FOREX and Financial Crisis

Economic Chamber of the court of Budapest on the suit of the company Mabofi Holdings Ltd yesterday invalidated the decision of the Hungarian Energy Office (HEO) of 29 April 2009 on approval of the transaction to acquire Rosgas 100% ownership in the firm Emfesz KMT. This is stated in the message of the court. In support of its decision, the court stated that the VEO has violated legal standards because it did not request the required for a decision under the law "power of attorney from the seller to name the deal signed, authorizing the transfer of its share ownership, as well as proof of ownership relations, and management scheme Rosgas" . The court decided that the VEO has re-examined the transaction of sale of an asset taking into account the foregoing. Immediately following the consideration of cases Unified Court of Budapest decided to delete from the register of shareholders Rosgas Emfesz. Emfesz Company was incorporated in September 2003 with an authorized capital of $ 2.5 million Implements 3.5 billion cubic meters of gas in the domestic market in Hungary. The market value is estimated at $ 800 million Until the spring of 2009 Emfesz owned company Mabofi, controlled by Dmitry Firtash. In April, after RosUkrEnergo on Gazprom"s decision deprived Russia"s gas and ceased to be its supplier to Ukraine, Hungary and Poland, the head of Emfesz - Lawyer Stephen Gotsi - had a deal to sell the Swiss company Rosgas for $ 1. In early May, HEO registered transaction. Then Mabofi, whose representatives argued that the transaction is carried out illegally, filed in the Budapest Court of First Instance of the requirement of its dissolution.

Metropolitan Municipality is preparing for another round of anti-malicious defaulters for housing and communal services. From Kiev, arrears of rent, have already started to turn off the electricity. And in the near future, they prohibit issuing passports and travel outside Ukraine. According to the Chief Information and Computing Center KSCA, total debt service for the Kiev Housing is today about 0.5 billion UAH., of which about 340 million UAH. - Arrears of rent. Most of this amount represents only 8 thousand hard-core non-payers, which should ZhEKam more than 10 thousand UAH. each. Although the mayor has repeatedly attempted to solve this problem, a tangible result to no avail. From the service reservoir, the city had to refuse, because the procedure developed by the KSCA cooperation with them in the spring of last year challenged the prosecutor"s office. The use of devices to block access to sanitation apartments (so-called crabs) - an expensive method, and therefore widely used in Kiev is not found. As a result, in the metropolitan municipality decided to bet on ZhEKov recourse to the courts, which should contribute to the solution of the summer the city council, exempting from the payment of operating the office of the state duty. Since ensure expeditious implementation of positive solutions for ZhEKov courts was problematic because of the slowness of the executive service, officials decided to use additional methods of exposure. The first of them, according to a source in the city administration, will be off these apartments from the power supply. This procedure mayor has already agreed with the management of JSC "Kyivenergo." The fact is that most of debtors, ignoring the payment of all utility services, do pay for electricity. But the structure of the rent is a small sum for maintenance Intra electrical networks. Therefore, workers ZHEK will send two copies of the letter - in JSC Kyivenergo and non-payers, which notified the parties that can not be responsible for the safe operation of power grids because of the arrears of rent. Disable flat from electricity meters will come and seal ZHEK and employees, and the power company.

Swiss investment bank UBS has ceased to provide services to provide some of the largest investment companies in the world access to the domestic stock market of China.   UBS is one of 86 foreign financial groups, which received the right to invest in the securities of China under a qualified foreign institution investors (QFII). Under this scheme, UBS, for a fee provided the institutional clients to the exclusive use of their investment quotas. Then UBS to buy or sell shares at the request of the client.   Swiss bank has completed this activity in November, a month after Beijing banned the "transfer or sale of" quotas under a QFII. However, since there are still disagreements over the interpretation of the new rules, other investment banks continue to provide services for the provision of quotas. "This is a serious change in our business model, but we decided that the best way to make concessions and, therefore, taken the most urgent measures" - says the head of the Department of the Chinese stock market UBS Nicole Yuen (Nicole Yuen).

income to the state budget of Ukraine for 2009 from the excise tax on tobacco products increased by 2.5 times compared to 2008 - to more than 9 billion UAH, said a coalition of NGOs "For a smoke-free Ukraine" with reference the data of the State Tax Administration (Tax Administration). "This increase in revenue was the result of two significant increases in excise duties in September 2008 and May 2009," - said in a statement on Monday. As reported in early January this year the Ukrainian government approved a strategy for reforming the tax system, which provides a substantial increase in excise tax payments. From 1 January 2010 and came into force a law which provides for indexation of excise rates on tobacco products and tax liability for payment of excise duty for each unique name for cigarettes, which is calculated at the same time the rates as a percentage of turnover from sales in lump sum per unit sold goods (products). &aea8mp;lt;p> According to the Ukrainian association of manufacturers of tobacco products "Ukrtyutyun, in May-September 2009, legal production of cigarettes declined by 21,5% compared to same period in 2008 due to the increase from May 1, the excise rates on tobacco products.

Forbes magazine sued the right to address forbes.ru and now can get the greatest compensation for breach of trademark rights on the Internet for the entire judicial practice in Russia. Moscow Arbitration Court on Dec. 29 ruled on the suit of Russian publishers of the magazine - ID Axel Springer Russia and Forbes Media LLC, under which the travel company Landmark VIP service is required to pay them compensation for the unlawful use of a trademark in a domain name, said the report publishing home. If the decision is not appealed, the payment will be 300 thousand dollars (about 8 million rubles at the current rate CBR). Agency for several years used the domain forbes.ru to move New Year cruises to Antarctica, pointing to the site that the English naturalist and professor of physics James David Forbes became famous for research on the formation of glaciers. "We called forbes used without malice, - said director general of Landmark VIP Service Yuri Galustov. - Journal immediately filed suit, though we could give the domain and so. Maybe asked to only compensate for costs incurred to support the site" . The decision on the appeal is pending, he said. suit against Landmark VIP Service "was filed in August, and fall Forbes suggested that the agency to resolve the conflict without compensation, but was refused, according to chief editor forbesrussia.ru Gregory Punane.

In 2009, the decline in prices for land there was little until November, when the land market unexpectedly demonstrated positive dynamics.   According to market experts, the increased cost of land at the end of the year is not due to increased demand for land. The reason for the positive dynamics are likely to become the depreciation of the dollar. Because of this, vendors have raised prices in the currency so as not to lose profits in national currency.   According to the Land Union of Ukraine ", the value of land in the region today will start from about $ 1,5 thousand sq.m.. Thus, in the Cherkassy region can find sites for $ 1,7 thousand sq.m..   In the same price of land in the Zhytomyr region on the border with Rivne, but along the route Kyiv-Zhytomyr - already $ 4-6 thousand sq.m.. In the Rivne region land and roads near the route Kyiv-Chop, the proposal price here ranges from $ 4.7 thousand sq.m., and for a particularly attractive areas requested and $ 10 thousand sq.m..

In 2009, the shortfall in state budgets of many countries has led to what officials have begun to invent new taxes, some of which were very unconventional. In this regard, the newspaper "Time News" decided to compile a list of the ten most insane tax initiatives in 2009. In particular, the list includes the proposal of Senator Harry Reid on the introduction of five percent tax on cosmetic procedures to correct the exterior, for example, the operation of smoothing wrinkles, or breast augmentation. In addition the publication noted the tax on the fat in food by the Parliament of Denmark. not remained without attention to the initiative of President of the Latvian Society of Doctors Peteris Apinis impose excise duty on salt and sugar, by analogy with the excise on tobacco and alcohol.   Administration Isle of Man in 2009 and proposed to impose a tax on Internet pirates, as Governor of New York, David Paterson said that the need to impose a tax on the purchase of movies over the Internet, including pornographic content.

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.

           29.12.09 20:14 ;   Domestic exchanges began trading Tuesday gepom up. This contributed to the growth of futures for U.S. indices and the positive dynamics of the global sites. second straight session, better than the market traded shares of oil and gas sector against the backdrop of high oil prices. At the end of the day "LUKOIL" has risen in price on 0,84%, Gazprom - on 1,45%. Shares Rosneft fell 0,72%. metal market throughout the session observed countervailing dynamics. At the end of the day the main representatives of the sector also closed raznonapravlenno: MMC Norilsk Nickel has added 1,14%, Severstal - 0,12%, shares of Polyus Gold dropped by 0,12%. the eve of the U.S. leaders were representatives of reducing the banking sector. corresponding to the dynamics observed in Russian industry representatives during the day. However, the results of trading sector stocks closed in zelnoy zone: Paper Sberbank added 0.8%, VTB shares - 1,43%. In the "second echelon" for information on opening a factory in the Far East distinguished SOLLERS shares (4.32%). Continue shopping in the papers of "Aeroflot" (3 %). an outsider shares closed Rostelecom (-1.84%), AFK Sistema (-1.82%), prefecture "Transneft (-1.76%).