Wednesday, November 30, 2011

At Easter in Ukraine will be warm and dry

In the Ukraine on April 24 is expected to warm weather without precipitation. This was reported in Ukrainian Hydrometeocentre. The individual short-term and short rains will be held only at the extreme west and in the Crimea. Wind variable, 3-8 m / s, in the Crimea and Sea of ??Azov - the north-east of 7-12 m / sec. Night temperature 4-9 ° C warmer in the Carpathian Mountains, eastern and southern regions, except for coastal seas, from 1 ° below zero to 4 ° heat at night, 16-21 ° C heat in the Carpathians, Crimea and Azov 11-16 ° C . In Kiev and Kiev region April 24 will be no rain, the wind is variable, 3-8 m / sec. Night temperature over the region 4-9 ° C warmer at night, 16-21 ° C in the capital during the night 7-9 ° C warmer at night, 18-20 ° C. Ministry of Industry

Ukrainians will go to Argentina without a visa

Government of Ukraine and the Republic of Argentina signed an agreement on abolishing visas and on mutual recognition of higher education. This is stated in the report of the Ministry of Foreign Affairs of Ukraine. Agreement signed by Minister of Foreign Affairs of Ukraine Konstantin Grishchenko and Foreign Minister of Argentina Hector Marcos Timerman. During the talks, the Foreign Minister said both countries need to intensify political dialogue and commended the gradual recovery of the volume of bilateral trade and discussed promising areas for further trade and economic cooperation. Earlier, Prime Minister Mykola Azarov said that cooperation between Ukraine and Argentina may develop in the areas of agriculture, engineering, energy, energy efficiency, infrastructure development, housing, and in the space industry and tourism. Ministry of Industry

Foreign noticed that the attitude to Ukraine

European policy, recently skeptical European integration of Ukraine changed its position. This was stated by Minister for Foreign Affairs of Ukraine Konstantin Gryshchenko, speaking on the TV channel "Inter". "I am very glad that recently heard positive signals from those who have recently declared that Ukraine should not be given any association or some other promotions in the direction of European integration, until in an armchair manager, who will lead the path of the revolution forward . Today, we feel the changes in this approach, "- said the minister. He also stressed the need for concerted action by government and opoozitsii in matters relating to foreign policy. "It is extremely important to speak with one voice when we are outside the country," - Foreign Minister said. According to him, it is important to Ukraine as soon as able to conclude an association agreement and to achieve visa-free regime with EU countries. Earlier Hryshchenko said that over the next 10 years, Ukraine will hold all the reforms that are necessary for entry into the European Union. According to him, after 10 years in Brussels, all will become clear that without Ukraine, the EU will have more to lose than to receive from the opportunities to strengthen its position in global competition. Ministry of Industry

U.S. estimated reserves of shale gas in Ukraine

Canada has reserves of shale gas in the volume of about 1.176 trillion cubic meters. m, according to American experts. This was reported by the chairman of the State Service of Geology and mineral resources of Ukraine Eduard Stavitsky in an interview with The Mirror nedeli.Ukraina. He also noted that the estimated Gosgeonedr, the figure is at best 0,7-0,84 trillion cubic meters. m. "This is the optimistic figures. I would like to have more. But if there be something I mentioned to you, it will provide our country for the next 150 years with the development of the economy in the world. And even allow you to export to developing energy-saving light technologies ", - said Gosgeonedr. At the same time he stressed that Ukraine has prospects for shale gas production is higher than in Poland. "Especially when one considers that with regard to Ukraine, all the experts and specialists are more optimistic: we have the efficiency of investments in this segment of the electricity market is more credible. I wish that no one was deceived in their expectations," - concluded the head Gosgeonedr. Earlier, First Deputy Minister of Environment of Ukraine Volodymyr Ignashchenko reported that indicators of potential shale gas production in Ukraine is less than 1 trillion cubic meters. m. In this case, he referred to the assessment of U.S. Energy Information Administration. According to V. Ignashchenko, Ukraine overestimate the potential of shale gas. Ministry of Industry

Marchuk said that the GPU works objectively

The investigation into the murder of journalist Georgiy Gongadze is objectively and impartially. This was stated by former chairman of the Security Service of Ukraine Yevhen Marchuk after questioning by the Prosecutor General of Ukraine. He also noted that he informed the investigator about the attempts of third parties to make his involvement in the case of Mr. Gongadze. E. Marchuk is not told about the nature and content of questions to him by the investigator, citing the secrecy of the investigation, but noted that he had the impression that the investigation is to fairly and impartially. "I do not feel any bias against me, or others do not see that something escaped or were not paying attention to what I pay attention. I believe that at this stage is normal, objectively and without bias is a consequence, - said the former chairman of the SBU. Besides, he added that he was interrogated only in the case G. Gongadze. Previously, Yevhen Marchuk said that the appeal to the Prosecutor General's Office to demand an investigation on the identification of individuals who have falsified the murder of journalist G. Gongadze. As reported, the Prosecutor General of Ukraine plans to interrogate ex-chairman of the SBU Leonid Derkach, the former head of the Presidential Administration Viktor Medvedchuk and former head of the SBU E. Marchuk. Interrogations related to the investigation of criminal case against ex-President Leonid Kuchma's alleged involvement in the killing of Mr.

Kuchma allowed to go to Moscow

Attorney General's Office has allowed the ex-president Leonid Kuchma's visit to Moscow. Told a press conference said the deputy prosecutor general Renat Kuzmin. It is known that Kuchma was invited to the celebration of flight of the first man in space, which will be held April 12 at the Grand Kremlin Palace in Moscow. This morning, the lawyer of ex-President Viktor Petrunenko reported that the GPU is not against the visit of Leonid Kuchma in Moscow. Later, however, Kuchma came out of the building Prosecutor General's Office, said the refusal Prosecutor General's Office. In particular, Kuchma said that he was handed a summons at 11:00 am on April 12. "Trying to bring me to the white heat or something more. Understand that they want the GPU and the investigating authorities, or truth, or something else, now I can not" - said the former president. Currently, Kuchma is on his own recognizance. Recall that the GPU has brought Leonid Kuchma accused in a criminal investigation into the murder of journalist Georgy Gongadze. This happened after recording conversations Kuchma, made in 2000 by the then Office of the State Guard officer Mykola Melnichenko, March 22, were found to hep as evidence of the murder of a journalist. Ministry of Industry

Kostusev began to dig under the former mayor of Odessa

Odessa Mayor Alex Kostusev appealed to the prosecutor's office in Odessa with a request to verify that the actions of former Mayor Edward Hurwitz evidence of a crime. This is stated in the letter A. Kostusev, the press service of the Party of Regions. According to him, based on the decision of Odessa City Council from 05.04.2007, № 1119-V was carried out external borrowing in the budget of Odessa and approved the terms of such borrowing. In particular, the drawing was carried out by means of a fixed-term loan agreement worth 50 million Swiss francs, which amounts to 218.808 million UAH. the official NBU rate on the date of the contract with the lender, which became "BNP Paribas Finance Plc". For the use of these financial service Odessa City Council must pay the borrower the amount of $ 159 billion 125 million UAH. According to the "Terms and Conditions of external borrowing in the budget of the city of Odessa in 2007, approved the decision of the executive committee of Odesa City Council from 20.03.2007, № 235, the purpose of the borrowing was the need to raise funds to finance the development budget of Odessa. According to the mayor of Odessa, a period that has elapsed since the date of borrowing and the present, regardless of the fact that local authorities in Odessa regularly purchased and borrowed funds were spent, the purpose of borrowing has not been achieved and the positive changes that have been held in the city economy resulting from the use of credit funds were not held.

Companions Tymoshenko could become regionals

The People's Deputies Bogdan Gubsky, Anton Yatsenko, Sergei Osyka and Oleg Lyashko, formerly part of the faction BYUTB can join the Party of Regions. This was announced today by ex-Regions "Chornovil at a press conference. According to him, businessmen, previously excluded from BYUTB, tried to influence the formation of the parliamentary group "Reforms for the Future, is now considering the possibility of creating another parliamentary group in parliament. T. Chornovil suggested that it would try to involve representatives of the third-largest parliamentary faction NUNS. "And business, which today is headed Gubsky, Osyka, Yatsenko, who are not members of our group, will now decide - or create their association, which is unlikely, since it is not already out in quantity, or expected to enter the Party of Regions. Along with Lyashko they were probably in the Party of Regions, and will come "- T. Chornovil predicted. He also noted that binds a sharp reaction fraction of PR to create a parliamentary group "Reforms for the Future" with the fact that such education has entered into conflict with the plans of the Regions "to the beginning of spring bring the number of members of his faction for 190 people. "The task was the fact that his own faction of the Party of Regions, sooner or later has to reach a majority in Parliament - 226. As of today already looks totally unrealistic," - said ex-Regions. " According to him, members of the PR could make in their own faction of the business, "which were basically the problem." "Due to this de facto majority in the Verkhovna Rada may be created by the three factions - the Party of Regions, Lytvyn bloc and the Communist Party, they have together is 228 people, due to the fact that the Party of Regions has increased the number of its members", - said T.

GPU arranged Kuchma and Smeshko confrontation

In the Main Investigation Department of the Prosecutor General's Office held a confrontation of former Ukrainian President Leonid Kuchma and former SBU head Ihor Smeshko. On this after being questioned in the GPU, said I. Smeshko. "Today I have been investigations, including, I met with Leonid Danilovich," - he said and added: "I testified as a witness." Replying to a question clarifying whether this is a confrontation or just a meeting in the walls of the Prosecutor General, and where it took place, I. Smeshko said: "As you wish, so it's called." In turn, Kuchma confirmed that between him and former head of the SBU held a confrontation. The According to the ex-president, is nothing new during the investigation did not happen. "Remember that was 20 years ago" - he said. It was reported earlier that the interests of ex-President Leonid Kuchma, his late Michael Kisilevicha will now defend the lawyer Sergey Ulyanov. PGO Leonid Kuchma has brought the prosecution under a criminal investigation into the murder of journalist Georgy Gongadze. March 22 the First Deputy Prosecutor General Renat Kuzmin said that Kuchma's call recording, made in 2000 by the then Office of the State Guard officer Mykola Melnichenko, found physical evidence in a murder case journalist. Ministry of Industry

The Interior Ministry decided to pay a premium for the letterheads EDAPS

Company EDAPS won the tender for the supply of stationery MIA despite the fact that another company offers a lower price, says the complaint SE Kiev factory offset "to the Antimonopoly Committee Ukrainian Pravda wrote. In accordance with the protocol of the disclosure proposals tender offer to purchase submitted three members: - the state enterprise "Polygraphic Combine" Ukraina "(a quote - 130 139 182.2 USD) - SE offset Kiev factory" (a quote - 102 481 197 , 6 hr) - a consortium EDAPS (quotation - 108 206 760.0 hr). Tender won EDAPS. The sentence "the Kiev factory offset" was rejected as "inadequate documentation for competitive bidding - namely, in its composition there was no bank guarantee, which was required as a security proposal bidding. Complaint offset factory Antimonopoly Committee rejected.

HCP believes Lozinsky sentence too lenient

Imprisonment for 15 years yavletsya too lenient sentence for ex-deputy of the Verkhovna Rada of BYUTB Victor Lozinski. This was stated by Head of Support of Public Prosecutions in courts of the Prosecutor General of Ukraine, Mikhail Shorin, speaking on the First National Channel. According to him, during the 15 days allotted by law to appeal, the prosecutor, confirmed the indictment and the state prosecutor determined whether to appeal the decision of the court on appeal, requiring a more severe punishment for the former People's Deputy. "The court quite lenient sentence. A few days passed after that. The public prosecutor is studying the court records, it's more than 600 pages. The public prosecutor immediately proofreads the sentence is over 100 pages of printed text," - said Mr. Shorin. As reported previously the representative of public prosecution at the trial said that the GPU is insisting on life imprisonment for the murder of Vladimir Lozinski with cruelty resident of Kirovograd region. Valeria Oliynyk. Sam W. Lozinski not pleaded guilty, maintaining its original version that the deceased allegedly attacked him with a knife and then returned fire from a firearm. Note that immediately after the incident W. Lozinski faked murder in self-defense. In this case, the first deputy chairman Alexander Turchinov BYUTB and first deputy chairman of the parliamentary faction BYUTB Andrei Kozhemyakin said Vladimir Lozinski detained a dangerous armed criminal, so it must be submitted to the state award.

Yaroslavl sold Firtash Cherkasky Nitrogen

Chairman of the board of directors of Group DF Firtash become a major producer of mineral fertilizer company Azot (Cherkasy). Thus, Firtash concentrated in its management of 2.44% of world capacity to produce nitrogen fertilizers. At Ukrainian enterprises have 2,28% of world capacity. As reported by "Ukrainian News" Firtash controls an international group of chemical companies Ostchem Group, which includes "Rivneazot", "TajikAzot and Nitrofert. Also controls the businessman Severodonetsk Azot Association (Lugansk region) and Concern Stirol (Donetsk region). "Integration of chemical industry in Ukraine is the optimal strategy, which will preserve and enhance the productive capacity of the country. The same strategy was elected a global player in the fertilizer market, which are direct competitors of Ukrainian chemical industry ", - underline the press service of Firtash. Businessman Alexander Yaroslavsky, yesterday denied the sale of the enterprise, today announced the successful completion of negotiations. "We hit on his hands. From today, Cherkassy Azot owned personally Dmitry Firtash "- Yaroslavsky said in a commentary," The Mirror of the week. Ukraine ". Yaroslavsky said that its price ($ 800 million) was received: "This deal is - pure business. There's no politics. I was offered a good price and I agreed. "

Tuesday, November 29, 2011

Tigipko cut some 249 million UAH. only for the I quarter

JSC Dneprovagonmash "in the I quarter a net profit of 249.18 million USD. This is stated in the communication business. Moreover, its net profit for the period totaled 1.773 billion USD. Note that in 2010 Dneprovagonmash finished with a net profit of 314.04 million USD .. Moreover, its net income increased by 8 times the previous period, to 2.362 billion USD. Earlier, First Deputy Prime Minister Andriy Klyuyev said that the state budget in 2011 for the purchase of freight cars and gondolas planned to allocate about 1 billion USD. However, he clarified that the problem with the lack of wagons to transport coal in this way can be resolved within 2 years. JSC Dneprovagonmash (g.Dneprodzrzhinsk) produces long-haul trucks and industrial trucks, as well as specialized technology vehicles. The company is controlled by Deputy Prime Minister Sergei Tigipko. Ministry of Industry

Litwin quickly came to his senses

Chairman of the Verkhovna Rada Speaker Volodymyr Lytvyn has not changed his plans and went to celebrate Easter to the relatives of the wife. of the press-secretary of the speaker Olga Black news agency Interfax-Ukraine. "Vladimir as planned, went to visit his wife's mother" - said A. Black. Recall that V. Lytvyn became ill during the Easter Vigil service at Holy Assumption Cathedral of the Kiev-Pechersk Lavra. From there he was taken away "soon." Later it was reported that the life of Vladimir Litvin not in danger. Earlier, an adviser to President Anna Herman became ill during a live broadcast on one of the telecasts. Some time after that, she was admitted to hospital with a heart attack. Ministry of Industry

Nitrogen Cherkasky joined Firtash - media

The owner of the business group DCH Alexander Yaroslavsky sold to the owner Groop DF Dmitry Firtash a major producer of mineral fertilizer - Cherkassy Azot transaction amount from 700 to 800 million dollars. This is reported by the comment, citing sources in the domestic chemical market. Back in October, Yaroslavsky said that no negotiations for the sale of the enterprise does not lead, but hypothetically, may sell the plant, if offered a good price. Their asset businessman estimated $ 800 million. In early February Firtash confirmed that he intends to buy "Nitrogen". Azot - Ukraine's largest manufacturer of nitrogen fertilizers. Construction company was started in 1962, the first industrial batch of ammonia released in 1965. Today in its social structure includes 43 production units. The share of "Nitrogen" in the chemical industry is more than 80%. At the company accounts for 15% of the total production of ammonia, 24% of the total production of urea. Products are exported to Europe, Asia, USA.

Azarov is sure that Putin is no pressure on Ukraine

Russian Federation has never exerted pressure on Ukraine for entry into the Customs Union within the Common Economic Space between Russia, Belarus and Kazakhstan. This was announced today by the Prime Minister Mykola Azarov at a meeting with German journalists. "All of our meeting with Mr Putin, to my great satisfaction, saying that the Russian side does not use any coercive methods", - said Mykola Azarov. According to him, the Russian side has all the negotiations with Ukraine on a partnership positions. "Something to Putin's position does not suit us, something our position does not suit them, but never in the history of our relationship, he did not use the methods of pressure", - emphasized Mykola Azarov. He clarified that these relationships often differ from relationships with several other partners, who sometimes try to exert pressure on the Ukrainian side. "Sometimes in the form of an invalid attempt to impose on us their views. I could give many examples, but respecting their partners, I hope that soon the disease is to give advice in the form of pressure to stop", - said Mykola Azarov. However, he stressed that it is impossible to oppose negotiations on a free trade zone with the EU and relations with the Customs Union. "Some people really want to contrast these two process? This will not work" - zayaval Mykola Azarov. He also called for the speedy determination of the format of relations between Ukraine and the Customs Union. "From the West we have a free trade zone, and from the east we have a Customs Union.

IMF: external debt of Ukraine will grow

International Monetary Fund forecasts an increase in public debt of Ukraine in 2011. It is expected that 41,7% of GDP at end-2010 debt will rise to 42,4% of GDP in the IMF expects that in 2012 the state debt of Ukraine may reach 43.7% of GDP, and then begin to fall. In 2013, the debt can be reduced to 41,8% of GDP in 2014 - up 39.4% of GDP in 2015 - up 34.6% of GDP. As Ukrainian News reported, Ukraine this year alone has to pay its creditors about 80 billion UAH. Prime Minister Azarov said that today the average weighted interest rate on borrowings was 7.7% - three times less than in January 2010, when it reached 22% and sometimes 30%.

The banking regulator will develop a common EU rules for the banking industry

The new EU banking regulator - the European banking management (European Banking Authority, EBA) intends to introduce a single set of rules regulating the banking industry to the EU, the Financial Times citing a statement the new head of EBA, Andrea Enria. "I believe that now the principle of the organization must become more hierarchical, - said A. Enria in an interview with Financial Times, his first interview since his appointment as head of EBA, in January of this year. - Management should take an active part in discussions, make some decisions and ensure their implementation. Our strength - only one set of rules. If we once again will begin the confrontation of regulators, it will end. " Experts note that such a rigid position directly threaten the position of national regulators, in particular, the British Financial Services Authority (FSA), which in turn have a negative impact on innovation and the principles of free competition in the banking sector in Europe. "In five years we will communicate only with the EBA and Brussels. FSA would not comment after the event" - Financial Times brings words of the head of one of the major international banks. However, although the idea of ??victory is more effective single supranational regulator, compared with a variety of disparate national agencies secretly been preparing for many years, it took the world financial crisis to finally persuade European politicians to the need for a more centralized approach to banking regulation.

Banks are less willing to lend to agriculture

Banks do not risk investing in agriculture in Ukraine because of the unpredictable politics of the state in this sector. Hostage situation were farmers who can not attract credit resources. The attractiveness of the agricultural sector in the eyes of bankers rapidly declining. Finuchrzhdeniya mark high risks of lending farmers in neprgnoziruemoy regulatory policy sector. This was announced at the forum "Agribusiness in Ukraine", organized by the Adam Smith Institute Jacques Mounier President of the Board of Credit Agricole CIB "We were drawn to the Government with a request to fund seed kampaniyu.No how we - the bankers, we can trust the government if the private sector no longer trust him?" - he said. He noted that the most disturbing issues of private sector agricultural market - is a VAT refund, the introduction of quotas on grain exports, attempts to monopolize the export of agricultural products and activities of a new player in the agricultural market - "Bread Invstbud." Companies are investing in growing grain, but have no guarantees that they can sell it "- he says. Jacques Magnier said that last year, on the eve of the 2010 crop to the banks also make a complaint in connection with the low activity of lending farmers and then these criticisms may have been justified. "A year ago at this same forum I asked about this and I found that rather vseo yes, it is we, the banks do cho something wrong. But now I can say more - is now responsible for the situation lies with the state "- he seemed.

Yanukovych said, what are the prices

Housing prices in Ukraine will be formed depending on supply and demand without government intervention. This was announced today by President Viktor Yanukovych in the television project "The conversation with the country." "I'll tell you this: the price of housing will be market rate. This applies to the total price. But we're definitely going to create conditions for youth housing, will create conditions for development of the mortgage. The system of mortgage financing in the state will work" - said the head of state. According to him, and the social housing programs for the poor will be carried out by public funds. "Every year we watch how this will allow us to state a pocket to carry out an appropriate program," - noted the President. Earlier, Prime Minister Mykola Azarov said that the construction industry will come pre-crisis level in 2011. According to him, while in the current year in Ukraine will be built 10.2 million square meters. meters of housing, which corresponds to the pre-crisis 2007. Prime Minister expressed confidence that the success of this program to create the appropriate conditions. Ministry of Industry

Bankers are asked to protect

According to one of the sponsors of the bill deputy Yuriy Voropayev paper resolves three major sets of issues that hinder sleep as bankers and borrowers. The first of these - the technical changes necessary for an unambiguous interpretation of the rules of various laws and regulations applicable to figuring out who is who, what and for what reason should. The second block - greater responsibility for fraud to financial resources, in particular, for providing forged documents to obtain credit. "According to the actual Criminal Code, liability for fraud in the financial sector are only legal entities and physical persons-entrepreneurs, this time to finalize," - says Voropaev. And the third unit - the institution of bankruptcy. On the one hand, it is necessary to enable creditors to obtain all the information about the decisions of the courts of all instances of the bankruptcy of their debtors, on the other - to protect the banking system from attempting to natural persons-entrepreneurs use the bankruptcy procedure in the case of consumer credit. In addition, recalled MP, the bill prohibits foreign currency lending to the population, but allows the issuance of floating rate loans, while restricting the right of banks to impose additional fees or change their size in unilaterally. Banks also have the right to use the restructuring of a tool such as conversion of the loan amount at historical rates (the notorious 5.05). But do not forget that in this case, the borrower receives income that is taxable, so few of them agree to such a mechanism.

Yanukovych in Vietnam reached an agreement on direct flights

Ukraine, and Vietnam have agreed to direct air service between Kiev and the Vietnamese city of Ho Chi Minh City. Agreement reached on the visit to Vietnam by President Viktor Yanukovych The agreement was signed today on the results of bilateral summit talks in Hanoi. "The two leaders welcomed the opening of direct air service, scheduled for summer 2011 that will create conditions for further contacts between the two countries" - leads the text of a statement to Interfax-Ukraine. During the talks, the Presidents acknowledged the promising sectors of cooperation machinery and machine tools, agriculture, energy, oil and gas industry. Vietnam also wants to develop cooperation with Ukraine in the sphere of defense and security, in training.

New voting system will stop the Rada

The work of parliament can stay in the case of the introduction of a new voting system" Rada-3. This is the opinion leader Ukrainian People's Party of Yuriy Kostenko on the air on Channel 5. "" I predict that it will not be put in place, and if they will be introduced, so this is a one-week maximum. Because next Parliament will stop in their work ", - says Yuri Kostenko." The fact is that when this system was introduced, I recall the story, headed by the Verkhovna Rada Arseniy Yatsenyuk, was the Democratic majority, and yet could not put it into action because the block of Yulia Tymoshenko presented a large capital, which does not go to the Verkhovna Rada, we could not secure the presence of deputies to the Verkhovna Rada. Ukrainian parliamentary system will then work even without a system of "Rada-3, and the MP will go to vote in person, when the parliament will be presented to the ideological party, and not a business project, the so-called leadership projects that immediately surrounds the business, which migrates in Parliament - where the power is, there is a business, "- said the politician. Last Friday, the parliament speaker Volodymyr Lytvyn said that the testing of upgraded voting system" Rada "touch button will take at the next plenary week. At the same time he stressed the need to teach members to use this system. As we know, this system provides that the voting member begins with pressing the touch buttons, hold that he should press "yes", "Against" or "Abstain." assumed that if during the 11 seconds allotted for voting Parliamentarian let one of the keys, his voice will not be counted.

Employees of the Ukrainian Interior Ministry exposed the employee who caused the bank losses at 5.7 million USD

In the city of Kiev, public service employees to combat economic crime exposed the former chairman of one of the banks, who in 2006, without inspection of required documents, signed a credit agreement with a person that actually it did not enter any, inflicted losses than the specified banking institution in the amount of 5,7 million hryvnia. Informs the press service of Ministry of Internal Affairs of Ukraine. Office of Public Prosecutor of the capital criminal case on the grounds of a crime under Part 2 st.364 (abuse of power or position) of the Criminal Code of Ukraine. itsochnik: RBC-Ukraine

BYUTB revenge and representatives of the OU

BYUTB this week plans to make changes in the composition of the opposition government. This was announced today the publication "Ukrainian Pravda, citing a source in BYUTB. According to him, their positions will lose the people's deputies from OU Yuri Karmazin and Gennady Moskal, who voted in favor of amending the Constitution to extend the term of office of the parliament before October 20 102 years. "This week's meeting of the opposition government will not, instead, on Thursday held an expanded meeting of the faction, which will deal with this issue" - said the source publication. Recall that on February 1 BP has made changes to the Constitution, securing a separate rule to conduct a regular parliamentary elections last Sunday in October 2012 and the President - the last Sunday in March 2015. For taking on the whole the bill number 7265 310 deputies voted for the minimum required 300. In particular, the law supported by 180 deputies from the faction of Party of Regions, 7 - from BYUTB, 41 - from the OU 25 - from the Communist Party, 20 - from the People's Party and 37 individual deputies. After that faction BYUTB excluded from the structure 7 MPs who voted for these changes. Among them: Oleg Babayev, Ruslan Bogdan, Ivan Kurowski, Pavlo Movchan, Viktor Pavlenko, Anatoliy Semynoha, Anton Yatsenko. According to the ex-premier Yulia Tymoshenko, of this group has become stronger. Ministry of Industry

Monday, November 28, 2011

Ukrainians rasprobovali ATMs

In 2010, Ukrainians have significantly increased use of ATMs. According to the company "Ukrainian Processing Center" (UPC), number of payments to ATM increased by 300-400%. And the most popular transactions - cash withdrawals and request balance grew by only 4% and 5% respectively. Most often, cardholders turned to ATMs to transfer money between cards. In comparison with 2009 this type of transactions rose by 412%. The number of operations related to payment of mobile services at ATMs increased by 315%, and deposit services - 50%. "The number of transactions in 2010 exceeded pre-crisis level, because people kept cards are using them more often," - noted the chairman of UPC Anton Romanchuk. According to him, to influence the trend could not even reduce the number of users. Stop drop in the number of holders was only in December 2010 but the number of ATM transactions last factor had no impact, "- he added. The reason that fuel the interest holders, the caller calls the emergence of bundled offers banks and notified customers via ATMs. "Banks have started to use ATMs, not only for maintenance but also for communication," - shares information Romanchuk. Another factor that indirectly stimulate the activity of citizens, was the crisis of the banking system 2008-2010. "By reducing the various costs, banks have come to the conclusion that the development of additional ATM services are profitable and promising than to expand its branch network," - says a leading economist of the development of card business OTP Bank Artem Efremenko.

The IMF mission saw financial stability in Ukraine

The International Monetary Fund welcomed the establishment of financial stability in Ukraine, said the head of the IMF mission Athanasios Arvanitis during a meeting with Prime Minister Mykola Azarov, the press service of the government. "We've already had several constructive meetings in the government. The mission really agree that Ukraine has made significant progress, "- said Arvanitis. "We appreciate the fact that Ukraine has established financial stability, but we must remember that last year was quite difficult. Now the banking system of Ukraine returns confidence to the banking system returned deposits ", - he said. Head of IMF mission said that "the Ukrainian economy is recovering after the crisis and the trend of economic growth." Arvanitis said that "the necessary conditions for positive development in 2011, says limiting public spending, the transition to automated VAT refund according to the Tax Code and the implementation of pension reform." In turn, Prime Minister noted that in January the budget revenues were higher costs, switching to an automatic refund of VAT by the plan, which endorsed the mission specialists themselves, and pension reform are now actively discussing with the public: civil society, academics and experts. Recall from 1 to 11 February in Ukraine is an IMF mission. The purpose of the mission - carrying out discussions on the second revision of the program under the agreement stand by.

Chinese Central Bank is reforming its monetary policy to fight inflation

The People's Bank of China has separate, higher reserve requirements for small commercial banks and intends to continue to shift from targeting monetary aggregate M2 to more active use of monetary aggregates M3 and M4, the newspaper reported, "Zhongguo Chzhentsyuan Pao", citing its own sources in the industry. The People's Bank of China set a separate, higher reserve requirements on deposits in national currency for the part of small commercial banks to limit credit growth and ensure the financial stability of small banks, reported the publication. Basically, we are talking about banks operating at the local level, particularly in large cities. According to the newspaper, the measure is associated with rising inflationary pressure: the Central Bank forecast in January and February, inflation may exceed 5%. Publication of official inflation data for January is scheduled for next week. In addition to the introduction of special high reserve requirements for smaller banks, the Chinese Central Bank demanded that the commercial banks to limit the amount of loans issued in January 12% of the planned target set for 2011. As a result, according to the publication, many banks in the last ten days of January have stopped lending. Nevertheless, in January have been issued new loans to 1.2 trillion yuan (182.4 billion U.S. dollars). In 2009, Chinese banks had issued a record volume of loans - 9.59 trillion yuan in 2010 the Government had planned lending volume in 7.5 trillion yuan, but it was exceeded, was eventually granted loans to 7.95 trillion yuan.

Sergei Yaremenko: Withdrawal of deposits provokes continuing financial crisis

- In this situation, there is no alternative. In general, in Ukraine there was a problem caused by the monetary and currency policy of the NBU for 2005-2008. This policy has led to financial collapse and put it in the fall of the exchange rate at the beginning of the destruction of the financial system and, in particular, banks. As a result, investors appeared panic and a desire for withdrawal of deposits. Withdrawal of contributions provokes continuing financial crisis and could lead to complete destruction of the country's financial system. Almost the same regulation applies to a ban on the removal of deposits - a moratorium on the issuance of certain loans. This, in essence, the same measure that we are now trying to enter a civilized manner. Thus the economic problems are solved by a legal agreement between market participants. But if we keep this measure of potential economic problems? In general legal norm has never been a source of economic stability. -What is the likelihood of an outflow of deposits under this policy? - I do not think there will be an outflow of deposits. Will simply reformat the internal structure. In principle, the position of the corporate sector, ie banks, and forced her to do nothing, just like those of such methods at least to secure its legal status. But in this situation a lot of work on perelopachivaniyu total deposit portfolio. But I think that the behavior of the depositor upon the occurrence of any banking conflicts will still be characterized by an attempt to wrest the contribution that under no circumstances shall not be withdrawn. -The proposed National Bank of the measure - a temporary measure and it will act on a permanent basis? - No, I think this rule entrenched.

NBU released information about the owners of the Ukrainian banks

Tuesday, 8 February, the National Bank on its website published the report "Information about the owners of significant stakes in banks of Ukraine on 01.01.2011 year."

NBU: The IMF experts are satisfied with the Ukrainian authorities

The mission of the International Monetary Fund (IMF) extended the work in Kiev for several days. IMF experts have seen the financial stability of the country "experts of the IMF mission continues. In particular, today began a meeting at the Ministry of Finance. Completing the mission is expected early next week "- said to Interfax-Ukraine government source. At the same time, as reported by the National Bank of Ukraine (NBU), the IMF experts welcomed the measures of the Ukrainian authorities for overcoming the effects of global economic crisis. "The IMF experts appreciated the changes that took place in Ukraine in 2010 as in the fight against the global economic crisis and for strengthening and reforming the state's economy", - stated in the NBU. According to the report, IMF mission head Thanos Arvanitis was pleased with the proper execution of the National Bank commitments to the program. "At present, work on the second review of implementation by Ukraine of obligations under the stand by the program is in its final stages. In particular, the parties have already begun negotiation of the letter of intent, which, in accordance with the progress made, will be determined by the problem of Ukraine ", - said the NBU. We recall the work of the IMF mission in Ukraine was planned in the period from 1 to February 11: discusses the macroeconomic situation in the country and the fulfillment of the conditions of a country program of stand by.

Ukrainians paid dearly for the game of bankers

Ukrainian taxpayers have paid too high a price for the recapitalization of troubled banks. This was stated by the head of the National Bank of Ukraine Poroshenko. "is the price that taxpayers paid for a Ukrainian relative stabilization of the banks that was excessive and unjustified. In the case of Nadra Bank to act so you can not "- said Poroshenko. In his view, the whole experience of state involvement in the recapitalization of banks was rather negative. However, the head of the NBU Council found that there were some good examples, in particular Prominvestbank, where the situation healthier advent of private ownership. Earlier, President Viktor Yanukovych instructed the Cabinet of Ministers of Ukraine and National Bank to start paying depositors Rodovid Bank. At the same time the National Bank extended the powers of the interim administration in Rodovid Bank until September 15, 2011. Recall that in 2009-2010 years as part of the recapitalization of banks under government control shifted UkrGasBank, Kyiv Bank and Rodovid Bank. This financial institution has been allocated about 17 billion USD. budget. It is worth noting that the critical situation in these banks has arisen in connection with the management policy, which took them to the owners and management. Following an international audit in September 2010 found that Ukrgasbank, Kyiv Bank and Rodovid Bank needs new capital injections to 12.5 billion USD. In addition, the problem of Nadra Bank claims to financial support from the States in the amount of 3.5 billion UAH.

In the U.S., a young bank robber was shot in the air

18-year-old bank robber, hostage taking, sniper shot and killed in front of millions of Americans, according to Pravda.Ru. U.S. television showed the entire operation rescue the hostages. According to "Rossiyskaya Gazeta" in one of the banks of North Carolina broke into armed robber and demanded the cashier give him all the money from the cash register. At this time in the room were seven people. One of them managed to quietly press the "panic button", then a few minutes later the bank was cordoned off by police. The robber asked to surrender but he refused and said that he took hostage all located in the bank. During the negotiations, he agreed to release four men in exchange for a promise to the police to fit it to the door of the car. The police pretended to agree. The robber left the bank together with a female hostage at a temple where he had a gun and shouted that he would kill her now. At this point, the sniper shot him, shot in the chest and killed on the spot. None of the hostages was injured. Robber was 18-year-old Mitchell Devol, pupils in local schools. The police acknowledged that "it ended not as we wish." The investigators will find out how competent were the actions of the sniper. Source: NewsInfo

Bankers: It is too early to say that the banking system overcome the crisis

A decrease in interest rates and renewed access to global debt capital markets - are the main trends, the banking system called the representatives of the Forum, leading international financial institutions (FVMFU), who presented his study "An Overview of the banking market" at a press conference in Kiev. At the same time, according to experts, an obstacle to the restoration of the Ukrainian banks remains relatively high level of bad debts. Among the factors that hinder the stabilization of the banking sector, has been named as the vulnerability of creditors because of lack of an optimal regulatory framework and unpredictable practice of its application. "In Ukraine, widespread bogus bankruptcy procedures, for which the courts look" through his fingers. "Difficulties also arise during the implementation of pledges," - said a member of the Board of Directors of the Forum, Chairman of the Board of Ukrsotsbank Boris Tymonkin. Recall FVMFU was established on 9 banks with foreign capital in May 2010: Credit Agricole CIB, Citibank (Ukraine), ING Bank Ukraine, OTP Bank, Platinum Bank, Pravex-Bank, Raiffeisen Bank Aval, UkrSibbank and UniCredit Bank. On materials FINANCE.UA

Foreign currency loans outside of the law: banks, borrowers no longer need?

The decision of the Supreme Court of Ukraine is specialized in civil and criminal cases (VSSUGUD) recognized the illegal issuance of OTP Bank currency credit, has created a very dangerous precedent in the financial system. Recognition at the level of appeal invalid credit contracts in the currency of one bank threatens mass use of this jurisprudence others (lawyers, lenders, guarantors, etc.). Bankers suggest: after the decision VSSUGUD they encountered repeatedly increased flurry of lawsuits by borrowers who try to evade repayment of their debts. If the courts will stand to the side of unscrupulous borrowers might happen collapse the state of the monetary system. Seriousness of the problem is confirmed by the fact that today in the foreign currency denominated almost half of bank loans. Currency misunderstanding attempts of debtors to challenge the legality of lending in foreign currency being taken for the past two years. The process has put the sensational trial between VTB Bank and Donetsk Ltd. "Central", which resulted in local economic and appellate courts to invalidate credit agreement (and with them - and the contract of mortgage) on the grounds that the loan was issued not in UAH and foreign currencies. The Court considered that at the conclusion of the exchange agreement, both parties were required to obtain a so-called individual foreign exchange NBU license. Achieve cancellation of the decision of Donetsk appeal economic court bank failed. And only by a decision of the Supreme Economic Court, with subsequent confirmation of its judges of the Supreme Court, had proved the truth of the bank.

As precious metals will replace paper money

Author: MacLeod, Alesder, financial analyst and commentator. FinanceAndEconomics.org. The collapse of the global banking system - is only a matter of time. Those of us who are planning a life after this, it's time to think about what might replace the system of fractional reserve and fiat money, which are their "working" capital, but first we must understand why the modern banking system collapses. The origins lie in the failure of banks fractional reserve system, whereby the volume of bank loans to many times their capital. The problem with this system is that if some investors decide to withdraw their money at the same time, the bank will be able to meet this demand only partially. In this state, modern banks stay permanently. We know this, but believe that raids on the bank will not. In the current financial situation, such a relaxed confidence is dangerous. 5-10% of the capital stock of the major international banks heavily discounted, and this damage is masked by accounting standards, devised to conceal the real situation, rather than to inform the creditors. We all know that. However, more and more clear that when will high inflation and interest rates inevitably rise, there is a global downturn. As a result, the growth rates of banks would face an increase in delinquencies that would destroy most, if not all of the remaining capital. Unfortunately, the ability of governments to rescue banks is currently very limited due to the unprecedented deterioration of public finances since the beginning of the first banking crisis.

NBU sold on March 22 banks certificates of deposit at 15 million hryvnia

The National Bank on Tuesday, March 22, the banks sold their certificates of deposit totaling 15 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 1 jar. As reported, the NBU March 21 banks sold their certificates of deposit totaling $ 310 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 National Bank drew 25,764 million hryvnia to banks. In 2010, the NBU has attracted 248,097 million hryvnia to banks. The National Bank conducts deposit auctions to withdraw from the market of money to spare. Materials: Ukrainian News

Russian Central Bank encourages banks to diversify their liabilities

Central Bank is working with Russian banks, aimed at diversification of liabilities, told the director of the department of banking regulation and supervision of the Central Bank of Russia Alexey Simanovsky. According to him, while the CBR is not going to fix it is normative. A. Simanovsky explained that some banks, a high concentration of risks on business owners and credit of individual industries. In addition, in his opinion, do not forget about the other side of the balance sheet - liabilities. "It is sometimes high concentration on the liabilities side, first of all it's contributors. On this side of the balance also needs to pay attention," - he said. Director of the Department of the Central Bank added that the regulator is of interest concentration of risk for liabilities in excess of 50% of the liabilities. He explained that first and foremost interested in the credit institutions, where one source of funding to one group more than 50%. In particular, if individuals' deposits in bank liabilities exceed this figure. A. Simanovsky also stressed that discusses the different periods, during which should happen diversification of these liabilities. "Until three years, I believe the term is sufficient. If far beyond four years, a few lost sense of reality," - he said. However, the representative of the Central Bank added that he believes this issue is so important, as the diversification of banks' assets.

Sunday, November 27, 2011

The share of NPLs in the portfolios of banking institutions in Ukraine makes up 30-40%, - the expert

Share of NPLs in the portfolios of banking institutions in Ukraine makes up 30-40%. This was during a press conference, said a board member of the Forum's leading international financial institutions Steven Fisher, the correspondent of RBC-Ukraine. S. Fischer noted that over the past few months the number of restructured loans, some banks had reached 60%. "This problem must be addressed at the legislative level, in order to clean up their balance sheets the banks, and thus recapitalized and continue working to restore healthy lending," - he said. S. Fischer added that the rating agency Fitch in its report indicated that the level of problem loans is very serious. In turn, chairman of the board of Ukrsotsbank Boris Tymonkin noted that banks' loan portfolios is approximately 30% of non-performing loans: "There is discussion about 25-30% of non-performing loans." Source: RBC-Ukraine

Yuriy Blaschuk: Sotsіalny bankіvskoї SYSTEM OF CAPITAL

Author: Yuriy Blaschuk, defender's head for the sake of AUB, a member of Ukrayinsky credit union bankіvskogo For bankіvskih established zavzhdi viznachalnim parameter LUVs i zalishaєtsya rіven kapіtalu. Vіn absolutely neobhіdny for zdіysnennya bankіvskoї dіyalnostі. Ale in tsіy stattі proponuєtsya obgovoriti іnshy form kapіtalu - sotsіalny. Іnshimi words mova yde about samoregulyuyuchі bankіvskі ob'єdnannya, in fact chislі - bankіvskі asotsіatsії kraїni. Tsey ruh pochavsya in Ukraїnі have zv'yazku is processes of stvorennya komertsіynih bankіv that ekonomіchnoї i polіtichnoї іdentifіkatsії Ukraine. Persha lastіvkoyu bula Asotsіatsіya Ukrainian News bankіv. Її stvorennya in 1990 rotsі Bulo natural y ruslі stvorennya komertsіynih bankіv. Sogodnі in asotsіatsіyu included 117 bankіv, sіm regіonalnih bankіvskih soyuzіv, p'yat іnshih established. Її robot was novim i tsіkavim etapom vіdnosinah is a sovereign regulator. Dіyalnіst asotsіatsії privertala uvagu not tіlki bankіvskoї spіlnoti, and R bula garni butt for stvorennya іnshih galuzevih asotsіatsіy. Robot in kerіvnih bodies asotsіatsії bula duzhe pochesnoyu i privablyuvala The Best kerіvnikіv bankіv. Pam'yatayu, yak, I gotuvavsya to vistupu on z'їzdі AUB 1999 roku. Tse Bulo hvilyuyuche i zapam'yatalosya nazavzhdi. In Tsey perіod chіtko dotrimuvalisya principles dіyalnostі: regulyarnіst zvіtno-vibornih zborіv, rotatsіya kerіvnih organіv, efektivnіst lobіyuvannya. All vіdbuvalosya on fonі entuzіazmu stvorennya nezalezhnoї power.

NBU sold on March 23 banks on certificates of deposit 372 million hryvnia

The National Bank on Wednesday, March 23, sold their bank certificates of deposit totaling $ 372 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 on 22 March, the banks sold their certificates of deposit totaling 15 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 National Bank drew 25,764 million hryvnia to banks. In 2010, the NBU has attracted 248,097 million hryvnia to banks. NBU shall deposit auctions to withdraw from the market of money to spare. Materials: Ukrainian News

Gennadiy Bogolyubov, increased its stake in Privatbank

One of the owners of Privat - Gennadiy Bogolyubov - increased its share of the financial institution by 0,03 percentage points - up to 49.027% of the shares, the newspaper "Delo". The fact that the shareholder structure of the largest bank in Ukraine has undergone a change indicates a message Privatbank in the official press. "According to the registrar took the following changes in the composition of shareholders, who own 10 percent or more of the voting shares of the issuer. Namely: the size of the stake an individual has increased to 23,773,384 units. Ordinary shares (49.027% of the share capital)," - says message. Recall, according to the National Bank of Ukraine at the beginning of October 2010, among persons who own more than 10% of the shares of Privatbank, appeared Igor Kolomoisky and Gennady Bogolyubov. Igor Kolomoisky at that time belonged to the 49.154% stake in the bank, Gennadiy Bogolyubov - 48.997% stake. According to NBU, on October 1, 2010 by total assets Privatbank was the largest financial institution in Ukraine. Its assets were 104.4 billion USD. Loans to the bank to legal entities, reached 71.7 billion USD., The loan portfolio of physical persons - 19,3 bln. Liabilities of the bank by October 1, reached 92.9 billion USD. In particular, the means of the population - 49,5 bln., Funds of enterprises - 18,2 bln. Bank's own capital - 11,5 bln.

The court will consider the case Pukach April 28

Court in Kiev will begin a preliminary hearing on charges the former head of department of external surveillance of MIA of Ukraine Alexey Pukach on Thursday, April 28. In particular, the preliminary hearing, appointed by 11.00 and will be held at the courthouse, located ul.Kreschatik. Recall, April 1, the General Prosecutor, the indictment in a criminal case on charges of A. Pukach. Also, the criminal case was forwarded to the Pechersk district court of the capital, for consideration on the merits. As reported, on 6 December by the Head Office to investigate critical cases the Prosecutor General has been completed, the criminal investigation regarding allegations A. Pukach. Ex-Head of the Criminal Intelligence Department of the Interior was wanted since 2005. In July 2009, the village milk Chudnovsky district, Zhitomir region, he was detained. Ministry of Industry

Yanukovych told the Vietnamese about the art of diplomacy

Adopted in 2010 a law on the principles of domestic and foreign policy created the conditions for cooperation with the Russian Federation, the United States and the European Union. This was stated by President Viktor Yanukovych in Hanoi, by entering into Vietnam-Ukrainian business forum. He noted that the Act was assigned to neutral status of Ukraine. "Such a position we have created the conditions for normal cooperation with all the world's leading nations, including those from strategic partners - Russia, the U.S. and the EU. We have dramatically changed the atmosphere of the Ukrainian-Russian relations and brought them to the level of real strategic partnership" - said V. Yanukovych. According to him, the principle of non-alignment - it is an objective need for the new Ukraine, due to current geopolitical realities. "By refusing to participate in military alliances, not only do we have removed a significant domestic political tensions around the issue, but took a step toward increasing the level of security throughout Europe. We have also planned to carry out our multi-vector policy, and are building a pragmatic and mutually beneficial relations with the countries of South-East and Pacific Basin, "- said Viktor Yanukovych. He stressed that his previous trips to China and Japan, as well as the current visit to Viet Nam complement each other. "We are very pleased that our Vietnamese friends carry a wide win-win policy with China and with Japan and other countries.

National Bank noted the economic revival of basic industries

In February, the growth index of production of basic industries has accelerated - to 10.5% in annual terms (9.8% in January-February compared with the corresponding period last year). This is stated in the report of the National Bank of Ukraine. The main factor for economic revitalization National Bank notes the favorable external economic conditions. Rising prices for metals (35.7% in February, in annual terms) stimulated the production capacity of metallurgy (17.4% in annual terms). Revival of the Russian economy under the influence of increase in oil prices has increased demand for domestic engineering, growth rates which were 30.1%. As a result, industrial production growth accelerated in February to 11.5% in annual terms, 1.1% excluding seasonal factors. An additional factor of industrial expansion was the growing domestic demand, including by restoring consumer lending. The growth of loans in local currency in February was 13.8% in annual terms, in real terms, growth was 6.2%. Domestic consumer demand helped increase the volume of retail trade - up 13.7% in annual terms, stated in the NBU. In 2011, the continued improvement of the financial results of enterprises. So, according to the National Bank, in January, income of enterprises increased by 23.8% in annual terms, while losses decreased by 9.9%. "According to our estimates, real GDP growth accelerated in February 2011 and amounted to about 7% in annual terms. During January-February, GDP grew by about 6.5% compared with the corresponding period last year," - noted in the NBU.

Laws governing the payment of insurance premiums is not relevant

Banks must closely monitor the business, people's deputies and decided to develop a new draft law to strengthen payment discipline in the payment of contributions to social insurance funds. The bill provides that banks will accept an order for payment of salaries and give money only on condition of simultaneous presentation of documents on payment of the amounts of insurance premiums. In case of failure to do so, the banks at their own expense should pay money to the funds. The banks will be financially liable to the fund for the late receipt of money. Experts on banking law surprised. They say that already has a law providing for supervision of banks for the contributions. "The bill is no longer relevant. All those rules, which required changes to the bill, have already been excluded in connection with the adoption of law on a single contribution. This law envisages the obligation of banks when receiving money orders or checks at a cash advance for the payment of salaries to verify the payment of the fee "- said Sergey Vasilishin, a partner at the law firm.

Ukraine and Russia have suspended the division of inheritance

Canada and the Russian Federation has suspended talks on the disputed ownership of the former Soviet Union abroad. This was announced today, the Ukrainian Ambassador to Russia Vladimir Yelchenko at a press conference in Moscow. "The fact that both sides had reached its extreme positions and failing to find a common language, we set for ourselves have concluded - we must take pause and think about what to do with the matter. I think the same conclusion made by the Russian side" - said Vladimir Yelchenko. According to him, with some negotiating positions have become redundant, for example, some items of property that Russia was ready to transfer in Ukraine in Africa. According to V. Yelchenko also need to upgrade the bilateral agreement that regulates the activities of diplomatic missions, which will improve their work. The ambassador noted that the experts did not stop contact, but during the past year, negotiations on this issue had not been maintained. "We shall return to this subject when we realize that the parties to develop new approaches," - said the ambassador. Recall, May 18, 2010 Manager of the Russian President Vladimir Kozhin said that Russia hopes for consent to transfer the right of Ukraine to the entire property of the former USSR abroad in favor of the Russian side. In turn, President Viktor Yanukovych May 25, 2010 said that Ukraine does not recognize Russia's claim for the entire property of the former Soviet Union abroad.

NBU sold on March 28 banks certificates of deposit to 169 million hryvnia

The National Bank on Monday, March 28, sold their bank certificates of deposit totaling $ 169 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 $ 8 million hryvnia, for a period of 7 days on the weighted average interest rate of 2.0% per annum 1 bank $ 11 million hryvnia, and for 14 days at the weighted average interest rate of 2.5% per annum 1 bank $ 150 million hryvnia. As reported, the NBU March 25 banks sold their certificates of deposit totaling $ 500 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 National Bank drew 25,764 million hryvnia to banks. In 2010, the NBU has attracted 248,097 million hryvnia to banks. NBU shall deposit auctions to withdraw from the market of money to spare. Materials: Ukrainian News

Nippon Steel has recovered after a disaster in Japan

Japanese steelmaker Nippon Steel brought production at the three blast furnaces in the east of the country's pre-crisis level. This was stated in the concern, reports Reuters. Recall that Nippon Steel has recently resumed shipping products with virtually all its businesses. The only exception is the steel mill Kaimishi, which is located in the northern part of Japan. In addition, the Corporation re-commissioned the blast furnaces in the production of near Tokyo. They were stopped after the earthquake on March 11. As is known, Nippon Steel increases prices for H-beam by 6%, or 5 thousand yen / ton (60.3 U.S. $ / ton). Thus, the corporation tries to compensate for rising production costs. Previously reported that Nippon Steel expects growth in operating costs in the April-June. It is assumed that during this period of the holding costs increase by 15 thousand yen / ton (183.5 U.S. $ / ton). "Nippon Steel Corp." considered the largest in Japan and the world's second largest steel company. Ministry of Industry

"Fitch": quality of the assets of Ukrainian banks remains weak

Balance of Ukrainian banks are still saddled with large amounts of bad loans, and the process of "clearing" of portfolios by recoveries on loans and write-off is slow, this opinion is shared by the agency "Fitch Ratings". This is related to the press service of the agency. At the same time, according to the agency, there are signs of stabilization in asset quality. Based on management accounts of banks rated "Fitch", the total level of problem loans (loans overdue by more than 90 days) and restructured loans amounted to 56% at the end of 2010, unchanged from the end of 1 half of 2010, while the share of problem loans has increased from 18% to 21% in the 2 half of 2010 The agency noted that levels of problem and restructured loans vary considerably from bank to bank, compared with these averages and may be more significant in nereytinguemyh banks. According to the "Fitch", two major problems for the Ukrainian banks in 2011 as in 2010, will manage the problems of asset quality and a new lending. Their implementation should support the growth of GDP (the agency predicts growth of 4,5% in 2011 and 4,8% in 2012 compared to 5% in 2010) and the ongoing recapitalization of banks. "At the same time advancing a negative impact while the weak position of many actual and potential borrowers. In addition, the limited availability of long-term funding in local currency and has a significant level of leverage in the economy is constrained credit growth," - told the agency.

Saturday, November 26, 2011

In Ukraine, will be less than the unemployed

Director of Public Employment Service, Vladimir Galitsky predicts that the unemployment rate in the current year slightly lower. "This year will be challenging. I think the unemployment rate declined marginally, with the increased number of employees of Ukrainians, as well as wages rise slightly, "- says Vladimir Galitsky. According to him, now the country's real number of unemployed is 1.4 million people, and the level of employment is - 45 -47%, that in his opinion, is a good indicator as compared to 2010, when it was 37%. In early March, Deputy Prime Minister Sergei Tigipko instructed the State Employment Service to turn out new approaches in the field of employment, in particular to develop the ability to move labor force in those regions where there is a need, and make contact with employers to obtain information about public specialists they need. Let us recall that in January, the official unemployment rate in Ukraine has increased by 0,1% compared to the previous month, to 2,1%. In particular, in January, the State Employment Service had registered 585.6 thousand unemployed, of which 447.9 thousand receive unemployment benefits. Also, the average size of the temporary unemployment benefits amounted to UAH 814.02. Ministry of Industry

AUB supports the decision of the Supreme Court's recognition of the legality of granting loans in foreign currency

The Supreme Court of Ukraine (AFU), examined the case for annulment of the loan agreement in foreign currencies are made on the side of the legitimate interests of creditor banks and abolished the decision of the Supreme Court for consideration of specialized civil and criminal cases (VSSGUD) according to which bank creditor has been recognized so that he had no right to issue foreign currency loans without personal monetary license. The Association of Ukrainian Banks welcomed the decision of the Supreme Court of Ukraine. As you know, in December 2010 VSSGUD his decision upheld the lower court, which invalidated the loan contract in a foreign currency mortgage agreement in connection with the absence of parties to a contract of credit an individual license of the NBU for the use of foreign currency on the territory of Ukraine as a means of payment. On this occasion, the Association of Ukrainian Banks was sent to appeal to the President and other government bodies to take decisive action on the prevention of the threat of mass non-repayment of foreign currency. As noted in a letter to the President of AUB Alexander Sugonyako to the President of Ukraine Viktor Yanukovych, on a review of claims of borrowers to the banks of termination of credit in foreign currency in 2009-2010, the judicial system of Ukraine has developed a common practice, which confirmed the legality of the issuance by banking institutions of Ukraine of loans in foreign currency if the bank's banking license and written permission from the NBU to carry out foreign exchange transactions.

Soros has agreed to pay for Ukrtelecom 10.5 billion USD.

Company "Epic Financial Consulting Gesellschaft" agreed with an estimate of 92.79% stake in Ukrtelecom at 10.575 billion USD. and intends to complete the transaction in the first half of March. This was reported today news agency Bloomberg, referring to the managing partner Peter Goldsheydera. According to him, Epic is currently in talks with banks that can provide financing. "This is certainly the largest deal we're doing. This is the full value and its hard to take in the banks," - said P. Goldsheyder. Earlier, Chairman of the Board of Ukrtelecom Dzekon George said that the State Property Fund set the starting price of state shares in the company's 10.5 billion USD. is overestimated. Recall, February 11, the State Property Fund of Ukraine after the assessment, made a proposal LLC Yeosu "buy Ukrtelecom for 10.575 billion UAH. Ltd. Yeosu is owned Austrian concern Epic, which represents the interests George Soros Quantum Fund in Eastern Europe. Ministry of Industry

PR: external debt of Ukraine is 42% of GDP

Alexei Plotnikov Notwithstanding the need to channel enormous sums of money from the state budget for repayment of loans, Ukraine has no problems with servicing the external debt, said MP from the Party of Regions, Alexei Plotnikov. "Do not forget that we have - a very heavy burden left by the previous government ... Unfortunately, she has gained them an extremely adverse conditions. Took a loan under 30% per annum, while the present government is taking an 8% "- quoted the MP's press service of the Party of Regions. According to Plotnikov, in the case of a subsequent 5% annual GDP growth would be to abandon foreign borrowing and to pass on their own resources to restore the economy. Speaking about the amount of debt relative to GDP, the parliamentarian said that early last year was 38% and now stands at 42%, so that the authorities had to take out loans for debt service. However, he informed that this year Ukraine has to pay 19 billion UAH. by external borrowings, which were implemented as early as 2008-2009, and to renounce foreign borrowing country will be able to not earlier than 2014.

Swiss banks will disclose information about its customers

The Swiss finance ministry said they would provide information about the owners of bank accounts, if the foreign authorities will provide only an account number that you want to check, or other information such as credit card or social security number. So far, for detailed account information on Swiss banks demanded full details of the account number and the name and address of its owner - a claim that was not made in most countries in similar cases, and significantly it difficult for foreign authorities information about the accounts of its citizens, suspected tax evasion. Source: Companion Channel

Head of State Administration extorted 120 thousand

The police detained the chairman Turka district administration in Lviv region Basil Chernyansky on suspicion of extorting a bribe of 120 thousand dollars, told a representative of the Main Department of the Interior Ministry in Lviv region. According to the Ministry of Internal Affairs of PG, an official with an accomplice, who served as head of the local department of the State Enterprise Centre of the State Land Cadastre "and demanded the businessman a bribe for a solution to land issues. Helped them in this mediation. Attackers managed to get the first part of the bribe - 33 thousand dollars, of which 15 thousand dollars left himself chairman of the district administration. The money was later found in his home. While another 17 thousand dollars of this amount, law enforcement officers found in the workplace chief of the Center of the State Land Cadastre ". In addition, investigators found there are about 270 thousand UAH. and 6 thousand dollars V. Chernyansky was appointed chairman of Turka district administration order of the President of Ukraine Viktor Yanukovich on 15 June 2010. Ministry of Industry

Bankers and insurers have discussed the Code of Professional Ethics

Tuesday, March 29, chaired by the Vice Chairman of the Antimonopoly Committee of Ukraine (ACU) Helena Chernelevskoy discussed the revised draft Code of Professional Ethics in the field of cooperation between banks and insurance companies. About this LIGA.Finansy told the press service of AMC. Need to establish a code, according to AMC, was due to vЂ <vЂ <a lot of problems in these markets, the lack of rules of conduct of banks, insurers and individuals interested in providing their own services. Given this, AMC has initiated developments of the agreed proposals to address these areas with scientific experts, representatives of the Association "Ukrainian Insurance Federation, the League of Insurance Organizations of Ukraine, banks and insurance companies. In the discussion, the main participants and regulators of markets for banking and insurance services made their constructive comments and suggestions to the Code. "Code of Ethics is intended to balance the interests of participants of banking and insurance services, respectively, will have a positive impact on consumers - said in an address to the meeting E. Chernelevskaya. - The new mechanism will increase the level of integrity, transparency and openness in these areas. Document comfortable terms of use should become a reference book on the desk of each employee of a bank or insurance company. Based on the discussions, the draft Code approved by the parties, is expected to be in the direction of AMC as an application for concerted action.

Ukrainian metal products more expensive

Average growth of export prices on Ukrainian steel products in 2011 will amount to 12% on the previous year. This forecast was voiced by an analyst at investment firm BG Capital Eugene Dubogryz. In particular, according to forecasts, the price of square billet was 574 dollars per ton slab - 570 USD / ton roll - 665 USD / ton and a thick sheet - 719 USD / ton. According to experts, this year will continue the growth of demand for Ukrainian steel. It is estimated that exports of Ukrainian steel in 2011 will grow by 13.5% to 27.5 million tonnes, including by increasing the supply of semi-finished products to the countries of Southeast Asia by 18% to 3.84 million tons. In addition, the possible removal of restrictions (duties of 15.63%) on the supply of Ukrainian metal products to Canada will increase exports by another 150-250 thousand tons. Also, the expert believes that in 2011 domestic demand for steel will grow by 22% to reach 7.7 million tons. About 6 million tons of this amount will provide domestic enterprises. Stimulating growth in domestic demand will contribute to the implementation of projects on Euro-2012. Earlier in the Ministry of Industrial Policy predicted that in 2011, domestic steelmakers will increase steel output by 5% to 34 million tons. As you know, in January-November 2010 in Ukraine steel production increased by 9,8% compared to the same period of 2009 to 29.648 million tons. Ministry of Industry

The official exchange rate on February 28

On February 28 the National Bank has established the following official rate of hryvnia against foreign currencies: 100 USD - 793.0700 (February 25 - 793.1700), 100 EUR - 1091.4229 (February 25 - 1092.4330) 10 RUR - 2.7403 (February 25 - 2.7200).

The official exchange rate on February 18

On February 18 the National Bank has established the following official rate of hryvnia against foreign currencies: 100 USD - 794.1700 (February 17 - 794.1700), 100 EUR - 1076.8945 (February 17 - 1072.9237) 10 RUR - 2.7156 (February 17 - 2.7129).

Dnipropetrovs'k get rid of the propellants

Dnipropetrovs'k goes to industrial utilization of solid rocket fuel. On RSA chairman, said Alexander Vilkul at a meeting with Director General of SE "Pavlograd Chemical Plant Leonid Shimanov. March 30, will be commissioned a full-scale plant for recycling of TRT, which significantly speed up the process. This year the state budget of Ukraine will be allocated 72 million USD. for recycling, "- said the governor. A. Vilkul stressed that the issue of utilization of solid rocket fuel is in his personal control." In 2010, the area reclaimed solid rocket fuel is greater than in the past 5 years. If from 2006 to 2009 were recycled, 131 tons TRT, in 2010 already 137 tons. In 2011, the scheduled recycle 170 tons of rocket fuel. This is certainly positive momentum we have achieved, "- he said. The governor considers it necessary to prepare a new national program for recycling of solid rocket fuel." Because the program adopted 6 years ago, is outdated. It must be taken at government level, we are ready to assist in this, take an active part in its development. The task of the state level - to put an end to this problem which has lasted for almost 20 years, "- he concluded. As you know, in 2009 at the Pavlograd chemical plant was planned to run the industrial unit on the leaching of rocket fuel, but later on these dates were postponed. So then the fuel at the plant destroyed in the experimental setup. Ministry of Industry

Gas talks with Russia is not stopped, but did not move

Mykola Azarov Prime Minister Mykola Azarov at a meeting with business representatives in Germany cautiously praised the talks with Russia to revise the gas agreements "To say that we have achieved some progress in negotiations, I can not say. Say that they stand still, can not either, "- said Azarov. The Premier gave assurances that he is present optimistic about these talks, as Russia and Ukraine are strategic partners. As reported by "Ukrainian News", the head of government is counting on long-term guarantees from the EU and Russia over the constant volume of gas transit through Ukraine. "Our first task - a revision of the (gas) unequal agreement for us bonded agreements, transfer to clear, at least for us, position. Second - we would like to receive assurances from the European Union, the EU for an extended period of time will buy gas from Russia, Russia will sell it, and we will be his tranzitirovat "- said the prime minister.

Tax Code of Ukraine returns during azarovschiny - media

Government of Prime Minister Mykola Azarov gave unlimited power over the business in the hands of the tax authorities. Tightening tax administration by the Tax Code, the former head of the Tax Administration freed the hands of tax inspectors in the production of money in the budget adopted in November 2010 Code of the Ukrainian business met with hostility. In particular, its second section, which refers to the tax administration. This section is a big step back - at least directly during the "azarovschiny" are particularly memorable Ukrainian businessmen desire to control all of the tax from the market traders to large businesses and to squeeze the most out of them, writes Investgazeta. Administration of taxes, probably the central part of the Achilles' heel of the investment climate in Ukraine. Our country ranks 181 th among 183 countries in terms of paying taxes in the World Bank and International Finance Corporation's Doing Business 2011. Here intertwined several components. On the one hand, this level of complexity of calculating taxes. The average Ukrainian company spends 657 hours a year (for comparison, in Georgia - 387 hours). Additional burden for businesses are visiting regulatory bodies and the cost of paying the cost of temporary workers who are tax records. On the other hand - arbitrariness of the tax authorities. Any company in Ukraine is forced to work in conditions of multiple checks and a variety of coercive methods, available in the arsenal of tax. "However, the logic of the tax authorities in their own way is also understandable.

Friday, November 25, 2011

Tigipko warned of an influx of migrant workers

Tihipko Vice Premier - Minister of Social Policy Tihipko predicts growth of labor migration in Ukraine "in the near future, and a half years, we will grow another problem - the problem of migration. We were going to be people who will have to look for work "- he said. According to Interfax-Ukraine ", a tendency to an influx of migrant workers Tigipko sees today. "We already see that Ukraine is interested in such people, and we must think how to solve this problem", - said Deputy Prime Minister.

Yanukovych has asked for more money for the Chernobyl accident

Ukraine invited the European Bank for Reconstruction and Development Fund to increase funding for the construction of the Shelter. This was stated by President Viktor Yanukovych during a meeting with EBRD President Thomas Mirow in Davos at the World Economic Forum, press service head of state. In this case, Yanukovych said that Ukraine highly appreciates the cooperation with the EBRD and is ready to develop it further. "We are generally satisfied with the level of partnership with the EBRD. I wish that you continue to have continued the program of the" Shelter "so we worked together now possible to increase the fund" Shelter "- the President said. He noted that this process can be attract new donors and the relevant work would be useful to have during the international conference "25 Years of the Chernobyl disaster. Safer future. "In this regard, the President said Mirow appreciation for agreeing to participate in the preparation and financing of the Chernobyl conference. Yanukovych also said that the Ukrainian side intends to offer the bank to be sold in its first major investment projects." We see our relationship with the Bank as our strategic partner, "- he said. He recalled that the Bank is already involved in the implementation of 200 investment projects in Ukraine." Thanks to cooperation with you we will gradually restore the stability of the Ukrainian financial system, "- said Viktor Yanukovych. For its hand, Mirow expressed satisfaction with the stabilization of political and economic situation in Ukraine.

Yamaha closes a plant in Spain because of falling demand for motorcycles

Japanese motorcycle manufacturer Yamaha announced the closing of the plant in northern Spain. The reason for this decision is steadily declining in world markets, demand for the company's products in the cessation of production of the Spanish company of about 420 professionals lose their jobs. Production from the closed plant will be postponed to the power company in France, reports Gazeta.ru. "We have recorded falling sales. That is why we have to reduce the number of plants "- said in a statement. Recall that in addition to the production of motorcycles, the company produces consumer electronics, acoustic electronics, acoustics, sports equipment, musical instruments and much more.

The daughter of Chief Justice brought the case

Vasili Onopenko Prosecutor's Office opened a criminal case with respect to the youngest daughter of the Supreme Court Vasyl Onopenko - Irina Onopenko, reports Kommersant-Ukraine "in reference to a resolution instituting proceedings. It is reported that on February 1 in the GPU turned citizen Ksenzenko statement, to prosecute Onopenko Irene and her husband, Vladimir Kotlyarov on suspicion of fraud. Onopenko and her husband suspected that they did not return the borrowed 300 thousand dollars, some of which allegedly required Vasili Onopenko "to solve some issue." The book suggests that the person who held large amounts and whose initials match the initials of the citizen who filed an application with the GPU, it may be Valery P. Ksenzenko, the owner of the Bank's regional development (3 December 2009 the establishment was under liquidation). In turn, Vasili Onopenko said he has no relation to the money allegedly lent to him. "Only today I learned that it took someone money, but it is usually the case, when businessmen from each other take on certain conditions. My daughter is an adult, living independently, more or less engaged in business, and if she is someone to borrow money and in some circumstances did not return, then, of course, need to be repaid, "- said Onopenko. "And if a criminal case, then of course there is some pressure on me" - says the chairman of the Supreme Court. He refused to specify who is suspected of committing the pressure: "I do not want to speculate on coffee grounds." As you know, in December 2010 was detained former deputy minister of justice Korniychuk Eugene, her husband's second daughter of Mr.

IMF chief called the main cause of unrest in Egypt

According to the International Monetary Fund, Dominique Strauss-Kahn, a high level of unemployment in Egypt and Tunisia has played the role of "time bombs". "This summer I played in Morocco with a speech devoted to the problem of youth unemployment, including those in Egypt and Tunisia, and said it was a time bomb and one of the major problems that the government should decide, because this can not last long, "- reports the words of Strauss-Kahn agency Finmarket. He thus pointed out that despite the rise in macroeconomics, it is impossible to ignore the strong social inequality:" Such a high level of unemployment, especially among young people, and create a strong inequality in the country, a situation that could lead to unrest. "projected growth in 2011, Egypt will be from 6 to 6.2%, but 18% of the population lives below the poverty line. Recall that the square Tahrir in downtown Cairo for a meeting on Tuesday, gathered around a million people. The Egyptian opposition is preparing to make an appeal to the people. As expected, the result of the ongoing second week of riots should be the resignation of President Hosni Mubarak held the position for 30 years.

The official exchange rate on February 3

February 3, National Bank has established the following official rate of hryvnia against foreign currencies: 100 USD - 794.1700 100 EUR - 1096.1929 10 RUR - 2.6992

Cereal agencies and companies agreed to transparency in business

Agricultural Policy and Food, the Ukrainian Grain Association, the Ukrainian Agrarian Confederation, Institute of Agricultural Markets and the Bank have agreed on the principles of operation of a transparent grain market in Ukraine at the signing ceremony was attended by representatives of all major international and Ukrainian grain companies that operate in Ukraine , the press service of the European Bank for Reconstruction and Development. Today's signing was the result of a joint initiative of the Bank and the Ministry of Agricultural Policy and Food, aimed at the development of grain sector in Ukraine. The objectives of this initiative include improving the regulatory framework, support the formation of a transparent and predictable long-term policies, as well as increasing the investment attractiveness of Ukrainian grain sector. This initiative is an important step for a country that can produce about eighty million tons of grain annually and aims to become one of the leading food suppliers in the world. In the future, Ukraine can play a key role in addressing global food security. If Ukraine will establish appropriate laws and regulations, it is also able to attract billions of investment in the agribusiness sector. In accordance with the memorandum of his party will actively work towards harmonizing relations between regulators and private operators of the grain sector. This activity involves the development of legislation that would allow to use new tools dourozhaynogo financing, as well as new principles of standardization and certification.

The Cabinet is preparing a new list of tax havens

Ministry of Economic Development and Trade has prepared an updated list of offshore zones and issued a draft regulation for public discussion needed a new list, since April 1 in connection with the adoption of the Tax Code, expire provisions of the law "On Profit Tax". That's according to this law, cabinet ministers were lists of tax havens. Consequently, the question of territories with special tax rules remain unresolved. The new Ministry of Economy list appear the same offshore areas as the disposal of the Cabinet on February 24, 2003 N77-p, namely: Island of Guernsey, the Isle of Jersey, Isle of Man, Isle of Alderney, Bahrain, Belize, Andorra, Gibraltar, Monaco, Anguilla Antigua and Barbuda, Aruba, Bahamas, Barbados, Bermuda, British Virgin Islands, British Virgin Islands (U.S.), Grenada, Cayman Islands, Montserrat, Netherlands Antilles, Puerto Rico, Saint Vincent and the Grenadines, Saint Kitts and Nevis, Saint Lucia, the Commonwealth of Dominica, Turks and Caicos Islands, Liberia, Seychelles, Vanuatu, Marshall Islands, Nauru, Niue, Cook Islands, Samoa, the Republic of Maldives.

Euro continues to rise in price on the interbank market

Today, January 28, at the Ukrainian interbank market price levels for the dollar reached 7.9480 / 7.9525 (opening - 7.9515 / 7.9585) ruble market opened quotations 0.2680 / 82, to 12:00 narrowed spreads .2680 / 81. By the closing prices have not changed. Price indicators for the euro to the close of trading reached 10.9040 / 10.9160 (opening - 10.8900 / 10.9055). Source dengi.ua

New Financial Reporting SMP

According to the Tax Code of Ukraine stated in the new edition of The (standard) accounting 25 "Financial Report of Small Businesses" (hereinafter - P (s) A 25), approved by order of the Ministry of Finance of 25.02.2000 № 39 . Thus, the norms of P (C) will set a new form of financial statements small business entities and procedures for completion of his articles. In addition, the established form of a simplified financial reporting for small businesses, legal entities for the period from 1 April 2011 to January 1, 2016 are exempt from taxation and are eligible for a simplified accounting of revenues and expenses. Order of the Ministry of Finance from 01.24.1911, the number 25 will come into effect from 1.4.1911, the

NBU sold Feb. 18 bank certificates of deposit at 1,853 million hryvnia

The National Bank on Friday, 18 February, the banks sold their certificates of deposit totaling $ 1,853 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 7 days on the weighted average interest rate of 2.0% per annum 2 banks amounting to 538 million hryvnia, and for 60 days at the weighted average interest rate of 4.0% per annum 2 banks amounting to 1,315 million hryvnia. As reported, the NBU February 17 banks sold their certificates of deposit totaling $ 3,668 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 January the National Bank to regulate liquidity mobilized (attracted) to banks for a total of 9,715 million hryvnia. 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

The official exchange rate on January 27

On January 27 the National Bank has established the following official rate of hryvnia against foreign currencies: 100 USD - 793.6400 (26 January - 793.8800) 100 EUR - 1085.7789 (26 January - 1079.3592), 10 RUR - 2.6653 (January 26 - 2.6645).

Ukraine will collect money for the security of Chernobyl in April

At the International Conference for the 25-year anniversary of the Chernobyl tragedy, it is possible to raise the funds necessary for completion of the Shelter. This was stated by the President of Ukraine Viktor Yanukovych in Yenakiyevo, the press service of the State. The President noted that in the Chernobyl conference will be held a meeting of donors, which will be determined by the sum of the contributions that make the donor countries and states that decide to join them. "We believe that during the conference we will be able to gather, perhaps, the entire amount needed for the completion of the Shelter, and conduct all the work that will guarantee the safe operation of the Chernobyl nuclear power plant" - the head of state. Yanukovych said that the recent tragic events in Japan once again convince the world that only joint efforts can be overcome challenges such as the Chernobyl accident and Fukushima-1. "Today is very urgent issue for safe operation of nuclear facilities," - he said, adding that this is why now in Ukraine from this perspective examines the state of our nuclear power stations. "For us it is very important. It Chernobyl conference will provide answers to many questions regarding the use of peaceful nuclear energy, nuclear materials and related hazards, given the current challenges facing humanity" - summed Viktor Yanukovych. Recall, the Cabinet instructed the number of ministries and departments to submit proposals to amend the state budget for 2011 for an increase in financing cost of programs to carry out activities on decommissioning of Chornobyl NPP and Shelter object transformation into ecologically safe system, as well as adequate funding for the physical protection of Chernobyl objects.

Thursday, November 24, 2011

Timoshenko: In Azarov one pill for all occasions

Yulia Tymoshenko Mykola Azarov's government is taking inadequate measures of economic policy to regulate the price situation on the food and consumer markets This opinion was expressed by party leader Batkivschina "Yulia Tymoshenko. "I think that Azarov chooses inadequate tools to deal with. In order not to buckwheat rose in price and all other food products and, in general, consumer goods, you need to do one simple thing - to stop printing money National Bank, which today prints are not of an economic growth does not secured, the hryvnia. This is what causes the rise in prices and buckwheat, and all the rest ", - said Tymoshenko, commenting on the Government's intention to purchase China's buckwheat to curb the price of this product in the domestic market. As the official site Tymoshenko, former prime minister also noted that such measures of the current government has once again demonstrated its professionalism. "It is unfortunate that Azarov one pill for all occasions. That's because he simply does not have special education and professional knowledge is a pity that Azarov one pill for all occasions. That's because he simply does not have special education and professional knowledge. I think that as soon as they stop printing the hryvnia, they soon will not have to do tysyachegrivennuyu bill, and if they tysyachegrivennuyu bill will do, make sure the portrait of Mr. Yanukovich, "- she added. Recall, the government plans to buy Azarov in China 20,000 tons of buckwheat to keep its price in the domestic market at 10-11 UAH per kilogram.

The IMF put Ukraine, the first positive assessment

Canada has succeeded in fulfilling most of the indicators of the program "Stand-By" Such estimates gave Thanos Arvanitis, head of the IMF mission, which as of today on a visit to Ukraine. International Monetary Fund mission will assess the implementation by Ukraine of parameters of the joint program and to discuss issues and challenges for the financial systems of IMF member countries. As the press service of National Bank, the IMF estimated that the first time in many years, Ukraine has managed to keep inflation below 10%. In addition, the IMF agreed with the assessment of the Ukrainian side to restore economic stability. Stability manifests itself, inter alia, in the growth of household deposits in banks, as well as the gradual resumption of lending. Special attention was paid to the bills to be taken by Ukraine. This bill seeks to increase transparency of the banking system, its strengthening and improving the investment climate. Recall, December 22, 2010 Board of Directors of the IMF decided to provide Ukraine the second tranche in the amount of 1,5 billion dollars.

MPs backed the abolition of licenses for mobile communications

Parliament voted in favor of easier access to the telecommunications market in particular, in the first reading was supported by the bill number 7031, repealing the licensing of a number of activities in the field of telecommunications. As reported by Information Office of the Verkhovna Rada, is proposed to cancel the license for mobile communications, local fixed telephony, fixed telephony with wireless access. Also, in case the law without a license will be carried out maintenance and operation of telecommunications networks, network broadcast television and radio, wired radio and television networks, providing for the use of local telecommunications traffic. Licensing is planned to replace registration system. It is expected that by doing so the population of Ukraine will expand access to universal telecommunications services.

Russian banks have revealed in 2010, 128,700 counterfeit ruble banknotes and 4,149 counterfeit foreign bank notes

The Russian banks have revealed in 2010, 128,700 counterfeit ruble banknotes and 4,149 counterfeit foreign bank notes. This is evidenced today published materials of the Central Bank of Russia. Still the largest number of detected counterfeit rubles accounted for notes denominated 1000 rubles - 122,495 pcs. Number of detected counterfeit banknotes of 5 thousand rubles per year has reached 3,697 pieces. Number of detected counterfeit banknotes 500 rub was 1093 pieces, 100 rubles par value - 955 pcs, nominal value of 50 rubles - 226 pcs face value of 10 rubles - 61 pcs. In addition, found 163 counterfeit 5-ruble coin, 6 fake 2-ruble coins and 4 counterfeit ruble coins. Among the counterfeit banknotes of foreign states in 2010 revealed 3,656 fake dollars, 477 euros, 6 yuan, 7 Ukrainian hryvnia, ? 3. Source: Itar-Tass

Britain will introduce new taxes on banks

George Osborne tax revenue from profits of UK banks this year will increase. In the current year budget due to the adoption of new tax measures will receive from the bankers about a billion euros as the minister said the UK Treasury, George Osborne, the government will negotiate with banks on taxes from profits, as credit growth should allow the bankers to accumulate the necessary amount. The minister noted that government had a full-scale assistance to banks during the financial crisis of 2008-2009. Some lenders have even been nationalized, reports Lenta.ru. UK bank raises taxes to reduce budget deficits in recent years, regularly putting the records. The national debt is growing rapidly in size, which threatened the financial stability of the country in the foreseeable future.

Euro on the interbank market has risen in price to 11.49 USD

European currency continues to go up on the interbank market. By the closing trading price indicators for the euro hryvnia rose to 11.4765 / 11.4910 (opening - 11.4735 / 11.4835) Rates for the U.S. currency continued to fall, and the closing price set at 0.2834 / 39. Source dengi.ua

A law mandating the installation of gas meters

The Verkhovna Rada adopted a law mandating the establishment of gas meters in homes, private homes, as well as from physical persons-entrepreneurs and legal entities by law, records of gas consumption in apartments and private homes where natural gas is used in complex, counters are only 8 million estimated cost of installation of the meter in a private home is 918 USD without VAT, in an apartment house - 528 USD, excluding VAT.

The World Bank will be sponsored energy sector of Ukraine

Canada is very much nedoinvestirovala in the energy sector over the past 20 years. This was stated by World Bank Director for Ukraine, Belarus and Moldova Martin Raiser, in an interview with The Mirror of the week. Ukraine. "This understanding leads to action. It leads to the realization that to attract the investment needed better regulatory policy, a better economic environment, better management of tariff policy and, of course, the transparency of these and other important processes for the Ukrainian society," - he stressed. With specific regard to World Bank investments in the energy sector of Ukraine, according to him, the WB has invested in Ukrhydroenergo (draft replacement turbines on the Dnieper cascade), and also funded a project Ukrenergo aimed at increasing safety and reliability of energy supplies (upgrading transmission lines) in Crimea. The total planned project cost is 238 million dollars, but it is not yet complete - is at the stage of the tender procurement of equipment and services. "It is clear that these projects were delayed, particularly in the bidding process. And we do care. But frankly, I must say that Minenergougleprom and Ukrhydroenergo and Ukrenergo over the past year have made significant progress in project implementation. So that will move forward ", - said M. Reiser. Speaking about the priorities of the World Bank's energy projects in Ukraine, the bank manager said that in recent years they have changed to: "Absolutely.

KP Media founder Jed Sunden sold his stake in the company

Jed Sunden Founder of KP Media, a U.S. citizen Jed Sunden withdrew from its shareholders holding KP Media (until June 2006 KP Publications) was founded Sandenom in 1995. Under the brand name of the publishing house sold 11 projects, including: magazines Correspondent, Poster, newspaper Kyiv Post, 15 minutes, etc. As Ukrainian News reported, as of June 9, 2010 Sandenu owned 52,1% of shares. As a buyer of shares is called a businessman Poroshenko, but official confirmation of this information has not yet received.

World Bank: Ukraine in the first place in the world in spending on pensions

Canada has the world's largest share of spending on pensions - 18% of GDP in 2010, and also one of the highest levels of pension contributions in Europe, accounting for 35% of gross salary, says World Bank Director for Ukraine, Belarus and Moldova Martin Raiser. And, despite this, in 2010 the Pension Fund were transferred from the budget amount, equivalent to 7% of GDP - he said. "Enumeration of huge funds from the budget to cover pension payments reduce the amount of expenditure required to improve the quality of education of the Ukrainian children and the quality of medical services for families, which also reduces the possibility of investing in infrastructure to improve the competitiveness of the economy, create more jobs and improve incomes for all citizens, "- said the expert. Reiser also said, "if nothing is done, the situation will deteriorate further." "After 10 years on each worker will be one pensioner, and, according to forecasts, the share of working-age population will continue to only decrease. Without the necessary adjustments to the current pension system remains financially unsustainable", - assured the World Bank Director for Ukraine, Belarus and Moldova. Send Source: IMC