hryvnia against the U.S. dollar since the beginning of January rose by 0.40% to 7.93 UAH / USD. U.S. and the euro and the Russian ruble - has decreased by 2,87% and 2,3% to 10.8768 USD / EUR and 2.6724 grn./10 rubles, respectively. Source: LІGA.Finansy

Banks are once again ready to lend in foreign currency

Since January 1 expiration of a moratorium on foreign currency loans to individuals (the ban on the issuance of loans in foreign currency contained in two documents - the decree NBU № 319 and anti-crisis laws № 1533-VI "On Measures to overcome the financial crisis in Ukraine ", adopted in June 2009). The fate of foreign currency lending will be resolved in the near future at a meeting of the Board of the NBU. Although the new head of the banking agency has already voice their ambiguous position on this issue." For neutralize threats to economic security in the banking sector, coupled with the accumulation of external and domestic debt in foreign currency bank and its clients, it is advisable to establish a legislative ban on consumer lending in foreign currency natural persons "- said the NBU Sergei Arbuzov. And while the National Bank as a deliberate to fill a legislative "gap" wards of the regulator are preparing to issue foreign currency loans. "I have no doubt that the credit products in the currency will appear in the arsenal of any and all banks. The market is saturated with excess foreign exchange resources and place them in the credits would many banks", - predicts Andrew Onistrat, chairman of the supervisory board of bank "National Credit," write the comments. The first for the issuance of foreign currency loans, most likely, will take "daughters" of foreign banks, which easily can gain access to resources from parent companies. "banks with foreign capital are willing and have the opportunity to resume lending in foreign currency, as access to external resources for them to be more open and cost is lower than the domestic market.

Most of the Belarusian banks have imposed restrictions on withdrawals from ruble cards abroad

Most of the major Belarusian banks have imposed restrictions on withdrawals of currency abroad with bank cards issued in Belarusian rubles. According to information received by RIA Novosti on Friday in the central offices of Pryor Bank, BPS-Bank, Belgazprobbank, Belarusbank, Belinvestbank, without limitation currency abroad can only be removed from the ruble-denominated cards Belarusbank. Priorbank imposed daily limit on the use of the ruble cards abroad, 300 cash and 500 dollars in non-cash equivalent. BPS-Bank (subsidiary of Sberbank of Russia) imposed a limit on the use of ruble-denominated cards abroad, equivalent to 1 thousand dollars per day and 2.5 thousand per week. Belgazprom limited the issuance of currency denominated card $ 500 a day, and Belinvestbank - 500 per day and 2 thousand a week in cash and 700 per day and 3 thousand a week, non-cash. At the same time on the cards denominated in foreign currencies are listed restrictions do not apply. With them, as before, you can take currency abroad without restrictions. Domestically, cardholders also have experienced a number of limitations. Thus, the owners of ruble-denominated cards are now unable to withdraw cash in dollars or euros, as previously assumed. Foreign currency accounts are also no longer replenish the Belarusian rubles. In early March, the republic's economy faced a sharp increase in demand for foreign currency by the population and economic entities, provoked by fears of a possible one-time devaluation of the currency.

Creation of the bank's distressed assets - a good idea, but no future - expert

A separate structure, which would have acquired the bad loans from banks, could help solve the problems of public financial institutions, but for the market as a whole, unfortunately, it does not work. This opinion was expressed by partner law firm CAP Consulting Nicholas Dolenko. In addition, he said, the creation in Ukraine of the bank non-performing assets - a task difficult doable. "First, - the lawyer - the question is who will be the owner and, accordingly, to finance such a structure? In order to clear your bank balance on the sale of distressed assets to obtain payment for the sold loans and the substantial delay of payment satisfied he was not will be. " At the same time, he said, getting overdue credit, you must understand that there is a risk nothing at all to get the borrower to either get only some part of it, and perhaps not in the near future. The question is finding an investor who will appreciate and accept those risks. "It should be noted that in Ukraine there are several companies that buy delinquent loans from banks, however, they acquire a very small amount of debt. It is only those credits from the proposed bank, which they see a prospect of work. The creation of a such structure under the state start, coupled with the lack of necessary staff and a carefully designed policy activities, as practice shows, is likely to be fertile ground for a variety of financial abuse ", - said the lawyer. The second important issue, according to Nicholas Dolenko, is in what form such a structure should exist.

NBU: The banks will write off the balance sheets of bad assets

The National Bank has developed a new provision to write off troubled assets, according to which banks are obliged to transfer their bad assets to the balance of off-balance. Told this to the deputy head of the NBU Igor Sorkin. "National Bank developed a new provision to write off troubled assets" - he said. According to Sorkin, it was previously written off 10 billion UAH. according to the position of the write-off of problem aktivov.Polozhenie invalidated in connection with the entry into force of the Tax Code. In accordance with the Code, the National Bank drafted a new provision, which passed the Finance Ministry for approval. "According to a new location, the asset is transferred from the balance in vnebalans, and with this asset bank also continues to work as with the asset, which would be on the balance sheet" - he said. There are fears that an asset may be scrapped and the bank will not return it, the deputy head of the NBU considers unreasonable. "When the asset returns, the revenue for its implementation are also subject to" - he said. As previously reported, February 22 The National Bank ordered commercial banks to provide information about the amount written off their credit debt for the period from 1 November 2010 to 17 February 2011. Materials: Ukrainian News

Belarusians storm currency exchangers (video)

Speculative demand for the currency in Belarus has led to literally storm exchange points. "The excitement of buying a currency in Belarus passed the border, where people quietly accept a deficit. One of our readers took the form of open currency exchange office in the shopping center "Crown", - said in a statement on the opposition website "Charter 97", reports Gazeta.ru. On a short clip, titled "90-s returned. Storming exchanger in Minsk, "a period of 14 seconds, much like people running into the showroom. Two of them fall under the crush, but people do not even notice and continued, stepping on the fallen, to flee to foreign currency exchange. In the shopping complex runs at least 30 people, only then people start to go quieter. In anticipation of the devaluation in Belarus since March, remains speculative demand for currency. From the beginning, the country's foreign exchange reserves fell by 30%. IMF urges the Belarusian authorities to hold a significant devaluation. The devaluation has already happened in early 2009. Mindful of those events, the citizens began to transfer their savings in euros and dollars

Swiss bank UBS in 2010 was 5.5 billion euros of profit

Net profit of Swiss financial services company UBS AG, attributable to shareholders of the bank in 2010 amounted to 7.16 billion Swiss francs (5.52. Billion euros) against the net loss for 2009 of 2.74 billion francs . It is said in the statement of financial-credit organizations. The increase in net profit due to higher revenue from trading operations and reduce costs on debt. Operating profit UBS rose 41.5% to 31.98 billion francs. The Bank also reported for the fourth quarter of 2010, which resulted in its net profit on an annualized basis rose by 7.05% to 1.29 billion francs. The actual figure was below the consensus forecast of analysts surveyed by Bloomberg (1,35 billion francs). Operating profit rose about IV quarter 2009 by 16,8% to 7.122 billion francs, thanks largely to revenue growth of the banking business. Wealthy clients have continued to increase contributions to the UBS second consecutive quarter. In particular, the U.S. subsidiary of UBS to manage the states of wealthy clients recorded a capital inflow of $ 3.4 billion francs. On materials: BFM.ru

Interbank: The euro and the dollar rose slightly

At the end of trading on the interbank foreign exchange market the euro and the dollar rose slightly, according to the company InterBiznesKonsalting, trades on the euro on the interbank market resulted in a range 10,5488-10,5647 UAH / EUR, trading in the dollar - 7,9630-7 , 9705 UAH / USD, trading in ruble - 0,2605-0,2607 UAH / USD. Recall now trades in euros on the interbank market opened in the range 10,5425-10,5555 UAH / EUR, trading in the dollar - 7,9620-7,9705 UAH / USD, trading in ruble - 0,2610-0,2614 UAH rub.

The owner of UkrSibbank in 2010 earned 7.8 billion euros

Net profit BNP Paribas in 2010 amounted to 7.8 billion euros. This was reported on the site UkrSibbank, 99.99% owned by BNP Paribas. "Thanks to the active role that BNP Paribas Group has played in financing the economy and the successful integration of Fortis, which displays the group to a new level, net income at BNP Paribas in 2010 amounted to 7.843 billion euros, up 34.5% more than in 2009, "- said in a statement UkrSibbank. In 2010, the group showed an income of 43.88 billion euros, up 9.2% compared to 2009. Each structural unit of the group managed to increase its profit before tax, and the rapid development of retail businesses allowed to recover a high proportion of the business lines in the structure of income groups. "The successful merger of BNP Paribas Fortis and BGL BNP Paribas with the group will increase the results of joint activities, projected for 2012, with 0.9 billion euros to 1.2 billion euros, with a corresponding revision of the restructuring costs of 1.3 billion . up to 1.65 billion euros, "- said financial institution. Profitability on equity reached 12.3%, while in 2009 it was 10,8%. Net income per share in 2010 increased by 21,7% compared to 2009 m and was 6.3 euros. Net book value per share amounted to 55.5 euros, 9.0% more than in 2009 and by 29,4% - in comparison with 2006 (the last year before the global economic crisis). Source: delo.ua

Statutory fund of Naftogaz increased by 5 billion UAH

The Cabinet decided to increase the authorized capital of Ukraine's Naftogaz to 5 bln. This is stated in the decree of the Cabinet on 29 December the Ministry of Energy and Mines requested to decide on the private placement of shares of Naftogaz on that amount. The shares will be exchanged for specially issued for the purpose of T-bills. As reported by "Ukrainian News", 100% of the share stock of Naftogaz after dopemisssii remain in state ownership. The Cabinet instructed the Ministry of Finance to issue government bonds worth $ 5 billion USD with maturity of 5-7 years with a yield of not more than 9,5% per annum. The decision comes into force in 2011.

Monday, August 29, 2011

Fitch Ratings lowered the growth forecast for the global economy because of Japan

International rating agency Fitch Ratings lowered its forecast for global GDP growth this year against the background of the situation in Japan and rising oil prices, according to a press release, the agency Interfax-Ukraine. Agency experts expect global GDP growth to slow from 3.8% in 2010 to 3,2% this year, at the same rate the world economy will grow in 2012. In the agency's report does not provide an exact forecast of the change, expressed in percentage points, but notes that such a comparison would be incorrect in view of changes in methodology for calculating the average world GDP. "Rising oil prices that followed the escalating political tensions in the Middle East, is a significant obstacle to the recovery of the global economy - are contained in the report Fitch analysts said Maria Malas-Mrue. - At the same time, inflationary pressures have increased in both developed and developing economies, stressing the complexity of the dilemma facing the monetary authorities of the world. " In Europe, worsening prognosis affected as key, and peripheral economies, which, among other things, reflected the continuing uncertainty regarding the success of fiscal consolidation measures, as well as reduction in domestic consumption and tightening monetary policy in the backdrop of rising oil prices. As for Japan, there is also the agency previously lowered forecast of economic growth in 2011 by 0,5 percentage points (pp) - 1%, while increasing the forecast increase in Japanese GDP in 2012 to 2,2% from the expected 1,7% previously.

Every Ukrainian owed to creditors of Ukraine for 8.8 thousand - Pinzenyk

Victor Pinzenyk Ex-Finance Minister Viktor Pinzenyk has estimated that every Ukrainian must be on government loans to 8.8 thousand UAH About this newspaper in Kiev. "Ukraine in recent years is a very bad way - live in a big debt. Now he is 405 instead of 88.7 billion USD at the beginning of 2008 "- said ex-finance minister. Pinzenyk calculated using simple arithmetic, how much debt on the loan account for every Ukrainian. With the help of a calculator, he shared 405 billion by 46 million - the population of Ukraine. "8800 UAH - so every Ukrainian must be on the loan. This is just a basic loan - without interest. In fact, by 405 must add 30 billion legally still uncommitted debt for gas. The so-called gas agreement with respect to the Black Sea fleet contains a provision that almost no one noticed - the discount on the gas, which at the end of the year will be formalized debt of Ukraine to Russia ", - he said. According to him, this is an approximate amount, which is derived from the calculations. "Give a discount of 40 billion by $ 100 - a $ 4 billion, four to eight (the current Dollar exchange rates) - we have a $ 32 billion this debt is already there, because the gas is consumed, but legally will be issued in the next year. However, this is not the final figure. In the last month of the year to figure the budget deficit and debt will be added even a decent amount, "- said Pinzenyk. Recall the national debt of Ukraine for January-November 2010 grew by 30% in November rose by 1.2% - to 51.876 billion U.S.

Copper prices have set a new record

At the auction in London after the Christmas holidays, copper prices have reached record levels, rising above 9,400 dollars per tonne As the Financial Times, in early June, a strategic metal for the world economy has risen in price by more than 50%. Traders, analysts and investors believe that current prices - this is not the limit, and next year we can expect a rise in price to 12 thousand dollars a ton. Analysts at Barclays Capital forecast that in 2011 for copper in the middle will offer 9,550 dollars per tonne. Their colleagues at Goldman Sachs expect in the coming 12 months, the metal could rise in price to 11 thousand dollars / tonne.

Semeniuk-Samsonenko: around the privatization of Ukrtelecom would be a scandal

Valentina Semeniuk-Samsonenko attempt Ukrtelecom privatization could have serious legal implications of this opinion on the air TVі made by the former head of the State Property Fund of Ukraine Valentina Semeniuk-Samsonenko. As reported by Ukrainian Pravda, she recalled that, to date Ukraine has a presidential decree, which prohibited the privatization. "Until the adoption of a new privatization program until they accept the law on privatization, which would correspond to European standards and provide for direct responsibility of the investor for its obligations, and will not be sectoral programs, privatization of the monopoly, and enterprises of strategic purpose, is prohibited" - stressed Semeniuk-Samsonenko. "Today, the decree of President Yushchenko's decree is valid and Yanukovych called off. This suggests that today held a selection of the appraiser, took the selection of the starting price, and the president's decree № 200 acts, and this could have legal consequences, "- she explained. According to Semeniuk-Samsonenko, the history surrounding the privatization of Ukrtelecom will be even more controversial because there is a solution of the Kiev Economic Court to prohibit interference in the privatization of the enterprise. "Corporatization Ukrtelecom took place in 1999. In the statutory fund Ukrtelecom included dormitories, malosemeyki, social facilities, kindergartens, rest homes. That is, when there was a corporatization, all the property included in the price of the company.

Economist: Ukrtelecom no one was interested

Lanovyi Independent economists do not expect a successful privatization of Ukrtelecom. As expected, as a result of the state monopoly will simply replace private According to the president of the Center Lanovyi market reforms, the State would be more profitable to sell Ukrtelecom few years ago. And the enterprise itself would have been better to sell it to small stakes in many of the owners. Lanoviy believes that now is the attractiveness of the object fell. "Nobody is not interested in such objects there, or collusion, or barriers to competition. All this looks very ugly and hopeless "- he said Deutsche Welle. Economist called ludicrous assurances potential owners about what they invest 450 million USD in the company's development. Estimated Lanovoy, the money will buy only a few powerful computers, servers, and the province did not receive high-speed Internet access. Subsidiary of Yeosu "Concern EPIC (Austria) became the sole bidder Ukrtelecom. The Austrians offered a sum of 10 UAH more than the starting price, which amounts to 10,5 billion UAH.

Japanese analysts predict a depreciation of the euro to 1.18 dollars

Analysts one of the largest Japanese bank Mizuho Corporate Bank project decreased to EUR 1.29 dollar mark by the end of March and 1.18 dollars - to December 2011 As explained in Mizuho, ??the weakening euro will contribute to the debt problems of the eurozone, which may force the European Central Bank (ECB) to go to the steps to reduce its monetary policy, RBC reports referring to Reuters. It seems that the eurozone's debt problems were the focus in 2010 is particularly acute financial markets react to the slightest variations in the "problematic" countries PIGS (Portugal, Italy, Greece, Spain). These countries are now creating problems of their brethren in the euro area, as have a large external debt and little opportunity for his redemption. The crisis in Greece, which broke out in the spring of 2010. Forced the European countries take urgent action. In an attempt to stabilize the situation and keep the rate of the single European currency, the EU agreed with the IMF to create a special stabilization mechanism of 750 billion euros. However, this measure, as analysts note, had only a short-term effect. Financial markets are still reeling, after the establishment of the Stabilization Fund does not fundamentally change the situation and does not solve structural problems, and it means - in the developed North and in the future will have to save economically backward south. Meanwhile, in the queue to "rescue" is already lined up Portugal and Spain (the salvation of the less fortunate "colleagues" for the eurozone - Greece and Ireland - cost the EU and the IMF's 110 billion euros and 85 billion euros, respectively), and emergency assistance to these countries can need in the very near future.

Bank downgraded the forecast of GDP growth in Ukraine in 2011 by 0,5 percentage points

Growth of economy of Ukraine in 2011 will slow to 4% from 4.5% in 2010, predicts the European Bank for Reconstruction and Development (EBRD). The updated quarterly economic report, released Monday, the bank has lowered growth estimates for gross domestic product (GDP) of Ukraine in 2010 and 2011 compared with previous estimates made in October 2010, at 0.5 percentage points. As reported, according to preliminary government estimates, GDP growth in Ukraine in 2010 amounted to 4,1%. In 2011, the government expects to accelerate economic development to 4,5%. According to the forecast of the World Bank, after GDP growth of 4,3% in 2010, economic performance in Ukraine in 2011 will slow to 4%. On materials the Interfax-Ukraine

Cabinet has imposed restrictions on purchases in duty free

The Cabinet has imposed restrictions on the sale of goods at duty free shops (duty free). On February 14, 2011 will be banned the sale of goods and services to legal entities and natural persons, not leaving the customs territory of Ukraine New rules established government decree № 1199 of December 27. According to them, buyers at duty free can be extremely physical persons who leave behind the customs border of Ukraine and moved to the vehicles belonging to residents and those who are outside the customs border of Ukraine. As reported by "Ukrainian News", the current edition of the rules provides that duty free shop sells goods to natural persons (for cash, credit cards and checks) as well as to legal entities (non-cash), which serve passengers on international flights after they have a passport and customs control.

Pope decided to fight against money laundering

The Vatican will create a new body to combat money laundering. The corresponding decree of Pope Benedict XVI to appear today as reports Financial Times, the State seeks to enlist the support of the international regulatory bodies. Previously, they refused to include the Vatican in the list of countries that meet internationally accepted standards. Decree of the Pope's new requirements will be put forward to all the governing bodies of the Holy See, including the Vatican Bank, also known as the Institute for Religious Affairs. Newly created Office of Financial Information will prevent illegal financial activities, fight against money laundering and terrorist financing. Three months ago, prosecutors in Italy have arrested the accounts of the Vatican Bank $ 30 million. Launched an investigation against the chairman of the bank by Ettore Gotti Tedeschi.

EU granted Ukraine 12 million euros in trade development

The European Union has allocated Ukraine 12 million euros in support measures to overcome trade barriers and increase product safety by improving the technical regulation of the funds allocated under the obligations under the financing agreements between the EU and Ukraine on 21 December 2009, according to the program sectoral support "Promoting mutual trade, by overcoming the technical barriers to trade between Ukraine and EU". As reported ukranews.com, this program provides for the allocation of Ukraine, 39 million euros, which will be given four tranches over four years. Payment of the first tranche of budget support in the amount of EUR 12 million was made after evaluation of EU macro-economic stability and development in the sphere of public financial management in Ukraine. In this case, the EU stressed that the public procurement system should be developed in Ukraine on the principles of transparency, openness and compliance with international standards, and the deviation from these guidelines may jeopardize Ukraine's compliance with the requirements for the provision of further budgetary support to the EU.

Gazprom does not anticipate a New Year's gas war with Kiev and Minsk

In the New Year's Eve no problems with gas supplies to Belarus will not. This was stated by spokesman for the chairman of Gazprom spokesman Sergei Kupriyanov, "We have contacts with Belarus, which defines all the conditions, both financial and technical. Any problems with the transition from December 31 to January 1, we do not expect that everything should be fine "- he said. According to the "Times", Kupriyanov said the issue of gas transit to Ukraine. In this direction, the problems are also not expected. "With Rosukrenergo and Naftogaz all settled, all the tails that were there at the moment are smoothed. And the transit fine. No problems at the moment there is no "- he said.

CellPhones with a universal charging may occur in early 2011 г

Mobile phones of all major brands with standardized chargers may appear in Europe in early 2011. This was stated by the European Commission According to the BBC in June 2009, the company Nokia, Motorola Mobility, Apple, Samsung, Sony Ericsson and others have agreed two years to standardize their mobile phones under a single "charge". It was decided that the Chargers will use a cable standard micro-USB.

Sunday, August 28, 2011

State budget-2011 has been published in official publications

State Budget Law for 2011, published in the Parliamentary newspaper "Golos Ukrainy" and the government publication "Uriadovyi Kurier" Revenues of the general fund budget set at 238.581 billion UAH, special fund revenues - 42.884 bln. Expenses of the general fund is 279.087 billion UAH, special fund expenditures - 42.834 bln. Limiting the budget deficit is expected to be at 38.843 billion USD, including the general fund - 36.844 billion UAH, special fund - 1.999 bln. As reported by "Ukrainian News", limiting the size of government debt on December 31, 2011 may reach 375.643 billion USD. Subsistence minimum in 2011 is set at: 1 January - 894 UAH from April 1 - 911 USD, from October 1 - 934 USD, from December 1 - 953 UAH. For children under age 6 living wage will be: 1 January - 816 UAH from April 1 - 832 USD, from October 1 - 853 USD, from December 1 - 870 UAH. For children aged 6 to 18 years: from January 1 - 977 USD, from April 1 - 997 USD, from October 1 - 1,022 USD, from December 1 - 1042 UAH. For able-bodied persons: 1 January - 941 UAH from April 1 - 960 USD, from October 1 - 985 USD, from December 1 - 1004 UAH. For persons of disability: from January 1 - 750 USD, from April 1 - 764 USD, from October 1 - 784 USD, from December 1 - 800 UAH. The minimum wage on January 1, will reach 941 USD, from April 1 - 960 USD, from October 1 - 985 USD, from December 1 - 1004 UAH. The minimum wage at an hourly rate from January 1 will be 5.66 USD, from April 1 - 5.77 USD, from October 1 - 5.92 USD, from December 1 - 6.04 UAH.

The official rate of exchange on December 30

On December 30 the National Bank has established the following official rate of hryvnia against foreign currencies: USD 795.9600 per $ 100 (-0.1500) 1045.5731 grn for 100 euros (-4.8940) 2.6218 UAH for 10 rubles (-0.0081).

Net income at Credit Suisse in 2010 decreased by 24% - up to 3.9 billion euros

Net Income Credit Suisse, one of the largest banks in Switzerland, at the end of 2010 decreased by 24%, amounting to 5.1 billion Swiss francs (3.88 billion euros), said in a Thursday press release, financial company referenced by the RIA Novosti news agency. In terms of per share net profit during the reporting period decreased by 24% compared with 2009 and amounted to 3.89 francs (2.96 euros). Credit Suisse's revenue in 2010 decreased by 9% to 30.63 billion Swiss francs (23.29 billion euros). The results of IV quarter 2010 net income of financial organizations increased by 6% over the same period in 2009 and amounted to 841 million Swiss francs (639.6 million euros). In terms of per share net profit in this period increased by 5% to 0.59 francs (0.45 euros). Revenue at Credit Suisse in IV quarter of 2010 increased by 7% to 6.96 billion Swiss francs (5.29 billion euros). Credit Suisse has been founded in 1856. The bank, which operates in 50 countries, employs over 48 thousand people. Source: Banki.ru

Gold may rise in price to $ 1500 per ounce

Experts believe that in 2011 the upward trend in gold prices will continue. In addition, the competition this alternative currency assets could reach other precious metals, reports Euronews. "We believe - said analyst Bob Parker - that gold will trade in 2011 ranging from $ 1400 per ounce, we are now very close to this mark, and up to $ 1500. Quite clearly one - gold will go up, but the pace of price growth will be lower than in the past two years. " Analyst Jeffrey Christian of CPM Group forecasts that gold will go up only in the first quarter of next year and in subsequent quarters of its value may drop to $ 1200 per troy ounce. Gold prices for the second consecutive day, remain above $ 1400 dollars. Psychological threshold has been overcome in the auction on Tuesday, when gold prices added 1.5% to 1405.60 dollars.

Victims of fraud Madoff intend to sue the banks for 1 billion dollars

Lawyer Irving Picard, representing the investors affected by the financial pyramid Bernard Madoff, intends to sue banks for 1 billion dollars. According to him, seven credit institutions, notably Citibank, the investment bank Natixis, and Fortis, ABN Amro, Banco Bilbao Vizcaya Argentaria, Merrill Lynch and Nomura, received transfer payments within the framework of the financial pyramid Madoff. In this case, according to counsel, the company knew or should have known of the illegal activity by the entrepreneur, reports Associated Press. A few days earlier, the private Swiss bank Union Bancaire Privee (UBP) has agreed to reimburse defrauded investors who have suffered as a result of machinations Madoff, $ 500 million. The corresponding agreement was also reached between the bank and Picardy. It is worth noting that the filing of all possible claims for damages as a result of the swindler and his funds have suffered, there is very little time. Already 11 December 2010 deadline comes a claim for compensation. In November, Pickard filed over 100 claims for compensation for the lost funds. The most sensational was a statement against UBS, HSBC, JPMorgan Chase: credit institutions charged with the connivance of the machinations Madoff. From the Swiss UBS Picard demanded a compensation of about $ 2 billion from the U.S. JPMorgan Chase - 6,4 billion from the British HSBC - 9 billion in December 2008 in the United States was exposed largest in the history of the financial pyramid, which he founded and headed Bernard Madoff - former chairman of the board of directors of NASDAQ and the founder of investment firm Bernard L.

The official rate of exchange on December 31

December 31, National Bank of Ukraine has established the following official rate of hryvnia against foreign currencies: 100 USD - 796.1700 UAH (December 30 - 795.9600 USD) 100 EUR - 1057.3138 UAH (for 30 December - 1045.5731 UAH) 10 RUR - 2.6124 USD (December 30 - 2.6218 USD).

Lions ready to buy 92 buses and 60 trolley buses on 275 million UAH

The government of Lviv are going to buy 92 buses and 60 trolleybuses in preparation for Euro 2012, totaling over 275 million USD, reports Information Center "Ukraine-2012" with reference to the department in preparation for Euro-2012 Lviv City Board. According to the department in 2010, by agreement with the manhole has received 13 buses. Rolling stock of public transport provided by LGS Decree № 3861 of 12.08.2010, the recall for the football tournament in Lviv plan to run light rail. In addition, the host city developed a scheme for transportation to distant placements fans.

The new head of the NBU to appoint a Deputy

Sergey today head of the NBU Arbuzov Arbuzov Sergei appointed his first deputy Yury Kolobov The press office of the NBU, until that time, Kolobov worked as first deputy chairman of the Board of the State Export-Import Bank of Ukraine. Recall Sergei Arbuzov came from NBU Ukreximbank. On May 26, 2010 he was inducted into the supervisory board Ukreximbank and became its head. September 1 Arbuzov was appointed first deputy chairman of the National Bank, where he worked until he replaced the retired head of the National Bank Volodymyr Stelmakh. Opposition calls Arbuzov another elder son Yanukovych and personal treasurer of the president's family.

The amendments to the Budget Code

In Ukraine, since 1 January 2011 the amendments to the Budget Code of President Viktor Yanukovych on Dec. 28, 2010 signed the Law of Ukraine № 2856-VI Amendments to the Budget Code of Ukraine and some other legislative acts of Ukraine, RBC-Ukraine . December 23 the Verkhovna Rada of Ukraine adopted on second reading and the whole bill on Making Amendments to the Budget Code of Ukraine and some other legislative acts of Ukraine, initiated by the Cabinet of Ministers of Ukraine in connection with the adoption of the Tax Code. For a decision 266 deputies voted. Recall that in Ukraine since January 1, 2011 entered into force on 28 laws, 18 resolutions and a decree of the Cabinet of Ministers, as well as a decision of the Verkhovna Rada.

Polish experts: Budget of Ukraine - a conservative

The experts of the Polish Center for Eastern Studies (OSW, Warsaw), consider a real execution of revenues received in December, the Ukrainian Parliament of the national budget for 2011, "Key indicators of the budget, as economic growth and inflation can be considered conservative, which explains the freezing social spending at the level of 2010, as well as make it easy to fulfill the plan of incomes ", - stated in a review center. Analysts noted that the adopted budget with a 3% budget deficit meets the requirements of a key creditor of Ukraine IMF, which opens the way to get the second tranche under the program approved in July stand by for 15.1 billion dollars, UNIAN. Experts believe that Ukraine can get a second tranche of the IMF in March after the pension reform. OSW also noted a reduction in budgeted expenditure on education, research programs and increase the maintenance of power structures, in particular, MVS, SBU, but not the army. Recall, December 24, Parliament approved a budget of 281 billion USD revenue and expenditures 322 billion USD, reducing the deficit to 3% from 5.3% last year. According to the document, the GDP growth will accelerate in the current up to 4,5 to 3,7% in the past, and inflation reduced to 8.9 to 13.1%.

Ukraine is partially cut off gas supplies to Poland

In the item "Ustilug" (Volyn Region) halted gas supplies in a separate area of ??Poland (Holm, Hrubesch). On termination on January 1, gas supply, "Lvovtransgaz" informed the Polish side for the month as noted in "Lvovtransgaze" cease the supply of "Naftogaz" is associated with changes in legislation, according to which the entire volume of natural gas produced in Ukraine should focus exclusively on addressing domestic needs, UNIAN. Recall that in September 2010 natural gas deliveries to Poland has already stopped for the same reason, but later resumed. Managing gas pipeline "Lvovtransgaz" is part of the subsidiary Ukrtransgaz Naftogaz Ukrainy. Provision of gas supply Poland from Ukraine is carried out on two fronts: through the point of interstate gas transmission "Drozdovich" (Lviv region), which provides about 90% of gas supplies to Poland, and the gas transfer point "Ustilug" (Volyn region) - 5% .

European Commission: Introduction of the euro in Estonia was successful

According to the European Commission, the introduction of the euro in Estonia as the official currency was "smoothly and in accordance with the plan", reports Interfax-Ukraine. "Thanks to the careful preparation, the beginning of the exchange was successful. Have been no serious problems, including in the banks. Previous national currency koruna will be displayed in a two-week transitional period ", - said in a statement. Already on Sunday, January 2, about 26% of payment in shops were made by the euro and about 90% of buyers get change in euros. Thus, Estonia has become the 17 countries of the EU, which adopted the euro as a negotiable currency. Recall, on 1 January in Estonia in the treatment adopted the euro. Estonia became the first former Soviet republic, which joined the eurozone. The bill on the transition to the single European currency Estonian government decided in early March 2010. In May, the European Commission recommended the adoption of Estonia in the monetary union. 17 June EU summit decided on the country in the euro zone. Before Estonia joined the Euro, Slovakia - January 1, 2009.

Taiwan came up with a way to fight tax evaders

According to the Ministry of Justice, Taiwan, today defaulters owe the Internal Revenue Service more than 300 thousand dollars The Taiwan authorities forbid them to make occasional purchases amounting to more than 68 dollars now on, all expenses tax evaders will be controlled by the government. In addition to restrictions on the amount of one-time purchases, non-payers will be prohibited from such modes of transport like taxis and high-speed trains. Violation of the new law will be punished by imprisonment, reports IA inright.ru. This law was drafted last year after a local tycoon owes tax services about 10 million U.S. dollars

Saturday, August 27, 2011

The official exchange rate on January 11

According to the official website of the National Bank of Ukraine on January 11, National Bank has established the following official rate of hryvnia against foreign currencies: U.S. $ 100 - 795.8300 (10 January - 795.9000) 100 EUR - 1026.8594 (January 10 - 1041.9127 ) 10 RUR - 2.6221 (January 10 - 2.6224)

Ukraine refused to fat from Russia

Canada temporarily banned the import of pigs and other animals from the North-West Federal District of Russia in connection with the identification of pigs in the Leningrad region of African swine reported the State Committee of Veterinary Medicine of Ukraine. "In connection with the spread of African swine fever (ASF) in the Leningrad region, Russian Federation, temporarily prohibited from importation into Ukraine and the North-West Federal District of Russian Federation ASF susceptible animals, products, raw materials from them and feed" - says the decision Goskomvetmeditsiny on January 4, 2011. We recall the death of African swine fever in the Leningrad region was recorded on Dec. 31, 2010.

In 2011, the EU and Russia will fight for Ukraine, - the expert

Statement by the First Vice-Premier Andrei Klyuyev of finalizing a new agreement on free trade with the CIS until January or February should be viewed as a signal to Brussels on the availability of alternatives to Kiev cooperation with the EU as partners in the CIS in the comments Deutsche Welle said an analyst at the Institute of Euro-Atlantic cooperation, Vladimir Gorbach. He recalled that in January, is expected to a key round of talks with the European side about the free trade zone Ukraine-EU relations. And that Kiev was previously warned that the concessions do not go and expect concessions from Brussels. "This year will be the year of competition for the Ukraine between the EU and Russia. And who will be faster and more nimble to act, he also receives Ukrainian domestic market and resources for the integration project ", - said the expert. According to him, ideally, Ukraine would benefit from a free trade zone with the EU and the CIS. But the EU market "orders of magnitude more capacious and more diverse than the largely commodity markets of CIS countries". At the same time, Gorbachev called "all-important" terms on which will be entered into an agreement with both parties. In the case of the CIS expert recalled the successive elimination of Russia from the energy of such agreements, which are a key commodity for Ukraine. And limiting access to Ukrainian food and other goods to Russian markets. Earlier, the representative of the Ministry of Economy Vladimir Shevchenko said that in contrast to the existing free trade agreements with Russia, will be the new "fix all the exceptions and a timetable for their withdrawal." A deputy prime minister Klyuyev explained the delay in signing such an agreement, "the problems associated with the work of a single customs union and harmonizing regulations between Belarus and Russia, as well as Ukraine and Kazakhstan.

Belarus increase the tariff for transit of Russian oil

Belarus increases from February 1, the tariff for transit through their territory of Russian oil by 12,5%, according to reports today, the Ministry of Economy Balarusi. In this agency does not disclose the new rates of transit and said that the decision was taken "due to changes in economic conditions of oil supplies from the Russian Federation," RIA Novosti "Due to changes in economic conditions of oil supplies from the Russian Federation and its transportation through trunk pipelines, located on the territory of the Republic of Belarus, the Ministry of Economy of the Republic of Belarus adopted a resolution on December 30, 2010 № 194 "On tariffs for oil transportation through the pipelines of the republican unitary enterprise Gomeltransneft Druzhba and Novopolotsk Republican Unitary Enterprise Transport Druzhba oil on territory of the Republic of Belarus ", providing an increase from February 1, 2011 tariffs for transporting oil by 12,5% compared to the level of 2010," - said in a statement. Note that in 2010 Russia to supply oil to Belarus, with collection of 100% customs duty, which has repeatedly led to severe conflicts between Moscow and Minsk. Late last year, Russia agreed to cancel export duties for deliveries to Belarusian refineries in exchange for Minsk to ratify the agreement on creation of the Single Economic Space between Belarus, Russia and Kazakhstan. The Belarusian President Alexander Lukashenko called the new conditions of oil supply beneficial for the country and said that they would solve the country faces economic challenges.

Akhmetov's company won a court in Kyivstar

Rinat Akhmetov, the Economic Court of Kyiv satisfied the claim of the operator "Ucomline", which is part of the Telecom Group, Vega, controlled by businessman Rinat Akhmetov, for Kyivstar About this newspaper thing with reference to the Director General Farlep Invest (TM Vega) Yuri Chuikov. The subject of the claim of "Ucomline was the rates of access to network" Ucomline "of Kyivstar and from the network" Ucomline on Kyivstar network in the period from June 2010 to December 31, 2011. "The court's decision confirmed that the size of the payment rates for interconnection, which we offer for Kyivstar, is market and economically feasible," - says Chuikov. Recall that the negotiation process between the Vega and Kyivstar about the cost of interconnect lasted throughout 2010. To maintain the existing interconnection by mutual consent the agreement between the companies to continue for one calendar month. Telecommunications group Vega - the biggest non-state operator of the Ukrainian market of fixed telephony, which is included in the telecommunications business of SCM Group Rinat Akhmetov.

The official exchange rate on January 12

On January 12 the National Bank of Ukraine has established the following official rate of hryvnia against foreign currencies: 100 USD - 795.8200 UAH (January 11 - 795.8300 USD) 100 EUR - 1030.4277 UAH ( January 11 - 1026.8594 UAH) 10 RUR - 2.5986 USD (January 11 - 2.6221 USD).

Azarov - Fule: GDP growth in Ukraine up to 2010 will exceed 4%

Stefan Fule, and Mykola Azarov Prime Minister Mykola Azarov at a meeting with EU Commissioner for Enlargement and European Neighbourhood Policy, Stefan Fule said that GDP growth in Ukraine up to 2010 will exceed 4%, told the press secretary of Prime Minister Vitaliy Lukyanenko, UNIAN. "We will have more than 4% GDP growth", - quoted Azarov's press secretary. Note in the state budget of Ukraine for 2010 provided the GDP growth rate at 3.7%. The World Bank in December 2010 improved the forecast GDP growth of Ukraine in 2010 with 3,5% (July forecast) to 4.3%.

Chinese started an investment experiment in a single city

In the Chinese city of Wenzhou authorities are beginning to experiment. Residents of the city the first in the whole country got the right to invest the savings in foreign companies. But the list of these companies is low as described in a published statement by the Bureau of International Trade and Economic Cooperation of the city, residents of Wenzhou on a trial basis is allowed directly to invest their money abroad, that is, buying shares of foreign companies, Russia's Kommersant wrote. However, with severe restrictions. You can buy shares of companies only to those countries with which the People's Republic, there are diplomatic relations. Prohibited investments in financial companies and banks, metals and energy companies. In addition, you can not buy securities of companies engaged in the production of goods and services exports to China are banned. Finally, there are limitations in terms of investment. In a foreign asset can invest no more than 3 million dollars and total investment of all citizens in foreign assets can not exceed $ 200 million, however, even with these limitations, the experiment is an extraordinary step forward - yet the citizens of China's direct investment abroad were strictly forbidden, and the purchase of foreign currency in China was limited: in the year, a Chinese citizen can acquire not more than 50 thousand dollars of Wenzhou, which has a population reaches about 8 million people, located near Shanghai and has long been considered one of the commercially oriented and affluent cities in China.

Interbank: The euro gained three pennies

At the end of trading on the interbank foreign exchange market the euro has risen in price by 3 cent, the dollar changed little, according to the company InterBiznesKonsalting, trading in the euro resulted in a range 10,3265-10,3442 grn / euros, the dollar - 7.9660 - 7.9750 UAH / USD. trading in ruble - 0,2602-0,2604 UAH / USD. Recall now trades on the dollar on the interbank market opened in the range - 7,9615-7,9705 UAH / USD. Bidding on the euro were opened in the range 10,2965-10,3105 UAH / EUR, trading in ruble - 0,2598-0,2602 UAH / USD.

Tyhypko: do not rush to be afraid of a new head of the NBU

Sergey Arbuzov Deputy Prime Minister - Minister of Social Policy Tihipko, at one time held the post of head of the NBU, advises us not to fear the advance of the new central bank head Sergei Arbuzov This Tigipko told Focus. Plus Arbuzov Tigipko calls experience in the bank, even in the second fifty of the rating. "I am very glad that he came to the man who knows banks and the banking system. National Bank was a big problem is that some administrators and chief executives have not worked in the banking system and do not know of its problems ", - admitted the vice premier. "I am personally not familiar with the Arbuzov. But the first meeting that we held, show him a good outlook. I would have him in advance not afraid, and would be evaluated for performance I would have him in advance not afraid, and would be evaluated for performance "- summed up Tigipko. Full version of interview with Sergei Tigipko read the latest issue of the magazine Focus (on sale January 13). 34-year-old Sergei Arbuzov in December, was appointed head of the National Bank. Parliament proposed the candidacy of President Viktor Yanukovych. Prior to his appointment Arbuzov served as first deputy head of the NBU. Prior to joining National Bank Arbuzov was chairman of the board of Donetsk UkrBiznesBanka. Included in the rating of the 200 most influential Ukrainians in 2010 according to Focus. Arbuzov in banking circles, known informally as "multi-treasurer of the family of Yanukovych." Bankers say that the orbit of family-friendly Yanukovych includes 4 small banks, among them Ukrainian Development Bank.

The official exchange rate on January 14

According to the official site of the National Bank of Ukraine, on January 14, National Bank has established the following official rate of hryvnia against foreign currencies: $ 100 - 795.3300 (13 January - 795.8200) 100 EUR - 1049.7561 (13 January - 1032.4173) 10 ? - 2.6429 (on January 13 - 2.6179)

The official exchange rate on January 13

On January 13 the National Bank has established the following official rate of hryvnia against foreign currencies: 100 USD - 795.8200 (January 12 - 795.8200) 100 EUR - 1032.4173 (12 January - 1030.4277), 10 RUR - 2.6179 (January 12 - 2.5986).

Belarus has stopped importing Ukrainian beer

Belarusian importers of Ukrainian beer did not issue a license for 2011. In this regard, it supplies to Belarus are not carried out This was reported by the representatives of Ukrainian breweries Obolon and Slavutich. According to the decree the Belarusian government on December 21, Ukrainian malt beer by the end of 2012 will be introduced in Belarus on one-time license to be issued by the Ministry of Commerce in consultation with the Belgospishcheprom. To this end, Ukrainian beer producers have to agree with Belarus minimum prices for imported beer and sell it not lower these prices. As reported Telegraf.by, «Belgospischeprom offer the Ukrainian side to raise the minimum price for the products by 50-60%, the brewers insist that prices can not increase by more than 9%. Negotiations are continuing. Belarus has revised regulations for import of Ukrainian beer after the spring of 2010, local brewers have accused the Ukrainian side in the dumping.

Friday, August 26, 2011

MySpace will sell or restructure

Social network MySpace will soon be sold or restructured the staff of the company at a general meeting said the CEO of MySpace, Mike Jones, reports Lenta.ru. According to him, which owns social networking Corporation News Corp is considering several scenarios, including the sale of the whole MySpace, a merger with another company or division into several smaller companies. Earlier it was reported that MySpace had fallen by nearly half the staff - from 1,100 employees were laid off 500. For the 2010 audience MySpace, according to ComScore, decreased from approximately 108.1 to 81.5 million. In October 2010, MySpace made a site redesign to bring it to a younger audience. After updating the design sotsseti was established more than 3 million new accounts, in addition to the site of the old audience back. Fall from MySpace, most experts associated with the growth of competitors, especially Facebook.

Tyhypko: in 2011, will be economic growth

Tihipko In 2011 in Ukraine can expect economic growth This is Deputy Prime Minister - Minister of Social Policy Tihipko said in an interview with Channel 5. "We are already seeing the success of economic growth. In 2011, expect a positive outcome. We at least get the same growth as in 2010. I admit that it will be even more "- quoted an official press office of the Cabinet. According to Tyhypko, Ukraine's economy is already positive trends: "In a state clearly improves the situation. For example, the unemployment rate: in early 2010 was at 9.1% and now stands at 8.5%. Seven times fewer so-called leave. Also halved the number of people who work part-time. " Commenting on the results of 2010, Deputy Prime Minister said that this year gave a start to real economic reform: "We have begun deregulation, tax and administrative reform, prepared a new Budget Code, made proposals for changes in pension legislation. Also launched the construction and reform of the Customs Code is being finalized. " In addition, Tyhypko said that today the key areas of social policy is to reform the pension system, labor laws and system of providing benefits.

The official exchange rate on January 10

January 10, National Bank of Ukraine has established the following official rate of hryvnia against foreign currencies: 100 USD - 795.9000 UAH (on January 6 - 795.9000 USD) 100 EUR - 1041.9127 UAH ( on January 6 - 1051.6227 UAH) 10 RUR - 2.6224 USD (6 January - 2.6224 USD).

Wikileaks about Gazprom: company inefficient and corrupt

Exemplary concern "Gazprom" in fact turned out to be inefficient and corrupt company, whose activities are subject to a political system in Russia this opinion U.S. Embassy in Moscow. Records of the embassy issued a site WikiLeaks and share them with the German weekly Der Spiegel. In the reports of diplomats in 2009 stated that the situation in the Group consists not in the best manner. Production and sales decline, decline in income leads to abandon investment. Problems are long-term, as gas demand falls, including in Europe, where additional measures are taken to improve production efficiency. Virtually no possibility of finding new markets and in the former Soviet Union. For example, Ukraine is almost halve gas purchases. But the U.S. market, which had great hopes Miller, more domestic demand by increasing production of its own gas. As reported by Deutsche Welle, the biggest issue of concern, U.S. diplomats have called his own over-inflated structure. Gazprom may not be competitive now, despite the fact that Russia has the world's largest reserves of natural gas "- the report says. Conclusions of Americans rather disappointing: "Gazprom" has to act in the interests of their political masters - even when it contradicts the economic interests. In particular, the concern is forced to transfer money to the "many private accounts and to fund" dirty deal ". However, concrete evidence of these allegations in the dispatches of U.S. diplomats is not given, said Der Spiegel.

The world-famous coffee house chain removes the logo the word "coffee»

Old logo of Starbucks coffee Starbucks Network unveiled a new logo, which will not appear on the title and the word "coffee." The emblem of the company will only have a green mermaid with two fish tails logo change is due to the company's plans in the future to sell not just coffee. "Perhaps in the cafe will be other products under our brand, but do not contain coffee" - said in a statement, Starbucks. The new logo StarbucksKak reports BBC, some experts on branding the idea of ??an ill-considered. "In my opinion, nonsense kind of - he shared his opinion CEO of consulting firm Core Brand James Gregory. - What it will be like: coffee, formerly known as Starbucks? ». Starbucks-the largest international network of stores. Today it has more than 16 thousand points in 49 countries. In the past, Starbucks has changed the logo, but since 1992, when the company entered the New York Stock Exchange, it makes it the first time. The history of Starbucks has 4 decades. It all started in 1971 in Seattle, where teachers Jerry Baldwin and Zev Ziga, and writer Gordon Bowker opened a shop selling coffee beans. A little more than a decade ago, in the range of Starbucks appeared espresso. Now besides coffee, branded Starbucks has already started to sell ice cream, and in some institutions, networks in the United States consider the possibility to include in the menu, wine and beer.

Naftogaz has paid off with Gazprom

"Naftogaz Ukraine" has paid off with the Russian gas monopolist company - Gazprom for imported natural gas in December, According to "Ukrainian News", "Naftogaz transferred to Gazprom more than 1.078 billion dollars. The price of natural gas in the fourth quarter of 2010 amounted to about 253 dollars per thousand cubic meters. Naftogaz, according to the contract, shall be calculated with Gazprom to 7 of the month following the month of imports.

China to invest in North Korea $ 2 billion

Chinese state-owned Shangdi Guanqun Investment agreed to invest two billion dollars in the free economic zone in the North Korean city of Rason According to South Korean media representatives Shangdi Guanqun Investment signed a memorandum of understanding with North Korea's Investment and Development Group December 20, 2010. The main purpose of the parties, according to the document, is the transformation of BMS Rason the largest industrial area of ??Northeast Asia over the next ten years. According to the representative Shangdi Guanqun Investment, primarily in the territory of FEZ in Rason is supposed to build a plant for processing of coal, railway, highway and port. It is assumed that the first phase of the Chinese company will invest in EPZs than $ 300 million, reports Lenta.ru. Rason City in 1991 received the status of special economic zone. In January 2011 the North Korean authorities issued an order awarding Rason status of "special city" where most of the restrictions on doing business will be charged. Shangdi Guanqun Investment was founded in 1995 by the Chinese authorities. The company specializes in processing crude oil, minerals, and international financial services. North Korea's Investment and Development Group is responsible for developing the country's EPZs. In addition to Rason, North Korea, there are three more special economic zones: in Kaesong, Sinychzhu and the area of ??Mount Kumgang.

Market threatens food price shock

The global economy is waiting for "sticker shock" for food that can subsequently create a global food crisis. This statement was made by the Food and Agriculture Commission of the United Nations (UN FAO) The reason for the application will increase the index of agricultural commodities FAO. In December, a nominal record was set: figure exceeded the level of 2007-2008, when the world was recorded food crisis. It is reported K2Kapital. According to a senior economist at FAO in Rome Abdolreza Abbassyana, it would be foolish to believe that prices continue to stop its growth. In many developing countries, including China and India, inflation has become a major economic and political problems, he said. Growth index FAO Agricultural Commodities economists explain increased production of maize and maize, as well as sugar, butter and meat. For the economy of the poorest countries, these products are less important than, for example, rice, the price of which decreased almost twice - up to 535 dollars per tonne.

Market threatens food price shock - the UN

The global economy is waiting for "sticker shock" for food that can subsequently create a global food crisis. This statement was made by the Food and Agriculture Commission of the United Nations (UN FAO) The reason for the application will increase the index of agricultural commodities FAO. In December, a nominal record was set: figure exceeded the level of 2007-2008, when the world was recorded food crisis. It is reported K2Kapital. According to a senior economist at FAO in Rome Abdolreza Abbassyana, it would be foolish to believe that prices continue to stop its growth. In many developing countries, including China and India, inflation has become a major economic and political problems, he said.

Ukraine has banned poultry imports from France

The Ukrainian authorities have banned imported poultry products and raw materials from it from the French Brittany Goskomvetmeditsiny decision on this matter was taken on January 6. According to the International Office of Epizootics, Newcastle disease was reported in birds in the Cote d'Armor department of Brittany. At the same time, imports from France of other goods, controlled by the State Service for Veterinary Medicine, should be carried out according to veterinary requirements for imports into Ukraine of objects of state veterinary and sanitary control and supervision. Recall Ukraine temporarily banned the import of pigs and other animals from the North-West Federal District of Russia in connection with the identification of the Leningrad region of African swine. For the same reason Ukraine is to prohibit the import of poultry from Israel, but allowed - from Spain and Brazil, with the ban on imports of Brazilian poultry was introduced in 2000 and extended several times.

National Bank has warned against the use of the system WebMoney

The National Bank warned against working with the system WebMoney Transfer. In NBU emphasize that this system is not compatible with our rules of the National Bank National Bank of Ukraine made a request to the banks, but no agency has reported a partnership with WebMoney Transfer. Along with this, in an interview with the media company's management said that its activities based on the banking infrastructure. National Bank has recommended that banks and nonbank financial institutions in Ukraine to inform their customers that, for security payments should be made through secure system - that is, those that have harmonized their rules work in NBU. As the press service of the NBU, as of January 1 National Bank agreed on the rules of the eight payment systems established by banks (Avers, "Grinvіch", "Shvidkі groshі", "Soft", "Metalkart", "Aval Expres», PrivatMoney, «Lastіvka" ), and five of payment systems developed by non-bank institutions ("Fіnansovy World", "Rozrahunkova Stock System, Poshtovy perekaz", "ІnterPeyServіs", "GlobalManі).

The official exchange rate on January 17

On January 17 the National Bank has established the following official rate of hryvnia against foreign currencies: $ 100 - € 100 795.0300 - 1061.2855 10 rubles. - 2.6542

Thursday, August 25, 2011

Interbank: The euro dropped 9 cents, a dollar - a penny

At the end of trading on the interbank foreign exchange market the euro has fallen by 9 cents, the dollar fell by a penny, according to the company InterBiznesKonsalting, trading in the euro resulted in a range 10,5821-10,5994 grn / euros, the dollar - 7.9420 -7.9505 grn / dollar, the ruble - 0,2647-0,2649 UAH / USD. Recall now trades in euros open range 10,6735-10,6895 grn / euros, the dollar - 7,9540-7,9650 grn / dollar, the ruble - 0,2653-0,2658 UAH / USD.

This year, the arrested property will sell 6 companies

Ministry of Justice of Ukraine in the tender has selected six companies to be granted the right to sell property under arrest in 2011 UNIAN was informed about the press service of the Ministry. According to the report, the winners of the tender were: PE Niva - VS, PE "The specialized enterprise" Justice ", OOO" TD Elite Service "," Trading House "Ukrspetsrealizatsiya, LLC Yunor LLC and Kay Stone . Total number of tenders involved 19 candidates. In this case, four of the selected companies have already carried out the arrested state executor of the property in 2010. When considering applications to assess whether the company qualified professionals, including specialists in selling real estate, valuation, commodity, determine the willingness of the applicant to carry out the implementation of all seized property - both liquid and illiquid, and check the remaining conditions, which are fixed in position on the conditions and procedures for tendering, by definition, specialized organizations for the implementation of an arrested state executor of the property: the existence of storage facilities for equipment, transportation, lack of debts to the Ministry of Justice for the realization of confiscated in previous periods and so on.

In Germany, found another manufacturer of feed with dioxin

Another manufacturer of feed for animals with high levels of hazardous substance dioxin was found in Germany because of the ban on the trade received a further 934 agricultural enterprises, in addition to 4,7 thousand enterprises have already closed, according to RIA Novosti. The so-called "dioxin scandal broke in Germany last week. It turned out that in feed for pigs and poultry fell dioxin. Because of fears that produced on the farm eggs and meat may be contaminated with a hazardous substance, the authorities impose restrictions on trade in goods. Brands of food fats with dioxin is a company Harles & Jentzsch, its leader Siegfried Sievert faces a sentence of imprisonment for a period of several years. The company has already filed for bankruptcy. Slovakia and China has already banned the sale of poultry meat from Germany. Experts believe that dioxin was a part of means to protect plants from pests. Processed plant, in turn, are included in animal feed. According to German authorities, the content of dioxin, which were manufactured in the country are infected chicken and pork, is not harmful to people and farms are closed only as a precaution. In connection with the scandal Minister of Agriculture of Germany Ilse Aigner presented in Berlin, a ten-point plan designed to ensure tighter control over the production of animal feed in the food industry.

Pirates have cost the world economy 12 billion dollars

Damage to the world economy from maritime piracy in 2010 amounted to 7 billion to 12 billion dollar company around the world were forced to buy additional insurance, and raise tariffs on shipping due to rampant piracy in 2010. According to the report of the Royal Institute of International Studies (Chatham House), this resulted in a loss to the world economy of $ 7 billion to 12 billion dollars, writes Vedomosti. According to the report's authors, almost all the losses - 95% - of the world shipping is applied Somali pirates. Next, in descending order, followed by the robbers, operating off the coast of Nigeria, Guinea and in the Malacca Strait. The authors estimate the report, the damage from sea piracy worldwide increased five times compared with 2005, with certain articles of the damage experienced rapid growth. Thus, the average size of repayment of the vessel in 2010 was 6.4 million dollars compared with 3.4 million dollars in 2009 and 150 thousand dollars in 2005. Global shipping companies have been forced to resort to bypass the pirate waters of approximately 10% of the regular lines. This leads to their elongation and the direct rise in the cost of freight. For Egypt, it meant a loss of about 20% of charges for the passage of the Suez Canal. In calculating the damages took into account other factors, including cost of operation of warships, which were sent to protect the global shipping from pirates.

Bankers offer a plan B to deal with the crisis

Bankers from Deutsche Bank have developed special measures to combat the debt crisis in Europe, which they called "Plan B". As noted by Bloomberg, the basic idea of ??the plan lies in the fact that the European Central Bank began to perceive the commercial financial institutions as allies. In particular, Deutsche Bank offers to set privileges on collateral for commercial banks, if they buy bonds of countries most affected by the debt crisis, such as Spain, Italy, Portugal or Ireland. According to the German bank, this will create demand for high-risk bonds. Thus, the financiers plan to unload the European Central Bank, who is forced to buy the paper to ensure that they demand. According to ECB President Jean-Claude Trichet, just last week, Europe's financial regulator was forced to buy bonds to two billion euros. And since May, the ECB has acquired the securities of 69 billion. Bloomberg notes that Deutsche Bank, for its part, by the end of March 2010 has invested in bonds Portugal, Ireland, Italy, Greece and Spain for more than 10 billion euros. Debt crisis erupted in Europe in early 2010, when Greece was the brink of default. For the salvation of Greece, the EU and the International Monetary Fund organized a special stabilization fund (European Financial Stability Facility, EFSF). At the end of the year means EFSF benefited Ireland. The market had feared that difficulties with debt servicing may also occur in Spain and Portugal, but both countries said they did not intend to seek help from the IMF.

MPs banned from privatization of Odessa Film Studio

Parliament banned the privatization, alienation, transfer of mortgage and payment of the charter capital of business companies state-owned shares "Odessa Film Studio," The law was voted in the parliament. As reported informupravlenie Verkhovna Rada, the moratorium on privatization and the alienation of shares is entered for an indefinite period - before the law is adopted to ensure conditions for the restoration of Ukrainian cinema. The relevant law Cabinet tasked with developing a three-month period and submit to the Verkhovna Rada.

The price of coffee has reached the maximum 34 years

The price for a pound of coffee (about 0.45 kg) exceeded $ 3 for the first time in 34 years price increase is caused by poor harvests of coffee varieties of Arabica and the growing demand for quality coffee from the middle class in developing countries - India, China, Indonesia and Brazil. Coffee prices in the last 7 months have doubled and are expected to further increase due to the reduction of world reserves. According to the International Coffee Organization, coffee stocks reached 50-year low, reports Lenta.ru referring to The Guardian. Coffee on the shelves may significantly increase in price, while the increase in coffee prices is not noticeable because of the low share of coffee in the price structure. The last time the price of coffee reached $ 3 per pound in 1977, when, due to frost in Brazil was a crop failure. Brazil is the largest coffee producer, accounting for about 1 / 3 of all coffee is grown in the world.

Euro on the interbank market fell slightly

At the end of trading on the interbank foreign exchange market the euro fell nearly a penny, the dollar changed little, according to the company InterBiznesKonsalting, trading in the euro resulted in a range 11,3356-11,3466 UAH / EUR, trading in the dollar - 7 9765-7,9800 UAH / USD, trading in ruble - 0,2822-0,2823 UAH / USD. Recall now trades in euros open range 11,3425-11,3515 grn / euros, the dollar - 7,9720-7,9770 UAH / USD, trading in ruble - 0,2822-0,2825 UAH / USD.

Banks are ready to deploy again potrebkreditovaniya and raise interest rates on deposits long

Despite the comic promise, that "before the crisis - will be just before the next crisis, the banking system is gradually emerging from the lethargy and is preparing to resume lending. However, prior to the real sector of money will not just because of the increasing demands of borrowers and the precariousness of businesses. But physical persons already fully qualify for regular unsecured refrigerator. Since January showed that the banking system still continues to experience excess liquidity, and the placement of funds in active operations have not kept pace with the attraction, experts predict a reduction in deposit rates on the market within the next two to three months. Of hryvnia deposits downward movement of 1% (up to 13-13,5%) and approximately 0.5% may lose their deposits in foreign currency (up to 6,5-7% for deposits in U.S. dollars and up to 5,5-6 % - EUR). The average length of resources, which generates today's banking system - eight or nine months. And as in recovering credit activity mainly need to create a resource base of urgency for a year and a half, and sometimes two, on the market now dominate the strategy of attracting, stimulating location for long periods. "The stakes are now working on literally bookish scenario - the longer the maturity, the higher rate", - said Ruslan Kravets, head of credit products to OTP Bank. Long deposits (365 days +) while still offering a lower percentage (than annual), which explains the reluctance to overpay. "The contract can be signed for six years and during this period, rates may fall by 3-5%, as can be, and all of 6-7%.

Interbank: The euro gained 10 cents

To mark the opening of trading on the interbank foreign exchange market the euro has risen in price by 10 cents, a dollar - for a penny, according to the company InterBiznesKonsalting, trades on the euro on the interbank market opened in the range 10,5425-10,5555 UAH / EUR, trading in the dollar - 7 ,9620-7, 9705 UAH / USD, trading in ruble - 0,2610-0,2614 UAH / USD. Yesterday the auction for the euro on the interbank market ended in the range 10,4398-10,4530 USD / EUR trades on the dollar - in the range 7,9570-7,9625 UAH / USD, trading in ruble - 0,2611-0,2613 UAH / USD.

Interbank opened the fall of the euro

Bidding on the euro in the interbank foreign exchange market opened in the range 10,4530-10,4665 grn / euros, according to the company InterBiznesKonsalting, opened trading on the dollar in the range 7,9660-7,9745 grn / dollar, trades hack - 0,2620-0,2624 UAH / USD.

The bank Nadra left a temporary administration

Sergey Arbuzov National Bank decided to extend the interim administration in the bank "Nadra". This was stated by chairman of the National Bank of Ukraine Sergey Arbuzov February 11 marks two years since the bank was a temporary administration. According to Arbuzov, the administration is left: this will allow good control over all processes in the bank until the final restoration of his work. " As the press service of the NBU, returning deposits to customers of the bank "Nadra" fully expected "after the completion of a capital increase of the bank." Arbuzov hopes that the money will come to the bank of the private investor: "The National Bank has approved a plan of capitalization, with the participation of the private investor. Although we do not exclude the provision of public funds. " For two years the bank complied with its obligations to clients around 9 billion USD, restructured debt of approximately $ 900 million. In 2010, the Bank has worked with profit.

NBU sold Feb. 10 bank certificates of deposit of 260 million USD

The National Bank of Ukraine (NBU) on February 10 this year Banks sold their certificates of deposit totaling $ 260 million UAH. This was reported on the website of the National Bank. NBU sold certificates of deposit to one bank of 20 million USD for 14 days under 2.5% per annum, two banks of 120 million USD for a period of 29 days under 3% per annum, as the two banks of 120 million USD for 57 days under 4% pa . The volume of interbank market amounted to 3.8 billion USD, while the weighted average interest rate was 2.6%, including on overnight loans - 1,8%. As reported, sales by the National Bank of its certificates of deposit in January of this year amounted to 9.7 billion USD, the volume of refinancing operations - 7,9 million UAH. According to UNIAN

Wednesday, August 24, 2011

AMC authorizes the company to buy Bank of Akhmetov

Rinat Akhmetov, Ukraine's Antimonopoly Committee has allowed the company SCM finansial overseas limited (Cyprus) to acquire shares of JSC "Bank Renaissance Capital" (Kiev), the press office of AMC. SCM owns and controls assets in mining, energy, telecommunications, banking, insurance, media as well as in retail and real estate. SCM Group includes Metinvest Holding, DTEK telecom group Vega, «Segodnya Multimedia, TRK Ukraina, ESTA Holding," Ukrainian Retail and others. 100% of JSC SCM belongs to Rinat Akhmetov.

A new form of book income and expenses

STA approved: - the form of books of income and expenses to determine the amount of total annual taxable income, which are taxpayers required to file a declaration or entitled to such representation to the return of overpaid taxes, including the application of the right to tax credit. - Conduct of business income and expenses to determine the amount of total annual taxable income. Order of the STA from 12.24.1910, № 1022 will come into force from the date of publication.

The head of Barclays Group received a bonus of more than $ 10 million

The British banking group Barclays has reported on the payments to top management for 2010. A total of 231 managers to 554 million pounds (nearly $ 900 million), an average of 2.4 million pounds each, reports The Guardian. The highest-paid banker Britain became executive director of Barclays Group, Bob Diamond. Only bonus up to 2010 was 6.5 million pounds (10.4 million dollars). However, Diamond set, and other payments, as they depend on the performance of long-term plans of the company. In particular, by the end of 2010 the head of the group laid 2.25 million pounds for the implementation of the development plan, the payment must be made within three years. He also rely shares worth 7 million pounds as a result of transactions concluded in 2007. From the report also shows that one of the Executive Directors of Barclays Capital Jerry del Mise owns shares in the group worth 33 million pounds that the top manager has received as pay for performance deals in the last 5 years. Barclays also said that "one person" got up to the 2010 salary and bonuses in the amount of 10.9 million pounds, two - to 10.6 million, three - 7,8, 5,2 and 3,7 million respectively. Source: BFM.Ru

Chinese central bank for the third time this year that raises reserve requirements for banks

The People's Bank of China (China's central bank) announced an increase from March 25 of the required bank reserve ratio on deposits by 50 basis points, Bloomberg reported, citing the press release of the Central Bank of the country. At present, reserve requirements for major Chinese banks constitute 19.5%. Chinese Central Bank raised banks' reserve requirements for the third time since the beginning of this year as part of measures to combat inflation. The last increase by 50 basis points came into force on 24 February. Source: Finmarket

China raises reserve requirements for banks by 0.5 percentage points

The People's Bank of China raises reserve requirements for banks by 0.5 percentage points, Bloomberg reported, citing the press release of the Central Bank of the country. The last time China announced to raise reserve requirements for banks (by 50 basis points) since January 20, 2011. Raising reserve requirements is regarded as part of efforts by Chinese authorities to reduce inflation and prevent economic overheating. Consumer inflation in China accelerated in January to 4,9% from 4,6% in December. Source: Finmarket

PBOC raises interest rates

The People's Bank of China is the second time since the beginning of this year, raises interest rates on an annual loans and deposits in national currency by 0.25 percentage points, according to a statement posted on the site of the Chinese Central Bank. As a result, the base rate from 6 April 2011 on the annual deposits was 3.25% for loans - 6.31%. The first rate increase this year to combat accelerating inflation at 0.25 percentage point was made in February this year. Previously, rates were raised in October and December 2010. In March, the People's Bank of China has once again raised the reserve requirements on banks for deposits in national currency by 0,5 percentage points. Fighting inflation is declared by the Chinese authorities priority of economic policy in 2011. In 2010, inflation exceeded the target of 3% and amounted to 3,3%. In February this year, inflation reached 4.9%. Chinese authorities announced their intention to keep inflation in 2011 at around 4%, but according to some economists, to achieve this would be difficult. Adviser to the Chinese Central Bank, Professor of Tsinghua University Li Daokuy previously suggested that inflation in 2011 will reach 5%. On materials RIA Novosti

Fitch has assigned a planned bond issue Pravex Bank Series E and F to 500 million hryvnia to the expected rating of B + (exp)

International rating agency Fitch has assigned a planned bond issue Pravex Bank Series E and F to 500 million hryvnia to the expected long-term rating of B + (exp). This is stated in the message Fitch. The agency also assigned a rating according to Securities and Recovery RR4 rating AAA (ukr) (exp) on a national scale. The final rating bonds Pravex Bank Fitch plans to assign after receiving the final documentation for the transaction. In accordance with a rating scale of Fitch, the ratings of group B means the presence of certain credit risks with a limited margin of safety. Bonds Pravex bank of the E series will be released on 200 million hryvnia. Placement papers of this series will be held from 25 May 2011 to May 24, 2012. The maturity date - May 22, 2013. Series F Bonds will be issued to 300 million hryvnia. Placement papers of this series will be held from August 28, 2011 on August 24, 2012. The maturity date - August 21, 2013. As reported, as of January 1, 2011 assets of Pravex Bank amounted to 5 655.5 million hryvnia, loans and advances to customers - 5 045 900 000 hryvnia, equity - 890.7 million hryvnia. The bank ended 2010 with a loss of 188.413 million hryvnia. 100% of shares of public joint stock company Pravex bank owns an Italian bank Intesa Sanpaolo. According to materials of the Ukrainian News

Transparency of the banking system improved?

Experts believe that the transparency of the banking system of Ukraine will increase as a result of enactment of the Law of Ukraine "On amending some laws of Ukraine" (regarding the regulation of banks), adopted by the Verkhovna Rada of Ukraine on 15 February. g. As noted in UNIAN comments member Council of Entrepreneurs under the Cabinet of Ministers of Ukraine, the former head of the advisory group to the National Bank of Ukraine Viktor Lissitzky, the level of transparency of Ukrainian banks have to increase significantly after the introduction of amendments to the Law "On Banks and Banking". In his view, the banks - this is the social institution, which should closely controlled society and the controller, represented by the National Bank should have the appropriate authority for such monitoring. "Today, the authority of the NBU is higher than that of other regulators of the market", - said V. Lissitzky. In view of this expert commends allowed National Bank the right to obtain and verify information on the business reputation and financial status of the founders and owners of banks (in accordance with changes to the art. 34 of the Law "On Banks and Banking Activity"). Also V. Lissitzky welcomes the amendment to Art. 56 of the Law "On Banks and banking, which requires banks to "permanently placed on the website of the bank to-date information about the owners a substantial stake in the bank." As noted in the commentary UNIAN Head of Analysis and Research "Raiffeisen Bank Aval Dmitry Sologub, disclosure of ownership banks - a positive fact, and the need for such a move was discussed in the banking community long ago. "Improving transparency of the banking system of Ukraine is one of the requirements of international financial institutions, in particular, the International Monetary Fund", - said the expert.