FOREX and Financial Crisis

Officially, the State Statistics Committee voiced results mirrored comparison only data of foreign trade in goods between Ukraine and Germany. It turned out that the difference amounted to 1.6 billion euros. Deputy Head of the State Statistics Committee Vadim Pischeyko suggested that the discrepancy caused by the absence in Europe, a unified customs law, so a product that fidgeted in Ukraine from Germany, could be produced in Belgium. Hence the discrepancy Theoretically, this version has the right to exist. The fact that the implementation of import operations indicate the country of origin, while the export - only the country of destination. Yet liberalism European customs rules, too, has its limits. And if the goods are brought from the EU, in any country of the Union, he was not made, in the Ukrainian statistics, it must be somehow returned. But as it turned out, not necessarily. If you look at the statistics of the EU-27 over the past year, the Ukrainian State Statistics Committee says: trade with all countries approximately $ 47 billion, then the corresponding figure Eurostat - more than $ 57 billion turns out that in the entire European Union lost about a quarter of turnover. Interestingly, the main differences in data between the EU and Ukraine are observed in the Ukrainian imports. If according to Eurostat from Europe to Ukraine goods were exported at $ 36.5 billion, is imported - only $ 28,8 billion Even more interesting for the EU countries separately. As already mentioned, on the way back from Germany and lost 1.6 billion euros, or $ 2.32 billion, of which imports to Ukraine comes to $ 2.25 billion, or 31% of all imported from Germany. And this state - our major European trading partner. In addition, the ten largest importers of Ukrainian part of two EU countries - Poland and Italy. So, on the way from Italy to Ukraine goods got lost almost $ 990 million (or 40% of the Ukrainian official data), and on the way from Poland - $ 2 billion (47,2%). However, Poland is far from record-holder. For example, our Hungarian and import figures in Ukraine vary in 1,7 times - 2,2 billion against 1.28 billion Discrepancies can always be blamed on the mistakes of the methodology. Experts call for at least five technical and methodological reasons for which reporting may be distorted. First - this is the error in the information according to the principles of the trading system. We export /import is taken into account when crossing the border, while in Europe - after passing through customs procedures. The corresponding time lag can be up to a month. The time factor is present in the foreign trade transactions with countries that have no common border. However, if we analyze the data for the year, then its impact on accountability is minimal - no more than 2-2,5% in a conservative assessment of import or overestimation of Ukrainian exports. second - this is the definition of statistical value. According to international standards, the cost of imported goods is determined by the CIF, while exports - FOB or DAF. The cost of transportation and insurance, according to analysts, can distort the statistics of 5-7%. In addition, as a rule, when the mirror is used against the average rate of transformation of prices, while the cost of carriage or insurance may differ depending on the product. Third - it's exchange rate. In the whole EU trade is estimated at euro, while the Ukrainian State Committee on Statistics is calculated in dollars. When providing these indicators to a common denominator, typically using an average exchange rate for a certain period. And when you consider that the euro against the dollar last year fell by 4,23%, it turns out that the statistical data in euro have been underestimated in relation to Ukrainian export to the same rate, and consequently on the same inflated imports. The fourth thing to note - the customs authorities of different countries set different thresholds to account for the cost of imported and exported goods. In Ukraine, too, are indicative prices for import-export of products, however, in terms of imports, they just do not allow to show a very low cost.

on the results of yesterday's trading on the interbank market the dollar rose 8.10 cents, the euro rose 13 kopecks. example, trades on the dollar on the interbank market resulted in a range 8,529-8,5455 UAH /USD. Trades on Euro culminated in a range 12,4315-12,474 grn /euros, trading at a ruble - 0,2769-0,2781 UAH /USD. National Bank entered the market with the sale at auction of the euro price cut 11,65 grn /euros. open a tender for a dollar decrease in quotations - 8,4225-8,4645 UAH /USD., trades on the euro - 12,3005-12,347 grn /euros, trading at a ruble - 0,2737-0,2753 UAH /USD. morning on the cash market, the dollar and the euro stabilized. banks bought dollars on 8,25-8,46, sold - to 8,53-8,70 UAH /USD. Course of purchase of cash euro was 12,0-12,32 grn /euros, with sales - 12,45-12,70 grn /euros. evening of cash dollar rose to purchase from 5 to 11 cents: courses of purchase - 8,30-8,57 UAH /USD.

American automaker General Motors hopes to accelerate its recovery, ensuring car buyers a full refund, they spent on buying a new Chevrolet, GMAC, Buick or a Cadillac, if the model you purchased does not meet their requirements, reports Associated Press. new marketing tactics designed to recover the confidence of buyers who have already begun to be suspicious of companies that went bankrupt earlier this year. In addition, GM intends to recover some lost in the fight against foreign competitors U.S. market. A major manufacturer of this country need to increase sales to pay off billions of dollars of debts to the state and maintain their own positions in the automobile industry. Starting from November 30 this year, General Motors will allow buyers of new cars draw them back no questions asked after 30 - 60 days of using a car.