NBU has become hostage to its own policies

The National Bank of Ukraine is a hostage of its own policy of "monetary anchor" in which the emission parameters are determined not in the offices of the NBU, and the currency market. Such an opinion in an interview with The Mirror of the Week "stated the former head of the NBU Council Anatoly Galchinsky. According to him, now devalued one of the main instruments of monetary policy the central bank and must be spoken openly, because last year 99.4% growth in money supply amounted to operations in the foreign exchange market (in the balances indicators). In this situation, can not but worry and more, said A. Galchinsky: NBU limits its ability to perform one of its basic functions - to act a lender of last resort ". For example, he explains, the emission resources absorbed by the currency market. "From this suffering from the banking system, the economy in general" - lamented the former head of the Council of the National Bank. Another negative factor A. Galchinsky calls that loses its effectiveness and a key indicator of monetary policy - NBU discount rate. "In the West - is a key instrument of economic regulation," - he says. Responding to a question about "rolls over" we issue or not, A. Galchinsky as, of simple optimality criterion is proposed to use emission rate of inflation. "Last year, inflation was lower than projected. Draw your own conclusions," - he says. However, stresses the economist, is important and another indicator - the level of monetization (the ratio of broad money to GDP): "If it is below the optimal size, then a certain lag larger issue." "In the context of the discussion premiers (Azarov, Tymoshenko) can be called and the following figures: in 2005, while prime minister Yulia Tymoshenko, the money supply increased by 54,3%, which, naturally, could not but influence the inflationary pressures.

Banks focus on "long" contributions

During 2010, the tendency to reduce the demand for deposits of up to 30 days, and financial institutions to direct efforts to raise funds of depositors for a period of 12 months or more. About this LIGA.Finansy to Sergei Mishta, chairman of the AO Brokbusinessbank. According to him, this trend is due to stabilization of the situation in the banking sector and return of depositor confidence in their preference for a more "long" terms of deposits. The banks will continue to encourage investors. In the priorities - with large deposits of maturity, with increased income for them, because lending institutions are needed in the first place, long resources. The credit market will grow through increased corporate lending. Among the main subjects of the loan will be, first of all, large corporate business, has kept its credit profile during the crisis period, and medium-sized businesses, which will seek to withdraw to pre-crisis sales, says banker. "The requirements for borrowers in this case will be tougher, - S. Mishta. - One of the main criteria, apart from the pledge, would be considered the borrower's financial position and prospects of its development." Source: LІGA.Finansy

"Too-big-to-fail-banks" will be subject to special regulation

Banks, on which depends the stability of national banking systems, may be subject to special regulation, the chairman of the Basel Committee Nout Wellink, the words quoted by Bloomberg. Financial Stability Board (Financial Stability Board, FSB), created by the participating countries G20 to find ways to prevent future crises, "put on the agenda the question of how to deal with the banks, whose failure threatens the stability of the financial system of the whole country, said H . Wellink, who is also head of the Central Bank of the Netherlands. According to him, national regulators should also consider adopting "appropriate measures". By mid-2011 FSB will publish the first list of so-called "too-big-to-fail-banks", or banks, the collapse which threatened the stability of financial systems across the country. By the end of this year's FSB will also offer concrete measures that will address the problem of "too-big-to-fail-banks". In particular, we may have additional capital requirements of system of financial institutions or obligation to place a certain amount of bonds, which if necessary could be scrapped or converted into shares. In addition, such banks may also be subject to special restrictions on the volume of transactions with one counterparty. Source: Finmarket

Moody's Investors Service downgraded to Ukraine

Ukraine's GDP growth will slow, inflation will accelerate, the national debt will grow, but slightly reduced the consolidated budget deficit forecast acted with such international credit rating agency Moody's. According to forecasts of GDP growth in 2011 will be 4% (previous year - 4,2%), inflation - 11% (9,1%), the consolidated budget deficit - 4% of GDP (previously -6%), the national debt - 40, 5% of GDP (end 2010 - 40%). As reported by Interfax-Ukraine, the Ukrainian side a strong credit agency assigns a relatively low level of government debt and a well-educated workforce with low wages, while the credit problems are the uncertainty of the current IMF program, and exposed to stress the banking system because of the large external debt and weak economy. Moody's also points to the lack of predictability of policies that lead to impotence structural reforms. The outlook on the Ukrainian banking system remains negative, reflecting the very high level of NPLs, which is unlikely to decline substantially in the near future, and the suppression profitability. In the State budget of Ukraine for 2011 laid down the GDP growth at 4.5% inflation rate - 8,9%, the budget deficit - 3,08% of GDP.

International Agency downgraded to Ukraine

Ukraine's GDP growth will slow, inflation will accelerate, the national debt will grow, but slightly reduced the consolidated budget deficit forecast acted with such international credit rating agency Moody's. According to forecasts of GDP growth in 2011 will be 4% (previous year - 4,2%), inflation - 11% (9,1%), the consolidated budget deficit - 4% of GDP (previously -6%), the national debt - 40, 5% of GDP (end 2010 - 40%). As reported by Interfax-Ukraine, the Ukrainian side a strong credit agency assigns a relatively low level of government debt and a well-educated workforce with low wages, while the credit problems are the uncertainty of the current IMF program, and exposed to stress the banking system because of the large external debt and weak economy. Moody's also points to the lack of predictability of policies that lead to impotence structural reforms. The outlook on the Ukrainian banking system remains negative, reflecting the very high level of NPLs, which is unlikely to decline substantially in the near future, and the suppression profitability. In the State budget of Ukraine for 2011 laid down the GDP growth at 4.5% inflation rate - 8,9%, the budget deficit - 3,08% of GDP.

NBU sold on April 4 banks certificates of deposit at 86 million hryvnia

The National Bank on Monday, April 4, the banks sold their certificates of deposit totaling $ 86 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 2 days at the weighted average interest rate of 0.2% per annum 1 bank in the $ 36 million hryvnia, and for 14 days at the weighted average interest rate of 2.5% per annum 1 bank $ 50 million hryvnia. As reported, the NBU April 1 banks sold their certificates of deposit totaling $ 1,198 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 February, the National Bank to regulate liquidity mobilized (attracted) to banks for a total of 16,049 million hryvnia. In January-February, the NBU has attracted 25,764 million hryvnia to banks. In 2010, the National Bank attracted 248,097 million hryvnia to banks. NBU shall deposit auctions to withdraw from the market of money to spare. Materials: Ukrainian News

NBU will be printed with the signature of the hryvnia Arbuzov

The National Bank of Ukraine has decided to release in 2011-2012 banknotes of all denominations of the sample 2003 and subsequent years with the signature of the head of the National Bank Sergei Arbuzov says the decree NBU № 55 dated March 4, 2011, UNIAN reports. "... Release within the planned production and to issue bank notes of the sample 2003 and subsequent years of release signed by the chairman of the National Bank of Ukraine Sergey Arbuzov and displaying them on the release, including the face value of 1 hryvnia - September 1, 2, and 500 hryvnia - with December 1, 5 and 200 UAH - from 1 November 1910 to UAH - from 1 July 1950 to UAH - June 1, 2011, 20 and 100 UAH - from 1 March 2012 ", - said in a statement. Ukrainian banks should ensure that the banknotes from the clients 1, 2, 5, 10, 20, 50, 100, 200 and 500 UAH samples of previous years, registration and issuance of (besides the issue of banknotes of the samples up to 2003) without any restrictions in the manner prescribed by the regulatory and regulations of the National Bank of Ukraine.

Moody's ratings outlook has improved, "Privatbank"

International rating agency Moody's ratings outlook has improved, "Privatbank" from "negative" to "stable" financial stability "D" rating and long-term deposits in national currency "Ba3". This is stated in the report of the agency. PAO CB "Privatbank" was founded in 1992 and is included in Group I banks estimated at NBU.

Ukraine, and Vietnam will be friendly investments

President of Ukraine Viktor Yanukovych and President of the Socialist Republic of Vietnam Nguyen Minh Triet signed a joint declaration on the development of comprehensive cooperation and partnership between Ukraine and Vietnam. According to the press office of the Presidential Administration. Also, in the presence of heads of states signed a number of bilateral documents, including Memorandum of Understanding between the State Agency for Investment and management of national projects in Ukraine and Vietnam Agency for Foreign Investment. Also signed agreements on cooperation between the National Bank of Ukraine and the State Bank of Vietnam on cooperation in agriculture, in education, in the field of metrology and standardization. The President Viktor Yanukovych invited in 2011 to visit Ukraine president of Vietnam, Prime Minister and Chairman of the National Assembly of Vietnam. According to him, these visits will promote the development of business and friendly relations between Ukraine and Vietnam. "I hope the fall of 2011 in Ukraine will be held XII meeting of the joint intergovernmental commission to prepare a wide range of issues that come into our overall plan of action" - said the President. According to him, Ukraine and Vietnam have significant potential for developing trade and economic relations in a number of industries. "We see tremendous untapped potential of our trade and economic relations" - said Viktor Yanukovych. He noted a mutual desire on both sides to develop cooperation in such fields as engineering, nuclear energy, agriculture, military, education, science and technology, as well as in cultural and humanitarian spheres.

NBU does not make unsecured emissions - V. Litvitsky

The National Bank of Ukraine (NBU) does not hold unsecured issue. This was stated by leader of the group of advisers NBU Valery Litvitsky, the correspondent of RBC-Ukraine. B. Litvitsky recalled that issue - is the release into circulation of money. Emissions, in particular, made through the purchase of foreign currency through the work of the securities. He stressed that the issue has nothing to do with the inclusion of the printing press. " "Unsecured issue may not be from the National Bank because it is prohibited by law. If we have any printed money releasing into circulation, they are secured or buying currency or securities of the government, backed by the whole country," - said the head of advisory group head NBU. According to V. Litvitsky, net credit issue on the results of January of this year amounted to 1,8%. He also added that the correspondent account as of February 1, amounted to 20 billion USD, while money supply increased by 0.6%. Source: RBC-Ukraine

Yaroshenko confident that Ukraine is not threatened with default

Head of the Ministry of Finance Fedor Yaroshenko excludes defaulted Ukraine. He stated this during a press conference in Donetsk. "We have absolutely no reason to make such estimates," - he said, adding that our country is not experiencing a cash deficit. "We now have sufficient financial resources, and we service their debt obligations without any problems," - noted the Minister. He also added that at the end of last year to the treasury account was more than 25 billion USD. In this case, the previous government led system of public finance in a highly unbalanced state. "When I became minister of finance ... and worked for a week ... I saw that the accounts have no money. Coffers completely empty. The debt load was extremely high and the system is unbalanced," - said F. Yaroshenko. As we know, the experts of the American edition of Business Insider Ukraine made the list of 18 countries facing default. Ukraine it ranked sixth. Reasons - the large size of external debt and slower economic growth. Recall that the experts from the World Bank estimated the external debt of Ukraine in 82% of GDP. Ministry of Industry

Banks worked out in January with the millions of losses

January Ukrainian banking system is fulfilled with a loss. The financial result for the system of banks on February 1 was negative and amounted to 5.2 mln banks' profits compared with the corresponding period in 2010 increased by 1,7% and amounted to 11,2 billion UAH. Costs of banks have decreased by 2,7% to 11,2 bln. As the press service of the National Bank, a year ago, the banking system also reported a loss, but then they were two orders of magnitude - 507.7 mln.

Investors are interested in low-quality Ukrainian assets

Foreign investors are very interested in entering the Ukrainian market of low-quality assets. This was stated by Chairman of the Supervisory Board of Platinum Bank Yuri Blaschuk during the roundtable, which met the NGO "League of financial development," according to The Mirror of the week. Ukraine. According to the banker, today the world "wander" a very large funds that do not know where they are "perch oneself." Given this, to find investors to buy adversely classified assets in the domestic banking institutions is not so difficult. At the same objective obstacle to the process can have a number of regulatory standards in Ukraine. In particular, non-residents today have the right to buy loans in local, on the other hand - they are not given the opportunity to do something with the acquired (refer to collectors, re-sell, etc.). In addition, there are problems with the methodology of assessment of portfolios, with the launch of the securitization of assets (issue securities backed by assets that generate stable cash flows) adversely classified loans, etc. Stressed the need to streamline legislation and chairman of Pravex Bank, Sergei Naumov. He noted in particular the need to develop mechanisms for the implementation of secured credit. Earlier, Prime Minister Mykola Azarov charged the Ministry of Foreign Affairs to immediately develop and within six months to implement an ambitious program to inform businesses of the partner countries about the investment climate and opportunities in Ukraine.

Fitch predicted China banking crisis

The probability of a banking crisis in China by mid- 2013 is estimated at 60 percent. This, as reported by Bloomberg, said senior director of Fitch Rating Agency, Richard Fox (Richard Fox). According to experts of rating agency, a systemic crisis may occur because of growth in lending and a sharp rise in price of real estate in the country. Under the systemic crisis in the Fitch understand the need for substantial additional capitalization of the banking system and a large number of defaults on local financial institutions. According to Fox's conclusions about the likelihood of a crisis in China are made on the basis of index MPI (macro-prudential indicators). He has already helped Fitch warn investors about the possible problems in the banking systems of Ireland and Iceland. The Chinese authorities in recent months, regularly take measures to reduce credit growth and the reduction in property prices. In particular, China has gradually increased the base rate and tightened reserve requirements for banks. In 2010 by local financial institutions have banned lending by more than 7.5 trillion yuan (1.1 trillion U.S. dollars). This is 22 percent smaller than the volume of lending in 2009. Fears Fitch had no immediate impact on the Chinese market. Thus, Stock Index Hang Seng Finance Index, which includes five Chinese banks, rose to the middle of the trading session on March 8 and a half per cent. Source: Lenta.ru

Belarusian banks have begun to limit lending in national currency

Some of the Belarusian banks, including members of the three largest Belpromstroibank and Belagroprombank, began to restrict the issuance of loans in local currency. Sources in banking circles told a RIA Novosti oral recommendation of the National Bank of Belarus to restrain consumer and car loans. In the last week in the country amid expectations of devaluation of the Belarusian ruble sharply increased demand for dollars and euros. Belarusian banks are currently engaged in sale of foreign currency to the population, last week, many of them have introduced temporary restrictions on foreign exchange payments for ruble card accounts - first medium-sized banks, and then the big ones. BPS-Bank on its website reports that "temporarily, on April 3, shall not receive a package of documents on the granting of loans for consumer needs and purchase of vehicles and real estate financing to citizens in need of better housing conditions." Belarusian subsidiary of the Russian Savings Bank as the volume of credit and the amount of assets in third place in the country. The second of these indicators Bank of Belarus - Belagroprombank - temporarily suspended the acceptance of documents for the issuance of loans to purchase real estate and restructuring of foreign currency loans in rubles. Meanwhile, the bank continues to issue car loans and consumer loans. Issuance of loans to natural persons in foreign currency in Belarus from January 1, 2011 is officially banned after a three-year temporary moratorium.

Level of dollarization of the Ukrainian economy has decreased in 2010 by 2,6 percentage points - NBU

The level of dollarization of the Ukrainian economy has decreased in 2010 to 2.55 percentage points - up to 29.13% according to a research report of the National Bank of Ukraine (NBU). "Estimate dollarization of the economy as of January 1, 2011 decreased to 29.13% compared to 31.68% at the beginning of 2010", - stated in the document. According to the report, stabilization of the functioning of the foreign exchange market, together with an improvement of the situation in the real economy have contributed to reduce the impact of devaluation factor on expectations of economic agents, leading to a gradual dedolarizatsii economy. However, according to the prospectus of eurobonds of Ukraine, the text of which agency "Interfax-Ukraine", level of dollarization of the country's financial system remains high, which increases the risks for the hryvnia exchange rate and contributing to the deterioration of asset quality of banks. According to a document prepared by the government on February 1, 2011 dollarization of the Ukrainian financial system amounted to 29,7%, whereas in 2010 - 29,1% in 2009 - 31,7%. Source material: Interfax-Ukraine

PR will be friends with the Chinese Communists

During the visit of Prime Minister Nikolai Azarov to China will be signed between the Chinese Communist Party and the Party of Regions. This was reported by MP from the Party of Regions Leonid Kozhara. "The Chinese Communist Party - is not only the leading and ruling political party of this state, but the biggest political force in the world. Its members include more than 70 million people. The Chinese Communist Party cooperates with more than 600 political forces in 180 countries. And so Party of Regions is particularly important are bilateral inter-party contacts, as this will provide an opportunity to establish a regular dialogue at the highest level, "- said L. Kozhara. Also during the official visit of the two sides will negotiate, in which, inter alia, to discuss issues of Ukrainian-Chinese cooperation in investment and innovation, told the People's Deputy. According to him, during this visit is expected to deepen the dynamic political dialogue with China, Ukraine, and the intensification of business cooperation between the two countries. "Cooperation with China is extremely important to us, especially for investment and innovation. In these areas of China demonstrates significant progress. And it is very important to learn from the experience of attracting investments in high technology, and to establish mutually beneficial cooperation in other areas, - said the parliamentarian. Earlier, Prime Minister informed of the intention during his visit to China to sign agreement to build a railway between Kiev and Borispol, as well as the construction of county roads in the capital.

Akhmetov bought bank Renaissance Capital

Rinat Akhmetov today a deal to purchase bank Renaissance Capital. SCM Group bought 100% stake in the group "Renaissance Credit" We've always been interested in expanding our banking business. Integration into his bank Renaissance Capital, which, in our view, has growth potential, will allow us to expand our portfolio of industry-leading financial services that go into a new market segment for us - commented on the deal Ilya Arkhipov, business development director of SCM. - As for the future development bank, we intend to keep the existing business model, working closely with his team of experienced managers and staff. We are confident that over the next few years, the bank Renaissance Capital will take a leadership position in the consumer segment and POS lending in Ukraine. " "We very carefully approached the planning of this transaction and its structure will not lead to personnel rotation in the bank, nor to any change to its customers. The Bank will operate as a separate legal structure within the banking business lines SCM - added Arkhipov. As the press service of SCM, with the agreement of the parties the terms and amount of the transaction were not disclosed. 100% of JSC SCM shares are owned by Rinat Akhmetov. Assets of the richest Ukrainians Forbes magazine estimated at 16 billion dollars.

JSW Steel net profit loses

Indian steelmaker JSW Steel in the IV quarter of 2010 reduced net income by 32%, to 2.92 billion rupees (64 million). This was stated in the Group, reported Bloomberg. In turn, the income of the Indian holding company has grown by 24% and reached 59.5 billion rupees. In JSW Steel also noted that raw material costs in a given period rose to 37.3 billion rupees against 27.4 billion rupees in the IV quarter of 2009. Earlier, JSW Steel has increased prices for steel products by 4-5%. The decision was taken due to rising prices for raw materials, which is necessary for steel production. Previously reported that JSW Steel in the next fiscal year will increase imports of coking coal from Australia and the U.S. by 40%. JSW Steel is one of the industry leaders in India. Its production capacity for steel mill in Vijayanagar is approximately 3.8 million tons per year. At the same time in the company say they plan to increase to 10 million tons. Ministry of Industry

NBU limits the ability of banks to monitor the situation on the foreign exchange interbank market

On-quo-nal-LIMITED Bank Ukra-and-Ny (NBU) has re-sewed since 9 Feb-pa-la-restricted or chit-WHO-can-no-STI of banks to on-following Ms. Niya-va-si-tu-a-tion in international banks' va-ray-Lute-dimensional mar-ke, co-edge-to-speed TIV to information-form-function system-power-we sub-solid-First of of co-chap-neck-tions. Co-on-wet-ings by applying th-ing from-me-not-out of-lo-well-Ny in writing, ME NBU № 24-112/198, tech-Stom to a po-th distribution of -la-ha-em-agent proof "In-ter-fax-Ukraine. "The Chi-valued 9-Feb-pa-la-da 2011 of the average properties of mi-pro-gram, but the first com-Plec Si-sa-ma-degree under-solid-First of of co-chap- above-tions on international banks' va-ray-Lute-dimensional mar-ke Ukra-and-Ny NBU each pre-ban mu-ku-participants-no-ku si-power, we will, children, presented the -lyat-Hsia-cess to in-form-ma-tion only on the intrinsic-GOVERNMENTAL for-NE-framework of participation "- from-me-four-but with-on-slit Institute. Refuted-shen-nye-agent property di-le-algebra Ukrainian government-in-ray of banks that assumed to exist, that exists a re-neck-of Snee-sum-of-sequence zrach mar-ka, and this to-ba-vit of pa-bo-you. "Early hour, above the form-de-do all car-ti-well, and those at-Now-death-Xia definition de lyat (John-form-tion of to-ti-ditch-kam - IF) for from del nym contractors ", - said Hall di-ler-one but the first one hundred-Leach-GOVERNMENTAL of banks. Materials: Interfax-Ukraine

Hyundai Steel starts construction of blast furnaces

South Korean Hyundai Steel Smelting Company started construction of its third blast furnace worth 3.26 billion won ($ 3 billion). On it informs Bloomberg. The power of this blast furnace will be about 4 million tons of steel per year. Construction of the unit is scheduled for completion by September 2013. Earlier, Hyundai Steel has started production on its second blast furnace. Power unit is estimated at 4 million tons. In general, the performance of the company after the launch of the furnace to reach 20 million tons of steel per year. It also assumes that the furnace will run Hyundai Steel to cut costs in production. First it was reported that Hyundai Steel in the III quarter of 2010 compared to II quarter increased net profit by 55.1% to 260.8 billion won (233.1 million dollars). Nevertheless, as compared to III quarter 2009 profit Hyundai Steel is still decreased by 54.4%. In turn, the income of the holding in a given period amounted to 2.59 trillion won (2.32 billion dollars), up 4.8% over the previous quarter. Annualised earnings Hyundai Steel rose 26.4%. Hyundai Steel is Korea's largest manufacturer of electrical steel. Ministry of Industry

Oschadbank promises to give contributions Rodovid "entirely

April 4 on the site Oschadbank will be available all the necessary information for investors Rodovid Bank. Each contributor Rodovid by entering your initials will be able to clarify the information that in some of the branches of State Bank, he will be able to apply for payment of the deposit. This is today's press conference, journalists said the chairman of the board of Oschadbanka Sergei Podrezov. As reported by journalist LІGA.Finansy, S. Podrezov also noted that from April 4 to depositors Rodovid will operate a call center number: 0800210800. Responding to questions from the media banker said that the deposits at the request of depositors Rodovid "will be issued in full, without separating into pieces, even if the amount exceeds 50 thousand UAH., With accrued interest. However, stressed S. Podrezov, Oschadbank not interested in losing investors because investors Rodovid "will be persuaded to renew the contract for the contribution of the State Bank. We recall, Wednesday, March 30, 2011 the Cabinet of Ministers of Ukraine together with National Bank of Ukraine adopted the decree "On the interaction of the Cabinet of Ministers of Ukraine and National Bank of Ukraine concerning the alienation of public joint stock company Rodovid Bank commitments to individuals for deposits and assets of Joint-Stock Company" State Savings Bank of Ukraine ". Rodovid Bank from March 31, 2011 begin sending contributions to the registry Oschadbank and stop payment on the obligations to individuals on deposits and current accounts.

RODOVID depositors money back tomorrow

Oschadbank ready to begin the first payments of contributions Rodovid Bank on April 22. This is stated in the report of the Ministry of Finance. The Bank has created a contact center for investors RODOVID, which today handled more than 50 thousand phone calls about the procedure for the payment of contributions. In addition, the website of the bank opening a new page where you can get information about the place of payment of contributions. About 20 thousand people took advantage of this opportunity. "On the eve of Passover because of rapid and concerted action of the Ministry of Finance, National Bank, JSC Rodovid Bank and JSC Oschadbank April 20, 2011 Rodovid Bank to transfer the registry of deposits in Oschadbank worth around 3.8 billion USD." - Reminded the Ministry of Finance . Thus, from the state all the conditions for protecting depositors' interests by ensuring the timely payment of individual deposits and a corresponding implementation of a joint decision of the Cabinet of Ministers of Ukraine and National Bank "On the interaction of the Cabinet of Ministers of Ukraine and National Bank of Ukraine concerning the alienation of public joint stock company Rodovid Bank obligations to individuals on deposits and assets to OJSC "State Savings Bank of Ukraine" adopted on March 30. As reported, the government decided to increase the authorized capital Rodovid Bank in a transaction to transfer its depositors for service in the State Oschadbank. The amount of capitalization Rodovid the bank corresponds to the amount of his contributions, previously obtained from natural persons and transferred to Oschadbank.

AUB has sent proposals to the draft of the Government "Strategy for financial sector development in Ukraine till 2015"

Deputy Minister of Finance of Ukraine Sergiy Rybak has sent a letter to the Association of Ukrainian Banks, which reports that "The Ministry of Finance of Ukraine together with the Ministry of Economic Development and Trade of Ukraine for execution of orders of the Cabinet of Ministers reviewed the brief on AUB's" Lessons of the banking crisis of 2008-2009 . and how the strategic transformation of the banking industry in Ukraine. "Reporting on the activities planned for the reform of Ukraine's financial sector, Sergei Rybak said that the objectives and tasks of these activities" in general coincide with the vision of the strategic direction of the resumption of the banking system, presented in a research note " AUB. However, he said that the Economy Ministry drafted the Cabinet of Ministers "On approval of the Development Strategy of Ukraine's financial sector up to 2015", which is planned to define the main directions of work of central bodies of executive power to create a highly liquid and highly efficient financial market. In addition to Association of Ukrainian Banks asked the Commission for the reorganization of the Ministry of Economy of Ukraine to consider and submit proposals to the draft referred to the Government's strategy. In response, addressed to the Chairman of the Commission for the reorganization of the Ministry of Economy of Ukraine Anatoliy Maksyuta, AUB President Alexander Sugonyako noted that the Association supports most from these in the draft principles for further development of the financial sector, in particular on the need for improvement of the financial sector, the definition at the state level, common policies for financial sector development, reorientation of the market of resources for internal investment sources, enhance the transparency of regulatory decision-making and the role of associations of market agents and the like .

Ukrsotsbank going back more than 100 mln. "Problem" loans

From November 2009 Ukrsotsbank in court fights with several Nikolaev companies for the return of more than 100 mln. credit funds. The Bank attempted to sue the real estate which, according to plaintiff's lawyers, was illegally withdrawn from under the mortgage loan on the earlier results. True, the Economic Court of Nikolaev region sided with the current owners of the disputed property, appeal and cassation complaint Ukrsotsbank were rejected. Lawyers such decisions are not surprised, since this dispute, they believe, lies more in the plane of the criminal, rather than economic rights. Pledge suddenly became recall in August 2007 Ukrsotsbank opened a credit line companies "Inteltrade", "Ikarus" and "Int-Agro. In 2007-2008 they received from the USB's total of 120.3 mln. As collateral for these loans has been granted a grain terminal in Nikolaev on the street. Dahl, 72. Pledger was made by one of the borrowers - LLC Inteltrade. Since early 2009, the borrowers stopped servicing the loan. In addition, in the same 2009-m, these companies almost simultaneously began bankruptcy proceedings. When the bank decided to seek bail, it appeared that make it pretty easy. The fact is that during 2008-2009, part of the premises of the grain terminal was demolished. In their place were new buildings. Do all this without the consent of the mortgagee - Ukrsotsbank. After the construction of new facilities coming to an end, the company Inteltrade "appealed to the Nikolaev city council with a request to change the address of the terminal, which was done. "Changing the physical address needed to deal on future sales of the new grain terminal could be registered at the notary," - says Sergey Boyarchuk, a partner at law firm Alekseev, Boyarchuk & Partners (working with delinquent borrowers of the bank).

Bankers are being drawn into social conflict

The government continues to try to consolidate the banks function controller business. This week the Verkhovna Rada may oblige banks to control the payment of social contributions from employers in payment of wages and pay a penalty for failure to list all the social insurance funds. Bill number 6116 aims to strengthen payment discipline in the payment of contributions to social insurance funds. The document envisages that banks will accept money orders from insurers on the issue of salaries and issuing funds only on condition of simultaneous presentation of documents on payment of the amounts of insurance premiums or documents for their transfer. In the case of non-banking institutions, this requirement they own expense will be required to pay social insurance funds in the required amount to the right of recourse to recover funds to policyholders. In the event of untimely transfers of insurance premiums, fines, financial penalties banks would pay interest at a rate 0.1% (but no more than 10%) of the amounts required for each day of delay. Despite the fact that a complete surprise to the bankers, the initiative did not (yet previously instructed banks to monitor timeliness of payment sotsvznosov the Pension Fund in the amount of 1 / 3), the bill still brings in some of their activities, both positive and negative innovations. "A positive phenomenon can be called a direct binding in law norms on the right of recourse to the drawee bank, which occurs when a bank is obliged to pay fees at their own expense," - explains Dmitry Bogatyrev, head of legal methodology and normative support "VAB Bank .

The case of embezzlement of gas RosUkrEnergo to court

The criminal case of embezzlement of gas RosUkrEnergo officials Naftogaz to the court. Will hear the case in Pechersk district court of Kyiv Pretrial investigation of the case was completed on March 18. As the press service of the Prosecutor General, Prosecutor of Kiev today fulfilled his part of the procedure - approved the indictment and referred the case to the judges. The case of embezzlement was instituted Main Investigation Department of the SBU June 8, 2010. Officials accused of Naftogaz Ukrainy that by abusing his official position squandered 11 billion cubic meters of natural gas owned by RosUkrEnergo Dmitry Firtash. The cost of gas is estimated at 15 billion 925 million UAH. The case was initiated by st.191 Part 5 of the Penal Code. As part of this case have been opened criminal proceedings against a former first deputy chairman of Naftogaz Ihor Didenko, former chairman of the State Customs Service Anatoly Makarenko, a former head of the energy of regional customs and former deputy chief of customs registration number 2 of the energy of regional customs.

Damage from the disaster in Japan will reach 2% of GDP - OECD

Secretary-General of the Organization for Economic Cooperation and Development, Angel Gurria assesses the economic damage from the earthquake and tsunami in Japan in 2% of GDP this opinion Gurria said in an interview with radio station BBC. According to estimates by the American CIA, the volume of the Japanese economy by the end of 2010 was $ 5.39 trillion. USD (converted from Japanese yen at the average annual rate). Thus, we can talk about about $ 110 billion of direct economic harm. Analysts estimate the direct economic losses in Japan on disaster strikes in the 125-200 billion dollars Despite significant damage, according to Gurria, Japan's economy could benefit in the long term from investment in the restoration of the affected areas. In addition, the secretary general of the OECD noted that financial assistance in rebuilding the infrastructure will support itself, Japan's population, rather than international lenders. "The government will borrow primarily from its own people, rather than abroad. This will be no borrowing in euros and not dollars. Nobody would lend Japan yen, except the inhabitants of the country. In this case, the Japanese save a lot. And they account for their savings finance the budget deficit "- said Gurria. According to preliminary estimates of experts, the loss of the third-largest economy in the world could reach $ 200 billion In addition, investors are worried about the rise of the national currency of Japan - yen, which could negatively affect the export companies, in particular, the largest automaker in Japan - Toyota Motor Co , Nissan Motor and Honda Motor, which produce 22% to 38% of cars in Japan.

Lehman Brothers lost a lawsuit against Barclays for 11 billion dollars

Bankrupt U.S. bank Lehman Brothers lost the claim to the British bank Barclays for 11 billion dollars. On it informs BBC News. Thus, lawyers Lehman could not sue the British compensation for its North American brokerage unit, which in September 2008 it was sold to Barclays for 1.85 billion dollars. In 2009, representatives of Lehman Brothers said the deal to sell division of Barclays has been done in a way that the British bank was able to get a windfall from the deal at $ 11 billion. As a result, Lehman Brothers asked the court to reconsider the terms of sale and get Barclays to return those profits. The judge, consider a claim of Lehman Brothers in bankruptcy court in New York, said that the deal to sell the assets was "imperfect" but "appropriate" given the circumstances in which it was conducted. Bank Lehman Brothers filed for bankruptcy on Sept. 15, 2008 after it became clear that the institution insolvent, while foreign buyers were unable to agree with him on the terms of the transaction. The bankruptcy of Lehman, provoked the lack of liquidity and a huge amount of poor-quality assets, became the largest in U.S. history and led to the acute phase of the global crisis. Part of the assets and property of the bank in the U.S. get their hands on Barclays. On January 2011 the total amount of claims of creditors to Lehman Brothers amounted to 369 billion. In this case, the liquidators Lehman Brothers expect that the courts allow creditors to demand from the bank 322 billion dollars.

Reserve Bank of Australia kept rates on loans without any changes

Reserve Bank of Australia kept interest rates on loans unchanged at 4.75%. As reported by ITAR-TASS in the press service of the main financial institutions in the country, inflation is a medium-term objectives of monetary policy. Source: Banki.ru

Arrested for attacking at a currency exchange office in Kiev

Staff of the Kiev police have detained a man who committed this morning robbery at a currency exchange office in central Kiev. As the press service of the Metropolitan Police, reported that the exchange rate broke the unknown wearing camouflage and a mask with an object, like a machine, received a part on duty at 09:25. The room at the time were two employees - a man and a woman. The attacker began to demand money, which at that point in the exchanger was not. "A few minutes later he realized that the rich will not succeed and decided to escape. At the exit, he threw into the room object resembling a hand grenade, and sat in the car" Daewoo-Lanos "white. Leaving the carriageway of the street, he caught several cars because of what the left on the pavement his bumper with license plate "- the report said. Half an hour later traffic police found the car on the street. Fedorov. During the inspection car was discovered machine, which was sent for examination. Law enforcers have detained a suspect and a half hours to Mira and took him to Pecherske rayupravleniya metropolitan police. According to preliminary information, the detainee born 1974 is a resident of the capital. Are currently being pre-investigation activities, the question of criminal proceedings. As we have previously reported that this morning a man is attacked on the currency exchange office in central Kiev. Source: LIGABusinessInform

By the end of the year in Ukraine will travel bank

Canada is planning the end of 2011 to create a state bank, which will provide support to companies engaged in construction of hotels and tourist facilities. "The bank will be established before the end of the year. The next year he will work "- said Deputy Prime Minister - Infrastructure Minister Borys Kolesnikov on Thursday. According to him, the authorities are now guided by the experience of Antalya (Turkey), where previously land on the first line of the coast were sold at auction for the construction of tourist sites, then site owners to attract loans on the security of these lands in the travel bank. According to Kolesnikov, the possibility of implementing such a model is studied and on the West Coast of Crimea. In this connection, on Thursday held a meeting with Prime Minister Vasile ARC Dzharty. In addition, according to vice-premier, the Cabinet intends to offset the interest on loans to companies that will build the hotel. "We can allocate in 2012 5 billion hryvnia to compensation of 10 billion hryvnia per year in subsequent years" - he said. Materials: Interfax-Ukraine

Results of the first phase I of the International Competition "Banks, the CIS, Baltic states, Georgia-2010" magazine's "Bankir"

International publishing house "KBS-Izdat" (Ukraine) announced the results of the first phase I of the International Competition "Banks, the CIS, Baltic states, Georgia-2010" magazine's "Bankir. Awarding Ceremony for banks - winners of the competition was held March 28, 2011 in the conference hall of St. Sophia's Grand Hall of the hotel "Premier Palace" (Shevchenko blvd, 5-7/ul. Pushkinskaya, 29). Event organizer - Publishing "KBS-Izdat, producing the reference catalog," Bank of Ukraine, CIS and Baltic countries, Georgia and the magazine "Bankir. Official Partner of the competition - OOO "rating agency" Credit Rating. "Partner - pine Ayurveda Spa Resort Buymerovka." General Internet partner - News Agency Banki.ru. Information partner - Interstate Bank. The awarding ceremony was attended by representatives of central banks, banks and banking associations of the CIS, Baltic States and Georgia, accredited in Ukraine, diplomatic persons, businessmen and media representatives. The purpose of the contest - the best definition of banking institutions operating in the territory of CIS, Baltic states, Georgia, in certain areas of their activities; public pronouncement of the achievements of the best Banks of these countries in accordance with principles generally accepted in international practice, and strengthening confidence in the banks of the CIS countries, Baltic states, Georgia as a fundamental principle of their profession.

NBU sold on April 6 banks certificates of deposit to 700 million hryvnia

The National Bank on Wednesday, April 6, the banks sold their certificates of deposit totaling $ 700 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 14 days at the weighted average interest rate of 2.5% per annum 2 banks. As reported, the NBU April 4 banks sold their certificates of deposit totaling $ 86 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 February, the National Bank to regulate liquidity mobilized (attracted) to banks for a total of 16,049 million hryvnia. In January-February, the NBU has attracted 25,764 million hryvnia to banks. In 2010, the National Bank attracted 248,097 million hryvnia to banks. NBU shall deposit auctions to withdraw from the market of money to spare. Materials: Ukrainian News

In the Czech Republic was burned ATM with 2.5 million kroons

Wednesday night in the Czech town Slavonice burned ATM, which was 2.5 million kroons. It is reported CZ News.info. On the fire said the man, who noticed a lit ATM. Soon the fire was extinguished. Employee of the bank found that the fire was due to short circuit. It is noted that the repair of the ATM will cost 1.5 million kroons. Source: M3-Media

In Nigeria, established the first biometric ATM

First Bank of Nigeria established a biometric ATM, which was the first such unit in the country. This is stated in the bank. The new technology will be available for existing cardholders who may want to add biometric authentication to confirm the transactions on ATMs in addition to the PIN-code, and new customers, especially those who can neither read nor write, as well as mature People will be able to issue a card exclusively with fingerprint authentication. The new unit is located in the office in the city of Lagos. The bank plans to install these terminals in other offices. Source: M3-Media

ECB donated by Portugal in the war against inflation

Nearly two years record low interest rates in Europe ended. The ECB has declared war on inflation. The outbreak of the normalization of monetary policy - a problem for indebted countries. Goodbye, cheap money! Ends of your time. Anyway, in the eurozone. Here, April 7, 2011 began a cycle of rising interest rates, which may last a year or two. This is - a fundamentally new stage in the monetary policy of the European Central Bank. Having done everything imaginable and even unimaginable during the recent global financial crisis and during the fire extinguishing debt in the European Monetary Union, the ECB has finally started to gradual normalization of financial life. Timely exit from the crisis mode for nearly two years, from May 2009, the refinancing rate was in the eurozone at a record low of 1% per annum. This - an abnormal, unhealthy, crisis level. In circumstances where the majority of the eurozone countries, primarily - Germany, are successfully overcome the effects of severe recession, credit conditions sverhteplichnye businesses and consumers are fraught with the danger of all sorts of bubbles and, above all, inflation. Today, many experts agree that the legendary head of the U.S. Federal Reserve Chairman Alan Greenspan after the attacks of September 11, 2001 is too long held interest rates at extremely low levels. Therefore, it confers on it the now much of the responsibility for the financial excesses of the U.S. mortgage market, which subsequently triggered a worldwide crisis of 2008-2009.

Who and how to make their troubled banks

Your pledge - our property, "The future is created by those who opened an unexpected and believe in the unbelievable" Klimenko fact of misappropriation of clients' collateral Ukrinbank, which cost many times the amount of loans today for anyone not a shocking news. Moreover, it is the usual form of business friends, partners, Chairman of the Board of Ukrinbank Klimenko VA, and former investigator SBU Gerasimenko, NM The question is: how these two men of doubtful reputation, one of which is in the past engaged in the sale of rubble, while the other brings ever greater respect in pursuit of the queue, depending on the situation, representatives of Our Ukraine, BYuT, Baloga family, and lots of Regions were headed Ukrinbank still remains a mystery under lock and key and a mystery as to the banking world, and for the country as a whole. Part One: Who and how to make their troubled banks. Chairman of the Board - sounds good. True, life is so fleeting and changeable, that once a source of pride may lose its greatness and power. In this case, refers to the deplorable situation of bankrupt banks. But we should not rush to spare at the helm of troubled banks. Close to the financial sector, people know all the specifics of this "warm" and profitable places. What is so attractive as head of the financial institution? The answer is simple: very savvy businessmen have a huge "dividends" on the withdrawal of money from the banks - the bankrupt, on speculation the currency and fraudulent refinancing.

UCBU concerned at the refusal of the executive service to execute court decisions on forced collection of debts in foreign currency

Association "Ukrainian Credit-bank Union" concerned at the refusal of the state executive service of court decisions on forcible collection of debts in foreign currency. This is stated in the message UCBU. According to the report, the executive service motivated refusals to execute such decisions of the courts so that they do not have accounts in foreign currency for crediting the award. "Contrary to law" On Enforcement Proceedings "State executive office refuses to open a production executive with respect to collection of debts in foreign currency because of the lack of GIS accounts to be credited exacted currency", - said the association. UCBU emphasizes that in this context, the effectiveness of the enforcement of judicial decisions is reduced, and this leads to the tort creditors. Such actions of the State Executive Service, as the association create artificial obstacles to the return of the banking system credit resources. UCBU believes that the executive office has no reason to refuse the execution of court decisions on forced collection of debts in foreign currency. Association asks Justice Department to provide the authorities GIS clarification on the mandatory execution of such judgments. As reported, according to the National Bank, the share of problem loans to total loans granted by Ukrainian banks on March 1, 2011 amounted to 11,2%, or 85.372 billion hryvnia (total loans as of March 1 - 763 802 000 000 hryvnia).

The idea to create a government in the country "travel bank" may result in another section of the budget among the "regular" travel agencies and hotels

The government is thinking of creating another "special" state bank. Now the financial arena have decided to withdraw the direction of travel, so important in the run-up to Euro 2012. "The state should give money, which today have no tourist industry. Subsequently, the bank may be reaktsionirovan, added an additional subscription of shares, but above all the state must invest an initial share capital", - told reporters the Deputy Prime Minister Boris Kolesnikov. According to him, the bank may be established on the basis of one of rekkapitalizirovannyh banks. "Specialized Bank involves the creation of" a beautiful package for financial institutions recapitalized with a view to its subsequent resale to private business ", - said the" Comments "adviser to the president of the Association of Ukrainian Banks (AUB) Alex Kusch. At the same time, he said, the main problem is that the state though and helped them in time to avoid bankruptcy (provide at the time the material support and made significant cost to the authorized capital infusion data financial institutions) from stagnation to withdraw these banks are so and failed. Experts doubt that the state can not be an effective owner of the commercial structures. "Failure of quality control officials any commercial projects in the banking sector, for example, demonstrates the activity of" Oschadbanka "and" Ukreximbank ", - says Alexei Kusch. Following the recapitalization of the most important resource - time - was lost.

Tyhypko: We should remove barriers to economic development

Reducing the number of bureaucratic approvals, permits and licenses for business, the state will provide a significant influx of investment and revenue, said Deputy Prime Minister Sergei Tigipko, the press service official. He was commenting on the government's decision to approve a series of bills aimed at deregulating the economic sphere. Proposed, in particular, to abolish the requirement for the minimum statutory fund, to introduce a single document in support of the state registration of legal entities, simplify legal liquidation. Also, the government finalized the bill on the abolition of paper extracts from the register to obtain permits and licenses, preparing a resolution on expanding the network of licensing centers. "The adoption of new laws make life easier for entrepreneurs - said Sergei Tigipko. - But you will need more drastic action. It is one only the introduction of a European system of technical regulation would increase GDP growth in Ukraine for at least 2%, while budget revenues - 5 - 10 billion USD a year. It would have dealt a powerful blow to corruption. "

NBU: Oschadbank sell the debts of Naftogaz "

Oschadbank already started talks with investors to sell debt of Naftogaz Ukraine ". On this edition of the Kommersant-Ukraine said the first deputy chairman of the National Bank of Ukraine Yury Kolobov. "Now foreign investors became interested in debt instruments of the Ukrainian issuers, including Naftogaz." One of the options for reducing the proportion of "Naftogaz" in the loan portfolio of state-owned banks - replacement credits for state-owned bonds. Believe me, there are enough interested persons who are willing to buy y Oschadbank this debt instrument NAC - Kolobov said, adding that the operation under the approval of the Cabinet of Ministers of Ukraine. "Finished all the preparatory work, and Oschadbank has already started negotiations with investors," - said Kolobov. He also said that state banks have passed due diligence on the program of the International Monetary Fund (IMF) and the results of this audit were positive. NAK Naftogaz Ukrainy is the leading enterprise fuel and energy complex, one of the largest companies in Ukraine. Net income in 2009 decreased compared to 2008 at 79.5% - to 287.5 million dollars recall, in late January of this year The Cabinet of Ministers of Ukraine has increased the authorized capital of NAK Naftogaz of Ukraine on 7,4 billion UAH - up to 37 billion 340 million 905 thousand UAH. Previously authorized capital stock of NAC was 29 billion 940 million 905 thousand UAH. On materials of RBC-Ukraine

"Frozen" Libya's money was a gift by the World Bank

Banks of countries around the world to freeze the accounts of Libya, whose size is comparable to the contingency fund rather big states. First on the freezing of Libyan government went to the U.S., the amount of cash and investments in various financial instruments company shocked Wall Street financiers - he made $ 30 billion despite the fact that recent sanctions on Libya's money in the U.S. local authorities have imposed not so long ago, in 2004 year, says CNBC. (For comparison, the Reserve Fund of Russia to the end of February amounted to "only" 26.12 billion dollars, or 755.82 billion rubles). Among financial institutions, were found in Libyan assets are called, in particular, Goldman Sachs, Citigroup, JPMorgan Chase and the Carlyle Group. The administration of U.S. president Barack Obama point out that it is the largest one-time freezing of overseas assets in U.S. history. According to U.S. officials, which refers to the newspaper The Wall Street Journal, in the Libyan central bank more than $ 100 billion foreign exchange reserves and sovereign wealth funds in the country may be more than 70 billion dollars. According to estimates by the International Monetary Fund reserves, which ruled the Central Bank of Libya, would be enough for it to cover a three-year import volume of the country. While the fate of billions of dollars of assets is in limbo. The U.S. Treasury has given a bank, in which the funds of the North African country, to place these funds in the account with interest at market rates.

Tymoshenko: Ukrtelecom sold on the cheap

Yulia Tymoshenko Ukrtelecom sold cheaply, which contradicts the interests of the state. In certain of the ex-Prime Minister Yulia Tymoshenko "Today in a landmark anniversary of the government also passed the Ukrtelecom. The people of Ukraine as of today no longer Ukrtelecom "- Tymoshenko said at a news conference. Suggest shadowy nature of the privatization of Tymoshenko is forced because of low prices. "According to my estimates, the country of shadow privatization of Ukrtelecom has lost at least 3-4 billion dollars", - she added. As the press service of Tymoshenko, a politician does not lose hope to fix everything. "Just as the Black Sea shelf, as Ukrtelecom as other strategic fields of the state as land in the Crimea under the Black Sea Fleet. I think that pretty soon we will be able to return everything back to the state, and we will not allow in the future so take our ideals and values ??"- she said. Today, the State Property Fund sold a 92.79% stake in Ukrtelecom at 10.575 bln. Bidder for the company was only one - LLC Yeosu »(Epic Services Ukraine), daughter of the Austrian company EPIC.

In Belarus the foreign exchange deficit: the people on duty round the clock near the heat exchangers

Belarus introduced the actual restrictions on the sale of gold is now this and other precious metals can only be bought for hard currency, but not for Belarusian rubles, "Now the situation around the exchangers is similar to the siege: the people for days on end, almost lost hope, but it is not going anywhere wait at least someone who will pass the currency ", - the correspondent of the Interfax-West. Today the National Bank of Belarus has suspended the sale of precious metals in bullion (gold, silver, platinum) for Belarusian rubles. The site of the National Bank, under "Price list for buying and selling of precious metals, the price of their sale to individuals, legal persons and banks established in U.S. dollars only. Price repurchase bullion installed in Belarusian rubles. In the management of information NBB confirmed that the date of the sale of precious metals in bullion for Belarusian rubles discontinued. 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 into dollars and euros.

PR explained why Ukrainians do not feel better

Personally plundered State Reserve, the current opposition is now crying about political persecution. Told reporters MP from the Party of the Regions Peter Pisarchuk. According to him, namely the activities of the previous power almost brought the country to economic and social collapse. "During the period of the previous government Gosfininspektsiya found that the country had suffered damage amounting to over 35 billion USD. Today, in connection with the sale of materials audits initiated more than 1,5 thousand criminal cases, arrested more than a thousand people" - said P. Pisarchuk. However, he stressed that the investigation of corruption and destructive economic activity of the previous government can not be considered political persecution. "Many corruption schemes uncovered by the study of transcripts of meetings of the previous government. One gets the impression that these were not meetings of the Cabinet, and the meeting of the schemers ... Look at what is done with the state reserves - skimmed off the ground. And now screaming about political persecution," - spokesman AVE. He also recalled that the national debt of Ukraine for 2009 increased by 96 billion UAH. and at the beginning of 2010 amounted to 227 billion USD. "The current government this year has to pay 88 billion UAH. Debts. If this money is directed not to pay off debt taken by the Government of Timoshenko, and on social projects and economic development, improving long would feel all" - summed up the PR representative.

NBU supports AUB regarding the prohibition of crediting of physical persons in a foreign currency

National Bank of Ukraine shared the arguments of the Association of Ukrainian Banks on the need to reduce the dollarization of the Ukrainian economy. This FINANCE.UA press office of AUB. "Today, when there is a significant accumulation of external and domestic debt in foreign currency by banks and their clients, National Bank considers it expedient to establish a permanent ban on the provision of foreign currency loans to individuals," - said a member of the NBU Board, Director General of Economic Department Igor Shumilo in a letter to the President of AUB Alexander Sugonyako. The NBU also specified that such measures are necessary "in order to neutralize threats to economic security in the banking sector", in connection with which the National Bank supports such a ban "on an ongoing basis in law." Based on materials FINANCE . UA

Strategy to combat money laundering will hit businesses

Strategy for combating money laundering, adopted by the Cabinet of Ministers of Ukraine may complicate entrepreneurial activity. This opinion exclusively for UBR.UA expressed economist InvestGroup "Art Capital" Oleg Iwaniec. "It is very likely that" the development strategy of combating the legalization (laundering) ... until 2015 "adopted by the Cabinet yesterday, will entail the emergence of new bureaucratic procedures that complicate business activities, especially foreign trade, although in general the special effects should not expect. While obtaining informal income in Ukraine is so common, that little success will be difficult to achieve. The main objective of this same strategy - a demonstration of international organizations to Ukraine's aspirations to combat illegal incomes ", - said Iwaniec. The expert believes that the adoption of measures not be the breakthrough in the fight against money laundering in Ukraine. In his opinion, it needs to liberalize the fiscal system . 'In my opinion, the best strategy would be to liberalize the tax legislation, a significant decrease in rates and simplification of regulatory procedures. Then I'd practice of tax evasion would become less common and, respectively, to identify the criminal business would be easier. In the prevailing circumstances to change the situation almost impossible ", - said Iwaniec. As previously reported, the Cabinet of Ministers of Ukraine approved a five-year strategy for combating the legalization of proceeds from crime.

In the U.S., the bank employee was arrested for trafficking in information about customer accounts

In the U.S., the bank employee was arrested for illegal sale of large amounts of data client accounts of the institution to different attackers. According to the publication Northjersey.com, employee of the bank's TD Bank in Elmwood Park Davasiya Williamson (Davasia Williamson) has been arrested yet on Feb. 28 on suspicion of involvement in bank fraud. The investigation revealed that Williamson for several months, since November 2010, sold the information of clients' accounts of the bank a number of individuals. All she gave attackers access to approximately ten accounts with large sums, the report said law enforcement agencies. As a result of its actions fraudsters have stolen from the accounts of the amount of $ 39.900. Bank reimbursed its customers suffered. Other individuals involved in these crimes have not been found. Bank employee accused of stealing computer data, identity theft, conspiracy to commit theft of using computer networks and theft by deception. "The Bank was lucky that the appetites of insiders have been relatively modest, and to reimburse customers had not a large sum - it is a pity that it is not from the pockets of executives. For the true originator of the incident is not so much self-serving employee, as the bank's management, who reviewed a rough hole in information security system, which allowed insider operate freely for four months ", - said Alexander Kovalyov, director of marketing SecurIT, the Russian developer of DLP-making.

Regionals want to introduce the institution of nominee bank accounts

The Verkhovna Rada of Ukraine registered a draft law on amending some legislative acts of Ukraine (concerning the introduction of nominee bank accounts). Bill № 8188 from 02.03.2011 referred to the Committee of People's Deputies from the PR Yuri Voropayev and George Skudar. The bill seeks to define the rights and obligations of the parties to the agreement of nominal bank account, namely, banks, account holders and beneficiaries, as well as all third parties on the funds available at a nominal account in a banking institution or entity that receives a corresponding license for mediation services using the nominal bank accounts. The purpose of this bill is to create an appropriate legislative framework for the development of calculations using the appropriate intermediaries, who are better known internationally as "escrow agent". Escrow agent or settlement of accounts with the escrow agent (based on the terminology of the bill - the nominal owner of the bank account) are already quite common in institutions in countries with developed financial system, which by its nature, reminiscent of the financial documentary credit, but with certain features. In particular, it is proposed to supplement the Civil Code of Ukraine article. 1066-1, which provides contract nominee bank account. The essence of this agreement lies in the fact that he was called by the client in order of receipt of funds, which he can not dispose of because it is owned by third parties. Said contract is mandatory if the beneficiary and must provide a list of documents in the presence of which it is possible to withdraw funds from the nominal bank accounts to current accounts of the beneficiary.

UTEL buyer offered to pay 10.575 billion hryvnia

The only bidder for the purchase of Ukrtelecom - LLC Yeosu - offered to buy shares for 10 billion 575 million 100 thousand UAH - that is, 75 million more expensive home prices, reports the State Property Fund of Ukraine. Estimated the shares Ukrtelecom consulting firm "Ostrov". According to the opinion of its experts, the cost of 92.79% stake in the national telecom operator is 10.5751 billion UAH. Company report was filed on February 4. State Property Fund has approved the report as fully meeting the requirements of the regulatory framework for the assessment of state property. Competition for the selection of an appraiser Ukrtelecom held on January 6. Company "The Island" won the three contenders, offering the best terms and conditions.

Tyhypko: eliminate ultra-high pensions possible

Tihipko Eliminate super-high pensions that receive some Ukrainians can about it on the air Channel 5, said Deputy Prime Minister - Minister of Social Policy Tihipko. "Reducing the maximum benefit we offer extended to the new and the old pensioners", - he said. On the question of whether it is possible to eliminate extremely high pensions despite the explanation of the Constitutional Court that they can not be undone, Tigipko said that "must be approached with the right side," said Ukrainian Truth. "They explained, relying on article 22 of the Constitution, but there is another article of the Constitution, it seems 24, which talks about social equality of all Ukrainians. I believe that if they apply to the Constitutional Court, it is necessary to deal with this side, "- said Deputy Prime Minister. According to Tyhypko, deputies of the Verkhovna Rada will support the pension reform proposed by the government. "To do this they must convince the examples. For example, the pension system in Estonia "- he said.

WB predicts Ukraine decline in GDP growth

The World Bank predicts that GDP growth in Ukraine will be 4% in 2011 compared to 2010, when GDP grew by 4.3%. Referred to the materials of the World Bank, UNIAN. A significant increase in steel prices and recovery in exports, helped by an increase in external demand, allowed Ukraine to ensure growth in 2010 after a sharp decline of GDP by 15,1% in 2009. In addition, the resumption of cooperation with the International Monetary Fund helped to restore market access of foreign capital. "The projected slowdown in 2011 reflects the application of planned austerity measures in the framework of macroeconomic policy under the IMF program and the expected decrease in external demand, particularly in Russia and the European Union - Ukraine's key export markets", - stated in the materials. At the same time in the UK believe that the abolition of Ukraine's export restrictions would increase the growth rate of GDP over the medium term. "In 2012, an increase in external demand is expected to become the basis for accelerating the pace of GDP growth of 4,5%. Medium-term growth prospects have improved would be if Ukraine is to eliminate existing restrictions on exports (quotas for grains and the delay in VAT refunds) and would speed up structural reforms "- described in the materials. As is known, the draft budget for 2011 laid down GDP growth of 4,5%. The Prime Minister Mykola Azarov earlier stressed that the optimistic scenario, GDP growth next year could reach 6%.

Oschadbank headed by Sergey Podrezov

Steering Committee of Open Joint Stock Company "State Savings Bank of Ukraine appointed Sergiy Podrezova chairman Oschadbanka. Sergei Podrezov born January 16, 1970. He graduated from the Kyiv State Economic University. Engaged in banking for 17 years. In AKPB "Ukraine" served as chief economist, deputy head of department, head of lending. Moving in 1998 to work in Oschadbank held executive positions in the management of credit and project finance, the department of services for corporate clients. In 2001 he was appointed Deputy Chairman of the Board Oschadbank - Director of Corporate Customer Services. Since April 2003 he worked as Deputy Chairman of the Board Oschadbank.

Ukraine boosted January's gas transit to 2,86%

Natural gas transit via Ukraine in January grew by 2.86% over the same period in 2010, to 10.455 billion cubic meters. m. This was reported by NAK Naftogaz Ukrainy. In the countries of the EU gas transit increased by 3,3% to 10.049 billion cubic meters. m, and in the CIS countries decreased by 7.1% to 406.8 million cubic meters. m. In addition, the transit of gas for Ukrainian consumers in January fell by 9.2% to 7.328 billion cubic meters. m. Note that the tariff for transit of Russian gas through Ukraine has risen in the first quarter of 2011 to 59.55% compared with the previous period, to 2.84 dollars per thousand. cu. meters per 100 kilometers of transit. Previously reported that in 2010 gas transit through Ukraine increased by 2,9% compared with the previous period, to 98.603 billion cubic meters. m, according to DK Ukrtransgaz. It is worth noting that the company had previously forecast an increase in 2010 gas transit through Ukraine for more than 9% compared with the previous period. Recall, November 16, 2010 Deputy Chairman of Naftogaz of Ukraine Vadim Chuprun said the company expects revenue of about $ 3 billion on Russian natural gas transit through Ukraine in 2010. According to him, Naftogaz has made every effort to keep the volumes of gas transit through Ukraine to the maximum level in 2011. Ministry of Industry

Rows of mobile subscribers fell by 0,6%

In January, the number of mobile phone subscribers continued to decline. Per month base operators dwindled to 0.6%, and now there are registered 53.69 million subscribers. This is stated in the results of research by iKS-Sonsulting At Kyivstar and Beeline, which decided to merge into a single brand as a whole has 24.33 million subscribers. At MTS Ukraine - 18.21 million Astelit (brand life:)) has in an asset 9,020,000 subscribers. As reported by "Ukrainian News", the rest of mobile phone subscribers from Ukrtelecom and three CDMA-operators. In December 2010, the number of mobile subscribers has decreased by 0.5% to 54.01 million subscribers.

UEFA confident that Ukraine will cope with the Euro-2012

Hosts Euro 2012 in tandem with UEFA will certainly cope with the preparation and conduct of the championship. This was stated by the President of the European Football Union Michel Platini, in an interview with a leading German magazine "Kicker", said Information Center "Ukraine-2012". According to him, despite all the problems, preparing for the tournament is very good. "All is well. The water wears away a stone. Believe me, we can handle," - said Platini. In addition, the UEFA president, once again focused on the fact that the right to organize the European Championship Ukraine and Poland provided the UEFA Executive Committee, and this decision is correct. "I had the experience of one of the organizers of the World Cup in France 98-th year. This is an incredibly difficult task. Of course, Ukraine and Poland is a step in the East. These countries have never conducted such activities. It is also a serious challenge for the UEFA", - emphasized M. . Platini. As reported earlier, Prime Minister Mykola Azarov, the preparation of Ukraine for European soccer championship Euro 2012 will end with a margin of one quarter. The prime minister also said he was pleased with pace of construction and reconstruction of all the stadiums, airports, roads, hotels for Euro 2012. Ministry of Industry

Belarus is no longer accuses Ukrainian brewers of dumping

Anti-dumping investigation against imports of Ukrainian beer on the territory of Belarus has officially discontinued, says in a letter to the Ministry of Foreign Affairs of Belarus, Ukrainian breweries. The investigation was launched in April 2010 after claiming Belgospishcheprom and local breweries. Order to discontinue the investigation MFA issued 18/01/2011 as Belgospishcheprom withdrew his application on the application of antidumping measures on imports of beer from Ukraine. As the press service of the company Obolon, one of the exporters of beer in Belarus, under the interstate commission a single fact of dumping was found. According Obolon, the share of Ukrainian beer on the Belarusian market does not exceed 7%. Beer imported from Russia, took more than 15%. Local beer producers control more than 77% of the market. The dumping charges Obolon rejected: According to her, beer production of the Ukrainian company to 10-15% more expensive than the Belarusian.

The Brewers are ready to raise prices by 15%

Prices on beer will rise by 15%, although the manufacturers would rise in price by 25%. Plants are forced to raise prices due to the appreciated raw materials: January malt producers raised prices by half "because of the hot summer last year, Ukraine had a poor harvest of malt. Its producers have increased prices by 50%, so the price increase our production by 12-15% can not be avoided, "- said General Director of Miller Brewing Company Brendz Ukraine Igor Tikhonov. Tikhonov also added that the final price of beer depends on the cost of packaging, petrol, water, electricity, which grow in recent years. It is reported VGorode. "Oil is expensive, so the plastic bottle more expensive. Glass going up because of electricity. Although a clear explanation from the producers not, why not increase the cost of glass. There are elements of monopoly, there are large suppliers who simply dictate prices, "- said Tikhonov.

Belarus has refused the Ukrainian electric energy

Canada has suspended commercial sales of electricity to Belarus in January 2011 because of disagreement on the issue price. This was stated by First Vice Premier, Minister of Economic Development and Trade, Andrei Klyuyev at a press conference. "The Belarusian side does not like the price, they have an alternative offer from Russia. According to them, more profitable," - said Deputy Prime Minister. Klyuev added that the Ukrainian side proposed to export electricity at prices that prevailed in the domestic market. "Therefore, a loss Ukraine to sell electricity will not" - he stressed. At the same time, Deputy Prime Minister said that talks with the Belarusian side for the resumption of exports made and the parties hope to reach a compromise on this issue. Earlier NAC "Energy Company of Ukraine reported that in January 2011, Ukraine does not export electricity to Belarus. In turn, in December, the First Vice-Premier of Belarus Vladimir Semashko noted that Belarus hopes to import about 4 billion kilowatt-hours of the Ukrainian electricity in 2011. He also predicted that by the end of 2010 the volume of imports by Belarus Ukrainian electric energy is about 3.5 billion kilowatt-hours. Ministry of Industry

The official exchange rate on February 19

On 19 February the National Bank has established the following official rate of hryvnia against foreign currencies: 100 USD - 794.1700 (February 18 - 794.1700), 100 EUR - 1082.2155 (February 18 - 1076.8945) 10 RUR - 2.7143 (February 18 - 2.7156).

Gazprom will sell directly to Ukraine 3.8 billion cubic meters. m. of gas

"Gazprom sales Ukraine" plans in 2011 to supply Ukrainian industrial consumers 3,6-3,8 billion cubic meters. meters of natural gas. Told director Anatoly Podmyshalsky in an interview with "Business". He explained that most large customers of Gazprom sales Ukraine "are owned by JSC" Crimean Soda Plant "and JSC" Crimean Titan "of the holding Group DF businessman Dmitry Firtash. As you know, before Gazprom sales Ukraine planned in 2010 to supply Ukrainian industrial enterprises 3.2 billion cubic meters. m. of gas. Earlier it was reported that on February 17 the National Commission for Energy Regulation has increased the license delivery of natural gas at unregulated tariffs for DC "Gas Ukraine" to the 23.5 billion cubic meters in 2011. Previously the company had permission to NERC for delivery this year, 13.5 billion cubic meters. meters of natural gas to the industrial consumers at commercial prices, on a contractual basis. In this case, the current year Naftogaz Ukraine "and DC" Gas of Ukraine "previously entered into an agreement providing for the implementation of 25 billion cubic meters. m. of gas to non-regulated tariff, ie, for industrial consumers. Ministry of Industry

Tigipko afraid dominance of migrants

In the near future in the labor market will create a situation where there will be many unemployed, and at the same time, a lot of unpopular positions. This was stated by Vice-Premier, Minister for Social Policy Tihipko the TV channel "Inter". In this context, the big problem for Ukraine, according to Tigipko can be sailed migrant workers. He also suggested the need to reform the structure of education in terms of increased attention to math majors. The politician said that Ukraine, in particular, not enough programmers. In addition, the Deputy Prime Minister considers it necessary to reform social policy. According to him, in Ukraine there were 158 concessions, wherewith covered 40% of the population. "A huge number of benefits does not get at. Benefits enjoy even millionaires" - said Tigipko. Earlier Tigipko said that after a year in Ukraine will not be unemployment. He noted that if the country would continue economic growth at 4-5%, then next year will be a shortage of manpower, in particular representatives of the business disciplines. As reported, the official unemployment rate in Ukraine in December 2010 increased by 0,4% compared with the previous month, up 2%. On 1 January 2011 the State Employment Service 545 thousand were registered unemployed, while in the 1 December 2010 figure was 450 thousand people. Ministry of Industry

Soros: The existence of the euro - under threat

Soros, American financier George Soros has again predicted a possible collapse of the euro. At this time the threat to the European single currency, he saw a crisis loans to "problematic" countries in the euro area EU Member States should expend stabilization funds not only on direct loans to impoverished countries, but also to replenish banks' capital, I'm sure Soros. "It would be efficient use of financial resources" - he said in an interview with German newspaper Handelsblatt. According to Soros, to increase capitalization of banks should be very soon, and to do it is in a single pan-European program, ITAR-TASS. "The task of providing banks, the European Union of new funds to strengthen their capital is an extra character", - said Soros. The true danger for the euro is that the current stabilization program, characterized by increased rigidity, would give rise to social tension and a deep political split within the European Union, Soros has warned. Thus, the billionaire actually supported the Greek anarchists who accused German Chancellor Angela Merkel and leaders of other wealthy countries of the euro area is that by issuing loans, they put people in need of financial assistance to States on the brink of survival. Recall that in October 2010 from the podium at Columbia University, Soros blamed Germany in the dispersal of deflation in the euro area. The economic policy of the German authorities, as indicated by the Soros Foundation, "will push Europe into a prolonged stagnation, if not worse." Then he did not rule out the collapse of the euro in particular and the European project as a whole.

Naftogaz transferred to Gazprom nearly 1.4 billion dollars

NAK Naftogaz Ukrainy transferred to Gazprom about 1,4 billion dollars for imported natural gas in January, reports the press-service NAK, reports Ukrainian Truth. "The price of natural gas for the company in the first quarter of 2011 is about 264 U.S. dollars", - said in a statement. Naftogaz monthly on time and in full compliance with its obligations to Gazprom to pay for imported natural gas, "- said the NAC.

Hebei Steel increased its steel exports

Chinese steelmaker Handan Iron and Steel, a subsidiary of Hebei Iron and Steel Group, has exported 325.6 thousand tons of steel products. It is reported SteelOrbis. In particular, the products have been exported to countries such as Russia, Britain, the Middle East, South Africa and East Asia. In Handan Steel also said that in 2011 the company plans to further increase exports of high-tech steel products. Recall, Hebei Steel in 2010 compared with 2009 steel production increased by 6,4%, to 44.78 million tons. In turn, the operating income of the corporation rose 24.35, to 220 billion yuan (33.3 billion dollars). Profit before tax rose by 33.3% amounted to 8.1 billion yuan (1.23 billion dollars). Hebei Steel was formed in 2008 through the merger of "Tangshan Iron & Steel Group" and "Handan Iron & Steel Group", the company which are located in China's Hebei Province. In 2009, the holding company Hebei Iron and Steel Group produced 40.2 million tons of steel. Ministry of Industry

The official exchange rate on January 20

On January 20 the National Bank has established the following official rate of hryvnia against foreign currencies: 100 USD - 794.4500 100 EUR - 1072.9842 10 RUR - 2.6637

Issue of the hryvnia. Tymoshenko calls on the National Bank to name a figure

Yulia Tymoshenko, former Prime Minister Yulia Tymoshenko calls on the National Bank to disclose the amount of emissions, carried out in 2010, "I want to appeal to the head of the National Bank to formally, publicly, openly published figure of how much emissions, that is, printing money have been made during the period of 2010 ", - said Tymoshenko, leaving the central investigation department of the Prosecutor General. Tymoshenko expressed confidence that this information is the responsibility of the National Bank. As reported by "Ukrainian News", Tymoshenko assesses emissions in 2010 at 99 billion USD. "That's almost half the state budget, this is unacceptable and completely eliminates the financial stability of Ukraine, said the abuses in the National Bank", - she said. Tymoshenko is confident that the current rise in prices in the country caused by the additional issue is the hryvnia. Recall, January 17, Tymoshenko said the revitalization of unsecured issue hryvnia. Prime Minister Mykola Azarov and the National Bank unanimously denied this, but no figures have not led.

Russian cruiser Ukraine will take only a gift - a source

Cruiser "Ukraine" Russia will not buy from Ukraine unfinished missile cruiser "Ukraine". Nevertheless, agrees to take the ship, if Ukraine will give it for free, reports the publication Arguments Week, citing a source in the Russian Defense Ministry, UNIAN informs. May 17, 2010 the presidents of Ukraine and Viktor Yanukovych and Dmitry Medvedev agreed on the completion of the missile cruiser "Ukraine". Yanukovych said that the heads of state agreed on the completion by the Russian side, the cruiser "Ukraine", which stands in the Nikolayev shipyard on behalf of a 61-Communards. After that the commander in chief of the Russian Navy Admiral Vladimir Vysotsky said that command of the fleet is studying the possibility of acquiring an unfinished missile cruiser "Ukraine". The Verkhovna Rada of July 6, 2010 cancellation of the appropriation missile cruiser of the name "Ukraine". As emphasized in the explanatory memorandum to the decree, considering that the completion and adoption of the missile cruiser of the Naval Forces of Ukraine is not provided, it is inappropriate to the cruiser carried the name "Ukraine". As the "Arguments of the Week" readiness cruisers - 95 percent. The content of the unfinished ship cost budget of Ukraine in a million dollars a year. Completion and upgrading missile cruiser is estimated at 50 billion rubles.

BHP to invest in the expansion of 80 billion dollars

Mining Company "BHP Billiton" intends in 2015 to invest 80 billion dollars in expansion and development of commodity projects. On it informs Bloomberg. As expected, this year the investment corporation will make $ 15 billion reported earlier that "BHP Billiton" enters into a struggle for shale gas reserves in the U.S.. Thus, concern has acquired from Chesapeake Energy control over the field in Fayetteville Arkansas. The deal amounted to 4.75 billion dollars in reserves from this acquisition, the corporation will increase by almost half, to 1.7 billion barrels. of oil equivalent. It is assumed that BHP will spend on the development of this field in the next 10 years 800 million - $ 1 billion in mining company, "BHP Billiton" includes the Australian "BHP Billiton Limited" and British "BHP Billiton Plc". Largest enterprise in the industry is engaged in bauxite mining, coal, copper, manganese, iron ore, nickel, uranium, diamonds and titanium minerals, silver, and oil and natural gas. Ministry of Industry

Dollar on the interbank market fell by 2 pennies

At the end of trading on the interbank market the dollar has fallen by 2 pennies, the euro rose by a penny, according to InterBiznesKonstalting trades on the dollar resulted in a range 10,7150-10,7250 grn / dollar, a dollar - 7,9440-7 , 9470 grn / dollar, the ruble - 0,2665-0,2666 UAH / USD. Recall now trades in euros open range 10,6998-10,7200 UAH / EUR, trading in the dollar - 7,9620-7,9615 UAH / USD, trading in ruble - 0,2665-0,2669 UAH / USD.

The official exchange rate on January 21

On 21 January the National Bank has established the following official rate of hryvnia against foreign currencies: 100 USD - 794.3500 (January 20 - 794.4500) 100 EUR - 1070.1483 (20 January - 1072.9842), 10 RUR - 2.6554 (January 20 - 2.6637).

Ukrainian Film allocated an additional 120 million USD

State Budget for 2011 has about 120 million UAH for the film industry compared with the previous "residual principle" kinofinansirovaniya (it was in the range of 20-30 million USD) - the sum is almost a luxury, "said in an interview to ZN. Ukraine, the head of the agency for cinematography Ekaterina Kopylova. According to her, "initially assumed all of the figures of 24 million USD. Only. But later everything changed. " "Quite simply failed to motivate the need for such a budget line in the movie. After sufficient arguments for it. Believe there are not enough? Young and talented filmmakers could not show themselves because of the scarce previous injections into the movie ... Some kinoidei failed to realize, since forever "residual principle". Our motivations heeded. We have been heard, "- noted Kopylova. Asked about how much of the 120 million will go to the real projects of the National Film Studio of Alexander Dovzhenko, she said: "Here - an open question ... Ideas, of course, exist. But, certainly, not at all of them need to allocate huge budgets ... Remembering past experiences ... And the main thing in this matter: I see our future work is not easy in many of the old system - the state subsidizes and creative no responsibility. " Would like to see and dovzhenkovtsy active transition on the path of co-production. With other countries. With interesting foreign partners. And so we finally moved away from the archaic principle of public procurement.

The official exchange rate on January 19

On 19 January the National Bank has established the following official rate of hryvnia against foreign currencies: USD 100 - USD 794.4500 (18 January - 794.4500) 100 EUR - 1062.2591 UAH (on January 18 - 1057.4924); 10 Russian rubles - 2.6581 USD (18 January - 1057.4924).

Ukrainian market has hosted its share to 13 mln

17 January the Ukrainian Stock Exchange began a partial private placement of additional shares of PJSC "The Ukrainian market", reports RBC-Ukraine, citing the press service of the exchanges. Recall, 30 September 2010 at an extraordinary general meeting of shareholders of Ukrainian Stock Exchange "in connection with the requirement of the Law of Ukraine" On amending some laws of Ukraine concerning the increasing demands for professional participants of the stock market "had decided to increase the authorized capital stock exchange at 13 mln to 25 mln through private placement of 13,000 shares of common shares with a par value of UAH 1 000. each, issued in uncertificated form.

Media: Bond Market of Ukraine came out of the coma

Ukrainian bond market emerged from the coma, which lay more than a year, and although still in unpresentable as surely on the mend This opinion was expressed by a senior analyst Astrum Investment Management Sergey Fursa, writes the Mirror of the week. Ukraine. He notes that in 2009 Ukraine has received a full-fledged market for domestic government bonds. "An acute shortage of government funds, the fear of banks to lending activity became the parents of the new Ukrainian market of acute shortage of government funds, the fear of banks to lending activity became the parents of the new Ukrainian market, - the expert believes. And in 2010, "can surely be called a year of government bonds," he states. "Certainly from the perspective of macroeconomic stability, public debt - is bad. But the point of view depends on the seating, and the participants of the bond market is extremely excited about this growth. It all started back in the autumn of 2009, when borrowing in the domestic market were the Government's sole source of financing the budget deficit. And the market, the Ukrainian banks are well aware, unwinding the yield on Treasury at least podsazhivaniya needle borrowing short. As a result, the primary market was set to record at 29,5%, average rates on the secondary market stood at 25% "- reminds Fursa. However, a few months in early 2010 yield dropped by half. The main players in the market of government bonds were non-residents who had increased their holdings by the end of the year 10,8 billion UAH. "This portfolio has almost doubled due to sharpness of the Government, which issued the VAT-bonds (the main event on the market in the second half of 2010)," - said the expert.

The Tax Code is found gaffe concerning the arrest of accounts

Tax Code prescribes the grounds for imposing a tax service arrested on account of taxpayers, but there are no provisions that would give the right to tax such arrest remove Told PhD, Associate Professor Daniel Getmantsev in an article for "ZN". "Even with the subsequent implementation of the tax payer claims service his accounts will be placed under arrest, after all, no tax authority as to the withdrawal of arrest, and to petition the court for such a withdrawal. P. 91.4 st. 91, which regulates the removal of arrests and establishing a time limit for the arrest of accounts applies only to cases where the payer has a tax debt and he was appointed tax manager. The obvious shortcoming of NK will have extremely serious consequences for the taxpayers subjected to such punishments "- the author notes. Getmantsev advised taxpayers not to relax by reading, that the arrest of accounts shall be effected pursuant to a court. "Code of Administrative Procedure of Ukraine (Article 183-3) has a special simplified procedure for the consideration of appeals of the tax service, which can occur without the payer (albeit with its mandatory notification). Term to the treatment of tax service - three days. The court ruling can be appealed, but this does not stop its execution "- the author stresses.

Euro on the interbank market has risen in price

By the close of trading on the Ukrainian interbank market price indicators for the euro, amounted to UAH 10,7070-10,7240. Opened market quotations 10.6850 / 10.6975 Prices for the U.S. currency continued to fall. Bidding on the dollar opened quotations 7.9460 / 7.9540, prices fell by 12:00 7.9410 / 7.9460, and the closure further reduced to 7.9370 / 7.9450. Ruble market opened quotations 0.2654 / 58, prices have dropped to 12:00 0.2653 / 55, and the closure reached the level of 0.2651 / 53. Source dengi.ua

The official rate of exchange on 24 January

On January 24 the National Bank has established the following official rate of hryvnia against foreign currencies: 794.2500 USD $ 100 (-0.1000) 1073.9054 grn for 100 euros (+3.7571) 2.6465 grn for 10 rbl. (-0.0089).

Fraudsters have sold securities in Germany recovered from scrap metal coins for 6 million euros

German police arrested on the eve of the six people suspected of cashing euro coins recovered from scrap by about six million euros. This was reported today, the local press referring to the German prosecutor's office. Damaged coins officially sold in China as scrap metal, as separated by the outer ring and the core. Here they were restored by local craftsmen, and then crossed with the four flight attendants back to Germany, where he exchanged with the Central Bank at par on the bill. Presumably, the fraudsters were able to recover 29 tons of damaged coins, one and two euro, and exchange them between 2007 and 2010. Four of the six detainees were Chinese immigrants. Among the employees of the Central Bank of Germany is not suspected. The detainees are suspected of fraud and the issuance of counterfeit money. Source: M3-Media

The art of drinking. How to make the coffee business in Ukraine

Coffee blend, grinder and coffee maker - needed sostavlyayushey proper espresso. But the most important component - a skill that brews coffee Ukrainians who drink coffee are not as active as the inhabitants of Western Europe, but establishments that serve espresso correct, we have become more "in the coffee business - almost like a joke about Americans who have bought from Russian parts of the aircraft, collected, and turned the train - jokes Hadji Alexander, a champion of Ukrainian Barista Championship (professional service coffee) 2008. - Whatever I tried to do, anyway back to the coffee. " Generally throughout the world coffee business for cash flow is second only to oil. "But if the Portuguese and Finns consume about 8 kg of coffee per person per year, the Italians - about 6 kg, the Ukrainians - less than half" - a comparative analysis of markets, Alexander. Matter of taste. Barista and kaptester Eugene Malyshko tips for beginners to try coffee with monosortov, not just drinking, but sniff. However, he himself, this situation is not confused: he and his business partner Alexander Lugovskii opened in Kiev, first kofepoynt on the summer terrace cafe in Kiev "Cupid", six months ago - another under the guise of "Espresso room, and the summer opening of the third plan. Six months ago, and decided to expand the network of the Kiev coffee "Cuff": in the capital took the first visitors to the third institution network called "Kaffa de Provence." And in February this year in Kiev opened its first McCafe coffee McDonalds.

Bank of Yanukovych's Jr. will open 15 branches in 2011

Alexander Yanukovych Ukrainian National Development Bank, under supervision of Alexander Yanukovych intends to end of 2011 to open about 15 branches of the Bank, in particular, intends to soon open an office in Lviv, Mariupol, two offices, a branch in Kiev, described in Bank reports, reports Interfax-Ukraine. The report also states that on January 20 the bank opened an office in Donetsk, offering a full range of banking services for businesses and individuals. Bank's regional network includes about a dozen business units. National Bank has registered a FBG in April 2009. By October 1, 2010 the sole shareholder finuchredzheniya was "Donsnabtara, whose main owner is the son of President Oleksandr Yanukovych. Previously reported that Yanukovych, Jr., until recently controlled 90% by EBE LLC Donsnabtara, intends to become directly owns 100% of the shares of the bank: in December 2010, he had already received permission of the Antimonopoly Committee of Ukraine for the purchase of more than 50% of its shares . According to NBU, the beginning of October -2010 by total assets held FBG 138-th place (349 million USD) among the 176 existing ones. Chairman of the Management Board is the mother of NBU - Valentine Arbuzov. The sole shareholder of the bank is "Donsnabtara, 95% owned directly president's son - Alexander Yanukovych.

Steel production in the world was 1.414 billion tons, - Worldsteel

By the end of 2010 the production of steel in the world amounted to 1 billion 413.6 million tons, exceeding the previous year's figure by 15% This is indicated by data from the report of the international scientific and technical organization of World Steel Association (Worldsteel), RBC . Steel production in the world on the basis of 2010 exceeded pre-crisis level, reaching a new historic high. Thus, in 2007, which previously was considered a record year for global steel industry, its production was 1 billion 346.1 million tons in 2010 Following the positive trend in steel production was observed in all regions of the world. For example, in Europe regarding the production of steel in 2009 increased by 18,6% and amounted to 314.9 million tonnes, in North America - by 35,7% - to 111.8 million tonnes, in South America - by 15,9% - up to 43.8 million tonnes, in Africa - by 15,4% - to 17.5 million tonnes, the Middle East - 11% - to 19.6 million tonnes, in Asia - by 11,6% - to 897 , 9,000,000 tons; in Oceania - by 35,5% - to 8.1 million tons in the CIS crude steel production up to 2010 relative to 2009 increased by 11,2% and amounted to 108.5 million tons, remaining while significantly lower than in 2008, which amounted to 114.3 million tons, from the data Worldsteel. Earlier in Worldsteel forecast growth up to 2010 at 13.1%. In October 2010 at Worldsteel predicted that next year the demand for steel will grow by 5,3% and reached a record 1.34 billion tons According to Chairman of the Economic Committee Worldsteel Daniel Novegila, in April last year in his first post-crisis forecast Association of expected demand growth by 8,4%.

The official exchange rate on January 26

On January 26 the National Bank has established the following official rate of hryvnia against foreign currencies: U.S. $ 100 - 793.8800 UAH (January 25 - 794.0500) 100 EUR - USD 1079.3592 (January 25 - 1077.6053), 10 Russian rubles - 2.6645 USD (at January 25 - 2.6600).

The world's largest diamond concern got 638 million dollars profit

One of the largest corporations in the world diamond De Beers again became profitable. Up to 2010 profits De Beers has made 638 million dollars against a loss of 32 million dollars a year earlier sales of the concern in the past year rose to 5.9 billion dollars for comparison, in 2009 the same indicator of the company has reached 3,8 billion U.S., reports Lenta.ru. In the De Beers explained that 2010 had been "extraordinary" for the concern. Diamond mining concern has grown to 33 million carats, compared to 24.6 million carats in 2009. It was the year before De Beers gave the status of the world's biggest diamond miners Russia's Alrosa, which produced 34.7 million carats. Company De Beers was founded in South Africa in 1880, Cecil Rhodes, who also founded Rhodesia (now - Zimbabwe). 45% of the shares owned by British mining diamond miners Anglo American, another 40% - Oppenheimer family. The remaining 15% of the securities owned by the government of Botswana. Before the crisis, De Beers provides up to 50% of world diamond production. However, due to the crisis in 2009, he significantly reduced the production and become unprofitable.