At Gazprom insist that the situation have no relationship. But experts believe, therefore, Moscow cautions that any attempt to change the gas contract, as mentioned during the campaign Viktor Yanukovich, will lead to bankruptcy of Naftogaz.

Last week Austrian Centragas announced the initiation of proceedings in arbitration proceedings on the suit, filed Oct. 26, on the expropriated by the Government of Ukraine in 2009, 11 billion cubic meters of gas RosUkrEnergo (RUE). Formally, Centragas (owns 50% stake in RUE, second 50% owned by Gazprom) is the wrong reason.

“We are determined to encourage the Ukrainian government accountable for their actions and those of state-controlled monopoly Naftogaz: they should respect and comply with their obligations under the Energy Charter Treaty - said managing director Centragas Holding AG David Brown .- Further We are committed to return the 11 billion cubic meters of gas, which they have expropriated from storage facilities, where this gas is expected to send to our customers in Europe. ”

Recall that in January 2009, Prime Minister of Ukraine and Russia Julia Timoshenko and Vladimir Putin has been accused of fueling the gas war controlled by Dmitry Firtash trader RUE. As a result, the mediator of the scheme of Russian gas supplies to Ukraine was expelled, and the remaining debts of RUE to Gazprom Ms Tymoshenko has promised to resolve itself. In particular, the Ukrainian government special directive obliges the head of “Naftogaz” Oleg Dubina buy from Gazprom RUE debt to the Russian monopoly on at least $ 1.6 billion, or in the amount of 10.345 billion cubic meters of gas.

benefits for the Russian side of the transaction was direct. The directive stipulated that it was this gas will be credited as advance payment for services in 2009 under the contract on the amount and conditions of gas transit across Ukraine for the period from 2009 to 2019 (see Kommersant from January 22, 2009).

Later Gazprom actually signed the contract with Naftogaz of advance payments for the transit in 2009 and I quarter of 2010 in the amount of $ 1.7 billion have been signed and the document of assignment of debt RUE “Gazprom” in the address ” Naftogaz to those most $ 1.7 billion The Russian side has made to document the situation that when there are problems that require its dissolution, the agreement is not retroactive. Thus, Gazprom has insured itself against possible legal action by the victim in the situation Dmitry Firtash.

This Tymoshenko did not relations to RUE properly. While she was a major contender for victory in the presidential race in Ukraine, it does not affect the gas agreement in Moscow and Kiev. Moreover, at her request Prime Minister verbally ordered not to collect from the Ukraine is no penalty for the shortfall of gas in 2009. Although it is difficult for Gazprom to work with its European partners (Germany”s E. ON paid for the same article $ 140 million).

However, after the first round of elections in Ukraine in January, the winner Viktor Yanukovych warned Russia that as soon as he comes to power, would require a revision of all the gas agreements. He directly accused Moscow of selling gas at inflated prices, and promised them lower in the forthcoming negotiations. Then, a source close to Gazprom, said that in case of revision of gas contracts are ready to defend Russia”s position in the courts.

source familiar with the negotiations, did not conceal that by Monday any legal action by Centragas would be take1000n, all will depend on the actions the new president. “If Russia will offer to renegotiate the contract to the Ukrainian government will be presented to account for all of the gas at an average price of RUE”, - explained. On Friday during a meeting with investors, Gazprom manager said that the average gas price for 2010 is $ 326 per thousand cubic meters (see reference). That is Centragas may require $ 3.586 billion

Recall that in the courts of Stockholm, has already addressed two lawsuits RUE to Naftohaz - the recovery of fines and penalties for late payment for the gas in 2006-2008, as well as the refusal of Naftogaz in 2009 to raise from its own gas storage facilities RUE $ 2 billion, said the source of Kommersant, total these requirements, together with the claim Centragas pull in $ 6 billion

At Gazprom said that the relationship to the claim Centragas not have. But observers are inclined to see what is happening in Moscow”s hand. According to them, the Kremlin clearly warns Kiev to face the winner of yesterday”s second round of presidential elections last year”s review of the dangers of the gas contract. Also, remind experts, Gazprom has already made an assignment Kiev: in 2010, the Russian monopoly pays to Ukraine for the transit of thousands of cubic meters of gas per 100 km $ 2.78 instead of $ 1,7.

However, Kiev has already talked about the threat of energy security of Europe. Last Saturday, Deputy Chairman of the Board of Naftogaz, Igor Didenko said Centragas Holding AG is trying to illegally deprive Naftogaz of Ukraine “of 11 billion cubic meters of gas.

“The attempt to deprive Naftogaz 11 billion cubic meters from 18 billion, which is today, but at the end of the heating season, we will have 12-13 billion cubic meters of gas - this is an extremely serious threat to energy security of our state, and for a stable supply of energy of the entire Eurasian continent, “- the official said. He explained that the company is involved in all procedures related to the preparation process with Centragas, although the claim is filed and the State of Ukraine.

“Gazprom” to assess the annual gas prices

Friday met representatives of Gazprom with investors, which were called average price of Russian gas deliveries to Europe, Asia and the CIS. It follows from the Gazprom presentation, the average price of Russian gas to European market in 2010 will be $ 326 per thousand cubic meters (in 2009 - about $ 296).

“Gazprom plans to export to Europe in 2010, 160.8 billion cubic meters of gas to 140 billion cubic meters last year. Thus, in comparison with 2009 the volume of gas exports to foreign countries should grow by almost 15%.

price of gas for the CIS countries in 2010 is $ 273 per thousand cubic meters (2009 - $ 208) for Ukraine in the I quarter - $ 310 per thousand cubic meters, an average of the year, according to various estimates - from $ 280 to $ 334.

Natalia Grib, Moscow, Oleg Gavrish

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The branch cut looked worse than other stocks of metallurgical companies (-5,5% in Severstal and NLMK).

Today, futures on indices the U.S. has demonstrated mixed dynamics, -0,2 - 0,5%. In an interview with CBS television, U.S. President Barack Obama said that the country”s economy has overcome the period of acute crisis and returned to the path of growth. Moody”s warned the U.S. on the eve of a vote in the House of Representatives, which will reduce the rating of the U.S. if the U.S. government will continue to finance budget expenditures by increasing debt. Asian markets continued their decline on Monday, the index Nikkei - by 1%. Monetary aggregates of the Japanese economy were worse than expected. Oil prices fluctuate at low levels.

Today is not expected makrostatisticheskih important U.S. data and the Eurozone. Market opening will take place depending on the subjective assessments of risk bidders. Toward noon the market “dock” to the European exchanges and oil prices. The situation in the short term looks mixed, in the medium - more signals to decrease.

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Analyst Ratings

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Forecasts of analysts: Today, support for the Russian sites may be a small rebound in the oil market
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In particular, the UEFA president said that the first time Ukraine and Poland will take such an important tournament of the most popular sport on the planet. “No wonder we are working with host countries have chosen the motto:” Create a story together. “Indeed, we are creating the history of the European Championship. I am too modest to say that Ukraine and Poland will also create its own history, but at least in football - certainly . We believe that Ukraine and Poland tournament will take place at the highest level “, - said M. Platini.

However, he noted that UEFA has not yet decided on the calendar matches, as well as the dates and cities for the quarter. At that M. Cullen added: “All four cities in Ukraine and Poland are working in accordance with the plan.”
Finally

M. Platini, the UEFA Executive Committee referred the decision to divorce during the draw teams from Russia and Georgia, and Armenia and Azerbaijan - such a move would make an impossible situation that has arisen in the qualification of Euro 2008, when the last two teams were in one group and then matches between them had to cancel due nefutbolnyh reasons. “Instead of creating problems in the group, we are better to stave off all sorts of political confusion. We do not want to mix sport and politics, therefore, spreading these countries in the draw, try to avoid political tension”, - summed up the president of UEFAa28.

its recommendations to the new president, regardless of who they will be given: Head of Analysis and Forecasting Center for Strategic Initiatives Vladimir Stus, executive director of the International Fund blazer Oleg Ustenko, director general of the Bureau of Economic and Social Technologies Valery smooth and Director of the Department of Sociology Research Foundation of Public Safety Yuri Gavrilechko.

Vladimir Stus: In the next five years the crisis will go beyond the economic framework

“The quality of governance of the future president will be directly dependent on how he envisions the process of forecasting. What was the quality of prediction, we have seen in the forecast that the economic crisis will not affect Ukraine. Now we hear the prediction that Ukraine will start to emerge from the crisis in the second half of 2010. By definition, good governance can not be higher than the error of prediction. In this regard, we now have a complete zero, a complete meltdown.

scientific concept shown to be untenable. It is now evident that the crisis has escalated the scope of mortgage first, then financial. Now he gradu1000ally grows beyond economic. Need some concept to understand how things will develop further. This is not a single concept.

scientific knowledge of this area is gone. Virtually all scientists have become experts. What distinguishes the expert knowledge from the scientific? Instead, the interpretation of events based on certain concepts, expert, specializing in two or three directions, has only this topic. For other areas it can not own information. So willy-nilly any expert goes on omissions. It is your industry position is considered the most specific, and the rest - on existing stereotypes. It works in a branch-wide for a short period of time, but once we get on a fundamental shift more general nature, expert opinion stops working. We are now witnessing terrible mismatch is expected. This is not the problem of those experts - a problem of this method.

were correct forecasts of the crisis, but they were predictions of economists, these were industry forecasts. They worked and justified as long until the crisis was within the economy. Now we are witnessing the expansion of the crisis, beginning his economic framework, and these projections do not work.

according to my earlier forecast that we are now witnessing a crisis - is not a crisis, but a prelude to the troubled times, to the time civilization shocks, which will last decades. Here the most interesting prediction would Forecast: happens when the transition from the predominance of the economic component of the crisis in the beginning of the crisis for the economic framework? On the one hand, is something that is impossible to predict directly. But you can judge this by circumstantial evidence. Time limits - the next five years. As the date approaches occasion on which he may happen to be at all times to decrease. The closer we approach that date, the more shallow reason could provoke a crisis out of the economic framework. It is possible that it will be before 2015.

crisis came from outside of Ukraine. Former socialist countries has long sat in this crisis, we have the time came in 1991. Several behind us on the stage of civilization cycle modern developed countries - they are now on the eve of his 1991. They will pull the other group of countries - the new developing countries: China, Southeast Asia, in many ways the Middle East.

Nothing new has been invented. Besides, what came to post-Soviet countries, largely for the same reasons now fit and other countries. ”

Oleg Ustenko: The worst is now over. Ahead - Turbulent Future

“On the whole Ukrainian system will be in a state of turbulence, but it will evolve in the same vector. What can we expect from 2010-2011,” We can not wait to see what the real sector will be vigorously developed. We expect that in 2010 the Ukrainian economy may show growth of 3-4%. In 2011, in the absence of reforms, we also expect growth in the order of 3-4%, maybe even 2%. This lack of height.

Why the lack of growth? Cause for a country to maintain its social programs to fight poverty, it is necessary to show growth of about 5%.

new administration one way or another will face the problem of what is necessary to enter the pre-crisis levels. Otherwise, many social programs, many of the problems that exist in society, simply can not be resolved. It will be a huge problem.

On the other hand, there is a clear understanding that whatever the ambitious reform package in one or another administration, the package can continue to be ambitious, at least for next three years. Ie For three years you can make some changes, but do enormous systemic changes will be extremely difficult in a number of reasons. This gives me reason to believe that the real sector will evolve, but within 5%, which clearly is not enough to d1000rastically change the situation. It will not change due to the fact that something done in the country, but rather due to the fact that he begins to reorganize the global economy.

Our exports will begin to reorganize, but the prices for metallurgy and chemistry is not reached pre-crisis level. Thus, the export will be the driving force behind the development of the real sector, but not so serious, that could bring the country to new horizons of development.

Regarding the banking sector. Yes, 2009 was supposed to be a formidable challenge not only for the real sector, but also for the banking sector. Banks still not resolved a problem with confidence. Confidence has been lost. Consumers, households simply businesspersons confused.

begin some movement, and, in developed countries, these shifts in consumer behavior are much faster than in Ukraine. In the U.S., for example, are constantly spend, spend, spend money and had a negative savings rate, show a positive savings rate. France and Germany are beginning to save more and spend less. In Ukraine, everything happens as if nothing unusual had happened, consumers did not yet bearings, and only now we see the first signals that the end of the third - early in the fourth quarter of 2009, consumers began to change their behavior. Ie adaptation to the crisis was quite slow.

I would expect that 2010 will be continued consumer response to the crisis - we will see that consumers will be even more cautious than they were in late 2009. In 2011, they will be hard to make them spend money that, in general, it would be a good moment - a waste of money would mean the opportunity to recharge the real economy.

same thing I would expect from the banks. Confidence is not restored. As much as we talk about what you can change the head of the Central Bank, may be plenty to talk about what can be done here, a small reform here, but this does not solve the problem of the return of trust as quickly as we wish. So in 2010 we will observe the processes associated with the fact that any administration will try to restore the confidence of the banking system and generally in their institutions.

problems with the budget will continue in 2010 for sure. Obviously, it is necessary, on the one hand, try to optimize costs, on the other hand, must somehow get additional revenues in the budget. All this is superimposed on the fact that the real sector shrank, he can no longer pay such amounts that it paid earlier in the form of taxes. He himself must nurture, support. From this point of view I would expect that the fiscal situation would be enormously difficult throughout 2010 and will begin to show some serious signs of recovery, most likely in 2011.

In terms of growth of our national debt - unlikely to Ukraine is going to appear on the world markets to borrow money. But the most likely problems with the fiscal situation, the difficulty with the budget in some way make a new Ukrainian administration - any administration - to apply not only to the IMF, but anyway there will need to go to international markets for borrowing money. Most likely, at the end of the first quarter of this year - early in the second quarter of 2010 we will see the Ukrainian government in international markets in London, New York, trying to borrow from half a billion to a billion dollars. Because the money would be simply disastrous needed.

next peak, when they do this kind of borrowing, I would have expected at the end of the third - the beginning of the fourth quarter of this year. On the other hand, will try to find alternative sources of funding. In addition to the IMF and the possibility of selling our Eurobond, will try to find money in some other countries. I think it will develop the capability to borrow money in Russia.

Summing up, I say that in principle, the deepest part of th1000e crisis has passed. We are reconfiguring the whole organism. How long does it take? By the end of this quarter, maybe slightly more, but the organism to migrate. This is already evident. For two or three quarters in a row we show industrial growth. Industry will gradually revive, formed a new administration - all the same, what the administration - but it sends a positive signal to foreign investors. If there is no talk about re-privatization, which could frighten foreign investors and domestic investors, including, we expect the inflow of foreign investment.

On the other hand, banks will have problems, but the big banks to revive lending will - gradually, in small portions, but lending will increase, thus, in general, have a positive impact on the real economy, and part of the population.

The worst has passed. Ahead - a turbulent future “.

Valery Smooth: The situation is quite complicated. What happens next? We”ll see in a week

“We agree with the fact that the bottom of the crisis, we may have passed, but drove the economy in the state, when they were critical points that affect the future prospects.

the day before yesterday I met with representatives of the largest investment companies in Europe and the United States, who can say, are “low start” and think about how to invest in Ukraine or not. They were especially worried about what will happen to the exchange rate. The exchange rate they see as already a finite derivative for all the problems, which in their opinion, remain in the economy.

If you look at the main macro indicators of Ukraine and its immediate neighbors, then we - the deepest downturn of the economy - about 14% - is twice more than the regional average. Compression of credit to the private sector at 2.3%, while in other countries there was a small, but still growing. A very sharp increase in the debt burden on the economy. The huge fiscal deficit - 10% of GDP. Above average regional inflation - 15,9% against 6,7% in Poland, the Czech Republic, Hungary, Bulgaria, Kazakhstan, Russian Federation and Turkey. The share of “toxic” assets on the balance sheet of the banking sector, we have estimated at 27,2%, while the regional average in the banking sectors of these countries is only 9,4%.

In my opinion, the main thing that will need to make a new administration - is to restore the confidence of business and people within the country and the confidence of investors outside the country. From the president and the coalition in Parliament would be required to show at least some point, but all the same steps that will give a quick positive result.

from the international community from the new administration expected the removal of critical issues. The main problem - it is quasi-fiscal deficit of Naftogaz and the Pension Fund. The main problem - this loss of Naftogaz. This will require unpopular decisions to raise gas tariffs.

If Tymoshenko becomes president, the current government remains in place, requires no removals, you can take acceptable to the International Monetary Fund budget in which the budget deficit will be reduced due to the fact that the losses of Naftogaz will be reduced by increasing the gas tariff . This is an unpopular decision, but any government will take it. This is only a matter of time.

If the president becomes Yanukovich, the situation is more complicated, because it does not yet have a stable support in parliament. You can talk about forming a coalition situational, but the coalition is fragile, and there is no guarantee that this fragile coalition could quickly form a government, which quickly propose a real budget, decide to minimize the impact of higher gas tariffs for the1000population so as not to cause social upheaval and not create a movement towards regression.

will not discuss what was right and wrong in the relations with the IMF last year, but the main leitmotif of the following: the money used, but did nothing to reduce dependence on external financing. This task is postponed to 2010. And this government will have to find some balance between the need to increase investment in the economy, solve the problems of the banking sector and the problems of social protection.

Of these three problems can be solved relatively quickly the problem of rehabilitation of the banking sector and lending to resume. Everything you need for this already exists. In August last year adopted a law on financial rehabilitation of banks, enabling quick decisions on mergers, acquisitions in the banking sector.

new government will have something to do with capital investment. They are reduced to a minimum. You see what happens with the cleaning of streets, what happens to the roads, what happens to the heating mains. Here, the new government, the new president will have to do something, at least to start early structural reforms. It will be necessary to make decisions about the launch of the private sector, because objectively have no budget funds to maintain all this infrastructure afloat.

In the banking sector will have to unlock lending and restrain the appetites of the budget, which now simply exorbitant. In fact, the budget absorbs all of the banking sector by 26% per annum. Companies can not afford to borrow under such interest. On the one hand, the budget should moderate their appetites. On the other hand, I think, and the International Monetary Fund and the World Bank and the European Union will defend the idea of the need to increase central bank independence and defining its purpose: no exchange rate stability and price stability.

With regard to price stability, the new government, this problem will get inherited. Although inflation has been reduced from 22% to 16% of the annual measurement, however, inflation in the current year will remain high. Postponed the decision to increase tariffs because of the essential commodities have risen in price more than the basic inflation. Core inflation was squeezed against increase of tariffs for gas, and LCF.

This government will have to make decisions that will not give quick results, but in the long run lead to the social protection of the most vulnerable populations. The new government will need to run large-scale reform in the system of social protection. At least take steps in the creation of the registry recipients of social benefits and take some more steps to support the Foundation for the monetization of these benefits. Reducing the list of benefit recipients, those who objectively were not entitled to them because of their level of income.

In general, I think the situation is quite complicated. Everything will depend on how stable the coalition will be formed in parliament and how quickly and accurately coalition and the president will work. Also, how well would interact National Bank and the Ministry of Finance. If this is not, then these early signs of stabilization have disappeared as quickly as it arose.

Exports as a sustainable source of economic growth in Ukraine can not trust. Export vulnerable to external demand conditions in prices, the influence of trade wars. In addition, we should not forget that our core sectors need investment. В противном случае они будут становиться все более и более неконкурентоспособными, их потенциал экономического роста постепенно будет уменьшаться. Такие преимущества были в 1998 году, когда Украина получала дешевый газ, но сейчас Украина покупает газ по мировым ценам. Поэтому простая девальвация, помощь экспортерам имеет очень ограниченное воздействие. Необходимо искать другие источники роста -1000это и экспорт, и инвестиции, и поддержка внутреннего спроса, но чтобы этот спрос не трансформировался в рост импорта, который является фактором дестабилизации.

Что будет дальше? Посмотрим через неделю, насколько быстро завершится президентская гонка, насколько быстро стороны согласятся с выбором избирателей, насколько быстро пройдет процесс изменения расстановки сил в парламенте.

Юрий Гаврилечко: 2010 год станет “плато стабилизации”

“Я бы хотел сконцентрироваться на тех возможных рисках, которые могут нас ожидать в 2010 году. Во-первых, выборы будут влиять еще почти полгода. На что именно они будут влиять? Сейчас налицо ситуация с дефолтом городов - невыплата в местных общинах по счетам обладминистраций, городских госадминистраций, потому что правительство эти деньги тратит на пенсии, затыкает какие-то другие дыры. Такая проблематика будет актуальна еще, по крайней мере, месяца три. Ситуация будет ухудшаться не потому, что кто-то лично в этом виноват, а потому, что есть системные проблемы, которые решаются за счет постоянного потока средств.

Не стоит забывать, что в любой ситуации, кто бы там ни стал президентом через неделю, правительство будет работать в этом самом составе по меньшей мере еще месяц. Потому что коалиция не формируется за один день, инаугурация не происходит в один день. Месяц-два будет еще то же самое правительство, оно будет очень существенно влиять на принятие решений и на любую работу.

Что будет интересного дальше? У нас есть определенные проблем с газом. Я не согласен с тем, что повышение цен для населения что-то решит, потому что в общей структуре расчетов населения - это 12-13%. Даже если в два раза повысить цены, то это больше, чем те же 10-12% не даст. Это не решит проблему. Это своеобразный миф, но этот миф будет достаточно широко подогреваться теми же структурами - международными, экономическими. Им это очень выгодно, ведь чем больше грабят население, тем проще управлять на макроуровне. Чем богаче народ, тем сложнее давать кредиты, которые тогда вообще станут не нужны.

Что касается газа - это действительно проблема, потому что как раз в декабре в уставном фонде “Нафтогаза” количество ОВГЗ увеличилось еще на 13 миллиардов гривен. Скорее всего, именно за счет выкупа Национальным банком этих долговых обязательств правительства в январе рассчитались за газ. Что будет дальше? Уже в общем смысле более 30 миллиардов уставного фонда “Нафтогаза” - это долговые обязательства правительства. Чем дальше будем рассчитываться? Трудно сказать.

Относительно инфляции. Обама предложил дефицит бюджета почти в 2 триллиона долларов, то есть, скорее всего, будет развиваться именно инфляционный сценарий, и он, безусловно, зацепит Украину.

Идущие сюда инвестиции могут улучшить ситуацию. Но это улучшение не будет достаточно длительным, потому что деньги не решают всех проблем. Уважаемые, на новых предприятиях, которые будут построены за инвестиционные средства, должен кто-то работать. Чтобы человек там работал, его должны научить, то есть система образования должна быть ориентирована на новую систему производственных отношений. Этой системы нет.

Что касается роста ВВП - вероятнее всего, это будет 2-3%, но, на мой взгляд, не за счет того, что возрастет именно производство, а за счет ценового фактора.

Поэтому 2010 год вряд ли станет годом улучшения. Скорее всего, это будет определенное плато стабилизации. Ð’ нашей стране это плато стабилизации будет очень зависеть от того, каким образом решится вопрос политической стабильности. Если после второго тура нас могут ожидать судебные решения, третий тур или, например, будущий президент, будет не в состоянии достаточно быстро заручиться поддержкой коалиции, проблемы, будут исходить из того, что инвестиционный климc64ат останется “холодным”, деньги сюда не пойдут. За счет собственных ресурсов - мы спорили относительно инвестиционного сценария развития экономики - вряд ли это сможет сделать этот президент, кто бы это ни был. Соответственно, нет ресурсов - ни человеческих, ни финансовых - для улучшения ситуации. At least not yet.

Но если будет политическая стабильность, то такие средства можно будет привлечь извне. Ð’ подобном случае их можно проесть, а можно использовать для того, чтобы осуществить некоторые системные изменения”.

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“I will try to argue that indeed for the banking system by the second wave of the crisis - said the banker. - In view of the fact that our legislation, as the Soviet legislation is aimed at protecting the rights of creditors, all the banks in Ukraine are very big problems with returning loans. And in all segments: as with legal entities, as well as physically, as with big business, and with small &quo1000t;.

According Khlyvnyuk among borrowers who do not return the loans, there are both those who intentionally “throwing” the banks, and those who actually got into a difficult financial situation and can not pay for objective reasons.

He said that today the banks are trying to deal with this problem through to host a vertical structure for the return of debt, pursuing a strict policy on this issue, as liberal methods of dealing with defaulters of positive results was not given.

Vladimir Hlyvniuk convinced that in the next year or two distressed assets would remain a key challenge for the banking system and to solve it, you need to take appropriate legal framework. However, the political will to change the situation for the better today, no, so no laws in this regard in the near future will not be accepted, confident banker.

“I party very much like the bankers in the Ministry of Justice and other authorities. We ask only one thing: give at least some regulatory legislation, which will protect us as an institution, which lend. But, unfortunately, the law does not changed. Even guidance, regulations, concerning the actions of the Executive Service, Notaries, Judges of any response is not found and, as I understand, in the near future and find “- summed Hlyvniuk.

during the meeting of the Finance Press Club Director of the Institute of Economics and Forecasting of the National Academy of Sciences of Ukraine Valeriy Geyets noted that the problem assets in the banking system in the order of 25-30% and minizirovat this figure is not easy.

scientist is convinced that to solve this problem to the Consolidated National Bank, the government and banks with foreign capital. “This issue is not closed, and once it is not closed, then the question of resuming lending to the banking system remains problematic,” - said Geyets.

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The secretariat said the implementation of the general fund budget for the cost of 99,6% in January

Banking Switzerland”s “confusion”. Germany”s intention to buy a stolen bank data from Switzerland had a serious impact on relations between the two countries. It is already on the “scandal” of “modern form of attack on the bank” or to “declare war”. In Bern wary glances in the direction of Berlin.

head of the Democratic Christian Party of Switzerland (DHPSH) Christoph Darbelle calls it a scandal. It is monstrous that his German colleagues, led by Federal Chancellor came to terms with the owner of the stolen bank data. Darbelle considered unacceptable for the rule of law to work with bought and besides the stolen information.

Tony Brunner, chairman of the Swiss People”s Party and the political heir of the right populist Christoph1000Blocher, in turn, is convinced: “This is a declaration of war on Switzerland. If Germany”s cooperation with criminals values higher than co-operation with friendly nations, the relations between countries should be redefined” .

Pirmin Bischof, an expert on financial matters DHPSH in Swiss radio broadcast called the events “a modern form of attacks on banks.” But the chief of the Federal Department of Finance of Switzerland Hans-Rudolf Merz on Monday, February 1, in a telephone conversation with his German counterpart Wolfgang Schauble gave him to understand that Switzerland does not intend to cooperate with Germany on the basis of stolen data bank clients.

Ultimately at stake for Switzerland is more: believe that the citizens of Germany sheltered from taxes on Swiss bank accounts more than 100 billion euros. Their loss can be a cruel blow for the Swiss. In view of these billions of “dirty” money expert in public law from Freiburg Henni, Peter (Peter Hdnni) finds a strange disturbance in Switzerland about the alleged illegal activities in Germany. According to him, the Swiss Confederation and myself for many years had questionable dealings with tax evaders in Germany and other countries, so its teachings seem unconvincing.

One way to pressure from the Swiss still remained: the ongoing negotiations on an agreement on avoidance of double taxation with Germany. But this agreement will reduce the Swiss bank secrecy and make it clear than Switzerland in the future be able to help financial institutions of Germany in the fight against tax evasion. Therefore, the leader DHPSH Darbelle calls for suspension of the negotiations. According to him, a country that behaves in this way, it is impossible to rely.

However, despite all attempts by the Swiss authorities to protect themselves, a situation in which they were becoming increasingly uncomfortable. In the past, Americans have already made from the Swiss bank UBS issuing data on thousands of clients. The Italians are taking decisive action against “tax oasis”, the Swiss canton of Ticino. France is on the hands was another disc with banking information from the Geneva branch of the bank HSBC. And now more and escalating conflict with Germany.

Judge Peter Henni believes that Switzerland for many years not even tried to put its house in order, but now it is a massive pressure from the outside, to resist that it could not. He does not believe in the future “tax oasis” especially if you try to build on the already outdated business model. However, I am sure Henni, “Swiss banks are themselves understand.” So it may soon come to an end and the Swiss banking secrecy, and secret bank accounts.

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Ministry of Education has decided to streamline the process of transferring students to the contract office on the budget. It sent an explanatory letter to the institutes, which urged the deans vacated display free space on the overall competition, which could involve all interested. Moreover, the selection should be transparent as possible, with representatives of student government. Priority right of budget places, according to the document, have students who demonstrate the best performance.

Officials explain that to draw attention to the problem they were forced numerous appeals in the office profile of students and their parents, when faced with difficulties in translation. The fact is that now every institution has its own rules for security contractors competing for budget places. And the more prestigious institution, the more difficult and complicated procedure. The representative of the Kiev-Mohyla Academy Viacheslav Nevinchanny claims that they have, according to the charter of the University, translations in general is prohibited.

Head of Studies of the National Agrarian University Oksana Zazimko said that in their institution to rely on translation can only round Excellent. The second criterion of selection - the social status of student: the availability of benefits is the competitive advantage of the applicant. In the Odessa Academy of Refrigeration, to convert to contract offices to budget enough time to pass the session, special assessments play no role. But in practice, often play a crucial role is not the official selection criteria.

It was learned that sometimes guide universities simply sell the vacated budget places. And as far as cost, training on contract office raised their rates. For example, if a few years ago in a regional university, this “service” cost $ 500, and a national $ 1-2 thousand, but today tariffs twice as high.

Growth appetites teaching is simple: the competition contract for one fiscal position from year to year increases. Many parents leave their children perched on a paid department, after some time to realize that not being able to pay for further study, therefore looking for ways to transfer the child to the budget.

According to Oksana Zazimko, usually on each course are exempt no more than 5-10e74free sites. In the words of Vice-Rector of the Odessa Academy of Refrigeration Nicholas Zagoruchenko, they have this figure is even lower - only two or three places. It is clear that each of them claiming at least a dozen students of contract.

“We do not transfer except that children from wealthy families enrolled in the faculties, where, by law, state employees to receive a diploma must have worked in the direction of not less than three years (for example Agronomy, Veterinary Medicine),” - says Ms. Zazimko.

New ministerial guidelines may deprive teachers opportunities to allocate valuable space on your own. Moreover, the officials rather strict control over compliance with legislation universities, and for violations of academic institutions at risk licenses. However, experts believe that the possibility of transferring money to continue, just pay for it, given the risks of teaching, will have even more.

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Launched in 2008, a startup Fynanz initially oriented to college students who are struggling can get a loan at an extremely dense secondary market loans. The system had its own peer-to-peer platform, similar to Prosper.

But last January, following the strict requirements of the market, the company revised its concept. Instead, it started offering its services to financial institutions.

Now a startup managed site cuStudentLoans.org, private area that allows credit unions to provide loans to college students. The new financing will be used to expand the platform, which currently has a partnership with 30 credit unions.

Wins Paschen, Managing Fynanz, said: “Credit unions, with whom we work to date, strongly tied to the market for private student loans. Fynanz services directed towards the future, so we”re going to make our network of credit unions nationwide.

Josh

Stein, Managing Director of DFJ, added: “We are confident that private student market and technology developed Fynanz, significantly expanding portfolio of credit union.

In this round of funding made by investors DFJ Gotham Ventures, The Brazos Group, Zelkova Ventures and JBR Media Ventures.

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The report notes that the Ukrainian government has not responded to an official request of the company Centragas, made in accordance with the Energy Charter Treaty (ECT), to join the negotiations on the expropriation of 11 billion cubic meters. meters of gas belonging RosUkrEnergo - a joint venture 50% is owned by Centragas and a 50% - Gazprom.

Company recalls that, as it had earlier noted in its statement of 26 November 2009, international law firms have confirmed that Centragas, as holder of 50% of RosUkrEnergo, has the legal right to this claim, under the terms of the Energy Charter Treaty and that this action may be sent directly to the Government of Ukraine, since it owns 100% shares of “Naftogaz Ukraine”.

In accordance with the ECT, which was signed by Ukraine, and it is thus bound by its terms, the Ukrainian government might respond to a request Centragas within 3 months. This period ends on February 9 this year

“I can confirm that we have not received any notice from government representatives or officials of Ukraine in response to our appeal to the start of the trial, according to the Energy Charter Treaty. Therefore, I have instructed my lawyers to prepare for Top of the arbitration process next week. We are determined to encourage the Ukrainian government accountable for their actions and those of state-controlled energy monopoly Naftogaz: they should respect and comply with their obligations under the Energy Charter Treaty “, - said managing director1000David Centragas Holding AG BROWN.

As UNIAN reported earlier, in late November 2009 Chairman of the Board of Naftogaz Ukraine “Oleg Dubina said that he considered illogical claim Centragas to Ukraine by 11 billion cubic meters. m. of gas, previously owned by Swiss gazotreyderu.

Recall Centragas company sent a letter to the Government of Ukraine to the beginning of the trial in accordance with the Energy Charter in respect of the expropriation of the company RosUkrEnergo in January 2009, 11 billion cubic meters. meters of gas to Naftogaz Ukraine “, the owner of 100% of which is the Ukrainian government.

Centragas insists that the 11 billion cubic meters. m. of gas owned by RosUkrEnergo, in which the second co-founder with a share of 50% is Russian Gazprom, and that at the time of expropriation RosUkrEnergo holding the gas in Ukrainian storage facilities for further transit and delivery of this gas to its customers in Europe.

In mid-November 2009 the Ministry of Justice of Ukraine reported that Centragas, in accordance with the Energy Charter, requested the Government of Ukraine to the World resolving a dispute over allegedly expropriated 11 billion cubic meters. meters of natural gas. According to the Ministry of Justice, the charter provides that if the dispute can not be solved by the world within three months from the date of the request for the global settlement, the investor can submit it for decision in the courts or arbitral tribunals.

currently in the Stockholm arbitration in preparation for the hearing of mutual disputes between Naftogaz Ukrainy and RosUkrEnergo, which on Aug. 28, 2009 were consolidated into one case. According promulgated in early November, according to Naftogaz, the award is initiated by the Swiss company back in April 2008, the lawsuit is expected in the second quarter of 2010.

total legal claims to “Naftogaz Ukraine”, according to his data, as of November 5, 2009, amounted to 10 bln. Ukrainian jurisdiction by the courts and 28 billion USD (3.5 billion dollars) in the courts of foreign jurisdictions. At the beginning of 2009, Naftogaz Ukrainy, called a lower amount of claims - 17,5 bln.

first Naftogaz Ukrainy reported legal dispute with RosUkrEnergo at the end of March 2009.

According to First Deputy Chairman of the Board of Naftogaz Ukraine “Ihor Didenko, RosUkrEnergo put forward claims to accrue NAC fines and penalties in the amount of $ 600 million, $ 55 million and $ 20 million, in turn, “Naftogaz Ukraine” to RosUkrEnergo filed counterclaims for $ 62 million, $ 118 million, as well as termination of the transport contract and breach of contract for storage.

Then, according to NAK Naftogaz of Ukraine “, RosUkrEnergo has not filed a Stockholm court proceedings on the legality of the appropriation of” Naftogaz Ukraine “, 11 billion cubic meters. meters of natural gas, previously owned gazotreyderu.

In the middle of November 2009 the Russian newspaper Vedomosti reported that RosUkrEnergo has increased the claim to “Naftogaz Ukraine” four times - to 8,26 billion dollars for the expropriated, in her opinion, 11 billion cubic meters. meters of natural gas.

Centragas Holding AG - a holding company which, in equal shares with the Russian energy company Gazprom owns the Swiss distribution company RosUkrEnergo.

90% of shares owned by Centragas Group DF - international private holding company known Ukrainian businessman Dmitry Firtash.

Centragas is registered in Austria in July 2004. Centragas Offica72e is located in Vienna and is headed by managing director David Brown.

This is reported on the official website of the Ministry of Finance of Ukraine.

According to the report, increasing the amount of public debt occurred primarily through the issuance of bonds of internal state loan to increase the authorized capital stock and Naftogaz of Ukraine “(amounting to 44 billion USD., or 39.3% increase in debt) and to replenish the Stabilization Fund (amounting to 4,7 billion UAH., or 4,2%), receiving the second tranche of the International Monetary Fund (amounting to 36.9 billion UAH., or 32,9%), receiving the first Software World Bank loan for rehabilitation of the financial sector (amounting to 3,2 billion UAH., or 2,9%) and growth rates of foreign currencies to UAH (amounting to 5,8 billion UAH., or 5,2%).

According to the Ministry of Finance, on December 31, 2009 public and publicly guaranteed external debt amounted to 196 billion 295 million UAH 489.41. (65.12% of the total public and publicly guaranteed debt), or 24 billion 583 million 029.37 thousand dollars; public and publicly guaranteed domestic debt - 105 billion 132 million UAH 919.41. (34.88%), or 13 billion 166 million 301.74 thousand dollars

state debt of Ukraine on 31 December 2009 amounted to 211 billion 622 million UAH 388.29. (70.21%), or 26 billion 502 million 490.73 thousand dollars.

Article 11 of the Law of Ukraine “On State Budget of Ukraine for 2009″ is set to limit the public debt of Ukraine in the amount of 193 billion 076 million 747.3 thousand UAH.

The Finance Ministry reported that the excess of the actual level of public debt over the limit is 18 billion 545 million 641 thousand UAH. and called as the implementation of government borrowing in accordance with Article 85 in the amount greater than the number required in addition 2 to the Law of Ukraine “On State Budget of Ukraine for 2009″ and the actual growth rate of foreign currencies against the forecast that were used in planning the state budget.

also reported that the public external debt amounted1000to 120 billion 552 million UAH 311.52. (39,99%), or 15 billion 097 million 346.48 thousand U.S. State domestic debt was 91 billion 070 million UAH 076.77. (30.21%), or 11 billion 405 million 144.25 thousand dollars

State Guaranteed Debt of Ukraine amounted to 89 billion 806 million UAH 020.53. (29.79%), or 11 billion 246 million 840.38 thousand dollars, including: guaranteed external debt - 75 billion 743 million UAH 177.89. (25,13%), or 9 billion 485 million 682.89 thousand dollars; guaranteed internal debt - 14 billion 062 million UAH 842.64. (4,5%), or 1 billion 761 million 157.49 thousand dollars

This state foreign debt has increased by 34 billion 529 million UAH 209.73. (40.14%), mainly due to the IMF loan tranche (worth 36.9 bln.) And the growth rates of hryvnia ($ 3 bln.) Internal debt - 46 billion 403 million 529.18 thousand UAH. (103.89%), mainly through the issuance of Government Bonds to increase the authorized capital of banks and Naftogaz of Ukraine “(amounting to 44 billion USD.).

State Guaranteed Debt of Ukraine increased by 31 billion 085 million UAH 283.09. (52.94%), which is associated both with changes in exchange rates (amounting to 2.8 bln.), And obtaining a second tranche of the IMF loan (amounting to 10.1 bln.) And the issuance of bonds NAC ” Naftogaz of Ukraine “under the state guarantees (the amount of 12,8 bln.).