FOREX and Financial Crisis

Over the past few years Ukraine has experienced for the first time the New Year and Christmas without the heartbreaking news from the "gas front". We celebrated and not feared from day to day go without heat, which was even a little strange. But, as experts say, the Ukrainians are far from this "truce" with Russia in gas relations, today we have only a lull. The reason many believe the coming presidential election, saying Moscow does not want to spoil the life of Yulia Tymoshenko. Of which, of course, begs the conclusion that there are certain agreements between the current prime minister and Gazprom. What promises gave Russia"s Yuliya his colleague, no one really knows, but speculation rife. But apart from speculation in the gas sector there are very specific threats with which the Ukrainian economy may face in 2010. So try to concentrate on those problems that have real confirmation today, although there without politics do not work ... "s all about price It so happened in recent years that we have almost everything related to gas policy, there are two diametrically opposite views - one of the Cabinet, which decisions are made, and the second - the Secretariat of the President, who criticize these decisions. And who, if not representative of the joint venture, state the problem Naftogaz fuller and deeper. Thus, according to the President on Energy Security Bohdan Sokolovsky, in 2010, as well as in 2009th, the main problem for Ukraine will remain unjustifiably high price Russia"s gas. According to him, in the first quarter of 2010-th it on the border of Ukraine will be $ 305 for 1 thousand cubic meters. But, as we know, the Cabinet has promised to keep the price of gas for industrial enterprises at the level of last year. However, the representative of the President believes that last year"s price of $ 250 was unacceptable. "If you look at official statistics, it must be admitted that the products of our chemical enterprises actually ousted from external markets. Unfortunately, we lost more than half of Ukrainian market of chemicals, we are talking about nitrogen and other fertilizers, raw materials, which is natural gas. Today, the price of imported fertilizers is lower than domestic production ", - said Sokolovsky. According to him, "if the price at this level will be in the current year, there are two major negatives: the Ukrainian chemistry and metallurgy remain competitive, including in the domestic market. A second factor - the difference between 305 dollars per thousand cubic meters on the border and 250-S dollars that are made by the government. It would have to be met from the budget or through loans. Count on favorable loans Ukraine in 2010 will not have to. " Regarding permission to use Ukraine"s IMF gold reserves amounting to $ 2 billion to pay for gas, then, according to Sokolovsky, this erroneous decision. "Foreign exchange reserves is made up of only 27 billion dollars and if you take away from them 2 billion, it will already be below the critical point, allowing the country to maintain its solvency," - he said. Sokolowski also noted that, according to the calculations of experts, the lack of Naftogaz for 2010 will be about $ 4 billion "This is the deficit, which is not known from what sources to cover. Given the Government"s decision to maintain prices for industry and Teplokommunenergo at the level of 2009 and prices in the $ 305 on the border of Ukraine and Russia, the lack of Naftogaz increases in 2010 for at least 1 billion dollars this way, he in 2010 published on 5 billion dollars, again from unidentified sources covering "- once again stressed Sokolovsky. In his view, the definition of "catastrophe" for the financial position of Naftogaz in this regard will sound softly. He is convinced that in 2010 the Ukrainian government should consolidate its efforts and make Russia more favorable conditions for cooperation in gas sphere. "We are totally unable to pull such high gas prices," - he stressed. But there is also a transit fee for transporting gas through Russia"s Ukrainian gas transport system, which in 2010 will amount to 2,7 dollars for 1 thousand cubic meters against 1.7 dollars in 2009. But here B. Sokolovky sees Ukraine"s special prize. "In 2010, by increasing the transit rate of Ukraine would have to get 3.2 billion dollars. But part of the money we received in 2009, they will be taken into consideration when paying for transit for the first quarter of 2010. In addition, in 2010 we will have to spend about 1.9 billion dollars to purchase 6.5 billion cubic meters of process gas required to ensure the transit of gas. Took it from $ 3 billion of 1.9 billion that would go to the payment process gas in the dry residue will be about $ 1 billion, but after all the obligatory payments of that amount remains about $ 700 million That"s the number and will be winning Naftogaz of price increases, Russia"s gas transit "- the expert said. But that"s not all our problems in the gas sphere. According to Sokolowski, serious concerns should call the gas balance, approved by Cabinet in 2010. "According to the balance sheet at 1 January 2011 in the Ukrainian underground gas storage (UGS) should be 16 billion cubic meters, which is totally unacceptable figure for the winter period.

shadowing of Ukraine"s economy in terms of financial and economic crisis has become all-out character, and is estimated by individual experts and researchers in the amount of up to 60% of GDP, which is at the present stage, a real threat to national security. informed of this NASU scientists in the national report "СоціÐ°Ð»ÑŒÐ½Ð¾-економіÑ‡Ð½Ð¸Ð¹ camp Ukraine: насліÐ´ÐºÐ¸ for the people is the power." "We can state the actual completion of the restructuring of shadow economic activities across the state. This activity was part of its economy. It serves the economic and political interests of certain influential institutions and the business community" - they note. Most experts believe that 25-50% of the turnover of private enterprises are not reflected in the documents of the accounting (shadow turnover). The level of care in the shadow depends on what kind of enterprise, "who is behind it, etc. Most small businesses "shadow" may reach 80-90%. According to independent experts, the most common types of shady activities are: optimization of taxes, prostitution, drug trafficking, illegal migrant labor, gambling.

Company Kyivenerho introduced to pay for their electricity through the online payment Portmone.com from 1 January 2010. This is stated in the press service Kyivenerho. The company said that the use of this service may all consumers, who have signed with Kyivenerho direct contracts for electricity. Thus, the means of payment is through a system Portmone.com come at the expense of Kyivenergo the next after a business day, with additional commission for this transaction will be charged. paper receipt confirming the payment, will be delivered to the subscriber by mail. Interbank system of electronic delivery and payment of bills Portmone.com provides services for the delivery and payment of bills for goods and services online via the Internet.

  Friday, December 18, trading on U.S. stock exchanges were even in the complete absence of any significant macroeconomic data from the U.S. and globally. therefore a guide to the markets was the successful quarterly results and optimistic projections for 2 large representatives of the high-tech sector - a leading developer of software products for large businesses, Oracle and Research In Motion, generating record sales pobivshie smartphones BlackBerry. Both companies have not only successfully made themselves by winning on the basis of trades, respectively 6.3% and 10.4%, but also contributed positive dynamics of equity markets, especially the base for high-tech enterprises NASDAQ. important factor for developments on the stock exchange was complete and quarterly trade just four types of futures and options on indexes and stocks, as well as the quarterly change in the listing SP 500, all of which usually leads to greater sales volume and high volatility with unpredictable finale . The influence of these factors on the course of trading is clearly apparent, and on Friday, which, however, did not prevent all the major stock indexes end the day with a positive result, but with varying degrees of success on the week. Index Dow Jones industrial average rose by 20.63 points or 0.20% to 10328.89 points, reduction per week was 1.4%. Index of Standard Poor "s 500 rose by 6.39 points or 0.58%, to close at 1102.47 points, a loss for the week amounted to 0.4%. The Nasdaq Composite Index rose by 31.64 points or 1.45% to a value of 2211.69 points, adding during the week of 1%. at an elite American Economic Club of Top-30 in the Green Zone finished the majority of companies (18), headed by leading representatives of high-tech sector - the main driver of growth of stock markets on Friday - Intel Corporation (2.9%), Microsoft (2.6%) , Hewlett-Packard (1.9%) and Cisco System (0.7%). With a decent profit over the day and for the largest representatives of the financial sector, JPMorgan Chase (1.7%) and Bank of America (1.1%). Among the losers the worst result was marked by the aviation industry"s flagship Boeing (-1.9%) due to the breakdown of negotiations with the planned order of 200 new aircraft the airline Ryanair Holdings, after both sides failed to agree on mutually acceptable terms of the contract.