Verkhovna Rada refused to consider three anti-crisis draft law prepared by the Government of Ukraine. UNIAN reported. In particular, the agenda did not include a bill to amend the Law on Budget of Ukraine for 2009 and the laws on pension provision.
Total consideration for the Ukrainian Parliament had before it five draft laws. Two of them - to raise excise taxes on tobacco, alcohol and diesel fuel - the Verkhovna Rada adopted. That was reported by Reuters.
Earlier, Prime Minister Yulia Tymoshenko said that the Government's anti-crisis package will allow the budget to get additional revenue of $ 6 billion hryvnia (750 million dollars).
After the voting in the Verkhovna Rada, has been completed, Timoshneko announced that it intends to hold with Ukrainian President Viktor Yushchenko further consultations. However, it is not excluded that in the not-taken Rada may be amended bills, Interfax reports. It is expected that draft legislation will be introduced by the parliament 1 April 2009.
The bill proposing changes to the budget law, would give Ukraine the main financial document into line with the requirements of the IMF. As a result, Ukraine was able to receive the second tranche of the credit crisis fund, the total amount of which is 16.4 billion dollars.
Tuesday, March 31, 2009
The World Bank has estimated the volume of the fall of global GDP.
KommentariiOptimizma poubavilos30.03.2009Vsemirny Bank issued a shocking prediction of economic downturn in the economy RossiiVsemirny pessimizm09.03.2009Mirovoy predicted the biggest decline since the Second World voynyMirovoy of GDP in 2009 decline by 1.7 per cent, which will be the first decline to the Second World War. This informs AFP referring to the World Bank. The recession will occur against a background of reducing the economies of developed countries, whose GDP will decrease during the year by an average of 2.9 percent.
The fact that the global economy forward to a recession, the World Bank told another beginning in March 2009. However, exact figures could not lead the organization, stating that the loss of growth in world GDP is estimated at five per cent of the potential value.
The World Bank, GDP growth in developing countries will slow to 5.8 percent in 2008 to 2.1 percent in 2009-m. The bank had previously expected growth of the economies of developing countries at 4.4 per cent. In addition, the GDP of Europe and Central Asia this year will drop by two per cent, Latin America and the Caribbean - at 0.6 percent.
March 30, 2009 The World Bank issued a forecast for GDP growth in Russia this year. According to the organization, the country's economy to shrink by 4.5 percent.
World recession and the GDP will help to decrease the volume of trade. The figure in 2009 will decrease by 6.1 percent compared to 2008 year. The reason will be the continuing decline in demand for goods in the world market caused by the global financial and economic crisis.
According to the European Central Bank, reducing the euro zone GDP in 2009 range from 2.2 to 3.2 per cent. According to official data, the U.S. economy in 2009 will decrease by 0,5-1,3 percent. The Government of Russia expects the recession the country's GDP at 2.2 percent.
The fact that the global economy forward to a recession, the World Bank told another beginning in March 2009. However, exact figures could not lead the organization, stating that the loss of growth in world GDP is estimated at five per cent of the potential value.
The World Bank, GDP growth in developing countries will slow to 5.8 percent in 2008 to 2.1 percent in 2009-m. The bank had previously expected growth of the economies of developing countries at 4.4 per cent. In addition, the GDP of Europe and Central Asia this year will drop by two per cent, Latin America and the Caribbean - at 0.6 percent.
March 30, 2009 The World Bank issued a forecast for GDP growth in Russia this year. According to the organization, the country's economy to shrink by 4.5 percent.
World recession and the GDP will help to decrease the volume of trade. The figure in 2009 will decrease by 6.1 percent compared to 2008 year. The reason will be the continuing decline in demand for goods in the world market caused by the global financial and economic crisis.
According to the European Central Bank, reducing the euro zone GDP in 2009 range from 2.2 to 3.2 per cent. According to official data, the U.S. economy in 2009 will decrease by 0,5-1,3 percent. The Government of Russia expects the recession the country's GDP at 2.2 percent.
OECD has predicted Russia five slowdown in GDP.
KommentariiOptimizma poubavilos30.03.2009Vsemirny Bank issued a shocking prediction of economic recession in RossiiOrganizatsiya for Economic Cooperation and Development (OECD) has revised the forecast changes in Russia's GDP in 2009, with growth at 2.3 per cent to fall to 5.6 percent, Interfax reports. At the same time in 2010 in the Russian economy will resume growth, which amounted to 0.7 per cent.
This projection is the most pessimistic of the published international organizations. Recall, 30 March, the World Bank to predict the fall of Russia's GDP, on the basis of 2009 to 4.5 per cent, while in 2010 growth will be zero. Russian officials expect less than a deep recession in the country: according to the expectations of the Ministry of Economic Development, the economy in 2009 should decrease by 2.2 percent.
OECD also expects the deceleration in inflation in 2009 to 8 per cent to 13.3 per cent in 2008-m, and the following year consumer price inflation amounted to only 6 per cent.
OECD has predicted the decline in their respective parties in the average level of 4.3 per cent in 2009. At the end of the year the level of official unemployment rate of more than 10 percent. The only country that will avoid the massive spike in unemployment would be Japan.
The Organization for Economic Cooperation and Development brings together the 30 most economically developed countries in the world. Among the participants in the organization - the majority of the members of the EU, United States, Japan, Australia, South Korea and some others. Russia in 2007 was invited to participate in the negotiations for membership in the organization.
This projection is the most pessimistic of the published international organizations. Recall, 30 March, the World Bank to predict the fall of Russia's GDP, on the basis of 2009 to 4.5 per cent, while in 2010 growth will be zero. Russian officials expect less than a deep recession in the country: according to the expectations of the Ministry of Economic Development, the economy in 2009 should decrease by 2.2 percent.
OECD also expects the deceleration in inflation in 2009 to 8 per cent to 13.3 per cent in 2008-m, and the following year consumer price inflation amounted to only 6 per cent.
OECD has predicted the decline in their respective parties in the average level of 4.3 per cent in 2009. At the end of the year the level of official unemployment rate of more than 10 percent. The only country that will avoid the massive spike in unemployment would be Japan.
The Organization for Economic Cooperation and Development brings together the 30 most economically developed countries in the world. Among the participants in the organization - the majority of the members of the EU, United States, Japan, Australia, South Korea and some others. Russia in 2007 was invited to participate in the negotiations for membership in the organization.
Sechin announced reluctance of Russia to join OPEC.
Russia not yet ready to join the Organization of the countries - exporters of petroleum (OPEC), but for the joint coordination of activities aimed at increasing the cost of oil on the world market. The statement was made Vice-Premier of Russia, Igor Sechin in an interview with The Wall Street Journal. "Entry into OPEC to Russia, it would be irresponsible, because the country can not govern the actions of its oil companies," - Sechin said, adding that most of the oil companies do not belong to the State.
According to the Russian vice-premier, the Government of Russia did not support the reduction of quotas on oil production as a way to regulate the price of hydrocarbons. Nevertheless, this year, Russian companies can reduce production of oil, because falling prices make the production of fuel loss. In doing so, he added Sechin, if the cost of oil falls below $ 40 a barrel, its production by Russian companies could decline by 300 thousand barrels per day.
In 2008 Russia acquired 9.78 million barrels of oil per day. At the end of January-February 2009 the figure was 9.75 million barrels. The decrease in oil production to total 0.3 percent.
In the interest of Russia, according to Sechin, try to keep the price of oil in the 60-100 dollars a barrel. For this purpose, in particular, the planned establishment of a reserve of oil reserves, which would respond rapidly to any changes in the global market.
In mid-March 2009 Sechin announced that Russia was prepared to delegate a representative to OPEC, which will establish operational links with the cartel. The Government of Russia has offered several forms of representation, of a special observer to the Ministry of Energy of the country in the Secretariat of the cartel.
Earlier, OPEC has asked Russia to reduce oil production, more than the natural decline in the global crisis. In doing so, according to the cartel, the country should co-ordinate decline in hydrocarbon production from OPEC, and to do so demonstratively, to have a significant impact on oil prices. What Russia should reduce the amount of prey, cartel did not specify.
According to the Russian vice-premier, the Government of Russia did not support the reduction of quotas on oil production as a way to regulate the price of hydrocarbons. Nevertheless, this year, Russian companies can reduce production of oil, because falling prices make the production of fuel loss. In doing so, he added Sechin, if the cost of oil falls below $ 40 a barrel, its production by Russian companies could decline by 300 thousand barrels per day.
In 2008 Russia acquired 9.78 million barrels of oil per day. At the end of January-February 2009 the figure was 9.75 million barrels. The decrease in oil production to total 0.3 percent.
In the interest of Russia, according to Sechin, try to keep the price of oil in the 60-100 dollars a barrel. For this purpose, in particular, the planned establishment of a reserve of oil reserves, which would respond rapidly to any changes in the global market.
In mid-March 2009 Sechin announced that Russia was prepared to delegate a representative to OPEC, which will establish operational links with the cartel. The Government of Russia has offered several forms of representation, of a special observer to the Ministry of Energy of the country in the Secretariat of the cartel.
Earlier, OPEC has asked Russia to reduce oil production, more than the natural decline in the global crisis. In doing so, according to the cartel, the country should co-ordinate decline in hydrocarbon production from OPEC, and to do so demonstratively, to have a significant impact on oil prices. What Russia should reduce the amount of prey, cartel did not specify.
The CIS countries supported by Russia for a summit abstract G20.
SyuzhetyAprelskoe meeting G2028.03.2009V London, began a protest against the "Big twenty" Finance Ministers and heads of central banks of CIS countries have agreed to Russia's proposal to reform the world economy. The statement was made by Vice-Premier and Finance Minister Alexei Kudrin, Russia, RIA News. Abstracts Russia summit in the Kremlin have been published in mid-March.
Kudrin said that at a meeting of finance ministers and heads of central banks of CIS were discussed and some suggestions that Russia was voiced at the summit of the Greater twenty. In particular, the CIS countries have agreed to harmonize their policies with Russia in areas of mutual trade, investment and loans.
One of the central proposals of Russia to the summit of G20 has been the introduction of a single world currency, or expand the list of reserve currencies. This, according to Russian officials, would help reduce the dependence of the global economy from the dollar. Such a proposal was made, and China, but in several major economies of the world have already stated that they would not discuss the creation of a new reserve currency for the Summit.
According to Kudrin, within the CIS is necessary to develop mutual payments in the currencies of the States Parties. The Minister of Finance acknowledged that talk of creating a single currency in the territory of CIS countries is still too early.
Previously, Russia had already made several attempts to abandon the dollar in the calculations with their neighbors. In particular, the Russian press in October 2008 reported that Russia agreed with Belarus on the calculation of gas and oil in rubles. In doing so, the President of Belarus Alexander Lukashenko said that the ruble could become a regional reserve currency.
Kudrin said that at a meeting of finance ministers and heads of central banks of CIS were discussed and some suggestions that Russia was voiced at the summit of the Greater twenty. In particular, the CIS countries have agreed to harmonize their policies with Russia in areas of mutual trade, investment and loans.
One of the central proposals of Russia to the summit of G20 has been the introduction of a single world currency, or expand the list of reserve currencies. This, according to Russian officials, would help reduce the dependence of the global economy from the dollar. Such a proposal was made, and China, but in several major economies of the world have already stated that they would not discuss the creation of a new reserve currency for the Summit.
According to Kudrin, within the CIS is necessary to develop mutual payments in the currencies of the States Parties. The Minister of Finance acknowledged that talk of creating a single currency in the territory of CIS countries is still too early.
Previously, Russia had already made several attempts to abandon the dollar in the calculations with their neighbors. In particular, the Russian press in October 2008 reported that Russia agreed with Belarus on the calculation of gas and oil in rubles. In doing so, the President of Belarus Alexander Lukashenko said that the ruble could become a regional reserve currency.
Officials offered to extend the anti-crisis program for 2010.
SyuzhetyIzmeneniya in the budget for the 2009-2011 gody27.03.2009Gosduma authorized the government to take short byudzhetKommentarii (Anti) byudzhet20.03.2009Vpervye crisis in eight years the Russian government approved a deficit byudzhetEkonomika dual dnom23.03.2009Pravitelstvo hurried "withdraw" from Russia krizisaRossiysky Union of Industrialists and Entrepreneurs (RSPP) suggested that the Government extend the anti-crisis program, 2009 to 2010. This writes the newspaper Kommersant. Proposal businessmen had supported the president of Russia Dmitry Medvedev.
Anti-crisis program summarizes all the actions of the government in 2009 to overcome the financial crisis. This document has been approved by the Government March 19, simultaneously with the new version of the budget for 2009. The document assumes that the total cost of the measures that the government would deploy to combat the crisis will be over 3 trillion rubles. Of these, at the expense of the budget will be funded at 1.6 trillion rubles.
The newspaper Vedomosti said that in April the Government will begin to discuss the crisis plan for 2010 and a new budget. Preparation of documents completed by the end of August, the crisis measures for next year will be met by the budget. The statement was made first vice-premier Igor Shuvalov Russia.
In doing so, previously Vice-Premier and Finance Minister Alexei Kudrin said that afford crisis measures "Russia can only be for one year."
Recall that the Russian government on 19 March approved the amended draft budget for 2009 and plans to make it to the State Duma in the near future.
Anti-crisis program summarizes all the actions of the government in 2009 to overcome the financial crisis. This document has been approved by the Government March 19, simultaneously with the new version of the budget for 2009. The document assumes that the total cost of the measures that the government would deploy to combat the crisis will be over 3 trillion rubles. Of these, at the expense of the budget will be funded at 1.6 trillion rubles.
The newspaper Vedomosti said that in April the Government will begin to discuss the crisis plan for 2010 and a new budget. Preparation of documents completed by the end of August, the crisis measures for next year will be met by the budget. The statement was made first vice-premier Igor Shuvalov Russia.
In doing so, previously Vice-Premier and Finance Minister Alexei Kudrin said that afford crisis measures "Russia can only be for one year."
Recall that the Russian government on 19 March approved the amended draft budget for 2009 and plans to make it to the State Duma in the near future.
Igor Sechin care for the Russian metallurgy.
Vice-Premier Igor Sechin has been Chairman of the Government Commission on the development of the metallurgical complex. This is stated in the order, issued at the Russian government.
The commission included the general director goskorporatsii "Rostehnologii Sergei Chemezov and Deputy Head of FAS Andrey Tsyganov. In addition, the commission also got representatives of the largest steel companies, including Director of Rusal, Oleg Deripaska, the head of "Severstal" Alexey Mordashov, and the owner of "Metalloinvest" Alisher Usmanov. From the mill "Norilsk Nickel" in the commission entered its leader Vladimir Strzhalkovsky.
We remind the Russian authorities to set up a commission on the development of the metallurgical complex of the country in late January 2009. Among the possible head of the Commission, in addition to Igor Sechin, formerly also known as the first vice-premier Igor Shuvalov.
Metallurgical industry, which is one of the most important of the Russian economy was severely affected due to financial and economic crisis. In particular, debts RusAl to banks is estimated at 14 billion dollars. In early March, Rusal agreed to a deferred payment of the debt in the 7.4 billion dollars in loans from international banks, and even before that - settled a debt to 2.8 billion dollars of investment group "Oneksim.
The commission included the general director goskorporatsii "Rostehnologii Sergei Chemezov and Deputy Head of FAS Andrey Tsyganov. In addition, the commission also got representatives of the largest steel companies, including Director of Rusal, Oleg Deripaska, the head of "Severstal" Alexey Mordashov, and the owner of "Metalloinvest" Alisher Usmanov. From the mill "Norilsk Nickel" in the commission entered its leader Vladimir Strzhalkovsky.
We remind the Russian authorities to set up a commission on the development of the metallurgical complex of the country in late January 2009. Among the possible head of the Commission, in addition to Igor Sechin, formerly also known as the first vice-premier Igor Shuvalov.
Metallurgical industry, which is one of the most important of the Russian economy was severely affected due to financial and economic crisis. In particular, debts RusAl to banks is estimated at 14 billion dollars. In early March, Rusal agreed to a deferred payment of the debt in the 7.4 billion dollars in loans from international banks, and even before that - settled a debt to 2.8 billion dollars of investment group "Oneksim.
China and Argentina have agreed to trade without the U.S..
KommentariiEdiny world rezerv25.03.2009SShA refused to replace a single dollar of the world valyutoyTsentrobank of China has concluded with the Central Argentine agreement on currency swap to 70 billion yuan (10 billion dollars), informs Bloomberg. This agreement will allow Argentina to pay for imports of goods from China, the Chinese currency. China has already signed similar agreements with six in December 2008.
Is called a currency swap agreement to exchange a certain amount of one currency for another. This prerequisite is backward through the recorded transaction in the transaction time. Such an agreement at the international level allow to renounce the use of trade dollars or euros.
March 12, 2009 China agreed on a currency swap with Belarus. Under the deal, China has provided 20 billion yuan, Belarus - almost eight trillion national rubles. The term of the agreement is three years. Previously, similar agreements have been concluded with Malaysia, South Korea, Hong Kong and Indonesia.
March 24, monetary authorities of China announced its own plan for reforming the global financial system, involving the creation of an international reserve currency. To this end, it was proposed to use special drawing rights (SDR) - artificial means of payment International Monetary Fund (IMF), tied to a basket of four currencies. The world economy SDR are not too active.
Later, the IMF Managing Director Dominique Strauss-Kahn, has supported the idea of creating a single world currency. For its part, U.S. President Barack Obama, the idea of creating a single currency has rejected, saying that the dollar is stable and the confidence of investors is growing.
Is called a currency swap agreement to exchange a certain amount of one currency for another. This prerequisite is backward through the recorded transaction in the transaction time. Such an agreement at the international level allow to renounce the use of trade dollars or euros.
March 12, 2009 China agreed on a currency swap with Belarus. Under the deal, China has provided 20 billion yuan, Belarus - almost eight trillion national rubles. The term of the agreement is three years. Previously, similar agreements have been concluded with Malaysia, South Korea, Hong Kong and Indonesia.
March 24, monetary authorities of China announced its own plan for reforming the global financial system, involving the creation of an international reserve currency. To this end, it was proposed to use special drawing rights (SDR) - artificial means of payment International Monetary Fund (IMF), tied to a basket of four currencies. The world economy SDR are not too active.
Later, the IMF Managing Director Dominique Strauss-Kahn, has supported the idea of creating a single world currency. For its part, U.S. President Barack Obama, the idea of creating a single currency has rejected, saying that the dollar is stable and the confidence of investors is growing.
The Government has announced a reduction in growth of unemployment.
SyuzhetyRost Rossii20.03.2009Za week of unemployment in the number of unemployed in Russia grew by 55 thousand chelovekPik growth of unemployment in Russia passed. The statement was made first vice-premier Alexander Zhukov, RIA News. The exact statistics for the citizens to employment centers does not lead officer.
Previously, it was reported that in Russia officially registered nearly 2.2 million unemployed, and the overall unemployment rate reaches 6.4 million. From 1 October 2008 the number of officially registered unemployed persons increased by 1.7 million people.
MHSD reports of an increase in unemployment of approximately once a week. On March 18, the number of registered unemployed persons stood at 2133 million people, but on March 13 - 2078 million.
The reason for the increase in the number of registered unemployed are not just firing at Russian enterprises, but also increase unemployment benefits.
According to Zhukov, the greatest increase in unemployment recorded in the regions where extended manufacturing. It is this sector of the economy has become one of the main victims of the crisis: according to previously published statistics Rosstat, namely in the field of manufacturing the number of unprofitable enterprises is much higher than the number of profitable.
According to official government forecasts of unemployment in Russia by the end of the year was 2.2 million. In early March, the head of MHSD Tatiana Golikova stated that this figure could grow to 2.8 million.
Previously, it was reported that in Russia officially registered nearly 2.2 million unemployed, and the overall unemployment rate reaches 6.4 million. From 1 October 2008 the number of officially registered unemployed persons increased by 1.7 million people.
MHSD reports of an increase in unemployment of approximately once a week. On March 18, the number of registered unemployed persons stood at 2133 million people, but on March 13 - 2078 million.
The reason for the increase in the number of registered unemployed are not just firing at Russian enterprises, but also increase unemployment benefits.
According to Zhukov, the greatest increase in unemployment recorded in the regions where extended manufacturing. It is this sector of the economy has become one of the main victims of the crisis: according to previously published statistics Rosstat, namely in the field of manufacturing the number of unprofitable enterprises is much higher than the number of profitable.
According to official government forecasts of unemployment in Russia by the end of the year was 2.2 million. In early March, the head of MHSD Tatiana Golikova stated that this figure could grow to 2.8 million.
The Government of Russia did not agree with the World Bank for GDP.
KommentariiEkonomika dual dnom23.03.2009Pravitelstvo hurried to "withdraw" from Russia krizisaPravitelstvo Russia disagrees with the World Bank, on which the country's GDP in 2009 decline by 4.5 percent. The statement was made first vice-premier Igor Shuvalov Russia, informs RIA Novosti. "This is a very pessimistic scenario for Russia", - added Shuvalov.
The official forecast of the Government of Russia, prepared by the Ministry of Economic Development, provides for reducing the country's GDP in 2009 to 2.2 per cent. This projection is based on the average cost of oil on the world market at 41 dollars per barrel. At the same time, the World Bank expects a larger reduction in the economy of Russia at a cost of Urals oil at 45 dollars per barrel.
The World Bank released its forecast for the economic development of Russia in 2009, the morning of 30 March 2009. In addition to reducing the country's GDP, it also would increase the federal budget deficit to six per cent of GDP. According to the Bank, inflation in Russia by the end of the year will be 11-13 per cent and a net outflow of foreign capital - 170 billion dollars. In addition, the World Bank expects growth of unemployment in Russia to 12 percent and poverty to 15.5 percent.
According to the MHSD, now in Russia officially recorded 2.2 million unemployed. Of these, the total unemployment rate reaches 6.4 million.
Recall that, according to the Government of Russia approved a draft federal budget for 2009, the budget deficit will be 7.4 percent of GDP. In 2009, this figure will reach three trillion rubles. The authorities intend to cover the deficit from the contingency fund, which, according to the March 1, 2009, amounted to 4.9 trillion rubles.
In 2009, the government expects growth in consumer prices at the level of 13-14 per cent.
The official forecast of the Government of Russia, prepared by the Ministry of Economic Development, provides for reducing the country's GDP in 2009 to 2.2 per cent. This projection is based on the average cost of oil on the world market at 41 dollars per barrel. At the same time, the World Bank expects a larger reduction in the economy of Russia at a cost of Urals oil at 45 dollars per barrel.
The World Bank released its forecast for the economic development of Russia in 2009, the morning of 30 March 2009. In addition to reducing the country's GDP, it also would increase the federal budget deficit to six per cent of GDP. According to the Bank, inflation in Russia by the end of the year will be 11-13 per cent and a net outflow of foreign capital - 170 billion dollars. In addition, the World Bank expects growth of unemployment in Russia to 12 percent and poverty to 15.5 percent.
According to the MHSD, now in Russia officially recorded 2.2 million unemployed. Of these, the total unemployment rate reaches 6.4 million.
Recall that, according to the Government of Russia approved a draft federal budget for 2009, the budget deficit will be 7.4 percent of GDP. In 2009, this figure will reach three trillion rubles. The authorities intend to cover the deficit from the contingency fund, which, according to the March 1, 2009, amounted to 4.9 trillion rubles.
In 2009, the government expects growth in consumer prices at the level of 13-14 per cent.
Russian officials have set prices for wheat.
Purchase price for food wheat in 2009 amount to 5,5-6 thousand rubles per ton, depending on region and class of products. This statement was made by the Minister of Agriculture of Russia Elena Skrynnik on the board of the Ministry on 30 March, reports RIA Novosti. Rye in the state estimated 3.9 thousand rubles per ton.
This price level is the minimum for the so-called grain interventions. Through such interventions the state could regulate and stabilize prices for grain, buying products from farmers in the event of declining prices and vbrasyvaya "grain on the market in case of increase of its value.
According to Skrynnik, for the purchase interventions in the current year allocated about 20 billion rubles. Procurement Ministry of Agriculture would determine at a later date, based on the prevailing market situation.
Purchasing state intervention began in 2008. Prior to this, the Government tried to reduce the prices of grain due to massive sales and export restrictions. Restriction on sale of grain abroad was lifted in July 2008.
This price level is the minimum for the so-called grain interventions. Through such interventions the state could regulate and stabilize prices for grain, buying products from farmers in the event of declining prices and vbrasyvaya "grain on the market in case of increase of its value.
According to Skrynnik, for the purchase interventions in the current year allocated about 20 billion rubles. Procurement Ministry of Agriculture would determine at a later date, based on the prevailing market situation.
Purchasing state intervention began in 2008. Prior to this, the Government tried to reduce the prices of grain due to massive sales and export restrictions. Restriction on sale of grain abroad was lifted in July 2008.
The Europeans no longer trust their own economies.
Composite index of business and consumer confidence in the economy of the euro in March 2009 decreased by 0.7 points to a minimum level since 1985, said the European Commission. The value index was 64.6 points.
Industrial confidence index in March 2009 fell to minus 38 points from minus 36 points in February. The index of consumer confidence fell to minus 34 points from minus 33 points. Reducing these figures occurs for ten consecutive months.
The reasons for the fall of the index of consumer and business confidence in the euro-zone economy was the decline of industrial production and rising unemployment, reported Bloomberg. According to the Organization for Economic Cooperation and Development (OECD), unemployment in the euro area as a result of 2009 is 10 percent. In addition, the Europeans' confidence in the economy and the impact the fall in oil prices, which fell by 60 percent compared to July 2008.
According to the EU, eurozone GDP in 2009 decline by 2,2-3,2 percent.
In early March 2009 the European Central Bank reduced the base rate by half a percentage point to 1.5 percent, which also led to a decline in the index of confidence in the euro-zone economy. The new discount rate was the minimum in the history of the European Union.
The index of confidence in the economy is calculated on the basis of the European Commission poll of 25 thousand customers and 50 thousand companies.
Industrial confidence index in March 2009 fell to minus 38 points from minus 36 points in February. The index of consumer confidence fell to minus 34 points from minus 33 points. Reducing these figures occurs for ten consecutive months.
The reasons for the fall of the index of consumer and business confidence in the euro-zone economy was the decline of industrial production and rising unemployment, reported Bloomberg. According to the Organization for Economic Cooperation and Development (OECD), unemployment in the euro area as a result of 2009 is 10 percent. In addition, the Europeans' confidence in the economy and the impact the fall in oil prices, which fell by 60 percent compared to July 2008.
According to the EU, eurozone GDP in 2009 decline by 2,2-3,2 percent.
In early March 2009 the European Central Bank reduced the base rate by half a percentage point to 1.5 percent, which also led to a decline in the index of confidence in the euro-zone economy. The new discount rate was the minimum in the history of the European Union.
The index of confidence in the economy is calculated on the basis of the European Commission poll of 25 thousand customers and 50 thousand companies.
Monday, March 30, 2009
The U.S. government raised the tax on tobacco.
The U.S. government raised the tax on tobacco, hoping to increase tax revenue and reduce the number of smokers. This writes the newspaper The Wall Street Journal. In particular, the tax on cigarettes was raised from 39 cents per pack to 1.01 dollars. A tax on chewing tobacco increased from 19.5 cents per pound (0453 kilograms) to 50 cents.
In total, over the next 4.5 years, the U.S. government expects to replenish the budget by raising taxes on tobacco 33 billion dollars. At the same time representatives of the health sector believe that the global crisis, higher taxes will force smokers to give up bad habits. According to the President of the American Association of Cardiologists Timothy Gardner (Timothy Gardner), every time, as increasing tax on tobacco, the number of smokers decreases.
Now the U.S. Congress is preparing a bill that would allow the Office of the U.S. Food and Drug control the American tobacco market. This will mean not only the tightening of conditions for the sale of tobacco products, but also to monitor their production. As expected, after taking him to sign the bill, U.S. President Barack Obama, who himself was a heavy smoker.
In mid-2008 by Microsoft founder Bill Gates and New York Mayor Michael Bloomberg announced the decision to allocate 375 million dollars to fight against "global tobacco epidemic." According to the billionaires in the next hundred years, the world could die from smoking up to a billion people. According to the World Health Organization, every year worldwide from diseases caused by smoking, which first took heart disease, died more than a million people.
In total, over the next 4.5 years, the U.S. government expects to replenish the budget by raising taxes on tobacco 33 billion dollars. At the same time representatives of the health sector believe that the global crisis, higher taxes will force smokers to give up bad habits. According to the President of the American Association of Cardiologists Timothy Gardner (Timothy Gardner), every time, as increasing tax on tobacco, the number of smokers decreases.
Now the U.S. Congress is preparing a bill that would allow the Office of the U.S. Food and Drug control the American tobacco market. This will mean not only the tightening of conditions for the sale of tobacco products, but also to monitor their production. As expected, after taking him to sign the bill, U.S. President Barack Obama, who himself was a heavy smoker.
In mid-2008 by Microsoft founder Bill Gates and New York Mayor Michael Bloomberg announced the decision to allocate 375 million dollars to fight against "global tobacco epidemic." According to the billionaires in the next hundred years, the world could die from smoking up to a billion people. According to the World Health Organization, every year worldwide from diseases caused by smoking, which first took heart disease, died more than a million people.
In Spain, the first recorded deflation in the history of the country.
Consumer prices in Spain, on the basis of March decreased to 0.1 per cent over 12 months, said the preliminary report of local statistics agency INE. Thus, the country was first recorded deflation in the history of calculating this indicator, which began in 1961, said AFP.
In February, inflation in Spain in the year on year was 0.7 percent. The final statistics for March will be published on 15 April, but as a rule, these preliminary reports are not too different from the final figures.
In monthly terms, deflation was recorded in Spain during the three winter months. It is related to the economic recession in the country, because of which the demand for commodities declined. Consequently, manufacturers have been forced to lower prices. It is believed that deflation is a major feature of reducing the economy.
In 2008, Spain entered into the first recession in 15 years. It was caused by the global economic crisis, which has affected all European countries. In the fourth quarter of the GDP of Spain fell by one percent, while the third - to 0.2 percent.
In the middle of last year, inflation in Spain reached 5.3 percent year on year, which was the maximum in 1997. Price increases due to sharp increases in fuel costs on the world market - if at the beginning of the year barrel of oil cost about a hundred dollars by July - more than 140 dollars. Because of the economic crisis in world oil prices in 2009 dropped to 40-50 dollars per barrel.
In February, inflation in Spain in the year on year was 0.7 percent. The final statistics for March will be published on 15 April, but as a rule, these preliminary reports are not too different from the final figures.
In monthly terms, deflation was recorded in Spain during the three winter months. It is related to the economic recession in the country, because of which the demand for commodities declined. Consequently, manufacturers have been forced to lower prices. It is believed that deflation is a major feature of reducing the economy.
In 2008, Spain entered into the first recession in 15 years. It was caused by the global economic crisis, which has affected all European countries. In the fourth quarter of the GDP of Spain fell by one percent, while the third - to 0.2 percent.
In the middle of last year, inflation in Spain reached 5.3 percent year on year, which was the maximum in 1997. Price increases due to sharp increases in fuel costs on the world market - if at the beginning of the year barrel of oil cost about a hundred dollars by July - more than 140 dollars. Because of the economic crisis in world oil prices in 2009 dropped to 40-50 dollars per barrel.
The British press has learned about the plans of the leaders of G20.
SyuzhetyAprelskoe meeting G2028.03.2009V London, began a protest against the "Big twenty" the British newspaper The Financial Times published a draft communiqué on the meeting of the leaders of the Group of G20, which will be held in London on April 2. According to the draft, chapter 20 of the most economically important countries in the world promise to reform the international financial institutions, to strengthen the system of financial regulation, to ensure the growth of the global economy by the end of 2010, as well as continuing to complete already 8 years old Doha round of negotiations on the liberalization of world trade under the World Trade Organization ( WTO).
In particular, the Communiqué states that the quota for countries - participants of the IMF, and was last amended in 2008, before the end of the year may be revised again. Recall quotas for the right to vote in the IMF have been changed in favor of some developing countries, particularly China. In addition, through the world's financial institutions to developing countries will be provided significant amounts of liquidity to stabilize the financial system.
In the draft document not referred to as the exact amount of funds to be allocated to local and international programs to rescue the economy. Expected, however, that economic stimulus measures to increase global economic growth by 2 percentage points, and create 20 million jobs worldwide.
According to the draft declaration, the leaders of "twenty" shall be to meet at the end of the year in order to assess the effect of their proposed actions. Recall that the first G20 summit held in November 2008 in the United States.
In particular, the Communiqué states that the quota for countries - participants of the IMF, and was last amended in 2008, before the end of the year may be revised again. Recall quotas for the right to vote in the IMF have been changed in favor of some developing countries, particularly China. In addition, through the world's financial institutions to developing countries will be provided significant amounts of liquidity to stabilize the financial system.
In the draft document not referred to as the exact amount of funds to be allocated to local and international programs to rescue the economy. Expected, however, that economic stimulus measures to increase global economic growth by 2 percentage points, and create 20 million jobs worldwide.
According to the draft declaration, the leaders of "twenty" shall be to meet at the end of the year in order to assess the effect of their proposed actions. Recall that the first G20 summit held in November 2008 in the United States.
Rich countries in 2009 will face four falling GDP.
Economy of the countries of the Organization for Economic Cooperation and Development (OECD), the decrease in 2009 to 4.3 per cent. With such a forecast was made by the head of the organization, which is often referred to as a "club of rich countries", Angel GurrÃa (Angel Gurria), transmits AFP.
In November 2008, the OECD suggested that the decline in GDP in the countries belonging to the organization, amount to just 0.4 per cent. And even earlier - in mid-2008 - Financiers OECD predicted GDP growth of two percent.
In early 2009, all the world's leading financial institutions have recognized that the world is waiting for the first global recession in 60 years. It will cause a financial crisis first affected the development of countries, and then perekinuvshiysya on developing.
According to the OECD, unemployment in the countries - members of an organization of about 10 per cent. Below this point the unemployment rate will only be in Japan. Some countries of the Group of Eight, according to the OECD, will never be able to reach a record low number of unemployed, which was before the crisis.
OECD brings together 30 developed countries including UK, USA, Japan, Germany, Italy. Russia is not included in the OECD, although invited to join the organization as early as 2007.
March 30, it was reported that the World Bank forecast of Russia's GDP will decline in 2009 to 4.5 per cent. Thus, if we compare the forecasts of the World Bank and the OECD, it will turn out that in Russia the GDP dropped to a large value than the average for OECD countries.
In November 2008, the OECD suggested that the decline in GDP in the countries belonging to the organization, amount to just 0.4 per cent. And even earlier - in mid-2008 - Financiers OECD predicted GDP growth of two percent.
In early 2009, all the world's leading financial institutions have recognized that the world is waiting for the first global recession in 60 years. It will cause a financial crisis first affected the development of countries, and then perekinuvshiysya on developing.
According to the OECD, unemployment in the countries - members of an organization of about 10 per cent. Below this point the unemployment rate will only be in Japan. Some countries of the Group of Eight, according to the OECD, will never be able to reach a record low number of unemployed, which was before the crisis.
OECD brings together 30 developed countries including UK, USA, Japan, Germany, Italy. Russia is not included in the OECD, although invited to join the organization as early as 2007.
March 30, it was reported that the World Bank forecast of Russia's GDP will decline in 2009 to 4.5 per cent. Thus, if we compare the forecasts of the World Bank and the OECD, it will turn out that in Russia the GDP dropped to a large value than the average for OECD countries.
The World Bank has promised Russia a sharp decline in GDP.
KommentariiEkonomika dual dnom23.03.2009Pravitelstvo hurried to "withdraw" from Russia krizisaSokraschenie Russia's GDP in 2009 will be 4.5 percent, Interfax reports with reference to the World Bank. However, in 2010, economic growth will be zero. For comparison, a reduction in the euro area economy, according to forecast the European Central Bank, this year ranging from 2.2 to 3.2 per cent. The recession the world economy will be 1.7 percent.
One of the main causes of decline of Russia's GDP, the World Bank refers to a sharp decline in domestic demand, as well as the general deterioration in the economy. In addition, the slowdown in GDP will also be associated with a decline in oil prices. Average Urals oil price in 2009 is estimated by the World Bank, will be 45 dollars per barrel, while in 2010-m - 45-48 dollars a barrel.
The deficit of the federal budget of Russia in 2010 could reach six per cent of GDP. According to the World Bank's Chief Economist for Russia Zeljko Bogeticha planned by the government of the country's budget deficit of 7.4 percent of GDP was "fairly realistic assessment." Recall that the power deficit will be met from the contingency fund.
According to the Bank, the budget deficit within the limits of 6-7,4 per cent could be funded from the contingency fund, which, according to the March 1, 2009, amounted to 4.9 trillion rubles. "Without Russia reserves would have to borrow, while the domestic market is very stringent, and in the external market is difficult to borrow, - Bogetich said, adding that the country has no restrictions on external borrowing because its debt is not great.
The inflation rate for the year will reach 11-13 percent. This will help in increasing prices for imported goods. On the other hand, the World Bank believe that the slowdown in economic growth, tight monetary policy of the monetary authorities of Russia and the outflow of foreign capital will contribute to slowing growth in consumer prices.
Net outflows of foreign capital from Russia in the current year amount to 170 billion dollars. In 2010, he slowed to 90-100 billion dollars. For comparison, last year the figure stood at 130 billion dollars. According to Bogeticha, capital outflows will be linked to the fact that Russian banks in 2009 should be returned to foreign creditors of 90 billion dollars. This inflow of foreign direct investment is virtually zero.
Unemployment in Russia in 2009 will continue to grow and by the end of the year was 12 per cent against 6.3 per cent last year. In January this year the figure was 8.1 percent in February - 8.5 percent. The World Bank estimates that the number of officially registered unemployed in 2009 will grow to 2.7 million.
The level of poverty, The World Bank in 2009 to rise to 15.5 percent from 12.7 percent a year earlier. For comparison, in 2008 the number of poor in Russia grew by 1.1 million people. In 2009, they will be more on the 4.7 million people. During the 1998 crisis, the number of poor countries was almost 30 per cent.
The amount of anti-crisis measures the Government of Russia has already exceeded two per cent of GDP. In most of the measures aimed at stimulating the financial and real sectors of the economy. Now the authorities need to focus on supporting the social sphere. According to World Bank economists, the Government needs to develop a package of social protection, support infrastructure, small and medium-sized businesses. The realization of these measures may require an additional 1.5 percent of GDP.
According to the World Bank support for social workers should include increasing child benefits of 220 percent, unemployment at 70 percent, and pension payments to 30 per cent of pensioners by 20 per cent. The program should begin to be implemented from 1 April 2009, and by 1 April 2010 it will cease to operate because the economic recovery begins. The Government of Russia, according to Bogeticha can afford to implement these measures.
One of the main causes of decline of Russia's GDP, the World Bank refers to a sharp decline in domestic demand, as well as the general deterioration in the economy. In addition, the slowdown in GDP will also be associated with a decline in oil prices. Average Urals oil price in 2009 is estimated by the World Bank, will be 45 dollars per barrel, while in 2010-m - 45-48 dollars a barrel.
The deficit of the federal budget of Russia in 2010 could reach six per cent of GDP. According to the World Bank's Chief Economist for Russia Zeljko Bogeticha planned by the government of the country's budget deficit of 7.4 percent of GDP was "fairly realistic assessment." Recall that the power deficit will be met from the contingency fund.
According to the Bank, the budget deficit within the limits of 6-7,4 per cent could be funded from the contingency fund, which, according to the March 1, 2009, amounted to 4.9 trillion rubles. "Without Russia reserves would have to borrow, while the domestic market is very stringent, and in the external market is difficult to borrow, - Bogetich said, adding that the country has no restrictions on external borrowing because its debt is not great.
The inflation rate for the year will reach 11-13 percent. This will help in increasing prices for imported goods. On the other hand, the World Bank believe that the slowdown in economic growth, tight monetary policy of the monetary authorities of Russia and the outflow of foreign capital will contribute to slowing growth in consumer prices.
Net outflows of foreign capital from Russia in the current year amount to 170 billion dollars. In 2010, he slowed to 90-100 billion dollars. For comparison, last year the figure stood at 130 billion dollars. According to Bogeticha, capital outflows will be linked to the fact that Russian banks in 2009 should be returned to foreign creditors of 90 billion dollars. This inflow of foreign direct investment is virtually zero.
Unemployment in Russia in 2009 will continue to grow and by the end of the year was 12 per cent against 6.3 per cent last year. In January this year the figure was 8.1 percent in February - 8.5 percent. The World Bank estimates that the number of officially registered unemployed in 2009 will grow to 2.7 million.
The level of poverty, The World Bank in 2009 to rise to 15.5 percent from 12.7 percent a year earlier. For comparison, in 2008 the number of poor in Russia grew by 1.1 million people. In 2009, they will be more on the 4.7 million people. During the 1998 crisis, the number of poor countries was almost 30 per cent.
The amount of anti-crisis measures the Government of Russia has already exceeded two per cent of GDP. In most of the measures aimed at stimulating the financial and real sectors of the economy. Now the authorities need to focus on supporting the social sphere. According to World Bank economists, the Government needs to develop a package of social protection, support infrastructure, small and medium-sized businesses. The realization of these measures may require an additional 1.5 percent of GDP.
According to the World Bank support for social workers should include increasing child benefits of 220 percent, unemployment at 70 percent, and pension payments to 30 per cent of pensioners by 20 per cent. The program should begin to be implemented from 1 April 2009, and by 1 April 2010 it will cease to operate because the economic recovery begins. The Government of Russia, according to Bogeticha can afford to implement these measures.
Antimonopolschiki required to save Moscow from Rusenergosbyta. "
Activities of the energy company Rusenergosbyt" Moscow on the market violates the law on protection of competition. That decision came on 27 March in the management of Federal antimonopoly service (UFAS), Moscow, writes the newspaper Kommersant.
How to think in UFAS and get off at Eastern Market (VAO) and South-East (YUVAO) Capital Region LLC "Rusenergosbyt" and "Rusenergosbyt M occurred at the direction of Moscow's officials, and not according to market relations. Now the sole supplier of electricity Muscovites must remain "Mosenergosbyt. In addition, the company Rusenergosbyt M "should be to transfer those payments to the State, which had been received from residents of the city between January and March this year.
Recall earlier in the year it became known that the inhabitants of VAO YUVAO and will receive two bills for electricity - from Mosenergosbyta and Rusenergosbyta "- and decide what to choose electricity supplier. In this context, that "Mosenergosbyt" will send a separate account, and the cost of services "Rusenergosbyta" will be included in a single document fees utilities.
As the newspaper writes, the amount that the population of two districts have already paid Rusenergosbytu "is not known, but in January and February through Rusenergosbyt M" for electricity are calculated, about 60 percent of consumers, and in March - 98 per cent. A total of VAO and YUVAO live more than 2.5 million people.
"Rusenergosbyt" belongs to the group of UST and the Italian energy company Enel. By its own figures, in 2008 the volume of electricity supply "Rusenergosbytom" users has exceeded one hundred billion kilowatt-hours. Previously, the company has tried to compete with "Mosenergosbytu", trying to conclude a contract with its regular customer - the Moscow metro.
How to think in UFAS and get off at Eastern Market (VAO) and South-East (YUVAO) Capital Region LLC "Rusenergosbyt" and "Rusenergosbyt M occurred at the direction of Moscow's officials, and not according to market relations. Now the sole supplier of electricity Muscovites must remain "Mosenergosbyt. In addition, the company Rusenergosbyt M "should be to transfer those payments to the State, which had been received from residents of the city between January and March this year.
Recall earlier in the year it became known that the inhabitants of VAO YUVAO and will receive two bills for electricity - from Mosenergosbyta and Rusenergosbyta "- and decide what to choose electricity supplier. In this context, that "Mosenergosbyt" will send a separate account, and the cost of services "Rusenergosbyta" will be included in a single document fees utilities.
As the newspaper writes, the amount that the population of two districts have already paid Rusenergosbytu "is not known, but in January and February through Rusenergosbyt M" for electricity are calculated, about 60 percent of consumers, and in March - 98 per cent. A total of VAO and YUVAO live more than 2.5 million people.
"Rusenergosbyt" belongs to the group of UST and the Italian energy company Enel. By its own figures, in 2008 the volume of electricity supply "Rusenergosbytom" users has exceeded one hundred billion kilowatt-hours. Previously, the company has tried to compete with "Mosenergosbytu", trying to conclude a contract with its regular customer - the Moscow metro.
"Gazprom has decided in 2010 to buy the entire free gas LPG.
Gazprom intends to enter into long-term contract for the supply of gas from Azerbaijan in January 2010, writes the newspaper" Vedomosti ". Now Azerbaijan is the latest exporter of gas from the former Soviet Union, with which Russia has no contract.
Azerbaijan's offer was made in June 2008 and March 27, Gazprom signed a memorandum of understanding with the State Oil Company of Azerbaijan (SOCAR). Among the points of the memorandum - the negotiations on the conditions of the contract for the purchase of the Azerbaijani fuel.
It was assumed that Azeri gas will allow to load the pipeline Nabucco, construction of which has not yet started. Involves the construction of Nabucco gas pipeline from the Caspian region via Turkey to Europe, bypassing Russia. The "Gazprom" is an alternative project - "South Stream", which is considered a competitor to Nabucco.
The main difficulty of the project Nabucco is that the state that would allow downloading the pipeline, has not yet been found. Exporters from Central Asia are working with Russia and China, trade relations with Iran are limited by international sanctions, and capacity of Azerbaijan to the full load is not enough.
Now "Gazprom" in Europe does not supply the fuel only in Spain and Portugal. The total gas consumption from 22 European countries and Turkey amounts to 520 billion cubic meters, of which the Russian company in 2008, has 158.8 billion cubic meters. Now Italy is dependent on the supply of Gazprom by 30 percent, Turkey - by 66 percent, and Germany - a 43 per cent.
Proven gas reserves in Azerbaijan are about 1.5 trillion cubic meters of gas. However, in 2007, the country is extracted only 10.3 billion cubic meters.
Azerbaijan's offer was made in June 2008 and March 27, Gazprom signed a memorandum of understanding with the State Oil Company of Azerbaijan (SOCAR). Among the points of the memorandum - the negotiations on the conditions of the contract for the purchase of the Azerbaijani fuel.
It was assumed that Azeri gas will allow to load the pipeline Nabucco, construction of which has not yet started. Involves the construction of Nabucco gas pipeline from the Caspian region via Turkey to Europe, bypassing Russia. The "Gazprom" is an alternative project - "South Stream", which is considered a competitor to Nabucco.
The main difficulty of the project Nabucco is that the state that would allow downloading the pipeline, has not yet been found. Exporters from Central Asia are working with Russia and China, trade relations with Iran are limited by international sanctions, and capacity of Azerbaijan to the full load is not enough.
Now "Gazprom" in Europe does not supply the fuel only in Spain and Portugal. The total gas consumption from 22 European countries and Turkey amounts to 520 billion cubic meters, of which the Russian company in 2008, has 158.8 billion cubic meters. Now Italy is dependent on the supply of Gazprom by 30 percent, Turkey - by 66 percent, and Germany - a 43 per cent.
Proven gas reserves in Azerbaijan are about 1.5 trillion cubic meters of gas. However, in 2007, the country is extracted only 10.3 billion cubic meters.
Sunday, March 29, 2009
Gazprom has denied allegations of interfering in the conflict RosUkrEnergo with Naftogaz. "
SyuzhetyKonflikt around the modernization of the GTS Ukrainy29.03.2009 Gazprom began to press on UkrainuKommentariiRossiya cause retaliatory udar27.03.2009Moskva launched a campaign for the revision of the Brussels Declaration of the gas, Gazprom denied reports that the company supported the position of the Swiss intermediary RosUkrEnergo at a hearing on his claims to the NAK Naftogaz of Ukraine. "This is not true," - said the agency "Interfax" in the management information of Russian gas monopoly.
Romania and the IMF have agreed on terms of credit to 20 billion euros.
SyuzhetyAntikrizisnye loans MVF18.03.2009Rumyniya asked for 20 billion euros from the IMF and ESPravitelstvo of Romania and the International Monetary Fund (IMF) have agreed on the conditions under which the country receives the credit crisis in the amount of 20 billion euros. That was reported by Reuters. According to the principal demand of the treaty, Romania will need to keep fiscal deficit at 4.6 percent of GDP.
Major credit needed Romanian authorities for the implementation of government programs to support the economy, as well as to cover the deficit of the balance of payments and fiscal deficits.
Romania has been negotiating on the credit crisis on 10 March 2009. In addition to the government and the IMF are taking the European Commission, World Bank, European Bank for Reconstruction and Development and European Investment Bank. At the beginning of the negotiations dealt with the $ 24 billion (18.4 billion euros): $ 15 billion the country asked the IMF and the 9 billion - the European Union.
Economy of Romania until the beginning of the global crisis was one of the fastest growing in the European Union. But with the beginning of the crisis it has started to decline, as foreign investors began to withdraw capital from the country. According to the IMF, in 2009, the Romanian GDP will decrease by four per cent.
According to the official forecast of the Romanian Government, the economy in 2009 will grow by 2.5 per cent and fiscal deficit of 2 percent of GDP. This forecast may be revised in the event of further deterioration in the global economy.
Major credit needed Romanian authorities for the implementation of government programs to support the economy, as well as to cover the deficit of the balance of payments and fiscal deficits.
Romania has been negotiating on the credit crisis on 10 March 2009. In addition to the government and the IMF are taking the European Commission, World Bank, European Bank for Reconstruction and Development and European Investment Bank. At the beginning of the negotiations dealt with the $ 24 billion (18.4 billion euros): $ 15 billion the country asked the IMF and the 9 billion - the European Union.
Economy of Romania until the beginning of the global crisis was one of the fastest growing in the European Union. But with the beginning of the crisis it has started to decline, as foreign investors began to withdraw capital from the country. According to the IMF, in 2009, the Romanian GDP will decrease by four per cent.
According to the official forecast of the Romanian Government, the economy in 2009 will grow by 2.5 per cent and fiscal deficit of 2 percent of GDP. This forecast may be revised in the event of further deterioration in the global economy.
The government decided not to raise tariffs for heat and electricity.
The Government of Russia has decided to leave without changing the rates of heat and electricity in 2009. The statement was made deputy head of the regulation and control over pricing in the electricity industry, Federal Service on Tariffs Denis Milutin, reports RIA Novosti. Earlier, the authorities decided to revise electricity tariffs during the year rather than once a year, as it was before.
Recall from the beginning of 2009 in Russia there are new tariffs for gas and electricity. The cost of gas for the population grew by 5 percent, and electricity went up by 25 per cent. It is assumed that with the 1 April 2009 the price of gas will rise by another seven per cent from 1 July - a seven per cent and from 1 October - at 6.2 percent.
At the end of February this year, chairman of the partnership guaranteeing suppliers and power companies "Vasily Kiselev said that retail power companies owe consumers a hundred billion rubles. In doing so, the debt of the power companies in the wholesale electricity market has grown compared with the beginning of 2009 to 5 billion rubles to 22 billion.
Previously, the Ministry of Energy of Russia reported that in the near future the Government of Russia may be two or three times to reduce the plans for the construction and commissioning of new power plants. According to the general scheme of energy facilities in the country until 2020, annual growth in energy consumption projected at 4.2 percent. Last year it amounted to only 1,9 per cent.
Recall from the beginning of 2009 in Russia there are new tariffs for gas and electricity. The cost of gas for the population grew by 5 percent, and electricity went up by 25 per cent. It is assumed that with the 1 April 2009 the price of gas will rise by another seven per cent from 1 July - a seven per cent and from 1 October - at 6.2 percent.
At the end of February this year, chairman of the partnership guaranteeing suppliers and power companies "Vasily Kiselev said that retail power companies owe consumers a hundred billion rubles. In doing so, the debt of the power companies in the wholesale electricity market has grown compared with the beginning of 2009 to 5 billion rubles to 22 billion.
Previously, the Ministry of Energy of Russia reported that in the near future the Government of Russia may be two or three times to reduce the plans for the construction and commissioning of new power plants. According to the general scheme of energy facilities in the country until 2020, annual growth in energy consumption projected at 4.2 percent. Last year it amounted to only 1,9 per cent.
Citizens of Uzbekistan ambush for crisis treatise president.
Uzbek authorities have decided to make the people with the thesis of the book of President Islam Karimov, on countering the economic crisis. Reported Uzmetronom. The Government has specifically developed a set of measures for the study of these materials.
According to the publication, in educational institutions (schools and universities) as well as enterprises and institutions will be sessions on the President's book. Upon completion of the course, students will be required to demonstrate their knowledge, passing off.
In addition, as noted Uzmetronom, to promote the president's book instructed embassies of Uzbekistan abroad. Publication of the opinion that the representatives of foreign countries will be organized educational lectures.
Islam Karimov's book "The world financial and economic crisis, the ways and measures to overcome in the conditions of Uzbekistan" was issued in early March. The author talks about the impact of the global economy in Uzbekistan, and offers a number of anti-crisis measures. Among them are called "support the banking system, the technical upgrade, the widespread adoption of innovative technologies."
Uzbekistan has not yet been significantly influenced by global economic crisis. According to official figures, for 2008, GDP grew by 9 percent, while the budget was executed with a surplus. At the same time as the agency REGNUM reported in mid-February, the President of Uzbekistan said that the crisis has affected industry, export-oriented. Exporters, he said, faced with falling demand and lower prices on the world market. Observers note that the economic situation of the Republic can significantly deteriorate due to the return of guest workers who worked in Russia and Kazakhstan, and now to lose their jobs because of the crisis. Uzbekistan is facing a decline in remittances from migrant workers, and rising unemployment.
Note that in neighboring Turkmenistan, the population is actively promoted by President Gurbanguly Berdymuhamedov compositions, in particular, a compilation of speeches, "To new heights of progress." The ad hoc committee to bring his books to the institutions and organizations, replacing the previously bound to study "Rukhnama" ( "holy book" of former President Saparmurat Niyazov).
According to the publication, in educational institutions (schools and universities) as well as enterprises and institutions will be sessions on the President's book. Upon completion of the course, students will be required to demonstrate their knowledge, passing off.
In addition, as noted Uzmetronom, to promote the president's book instructed embassies of Uzbekistan abroad. Publication of the opinion that the representatives of foreign countries will be organized educational lectures.
Islam Karimov's book "The world financial and economic crisis, the ways and measures to overcome in the conditions of Uzbekistan" was issued in early March. The author talks about the impact of the global economy in Uzbekistan, and offers a number of anti-crisis measures. Among them are called "support the banking system, the technical upgrade, the widespread adoption of innovative technologies."
Uzbekistan has not yet been significantly influenced by global economic crisis. According to official figures, for 2008, GDP grew by 9 percent, while the budget was executed with a surplus. At the same time as the agency REGNUM reported in mid-February, the President of Uzbekistan said that the crisis has affected industry, export-oriented. Exporters, he said, faced with falling demand and lower prices on the world market. Observers note that the economic situation of the Republic can significantly deteriorate due to the return of guest workers who worked in Russia and Kazakhstan, and now to lose their jobs because of the crisis. Uzbekistan is facing a decline in remittances from migrant workers, and rising unemployment.
Note that in neighboring Turkmenistan, the population is actively promoted by President Gurbanguly Berdymuhamedov compositions, in particular, a compilation of speeches, "To new heights of progress." The ad hoc committee to bring his books to the institutions and organizations, replacing the previously bound to study "Rukhnama" ( "holy book" of former President Saparmurat Niyazov).
Nine lawsuits RosUkrEnergo to Naftogaz "combined into one case.
KommentariiRossiya return a udar27.03.2009Moskva start a campaign for the revision of the Brussels gas deklaratsiiSyuzhetySkandal around" Naftogaz "26.03.2009Pravitelstvo complete the clearance gas RUEStokgolmsky arbitral tribunal in a combined production of the nine claims Swiss gas intermediary RosUkrEnergo for Ukrainian goskompanii "Naftogaz Ukrainy", writes the newspaper "Zerkalo week.
Moreover, according to the publication of these lawsuits is not a statement about the return of RosUkrEnergo 11,5 billion cubic meters of gas, of the rights to which said Naftogaz. "
Sources of the newspaper, familiar with the proceedings, reported that consideration of the merits will begin in summer, but the final decision is expected to be adopted in 2010.
According to preliminary information, a witness in the trial can make a co-owner of RosUkrEnergo Dmitry Firtash.
Previously, it was reported that the requirement RosUkrEnergo the return of 11,5 billion cubic meters of gas, has been consolidated in one court proceedings with other claims of the company to Naftogaz. "
Recall that, among other things, RosUkrEnergo required to recover from "Naftogaz" 600 million dollars damages for 2008 and return from stored gas to about three billion dollars - the same 11.5 billion cubic meters.
"Naftogaz" has challenged the existence of debt cancellation and rejection of claims RosUkrEnergo for gas, considering that the fuel was transferred to his property under the contract of assignment, under which debts RosUkrEnergo "Gazprom Russian monopoly has given way to" Naftogaz "for 1.7 billion dollars.
Moreover, according to the publication of these lawsuits is not a statement about the return of RosUkrEnergo 11,5 billion cubic meters of gas, of the rights to which said Naftogaz. "
Sources of the newspaper, familiar with the proceedings, reported that consideration of the merits will begin in summer, but the final decision is expected to be adopted in 2010.
According to preliminary information, a witness in the trial can make a co-owner of RosUkrEnergo Dmitry Firtash.
Previously, it was reported that the requirement RosUkrEnergo the return of 11,5 billion cubic meters of gas, has been consolidated in one court proceedings with other claims of the company to Naftogaz. "
Recall that, among other things, RosUkrEnergo required to recover from "Naftogaz" 600 million dollars damages for 2008 and return from stored gas to about three billion dollars - the same 11.5 billion cubic meters.
"Naftogaz" has challenged the existence of debt cancellation and rejection of claims RosUkrEnergo for gas, considering that the fuel was transferred to his property under the contract of assignment, under which debts RosUkrEnergo "Gazprom Russian monopoly has given way to" Naftogaz "for 1.7 billion dollars.
The Government of Russia will support the purchase of Yakutia diamonds.
The Government of Russia in 2009 will increase to four times the cost of updating the State Fund of precious metals and stones (Gosfond). To this end, budgeted at 45.4 billion rubles. Most of these funds will go to the purchase of diamonds from the company Alrosa, which is a system-by for Yakutia. This writes the newspaper Kommersant.
Sources of publication in the Government reported that the volume of purchases of diamonds from Alrosa needed, because their sales have fallen almost to zero. This means for the purchase of diamonds for Gosfonda will be received from the sale of goszapasov gold and other precious metals on foreign markets. According to the amended 2009 budget approved by the Government on 19 March, the proceeds from the sale of precious metals goszapasov projected at 47.42 billion rubles.
Formation Gosfonda Gohran is in force under the Ministry of Finance State institution, the activities which the regime gostayny. Earlier reported that ALROSA temporarily withdrew from the international diamond market and became the raw material to sell all Gohran. This was done in order to maintain the value of diamonds in the global financial crisis. Since early 2009, has never conducted tenders for selling of rough diamonds.
Similarly, received an international diamond company De Beers, significantly reducing sales.
Demand for diamonds in the world market is steadily declining due to a sharp decline in sales of products with diamonds in the U.S. and Europe. In mid-November 2008 the World Federation of Diamond Bourses appealed to diamond companies all over the world with a request to reduce the supply of its products. In December 2008 it was reported that Alrosa planned to reduce the supply of diamonds in 2009 to 30 per cent.
Alrosa is one of the world's largest diamond companies. It controls 25 percent of the world market of rough diamonds. Companies ALROSA produce 97 percent of all Russian diamonds, while the company evaluates its own stocks of raw materials, the 110 billion dollars. In 2008, Alrosa diamond mining in dollar terms amounted to 2.33 billion.
Sources of publication in the Government reported that the volume of purchases of diamonds from Alrosa needed, because their sales have fallen almost to zero. This means for the purchase of diamonds for Gosfonda will be received from the sale of goszapasov gold and other precious metals on foreign markets. According to the amended 2009 budget approved by the Government on 19 March, the proceeds from the sale of precious metals goszapasov projected at 47.42 billion rubles.
Formation Gosfonda Gohran is in force under the Ministry of Finance State institution, the activities which the regime gostayny. Earlier reported that ALROSA temporarily withdrew from the international diamond market and became the raw material to sell all Gohran. This was done in order to maintain the value of diamonds in the global financial crisis. Since early 2009, has never conducted tenders for selling of rough diamonds.
Similarly, received an international diamond company De Beers, significantly reducing sales.
Demand for diamonds in the world market is steadily declining due to a sharp decline in sales of products with diamonds in the U.S. and Europe. In mid-November 2008 the World Federation of Diamond Bourses appealed to diamond companies all over the world with a request to reduce the supply of its products. In December 2008 it was reported that Alrosa planned to reduce the supply of diamonds in 2009 to 30 per cent.
Alrosa is one of the world's largest diamond companies. It controls 25 percent of the world market of rough diamonds. Companies ALROSA produce 97 percent of all Russian diamonds, while the company evaluates its own stocks of raw materials, the 110 billion dollars. In 2008, Alrosa diamond mining in dollar terms amounted to 2.33 billion.
Saturday, March 28, 2009
In Moscow the failed signing of the document on the pipeline in Turkmenistan.
In Moscow at the talks the President of Russia Dmitry Medvedev and President of Turkmenistan Gurbanguly Berdymuhamedov failed signing of the document on the pipeline "East - West" in Turkmenistan, which will build the "Gazprom". This writes the newspaper "Vedomosti".
Planned to sign an agreement on the outcome of negotiations the presidents, but signed the documents did not prove it. The newspaper Kommersant wrote that the whole of Moscow and Ashgabat have signed 11 agreements and protocols, and 1 memorandum.
It is anticipated that the pipeline "East - West", which will connect the north-eastern gas fields of Turkmenistan to the Caspian Sea, will supply gas to Russia leading the Caspian pipeline. Construction should begin on the last in 2009. The cost of the project "East - West", according to experts, will be at least a billion dollars. Earlier, Gazprom said that it would build "East - West" at their own expense.
Sources Vedomosti reported that Gazprom is not on the gas pipeline "East - West" excess funds, and Ashgabat is planning to build pipelines bypassing Russia. This Trans-Turkey pipeline and Nabucco - in Europe.
Assistant to the President Sergey Prikhodko stated that the document is only scheduled to finalize and sign later. Top managers of Gazprom and other officials refused to comment on the situation.
Kommersant said that the agreement on gas pipeline "East - West" may be signed within the framework of the St Petersburg Economic Forum in June 2009 or in the traditionally held in the July race for the prize of the President of Russia.
Planned to sign an agreement on the outcome of negotiations the presidents, but signed the documents did not prove it. The newspaper Kommersant wrote that the whole of Moscow and Ashgabat have signed 11 agreements and protocols, and 1 memorandum.
It is anticipated that the pipeline "East - West", which will connect the north-eastern gas fields of Turkmenistan to the Caspian Sea, will supply gas to Russia leading the Caspian pipeline. Construction should begin on the last in 2009. The cost of the project "East - West", according to experts, will be at least a billion dollars. Earlier, Gazprom said that it would build "East - West" at their own expense.
Sources Vedomosti reported that Gazprom is not on the gas pipeline "East - West" excess funds, and Ashgabat is planning to build pipelines bypassing Russia. This Trans-Turkey pipeline and Nabucco - in Europe.
Assistant to the President Sergey Prikhodko stated that the document is only scheduled to finalize and sign later. Top managers of Gazprom and other officials refused to comment on the situation.
Kommersant said that the agreement on gas pipeline "East - West" may be signed within the framework of the St Petersburg Economic Forum in June 2009 or in the traditionally held in the July race for the prize of the President of Russia.
"Naftogaz" deemed independent "Ukrtransgaz" inappropriate.
KommentariiRossiya return a udar27.03.2009Moskva start a campaign for the revision of the Brussels gas deklaratsiiPodruga podkinula problem26.03.2009V Russia recognized as threatening to "gas" declaration, signed by Julia TimoshenkoPervy vice-chairman of NJSC Naftogaz Ukraine Ihor Didenko stated that granting the status of an independent operator of the pipe "Ukrtransgaz" - "inappropriate," writes the newspaper "Zerkalo week.
Didenko publication said in an interview: "In the existing economic conditions in Ukraine managing operator of the transit and storage of gas within the NAK Naftogaz of Ukraine is the most effective and best option."
Their point of view, he explained: "The billions of dollars of loans were issued Naftogaz at the conditions of preserving the integrity of the company. And if the" Ukrtransgaz "will become an independent operator, CTA, lenders" Naftogaz "will have serious cause for concern and even, perhaps, the incentive to demand immediate repayment of all debts.
Deputy Chairman of the Board noted that at the current stage of "Naftogaz" will not be able to pay all the debts at once, which could result in international sanctions such as arrest of Ukrainian property abroad.
However, ensuring the independence of the Ukrainian gas transportation system operator, its legal and organizational forms "- is a key position on the modernization of Ukraine's declaration TCU, which was signed in Brussels on 23 March.
The Europeans are ready to provide loans only if its implementation. This is because becoming an independent company, "Ukrtransgaz" will bring considerable profit and would be able to repay loans. And staying in the composition of "Naftogaz" bears a significant social burden, "Ukrtransgaz" risk facing a shortage of funds that would jeopardize the full and timely repayment of loans.
Recall that the signing of the declaration has caused a negative reaction from Russia. Moscow believed that the document prejudice its interests as a supplier of fuel.
Didenko publication said in an interview: "In the existing economic conditions in Ukraine managing operator of the transit and storage of gas within the NAK Naftogaz of Ukraine is the most effective and best option."
Their point of view, he explained: "The billions of dollars of loans were issued Naftogaz at the conditions of preserving the integrity of the company. And if the" Ukrtransgaz "will become an independent operator, CTA, lenders" Naftogaz "will have serious cause for concern and even, perhaps, the incentive to demand immediate repayment of all debts.
Deputy Chairman of the Board noted that at the current stage of "Naftogaz" will not be able to pay all the debts at once, which could result in international sanctions such as arrest of Ukrainian property abroad.
However, ensuring the independence of the Ukrainian gas transportation system operator, its legal and organizational forms "- is a key position on the modernization of Ukraine's declaration TCU, which was signed in Brussels on 23 March.
The Europeans are ready to provide loans only if its implementation. This is because becoming an independent company, "Ukrtransgaz" will bring considerable profit and would be able to repay loans. And staying in the composition of "Naftogaz" bears a significant social burden, "Ukrtransgaz" risk facing a shortage of funds that would jeopardize the full and timely repayment of loans.
Recall that the signing of the declaration has caused a negative reaction from Russia. Moscow believed that the document prejudice its interests as a supplier of fuel.
Big Twenty "will not seriously discuss the introduction of the new world currency.
At the April summit of" Big twenty "(G20) China's proposal to impose a supranational currency, the world will not be subject to lengthy discussions. With such a statement was made by the Prime Minister Gordon Brown, transmits AFP.
In mid-March, China prepared its proposals for reforming the global financial system. In particular, they contained a message about the need to introduce a new supranational currency or on the wider use of special drawing rights (SDR), issued by the International Monetary Fund.
A few days before China made such a proposal, and Russia. In addition, supporters of the introduction of new currency is Kazakhstan. All those dissatisfied with the state too much dependence of the global economy from the dollar.
In summer 2008, when the U.S. currency dropped in price to a historic minimum of the euro (about 1.6 dollars per euro), in developed countries pointed out that a weak dollar poses risks for the global financial system. In particular, the president of Russia Dmitry Medvedev stated that he considered the U.S. "an international problem."
The U.S. has already stated that they did not support the reforms proposed by China and other developing countries. March 24, U.S. President Barack Obama noted that the United States is a country with a very strong economy and strong political system, and the dollar - is strong than ever.
In mid-March, China prepared its proposals for reforming the global financial system. In particular, they contained a message about the need to introduce a new supranational currency or on the wider use of special drawing rights (SDR), issued by the International Monetary Fund.
A few days before China made such a proposal, and Russia. In addition, supporters of the introduction of new currency is Kazakhstan. All those dissatisfied with the state too much dependence of the global economy from the dollar.
In summer 2008, when the U.S. currency dropped in price to a historic minimum of the euro (about 1.6 dollars per euro), in developed countries pointed out that a weak dollar poses risks for the global financial system. In particular, the president of Russia Dmitry Medvedev stated that he considered the U.S. "an international problem."
The U.S. has already stated that they did not support the reforms proposed by China and other developing countries. March 24, U.S. President Barack Obama noted that the United States is a country with a very strong economy and strong political system, and the dollar - is strong than ever.
Zimbabwe announced a dollar deflation.
Prices are in U.S. dollars to Zimbabwe in early 2009 began to decline. The statement was made by the Central Statistical Office of Zimbabwe, reports AFP. In January of this year deflation in relation to December 2008 amounted to 2,3 percent. In February, prices in U.S. dollars declined by 3.1 percent.
Zimbabwe Bureau of Statistics has ceased to keep statistics of consumer price changes in the national currency in January 2009, when the government allowed the circulation in the country of United States dollars. According to the latest released figures, inflation in Zimbabwe in July 2008 amounted to 231 million percent.
February 19, 2009 Zimbabwe stock market regained its work after a three-month break. Trading on the stock exchange was reopened in U.S. dollars, as they attended only one company out of 80 registered.
Zimbabwe Bureau of Statistics has ceased to keep statistics of consumer price changes in the national currency in January 2009, when the government allowed the circulation in the country of United States dollars. According to the latest released figures, inflation in Zimbabwe in July 2008 amounted to 231 million percent.
February 19, 2009 Zimbabwe stock market regained its work after a three-month break. Trading on the stock exchange was reopened in U.S. dollars, as they attended only one company out of 80 registered.
"Naftogaz" has asked Gazprom is not to punish his penalty.
KommentariiRossiya return a udar27.03.2009Moskva start a campaign for the revision of the Brussels gas deklaratsiiDelegatsiya "Naftogaz" arrived in Moscow for talks with Gazprom, has asked the Russian side to allow Ukraine to reduce its consumption Russian gas provided 40 billion cubic meters to 33 billion. As Kommersant daily, citing its sources, thus they want to avoid the payment of "imposing a penalty." According to unofficial estimates, which leads edition, the amount reaches a half billion dollars.
This officially stated purpose of the visit of the Acting Chairman of the Board Igor Didenko, and his deputy, Vladimir Trikolicha - discussion of technical agreement on the transit of gas in 2009.
The signing of the document governing the details of gas supply and transportation, is a prerequisite for beginning work on the Ukrainian market "daughter" of Russian monopolies - Gazprom sales Ukraine ", said the newspaper.
Earlier, the Russian side expressed readiness to meet the Ukrainians, and reduce the supply of fuel "Naftogaz", but after the 23 March in Brussels, has been underway in Iraq signed a gas Declaration Ukraine-EU, the position of Gazprom tightened.
However, the Ukrainian policy of relevance to gas dispute that has previously stated that if Russia will require Ukraine to pay a penalty for nepotreblenny gas, "Naftogaz" may require "Gazprom" the penalty for reducing the volume of move to Europe, where the crisis, the fuel consumption is also reduced.
How much money could require the Ukrainians (and whether at all) - is not yet known.
This officially stated purpose of the visit of the Acting Chairman of the Board Igor Didenko, and his deputy, Vladimir Trikolicha - discussion of technical agreement on the transit of gas in 2009.
The signing of the document governing the details of gas supply and transportation, is a prerequisite for beginning work on the Ukrainian market "daughter" of Russian monopolies - Gazprom sales Ukraine ", said the newspaper.
Earlier, the Russian side expressed readiness to meet the Ukrainians, and reduce the supply of fuel "Naftogaz", but after the 23 March in Brussels, has been underway in Iraq signed a gas Declaration Ukraine-EU, the position of Gazprom tightened.
However, the Ukrainian policy of relevance to gas dispute that has previously stated that if Russia will require Ukraine to pay a penalty for nepotreblenny gas, "Naftogaz" may require "Gazprom" the penalty for reducing the volume of move to Europe, where the crisis, the fuel consumption is also reduced.
How much money could require the Ukrainians (and whether at all) - is not yet known.
Central Bank of Russia has invested a third of the reserves in the securities of the United States.
KommentariiDali in dolg03.03.2009Rossiya has become one of the largest creditors SShADolya U.S. Treasury securities in Russia's international reserves at just over 30 per cent. This statement was made first deputy chairman of the Central Bank of Russia Alexey Ulyukaev, reports RIA Novosti. As of March 13, the volume of international reserves amounted to just over 376 billion dollars.
In early March, the U.S. Ministry of Finance has published the data, according to which Russia won the seventh place in the ranking of countries - the U.S. creditors, bought up the largest amount of treasury bonds. By the end of 2008, the Russian side has owned these securities amounted to 116,4 billion dollars.
In addition, according to the Ministry of Finance United States, Russia was on the 17 spot in the ranking of States, to invest in all types of U.S. securities. By the middle of last year, the Russian side has invested in them 160 billion dollars.
The Central Bank also has investments in U.S. mortgages. Thus, in early 2008 over a hundred billion dollars from Russia's international reserves have been invested into the bonds of mortgage agencies Fannie Mae and Freddie Mac, as well as the Federal Home Loan Banks. On 30 January this year, the Bank of Russia chairman Sergey Ignatiev said that the Central Bank is fully sold all securities of Fannie Mae and Freddie Mac. Recent suffered significant losses from the financial crisis and in September 2008 have been brought under control by the U.S. government.
March 5, the Russian Ministry of Finance decided Fund national well-being (FNB) and the Reserve Fund will not invest in debt obligations of foreign government agencies. Thus, the national funds can be invested in, say, the paper Fannie Mae and Freddie Mac. Money from FNB can be invested in debt obligations of foreign governments and international financial organizations.
In early March, the U.S. Ministry of Finance has published the data, according to which Russia won the seventh place in the ranking of countries - the U.S. creditors, bought up the largest amount of treasury bonds. By the end of 2008, the Russian side has owned these securities amounted to 116,4 billion dollars.
In addition, according to the Ministry of Finance United States, Russia was on the 17 spot in the ranking of States, to invest in all types of U.S. securities. By the middle of last year, the Russian side has invested in them 160 billion dollars.
The Central Bank also has investments in U.S. mortgages. Thus, in early 2008 over a hundred billion dollars from Russia's international reserves have been invested into the bonds of mortgage agencies Fannie Mae and Freddie Mac, as well as the Federal Home Loan Banks. On 30 January this year, the Bank of Russia chairman Sergey Ignatiev said that the Central Bank is fully sold all securities of Fannie Mae and Freddie Mac. Recent suffered significant losses from the financial crisis and in September 2008 have been brought under control by the U.S. government.
March 5, the Russian Ministry of Finance decided Fund national well-being (FNB) and the Reserve Fund will not invest in debt obligations of foreign government agencies. Thus, the national funds can be invested in, say, the paper Fannie Mae and Freddie Mac. Money from FNB can be invested in debt obligations of foreign governments and international financial organizations.
Ukraine upgrading of gas transportation systems through Japan.
Ukraine considers the Japanese companies as a key investment for the modernization of the transmission system. This was said Ukrainian Prime Minister Yulia Tymoshenko, the transfer agency UNIAN. According to Tymoshenko, she will discuss this issue with the Japanese counterparts during his visit to Tokyo on 25-26 March.
The Prime Minister also noted that the involvement of Japanese investors will be held in the signed declaration on the eve of modernization of the GTS with the European Union.
Recall that at a conference in Brussels on Ukraine and the EU agreed on the modernization of the TCU with the participation of Russia. In protest, the Russian delegation left the conference. Officials in Russia believes that such issues can be discussed only on a tripartite basis.
In particular, Russia did not agree with the estimates of expenditures for the modernization of the GTS. If Europe believes that these goals will require about three billion dollars in "Gazprom" assess investment in 16-30 billion dollars.
The EU has already stated that the declaration was signed with Ukraine is not directed against Russia and would not lead to limiting the influence of Gazprom in Europe. However, Russian officials felt that the interests of the country and threatened to ignore the EU and Ukraine complication relations.
For example, Prime Minister Vladimir Putin of Russia March 23, threatened to revise relations with the EU principles. A March 24, it became known that Russia has postponed the intergovernmental consultations with Ukraine to "clarify the matter with the gas Declaration."
Earlier, Russia claimed to help Ukraine to modernize the transmission system, but Russian officials said that Gazprom is ready to participate in the privatization of the GTS, if it is held.
The Prime Minister also noted that the involvement of Japanese investors will be held in the signed declaration on the eve of modernization of the GTS with the European Union.
Recall that at a conference in Brussels on Ukraine and the EU agreed on the modernization of the TCU with the participation of Russia. In protest, the Russian delegation left the conference. Officials in Russia believes that such issues can be discussed only on a tripartite basis.
In particular, Russia did not agree with the estimates of expenditures for the modernization of the GTS. If Europe believes that these goals will require about three billion dollars in "Gazprom" assess investment in 16-30 billion dollars.
The EU has already stated that the declaration was signed with Ukraine is not directed against Russia and would not lead to limiting the influence of Gazprom in Europe. However, Russian officials felt that the interests of the country and threatened to ignore the EU and Ukraine complication relations.
For example, Prime Minister Vladimir Putin of Russia March 23, threatened to revise relations with the EU principles. A March 24, it became known that Russia has postponed the intergovernmental consultations with Ukraine to "clarify the matter with the gas Declaration."
Earlier, Russia claimed to help Ukraine to modernize the transmission system, but Russian officials said that Gazprom is ready to participate in the privatization of the GTS, if it is held.
Russia joined the Financial Stability Forum.
Russia joined the Financial Stability Forum (Financial Stability Forum, FSF), which won three seats. Their representatives will take the Ministry of Finance, the Central Bank and the Federal Service for Financial Markets. The statement was made by Vice-Premier and Finance Minister Alexei Kudrin, RIA News.
Representation of Russia in the club appeared as large as the countries of Eight States and the BRIC (Brazil, Russia, India, China).
The first meeting of FSF, in which Russia would participate as a full member of the organization, held in June 2009.
Financial Stability Forum was established in 1999 and is an informal institution that develops the rules for global financial markets. In the FSF include, inter alia, representatives of the Ministries of Finance and Central Bank of the most developed countries in the world, as well as managers of the World Bank and International Monetary Fund.
For the first time that Russia will soon join the FSF, was reported in November 2008. This issue, among others, was discussed at the summit of "Big twenty" in Washington on Nov. 15, 2008.
Representation of Russia in the club appeared as large as the countries of Eight States and the BRIC (Brazil, Russia, India, China).
The first meeting of FSF, in which Russia would participate as a full member of the organization, held in June 2009.
Financial Stability Forum was established in 1999 and is an informal institution that develops the rules for global financial markets. In the FSF include, inter alia, representatives of the Ministries of Finance and Central Bank of the most developed countries in the world, as well as managers of the World Bank and International Monetary Fund.
For the first time that Russia will soon join the FSF, was reported in November 2008. This issue, among others, was discussed at the summit of "Big twenty" in Washington on Nov. 15, 2008.
The Italians have proposed to allocate GTS Ukraine international consortium.
Exit KommentariiPostoronnim not zapreschen24.03.2009Rossiyu not podpustili to the transmission system UkrainyGeneralny manager of Italian oil and gas group Eni, Paolo Skaroni invited to create a consortium to manage the transmission system (GTS) of Ukraine. This Skaroni said in a meeting with Russian Vice Premier Igor Sechin, said RIA Novosti. Previously, such a proposal were the Russian authorities. In particular, such a consortium told the Prime Minister of Russia Vladimir Putin.
"We believe, and I think that other big companies, such as E. ON and Gas de France, also felt the need to revert to the old idea of a consortium that would guarantee a stable supply of gas," - said Sarkoni.
Italian manager also questioned the decisions taken at the Brussels conference on the modernization of the GTS of Ukraine, said Interfax. "Talking about increasing the supply of gas without the participation of those who supply gas, and those who buy it - waste of time" - he said.
In addition, Skaroni said that expanding the capacity of the transmission system of Ukraine, which was adopted at a conference in Brussels - not only the loss of time, but the loss of funds. " In his view, the supply of gas by pipeline "Southern stream" and "Nord Stream", which intends to build the "Gazprom", can Europe ensure the necessary quantity of fuel.
Recall that at a conference in Brussels on Ukraine and the EU agreed on the modernization of the TCU with the participation of Russia. In protest, the Russian delegation left the conference. Moscow believes that such issues can be discussed only on a tripartite basis. Earlier, Russia claimed to support Ukraine in the TCU, but Russian officials said that Gazprom is ready to participate in the privatization of the GTS, if it is held. However, Kiev is not willing to TCU to foreign investors.
March 23, Vladimir Putin has threatened to revise relations with the EU principles. In addition, for an indefinite period moved consultations with the Government of Ukraine, where Kiev's intention to ask Moscow for a loan of 5 billion dollars.
Recall that Eni and Gazprom has long-standing partnership. For example, in 2007, Eni acquired a 20 per cent of "Gazprom oil" in the auction for the assets of bankrupt Yukos. Later it became known that Gazprom signed an agreement with the Italians, for whom he has a right to redeem securities of "Gazprom oil". The deal was to be held during the spring of this year, but, according to Russian media, the budget of Gazprom for 2009 are not recorded expenses to redeem these shares in Eni.
Moreover, companies involved with the construction of gas pipeline South Stream, which will connect Russia and Italy. In addition, the Italian company Saipem a contract for laying the gas pipeline "Nord Stream", which will link Russia and Germany on the bottom of the Baltic Sea. Saipem to 43 per cent owned by Eni.
"We believe, and I think that other big companies, such as E. ON and Gas de France, also felt the need to revert to the old idea of a consortium that would guarantee a stable supply of gas," - said Sarkoni.
Italian manager also questioned the decisions taken at the Brussels conference on the modernization of the GTS of Ukraine, said Interfax. "Talking about increasing the supply of gas without the participation of those who supply gas, and those who buy it - waste of time" - he said.
In addition, Skaroni said that expanding the capacity of the transmission system of Ukraine, which was adopted at a conference in Brussels - not only the loss of time, but the loss of funds. " In his view, the supply of gas by pipeline "Southern stream" and "Nord Stream", which intends to build the "Gazprom", can Europe ensure the necessary quantity of fuel.
Recall that at a conference in Brussels on Ukraine and the EU agreed on the modernization of the TCU with the participation of Russia. In protest, the Russian delegation left the conference. Moscow believes that such issues can be discussed only on a tripartite basis. Earlier, Russia claimed to support Ukraine in the TCU, but Russian officials said that Gazprom is ready to participate in the privatization of the GTS, if it is held. However, Kiev is not willing to TCU to foreign investors.
March 23, Vladimir Putin has threatened to revise relations with the EU principles. In addition, for an indefinite period moved consultations with the Government of Ukraine, where Kiev's intention to ask Moscow for a loan of 5 billion dollars.
Recall that Eni and Gazprom has long-standing partnership. For example, in 2007, Eni acquired a 20 per cent of "Gazprom oil" in the auction for the assets of bankrupt Yukos. Later it became known that Gazprom signed an agreement with the Italians, for whom he has a right to redeem securities of "Gazprom oil". The deal was to be held during the spring of this year, but, according to Russian media, the budget of Gazprom for 2009 are not recorded expenses to redeem these shares in Eni.
Moreover, companies involved with the construction of gas pipeline South Stream, which will connect Russia and Italy. In addition, the Italian company Saipem a contract for laying the gas pipeline "Nord Stream", which will link Russia and Germany on the bottom of the Baltic Sea. Saipem to 43 per cent owned by Eni.
Duma finally allowed the Government to adopt the budget deficit.
SyuzhetyIzmeneniya in the budget for 2009-2011 gody26.03.2009Pravitelstvo decided to sequester the budget in 2010 and 2011 godahKommentarii (Anti) byudzhet20.03.2009Vpervye crisis in eight years the Russian government approved a deficit byudzhetEkonomika dual dnom23. 03.2009Pravitelstvo hurried to "withdraw" from Russia State Duma approved krizisaDeputaty immediately in the second and third reading amendments to the Budget Code (BC), which requires the Government to adopt the budget deficit for 2009. That was reported by RIA Novosti.
In particular, the amendments stipulate that by 2013 BC suspended rules limiting the amount of the deficit budget of Russia in the amount of one percent of projected GDP. Also, the document is permitted to use the contingency fund to ensure a balanced budget.
Now the government of Russia will be able to make the Duma a draft amended budget for 2009 approved by Cabinet on 19 March.
The budget deficit in 2009 will be 7.4 percent of GDP, whereas in the first version of the budget for 2009 adopted by Parliament in 2008, planned a small surplus. In 2010 and 2011 budget deficit will also be - 5 and 3 percent respectively.
In 2009, the budget deficit will be about 3 trillion rubles. Cover it planned from the contingency fund. It is anticipated that the budget deficit will be borne by the fund until the middle of 2011, as well as through borrowing, possibly in the domestic market.
Russia now actually live with the budget, which is built on the basis of the forecast oil prices of $ 95 per barrel. At the same time raw materials are traded on stock exchanges at a price below 50 dollars a barrel. When preparing a new version of the budget officials assumed oil prices of 41 dollars a barrel.
In particular, the amendments stipulate that by 2013 BC suspended rules limiting the amount of the deficit budget of Russia in the amount of one percent of projected GDP. Also, the document is permitted to use the contingency fund to ensure a balanced budget.
Now the government of Russia will be able to make the Duma a draft amended budget for 2009 approved by Cabinet on 19 March.
The budget deficit in 2009 will be 7.4 percent of GDP, whereas in the first version of the budget for 2009 adopted by Parliament in 2008, planned a small surplus. In 2010 and 2011 budget deficit will also be - 5 and 3 percent respectively.
In 2009, the budget deficit will be about 3 trillion rubles. Cover it planned from the contingency fund. It is anticipated that the budget deficit will be borne by the fund until the middle of 2011, as well as through borrowing, possibly in the domestic market.
Russia now actually live with the budget, which is built on the basis of the forecast oil prices of $ 95 per barrel. At the same time raw materials are traded on stock exchanges at a price below 50 dollars a barrel. When preparing a new version of the budget officials assumed oil prices of 41 dollars a barrel.
By the end of the year in Russia will remain only two regions-the donor.
By the end of 2009 in Russia will be only 2 of the 11 regions of the donor. The statement was made by the Minister for Regional Development of Russia Viktor Basargin, RIA News. The other donors, according to the minister, will be Moscow and Saint Petersburg.
The reason for the fallout from the list of regions of the donor, according to Basargina, will be the deterioration of their economic situation due to financial and economic crisis. According to the Minregiona in 2008 in 11 regions of Russia acted donor, which formed about 70 per cent of the total budget.
Victor Basargin previously reported that in Russia the remaining 10 percent of cities and regions where the economic situation during the crisis continues to remain stable. In doing so, 40 per cent of municipal crisis has affected the economy and social sphere, but it has little influence. According to the Minister, the economic downturn to a large extent has already affected half of Russian cities and regions.
November 12, 2008 the Minister of Finance of Russia Alexey Kudrin said that the number of regions-donors in the country for 15 years could increase two to three times. According to the Ministry of Finance, at the time was recorded 10 such regions, while the rest supported the federal budget. According to Kudrin, the donors are not the most affluent regions, while those able to meet their obligations.
In mid-November 2008, Prime Minister Vladimir Putin of Russia has summed up the work of Russian regions in 2007. The Government estimates that in 2007 Russia's regions inefficiently spent almost 440 billion rubles. A more active reform, these funds could be spent on increasing salaries of Public Employment, or for investment.
The reason for the fallout from the list of regions of the donor, according to Basargina, will be the deterioration of their economic situation due to financial and economic crisis. According to the Minregiona in 2008 in 11 regions of Russia acted donor, which formed about 70 per cent of the total budget.
Victor Basargin previously reported that in Russia the remaining 10 percent of cities and regions where the economic situation during the crisis continues to remain stable. In doing so, 40 per cent of municipal crisis has affected the economy and social sphere, but it has little influence. According to the Minister, the economic downturn to a large extent has already affected half of Russian cities and regions.
November 12, 2008 the Minister of Finance of Russia Alexey Kudrin said that the number of regions-donors in the country for 15 years could increase two to three times. According to the Ministry of Finance, at the time was recorded 10 such regions, while the rest supported the federal budget. According to Kudrin, the donors are not the most affluent regions, while those able to meet their obligations.
In mid-November 2008, Prime Minister Vladimir Putin of Russia has summed up the work of Russian regions in 2007. The Government estimates that in 2007 Russia's regions inefficiently spent almost 440 billion rubles. A more active reform, these funds could be spent on increasing salaries of Public Employment, or for investment.
Russia will take from private infrastructure development.
Federal Service for Financial Markets (FCSM) and the Ministry of Finance introduced the concept of infrastructure bonds, under which the State will provide the guarantee. The statement was made head of the Federal Financial Markets Service Vladimir Milovidov, writes Vedomosti.
Expected that the infrastructure bonds will help the State finance infrastructure development, which is budgeted at the federal and regional levels is not sufficient. A bill to issue such an instrument, which in November 2008, instructed to write the Prime Minister of Russia Vladimir Putin, in FSFM plans to prepare by July 2009.
Expected that the infrastructure bonds in the amount of 5 billion rubles will be issued for a period of 5 to 25 years. The main investors are pension funds, insurance companies and other conservative investors, because the interest rate on bonds will be in the region of 13 per cent. Experts interviewed by the publication, noted that the yield on bonds will be lower than rates on deposits in banks, which significantly reduce the demand for these securities from investors.
In particular, the bonds will be issued for the construction of transport infrastructure, utilities and energy facilities. Issuers will be a specially created joint-stock companies with the share of private capital, and natural monopolies. For instance, Transneft and Russian Railways. Under the bond issue the state will provide a guarantee.
Such bonds will be in demand, especially at the municipal and regional levels.
Earlier, Minister of Regional Development Viktor Basargin said that Russia is 10 per cent of towns and districts where the situation during the economic downturn continues to be stable. At the half of Russian cities and regions of the economic downturn has already affected a large extent. In terms of reducing demand for the products of Russian companies especially affected those regions that produce oil, gas, metals and other export goods.
As a result, the federal government was compelled to adopt the budget deficit, although it does not matter to decrease the budget. Regional authorities often sekvestiruyut spending their budgets.
Expected that the infrastructure bonds will help the State finance infrastructure development, which is budgeted at the federal and regional levels is not sufficient. A bill to issue such an instrument, which in November 2008, instructed to write the Prime Minister of Russia Vladimir Putin, in FSFM plans to prepare by July 2009.
Expected that the infrastructure bonds in the amount of 5 billion rubles will be issued for a period of 5 to 25 years. The main investors are pension funds, insurance companies and other conservative investors, because the interest rate on bonds will be in the region of 13 per cent. Experts interviewed by the publication, noted that the yield on bonds will be lower than rates on deposits in banks, which significantly reduce the demand for these securities from investors.
In particular, the bonds will be issued for the construction of transport infrastructure, utilities and energy facilities. Issuers will be a specially created joint-stock companies with the share of private capital, and natural monopolies. For instance, Transneft and Russian Railways. Under the bond issue the state will provide a guarantee.
Such bonds will be in demand, especially at the municipal and regional levels.
Earlier, Minister of Regional Development Viktor Basargin said that Russia is 10 per cent of towns and districts where the situation during the economic downturn continues to be stable. At the half of Russian cities and regions of the economic downturn has already affected a large extent. In terms of reducing demand for the products of Russian companies especially affected those regions that produce oil, gas, metals and other export goods.
As a result, the federal government was compelled to adopt the budget deficit, although it does not matter to decrease the budget. Regional authorities often sekvestiruyut spending their budgets.
Friday, March 27, 2009
Kudrin described as a candidate for the post of head Rosstrahnadzora.
The Minister of Finance of Russia Alexey Kudrin has recommended the State Duma and the President of the All-Russian Insurers Union (WBU), Alexander Koval at the head of the Federal Office of Insurance Supervisors (Rosstrahnadzor). That was reported by RIA Novosti.
Until March 22, 2009 Rosstrahnadzorom led Ilya Lomakin-Rumyantsev, which the President of Russia Dmitry Medvedev has appointed the head of the expert management of the president. Recall, from 2004 to May 2008 led by an expert management of President Arkady Dvorkovich, who was appointed assistant to the president.
The fact that the candidate will be offered Koval Kudrin for approval as head Rosstrahnadzora, it was reported March 26, 2009. This was announced head of the department of financial policy of the Ministry of Finance of Russia Alexey Savatyugin, writes the newspaper Kommersant. When I took office Koval will leave the post of President of the BCC and the status of the State Duma.
Alexander Koval, a member of the State Duma Committee on financial markets. Over the past seven years he headed the BCC, which brings together some of the largest insurance companies in Russia. Rosstrahnadzor is attached service and the Ministry of Finance carries out control and supervision of insurance.
Until March 22, 2009 Rosstrahnadzorom led Ilya Lomakin-Rumyantsev, which the President of Russia Dmitry Medvedev has appointed the head of the expert management of the president. Recall, from 2004 to May 2008 led by an expert management of President Arkady Dvorkovich, who was appointed assistant to the president.
The fact that the candidate will be offered Koval Kudrin for approval as head Rosstrahnadzora, it was reported March 26, 2009. This was announced head of the department of financial policy of the Ministry of Finance of Russia Alexey Savatyugin, writes the newspaper Kommersant. When I took office Koval will leave the post of President of the BCC and the status of the State Duma.
Alexander Koval, a member of the State Duma Committee on financial markets. Over the past seven years he headed the BCC, which brings together some of the largest insurance companies in Russia. Rosstrahnadzor is attached service and the Ministry of Finance carries out control and supervision of insurance.
Manual "Naftogaz" has gone to Moscow for further talks.
Delegation of "Naftogaz Ukraine" led by the Acting Chairman of the Board Igor Didenko flew to Moscow for talks with leadership of Gazprom. According to Interfax, Moscow parties try to agree on a technical agreement in 2009 to long-term gas contract signed in January.
Press Secretary of "Naftogaz" Valentin said Zemlyanskiy confirmed this information. According to Zemlianskaia, technical conditions of the agreement provides for transit of Russian gas through Ukrainian territory.
Recall from the fact that Ukraine and Russia could not agree on the purchase price for Russian oil in 2009, Gazprom, January 1, stopped gas deliveries to Ukrainian consumers. January 7, the Russian side to stop the transit of gas through Ukraine to the EU, accusing "Naftogaz" to illegal tapping of fuel. After a two-week break in transit gas supplies were restored by Gazprom, but the technical agreement was not signed.
In February 2009, the Ukrainian edition of the Mirror of the week "reported that Gazprom has made a number of unacceptable demands for Ukraine within the framework of a technical agreement.
The Russian side allegedly demanded compulsory attendance at the Ukrainian gazoizmeritelnyh stations pumped gas into Europe, the independent auditing firms, as well as to "Naftogaz" of maintaining the transit of Russian gas technology.
Last, recall, was one of the causes of conflict "Naftogaz and Gazprom in early 2009. This gas is needed to maintain the pressure of Ukraine in the gas transportation system and ensure the transit of Russian fuel to Europe. The Ukrainian side has demanded that the fuel provided Russia and Gazprom argued that the process gas for Kiev to pay themselves. As a result, the Ukrainian authorities declared that "Naftogaz" has become the fuel of the Russian monopoly at a price of 153.9 dollars per thousand cubic meters (at a price in the first quarter to 360 dollars). It is assumed that this is a fuel that can not be divided "Naftogaz and RosUkrEnergo.
The newspaper "Time News" earlier also noted that Kiev is linking agreement on the document with the resumption of work on the Ukrainian market "Daughter" of Gazprom - Gazprom sales Ukraine ". Didenko has previously said that the signed documents, which will allow Gazprom sales Ukraine "to begin deliveries of raw materials to industrial consumers in Ukraine. But the reservation that the signature will come into force after approval tehsoglasheniya between Gazprom and Naftogaz. "
In January 2009, management of Gazprom has argued that the "daughter" of the group of Russian company "Gazprom sales Ukraine", will receive up to 25 per cent of the domestic Ukrainian market. "Gazprom sales Ukraine" was established in April 2008 and became a supplier of gas industry in Ukraine.
The gas contract, which in January 2009 signed by Russia and Ukraine, among other things, specifies the conditions for transit of Russian gas to Europe until 2019. In 2008, Gazprom paid Ukraine to 1.7 dollar. In 2009, a preferential rate, it was decided to retain, and in 2010 to switch to market relations.
Press Secretary of "Naftogaz" Valentin said Zemlyanskiy confirmed this information. According to Zemlianskaia, technical conditions of the agreement provides for transit of Russian gas through Ukrainian territory.
Recall from the fact that Ukraine and Russia could not agree on the purchase price for Russian oil in 2009, Gazprom, January 1, stopped gas deliveries to Ukrainian consumers. January 7, the Russian side to stop the transit of gas through Ukraine to the EU, accusing "Naftogaz" to illegal tapping of fuel. After a two-week break in transit gas supplies were restored by Gazprom, but the technical agreement was not signed.
In February 2009, the Ukrainian edition of the Mirror of the week "reported that Gazprom has made a number of unacceptable demands for Ukraine within the framework of a technical agreement.
The Russian side allegedly demanded compulsory attendance at the Ukrainian gazoizmeritelnyh stations pumped gas into Europe, the independent auditing firms, as well as to "Naftogaz" of maintaining the transit of Russian gas technology.
Last, recall, was one of the causes of conflict "Naftogaz and Gazprom in early 2009. This gas is needed to maintain the pressure of Ukraine in the gas transportation system and ensure the transit of Russian fuel to Europe. The Ukrainian side has demanded that the fuel provided Russia and Gazprom argued that the process gas for Kiev to pay themselves. As a result, the Ukrainian authorities declared that "Naftogaz" has become the fuel of the Russian monopoly at a price of 153.9 dollars per thousand cubic meters (at a price in the first quarter to 360 dollars). It is assumed that this is a fuel that can not be divided "Naftogaz and RosUkrEnergo.
The newspaper "Time News" earlier also noted that Kiev is linking agreement on the document with the resumption of work on the Ukrainian market "Daughter" of Gazprom - Gazprom sales Ukraine ". Didenko has previously said that the signed documents, which will allow Gazprom sales Ukraine "to begin deliveries of raw materials to industrial consumers in Ukraine. But the reservation that the signature will come into force after approval tehsoglasheniya between Gazprom and Naftogaz. "
In January 2009, management of Gazprom has argued that the "daughter" of the group of Russian company "Gazprom sales Ukraine", will receive up to 25 per cent of the domestic Ukrainian market. "Gazprom sales Ukraine" was established in April 2008 and became a supplier of gas industry in Ukraine.
The gas contract, which in January 2009 signed by Russia and Ukraine, among other things, specifies the conditions for transit of Russian gas to Europe until 2019. In 2008, Gazprom paid Ukraine to 1.7 dollar. In 2009, a preferential rate, it was decided to retain, and in 2010 to switch to market relations.
Belarus agreed on a price for Russian gas.
SyuzhetyTseny gas to the CIS in 2009 godu02.02.2009Rossiya and Belarus signed an agreement on gas deliveries in 2009 goduBelorussiya during the first six months of 2009 will pay for Russian gas is approximately 148 dollars per thousand cubic meters. That was reported by RIA Novosti with reference to the Embassy of Russia in Minsk.
The agreement provides that Minsk in the first semester will pay a fixed average price for gas (148 dollars per thousand cubic meters) of doraschetov at the end of the year. " The documentary, this agreement has not yet been processed, refined at the embassy.
In the embassy also said that the relevant agreements were reached during the meeting of the Presidents of Belarus and Russia on 19 March in Moscow. "
In this case, Gazprom said that Belarus agreed to pay for Russian gas at a fixed average price does not exist.
Earlier, the newspaper Kommersant claimed that in the first quarter of 2009 the price of Russian gas for Belarus increased from 128 to 210 dollars per thousand cubic meters. In doing so, Minsk first two months of this year, paid to Gazprom for the supply of fuel to continue to fare, causing concern owes Russia about 70 million dollars.
However, at a meeting in Zavidovo near Moscow, where the March 19, Dmitry Medvedev visited the Belarusian delegation headed by Alexander Lukashenko, the parties to resolve all contentious issues.
It is anticipated that in 2009 Belarus imported 22.1 billion cubic meters of gas at 3.27 billion dollars at an average price of 148 dollars per thousand cubic meters.
Remember, Russia and Belarus have agreed on the principles of fuel at the end of December 2008 and January 2009 in the Belarusian Government to assess the average price of imported gas at 148 dollars per thousand cubic meters.
The specific price of Russian fuel to Minsk the parties have not previously reported. In early February, Gazprom and Beltransgaz signed an additional agreement on the terms of Russian gas supplies to Belarus, but the conditions were not disclosed.
The price of gas for Belarus, which the country is buying from Russia, a market is determined by a formula tied to the price of oil on world markets.
Neighboring Ukraine in the first quarter bought from Gazprom's fuel to 360 dollars per thousand cubic meters., In the second quarter, the price dropped to a mark of 280 dollars. Average price in Kiev is projected at 230 dollars per thousand cubic meters.
The agreement provides that Minsk in the first semester will pay a fixed average price for gas (148 dollars per thousand cubic meters) of doraschetov at the end of the year. " The documentary, this agreement has not yet been processed, refined at the embassy.
In the embassy also said that the relevant agreements were reached during the meeting of the Presidents of Belarus and Russia on 19 March in Moscow. "
In this case, Gazprom said that Belarus agreed to pay for Russian gas at a fixed average price does not exist.
Earlier, the newspaper Kommersant claimed that in the first quarter of 2009 the price of Russian gas for Belarus increased from 128 to 210 dollars per thousand cubic meters. In doing so, Minsk first two months of this year, paid to Gazprom for the supply of fuel to continue to fare, causing concern owes Russia about 70 million dollars.
However, at a meeting in Zavidovo near Moscow, where the March 19, Dmitry Medvedev visited the Belarusian delegation headed by Alexander Lukashenko, the parties to resolve all contentious issues.
It is anticipated that in 2009 Belarus imported 22.1 billion cubic meters of gas at 3.27 billion dollars at an average price of 148 dollars per thousand cubic meters.
Remember, Russia and Belarus have agreed on the principles of fuel at the end of December 2008 and January 2009 in the Belarusian Government to assess the average price of imported gas at 148 dollars per thousand cubic meters.
The specific price of Russian fuel to Minsk the parties have not previously reported. In early February, Gazprom and Beltransgaz signed an additional agreement on the terms of Russian gas supplies to Belarus, but the conditions were not disclosed.
The price of gas for Belarus, which the country is buying from Russia, a market is determined by a formula tied to the price of oil on world markets.
Neighboring Ukraine in the first quarter bought from Gazprom's fuel to 360 dollars per thousand cubic meters., In the second quarter, the price dropped to a mark of 280 dollars. Average price in Kiev is projected at 230 dollars per thousand cubic meters.
Gazprom is remembered about the project to expand the pipeline bypassing Ukraine.
KommentariiPodruga podkinula problem26.03.2009V Russia recognized as threatening to "gas" declaration, signed by Yulia Tymoshenko, Gazprom and Turkey have begun to elaborate a project to expand a gas pipeline "Blue Stream" (Blue Stream), which is under the Black Sea, bypassing Ukraine, the Kommersant daily.
This is the project "Blue Stream - 2", which envisages the construction of the third threads in parallel with the gas pipeline "Blue Stream" gas transport infrastructure in Turkey, as well as the maritime pipeline to Israel. Negotiations on the construction of branches in Israel will begin after the formation of the Government.
While the parties have not called or a new pipeline capacity, nor the timing of its construction.
"Blue Stream" on an equal footing belongs to Gazprom and the Italian concern Eni. He crosses the Black Sea from the north to the south of Russia in the Asian part of Turkey.
Now the two branches "Blue Stream" with capacity of 8 billion cubic meters of gas a year each in 2008, it was prokachano total of 10 billion cubic meters. According to experts, the third branch pipeline will cost 2.7 billion dollars.
Turkey is one of the largest customer of Gazprom outside the CIS. In 2008, Gazprom exported to Turkey 23.8 billion cubic meters of gas through Ukraine and on the Blue Stream, and Turkey came to Germany after the second largest natural gas purchases from Russia.
Interestingly, Moscow and Ankara to make a formal announcement of the resumption of the project "Blue Stream - 2" in the midst of a new gas conflict in Russia, Ukraine and Europe.
Kommersant said that Russia and Turkey had ceased to discuss the expansion of the pipeline two years ago, when Gazprom has a new project - "South Stream". This pipeline will pass under the Black Sea and the territory of the Balkan countries in Central and Southern Europe.
At the same time, Turkey has become one of the competing parties to the European project Nabucco, which involves construction of a pipeline from the Caspian region via Turkey to Europe, bypassing Russia. "South Stream" is considered a competitor for Nabucco. Earlier, Turkey had threatened to withdraw from the EU Nabucco, which would reduce the dependence of EU gas supplies from Russia.
This is the project "Blue Stream - 2", which envisages the construction of the third threads in parallel with the gas pipeline "Blue Stream" gas transport infrastructure in Turkey, as well as the maritime pipeline to Israel. Negotiations on the construction of branches in Israel will begin after the formation of the Government.
While the parties have not called or a new pipeline capacity, nor the timing of its construction.
"Blue Stream" on an equal footing belongs to Gazprom and the Italian concern Eni. He crosses the Black Sea from the north to the south of Russia in the Asian part of Turkey.
Now the two branches "Blue Stream" with capacity of 8 billion cubic meters of gas a year each in 2008, it was prokachano total of 10 billion cubic meters. According to experts, the third branch pipeline will cost 2.7 billion dollars.
Turkey is one of the largest customer of Gazprom outside the CIS. In 2008, Gazprom exported to Turkey 23.8 billion cubic meters of gas through Ukraine and on the Blue Stream, and Turkey came to Germany after the second largest natural gas purchases from Russia.
Interestingly, Moscow and Ankara to make a formal announcement of the resumption of the project "Blue Stream - 2" in the midst of a new gas conflict in Russia, Ukraine and Europe.
Kommersant said that Russia and Turkey had ceased to discuss the expansion of the pipeline two years ago, when Gazprom has a new project - "South Stream". This pipeline will pass under the Black Sea and the territory of the Balkan countries in Central and Southern Europe.
At the same time, Turkey has become one of the competing parties to the European project Nabucco, which involves construction of a pipeline from the Caspian region via Turkey to Europe, bypassing Russia. "South Stream" is considered a competitor for Nabucco. Earlier, Turkey had threatened to withdraw from the EU Nabucco, which would reduce the dependence of EU gas supplies from Russia.
Gazprom RosUkrEnergo upheld in a dispute with Tymoshenko.
KommentariiPodruga podkinula problem26.03.2009V Russia recognized as threatening to "gas" declaration, signed by Julia TimoshenkoSyuzhetyKonflikt around the modernization of the GTS Ukrainy26.03.2009Italyantsy proposed to refer to international transport networks konsortsiumuRossiysky gas monopoly Gazprom has supported position of the Swiss intermediary RosUkrEnergo during the preliminary hearing in the Stockholm Arbitration Claims RosUkrEnergo to NAK Naftogaz of Ukraine, Kommersant daily, with reference to the source close to Dmitry Firtash - co-owners of a Swiss company.
In these lawsuits RosUkrEnergo required to recover from "Naftogaz" of more than 600 million dollars, as well as to raise from the underground storage facilities and transportation to the Ukrainian-Polish border of 11.5 billion cubic meters of gas estimated to cost three billion dollars. A source in Gazprom told the newspaper that the court has combined a number of lawsuits in one production.
The publication notes that even a week ago, the chances of "Naftogaz" to win in court were very high, as the Russian gas monopoly, which has half shares in RosUkrEnergo, did not support the position of the Swiss company.
However, the situation changed dramatically after Prime Minister Yulia Tymoshenko, to assert the position of the dispute "Naftogaz", March 23, signed in Brussels together with the European Union declaration on the modernization of the transmission system of Ukraine. This document is in Moscow found it unacceptable to Russia, which, according to a source of Kommersant, "and led to a change of position of Gazprom in the Stockholm arbitration.
According to the publication of lawyers surveyed, the consolidated position of the shareholders RosUkrEnergo when considering lawsuits against the company "Naftogaz" dramatically increases the chances of a Swiss company for the victory in the Stockholm arbitration.
Recall that a scheme in which "Naftogaz" has become a holder of 11.5 billion cubic meters of gas, many (including - high-ranking officials of the Ukrainian Security Service) is regarded as extremely doubtful. And, according to some sources, it was carried out with the knowledge and without protest on the part of Gazprom, which is believed to Ukrainian experts, at that time could exist some agreement with the Tymoshenko bloc.
But the situation has changed: after the signing of the Brussels Declaration of the Ukrainian newspaper "Today" with reference to a source in the diplomatic circles wrote that Moscow had been unhappy with not so much the essence of the signed documents as "betrayal" of Ukrainian Prime Minister.
"The main thing - in the Kremlin believe that Tymoshenko of 'threw'" - has led the publication of their source words. "Putin is to believe, though, and he said that Julia can not believe. It is clear therefore that the GDP is now so angry at Timoshenko", - quotes the "Today" the word diplomat.
Kommersant, however, writes that the position of the Ukrainian Prime Minister in recent days has changed: the source of the publication in the office of Tymoshenko said that this happened during her visit to Tokyo, which had high expectations. The Japanese have pledged to help Ukraine modernize the TCU Board and experts, but no money.
Since then, Tymoshenko said: "I am confident that soon all the misunderstandings between Russia and the EU will be lifted and Russia will become a full participant in these processes."
However, the Russian position was not eased: scheduled for April 8, visit the Ukrainian prime minister to Moscow, during which she planned to get a loan of five billion dollars, moved for an indefinite period.
At the same time, on April 8, Ukraine should list the "Gazprom" ordinary payment for the consumed gas. This is not yet known whether there will be a means to Kiev to pay with Moscow.
The Brussels Declaration, signed on March 23, involves upgrading and expanding the capacity of the GTS of Ukraine to European money, the allocation of "Ukrtransgaz" the pattern of "Naftogaz" to provide European companies access to the Ukrainian underground storage facilities and pipes.
Moscow felt that the document is contrary to the interests of Russia as a supplier of fuel. The frustration of the Russian side because it actually suspended from participation in the destiny of the Ukrainian gas transportation system.
In these lawsuits RosUkrEnergo required to recover from "Naftogaz" of more than 600 million dollars, as well as to raise from the underground storage facilities and transportation to the Ukrainian-Polish border of 11.5 billion cubic meters of gas estimated to cost three billion dollars. A source in Gazprom told the newspaper that the court has combined a number of lawsuits in one production.
The publication notes that even a week ago, the chances of "Naftogaz" to win in court were very high, as the Russian gas monopoly, which has half shares in RosUkrEnergo, did not support the position of the Swiss company.
However, the situation changed dramatically after Prime Minister Yulia Tymoshenko, to assert the position of the dispute "Naftogaz", March 23, signed in Brussels together with the European Union declaration on the modernization of the transmission system of Ukraine. This document is in Moscow found it unacceptable to Russia, which, according to a source of Kommersant, "and led to a change of position of Gazprom in the Stockholm arbitration.
According to the publication of lawyers surveyed, the consolidated position of the shareholders RosUkrEnergo when considering lawsuits against the company "Naftogaz" dramatically increases the chances of a Swiss company for the victory in the Stockholm arbitration.
Recall that a scheme in which "Naftogaz" has become a holder of 11.5 billion cubic meters of gas, many (including - high-ranking officials of the Ukrainian Security Service) is regarded as extremely doubtful. And, according to some sources, it was carried out with the knowledge and without protest on the part of Gazprom, which is believed to Ukrainian experts, at that time could exist some agreement with the Tymoshenko bloc.
But the situation has changed: after the signing of the Brussels Declaration of the Ukrainian newspaper "Today" with reference to a source in the diplomatic circles wrote that Moscow had been unhappy with not so much the essence of the signed documents as "betrayal" of Ukrainian Prime Minister.
"The main thing - in the Kremlin believe that Tymoshenko of 'threw'" - has led the publication of their source words. "Putin is to believe, though, and he said that Julia can not believe. It is clear therefore that the GDP is now so angry at Timoshenko", - quotes the "Today" the word diplomat.
Kommersant, however, writes that the position of the Ukrainian Prime Minister in recent days has changed: the source of the publication in the office of Tymoshenko said that this happened during her visit to Tokyo, which had high expectations. The Japanese have pledged to help Ukraine modernize the TCU Board and experts, but no money.
Since then, Tymoshenko said: "I am confident that soon all the misunderstandings between Russia and the EU will be lifted and Russia will become a full participant in these processes."
However, the Russian position was not eased: scheduled for April 8, visit the Ukrainian prime minister to Moscow, during which she planned to get a loan of five billion dollars, moved for an indefinite period.
At the same time, on April 8, Ukraine should list the "Gazprom" ordinary payment for the consumed gas. This is not yet known whether there will be a means to Kiev to pay with Moscow.
The Brussels Declaration, signed on March 23, involves upgrading and expanding the capacity of the GTS of Ukraine to European money, the allocation of "Ukrtransgaz" the pattern of "Naftogaz" to provide European companies access to the Ukrainian underground storage facilities and pipes.
Moscow felt that the document is contrary to the interests of Russia as a supplier of fuel. The frustration of the Russian side because it actually suspended from participation in the destiny of the Ukrainian gas transportation system.
The Central Bank has raised the forecast for the economic decline in Russia.
KommentariiVolny on dne25.03.2009Aleksey Kudrin warned on new wave of bank krizisaSokraschenie of Russia's GDP in 2009 may exceed the official forecast of 2.2 percent. The statement was made first deputy chairman of the Central Bank of Russia Alexey Ulyukaev, reports RIA Novosti. "There is reason to believe that there will be several more, and the rate of growth of bad debts will increase", - said Ulyukaev. In doing so, he said, Russia has already passed the critical phase of economic crisis.
Earlier, Minister of Economic Development of Russia Elvira Nabiullina announced that in January and February of this year Russia's GDP fell by eight percent over the same period a year earlier. In January decline of 8.8 percent in February - 7.3 percent. According to the Ministry of Economic Development, in the first quarter of 2009, Russia's economy will decline by seven percent.
According to Nabiullina, Russia's economic slowdown would reduce demand for industrial goods, as well as deteriorating conditions in the banking sector.
Ulyukaev also said that the Russian banking system in 2009 did not face a loss. Such difficulties may arise only in some Russian banks. Nevertheless, the system may begin to incur losses if the bad loans exceed 10 percent. According to the Central Bank, this level of arrears reaches only the end of 2009.
March 26, 2009 the Minister of Finance of Russia Alexey Kudrin has declared that the level of overdue loans in Russia is around 10 per cent. The Minister noted that the evaluation of its agencies at odds with the official assessment, because the banks are trying to hide the real figures for the delay. According to the Central Bank on 1 March 2009, the debt of companies for loans was 3.1 percent, and individuals - 4.1 percent.
In mid-March this year, Kudrin warned that Russia may face a second wave of banking crises. This would involve a sharp rise in overdue loans, as the company's debtors face a shortage of funds. When it starts the crisis, Kudrin did not specify. Ministry of Economic Development expects that the new banks will begin to experience difficulties in autumn this year.
Earlier, Minister of Economic Development of Russia Elvira Nabiullina announced that in January and February of this year Russia's GDP fell by eight percent over the same period a year earlier. In January decline of 8.8 percent in February - 7.3 percent. According to the Ministry of Economic Development, in the first quarter of 2009, Russia's economy will decline by seven percent.
According to Nabiullina, Russia's economic slowdown would reduce demand for industrial goods, as well as deteriorating conditions in the banking sector.
Ulyukaev also said that the Russian banking system in 2009 did not face a loss. Such difficulties may arise only in some Russian banks. Nevertheless, the system may begin to incur losses if the bad loans exceed 10 percent. According to the Central Bank, this level of arrears reaches only the end of 2009.
March 26, 2009 the Minister of Finance of Russia Alexey Kudrin has declared that the level of overdue loans in Russia is around 10 per cent. The Minister noted that the evaluation of its agencies at odds with the official assessment, because the banks are trying to hide the real figures for the delay. According to the Central Bank on 1 March 2009, the debt of companies for loans was 3.1 percent, and individuals - 4.1 percent.
In mid-March this year, Kudrin warned that Russia may face a second wave of banking crises. This would involve a sharp rise in overdue loans, as the company's debtors face a shortage of funds. When it starts the crisis, Kudrin did not specify. Ministry of Economic Development expects that the new banks will begin to experience difficulties in autumn this year.
WTO has increased three times the forecast reduction in world trade.
The volume of world trade in 2009 will decrease by nine percent. The forecast released a World Trade Organization (WTO), said Deutshce Welle. The volume of trade in developed countries will drop by 10 percent. Previously, the WTO forecast decline in world trade to 2.8 percent this year.
According to the WTO, the greatest losses from the reduction of world trade, developing countries will suffer, because their economies most dependent on exports. Thus, China's GDP, according to the official government forecasts for the current year will grow only 8 per cent against 13 per cent in 2008. According to the World Bank, China's economy will grow by 6.5 percent.
March 18, 2009 the WTO announced that the deficit financing of world trade has grown fourfold in comparison with November 2008. This figure amounted to 100 billion dollars. In November 2008, the funding gap has reached 25 billion dollars, or 0.25 per cent of the total market, estimated at 10 trillion dollars.
Because of the reduction in world trade caused by the global financial and economic crisis, many countries have announced a reduction in export volumes. For example, China's exports in February dropped by 25.7 percent to 64.9 billion dollars. In the fourth quarter of 2008 the volume of Japanese exports declined by 13.9 percent.
According to the WTO, the greatest losses from the reduction of world trade, developing countries will suffer, because their economies most dependent on exports. Thus, China's GDP, according to the official government forecasts for the current year will grow only 8 per cent against 13 per cent in 2008. According to the World Bank, China's economy will grow by 6.5 percent.
March 18, 2009 the WTO announced that the deficit financing of world trade has grown fourfold in comparison with November 2008. This figure amounted to 100 billion dollars. In November 2008, the funding gap has reached 25 billion dollars, or 0.25 per cent of the total market, estimated at 10 trillion dollars.
Because of the reduction in world trade caused by the global financial and economic crisis, many countries have announced a reduction in export volumes. For example, China's exports in February dropped by 25.7 percent to 64.9 billion dollars. In the fourth quarter of 2008 the volume of Japanese exports declined by 13.9 percent.
Obama rejected the idea of an international reserve currency.
U.S. President Barack Obama rejected the idea of an international reserve currency, launched by the Central China, reports AFP.
According to Obama, investors believed that "the United States - a country with the strongest economies and most stable political system in the world." "I believe in the American economy and the dollar", - said Obama, speaking Tuesday at a press conference at the White House. "I am sure that there is no need for a new international currency", - underlined the President of the United States.
The Central Bank of China proposed to establish a new reserve currency based on Special Drawing Rights (SDR) - an artificial means of payment International Monetary Fund, tied to a basket of currencies, and existing since 1969. Currently SDR linked to four currencies: the dollar, euro, British pound and Japanese yen. China proposes to expand the currency basket.
Previously, the idea of creating a new international currency to be an alternative to the dollar, was launched by Russian officials in the talking points for the meeting of the Greater twenty "(G20), scheduled for April. Special exchange for EURASEC offered to establish and the President of Kazakhstan Nursultan Nazarbayev.
The State Duma will force the government to report on anti-crisis measures.
The State Duma of Russia March 25, 2009 adopted on first reading a bill obliging the government quarterly report to MPs on the implementation of anti-crisis measures. This writes the newspaper Kommersant. During the passage of the bill voted in all the MPs present at the meeting.
The document stipulates that the Government, Central Bank of Russia and VEB will have a quarterly basis to provide information about the State Duma crisis spending. In particular, the purposes and amounts of loans issued, as well as on the size of corporations gosgaranty. However, as noted by "Kommersant", it is not clear how the Duma will be able to influence the decision of the Government, if it considers the measures ineffective.
March 6, 2009 it became known that the Duma has frozen a bill obliging the government to report on anti-crisis measures. In particular, "Nezavisimaya gazeta" reported that a hearing on the bill does not even appear on the plans to parliament in March.
At the end of 2008 on the orders of the President of Russia Dmitry Medvedev in the Constitution was amended, on which the Government should report annually to Parliament.
As expected, the first government report, prepared in accordance with the amendment to be submitted to the State Duma already April 6, 2009. As a result, MPs will have to formulate their proposals to the Government for the coming year. They will form the basis of the Duma regulations, the adoption of which is scheduled for April 21 this year.
March 19, the Government of Russia announced the anti-crisis program aimed at ensuring the stability of financial markets in Russia and to stimulate the economy. According to the document, the Government intends to spend funds on improving the national welfare of the capitalization of Russian business and the State Bank. In addition, planned to reduce inflation to 7.5 percent by 2011.
The document stipulates that the Government, Central Bank of Russia and VEB will have a quarterly basis to provide information about the State Duma crisis spending. In particular, the purposes and amounts of loans issued, as well as on the size of corporations gosgaranty. However, as noted by "Kommersant", it is not clear how the Duma will be able to influence the decision of the Government, if it considers the measures ineffective.
March 6, 2009 it became known that the Duma has frozen a bill obliging the government to report on anti-crisis measures. In particular, "Nezavisimaya gazeta" reported that a hearing on the bill does not even appear on the plans to parliament in March.
At the end of 2008 on the orders of the President of Russia Dmitry Medvedev in the Constitution was amended, on which the Government should report annually to Parliament.
As expected, the first government report, prepared in accordance with the amendment to be submitted to the State Duma already April 6, 2009. As a result, MPs will have to formulate their proposals to the Government for the coming year. They will form the basis of the Duma regulations, the adoption of which is scheduled for April 21 this year.
March 19, the Government of Russia announced the anti-crisis program aimed at ensuring the stability of financial markets in Russia and to stimulate the economy. According to the document, the Government intends to spend funds on improving the national welfare of the capitalization of Russian business and the State Bank. In addition, planned to reduce inflation to 7.5 percent by 2011.
The Ukrainian government will complete clearance gas RosUkrEnergo.
Comments gaz06.03.2009Istoriya was the beginning of the battle for around 11 billion kubometrovSyuzhetySkandal "Naftogaz" 24.03.2009RosUkrEnergo filed a third claim to "Naftogaz Ukraine" The Ukrainian government has instructed Gostamozhne to complete the clearance 11 billion cubic meters of gas to RosUkrEnergo " Naftogaz of Ukraine ". This writes the newspaper Kommersant - Ukraina.
Earlier, the Energy regional office has rastamozhila in favor of "Naftogaz" 6,3 billion cubic meters of gas. It tried to prevent the Security Service of Ukraine (SBU), regarding actions of customs officers as "contraband." However Shevchenkivskyi raysud Kiev reverse the decision of the Security Service to institute criminal proceedings.
Recall that the conflict over 11 billion cubic meters of gas began in March, when investigators came to SBU with a search in the office of "Naftogaz". The first deputy head of Security Service of Ukraine Valeriy Horoshkovsky then stated that rastamozhiv 6,3 billion cubic meters of gas, Customs actually legalized gas stolen in transit. "
"Naftogaz" in March had the money to раÑтаможку only 6.3 billion cubic meters of gas. Now the company, according to Kommersant, Oschadbank could get a loan to pay for the gas tax, which was not previously rastamozhen.
RosUkrEnergo company claims that 11 billion cubic meters of gas belonging to it, but the Ukrainian government insists that the oil belongs goskompanii.
Now SSU checks the legality of transactions with the gas, after which he moved from RosUkrEnergo at the disposal of "Naftogaz". Its findings, the investigators SBU has not yet submitted.
In RosUkrEnergo said that if the government continues to раÑтаможку gas, it will be grounds for filing another lawsuit to the Arbitration Court in Stockholm. Previously, the company has already reported that the two sent a claim to "Naftogaz" to international courts. RosUkrEnergo requires "Naftogaz" to return the gas.
RosUkrEnergo, registered in Switzerland, half owned by Gazprom and half - Ukrainian businessmen. One of the co-owners of the Ukrainian side is Dmitry Firtash.
Earlier, the Energy regional office has rastamozhila in favor of "Naftogaz" 6,3 billion cubic meters of gas. It tried to prevent the Security Service of Ukraine (SBU), regarding actions of customs officers as "contraband." However Shevchenkivskyi raysud Kiev reverse the decision of the Security Service to institute criminal proceedings.
Recall that the conflict over 11 billion cubic meters of gas began in March, when investigators came to SBU with a search in the office of "Naftogaz". The first deputy head of Security Service of Ukraine Valeriy Horoshkovsky then stated that rastamozhiv 6,3 billion cubic meters of gas, Customs actually legalized gas stolen in transit. "
"Naftogaz" in March had the money to раÑтаможку only 6.3 billion cubic meters of gas. Now the company, according to Kommersant, Oschadbank could get a loan to pay for the gas tax, which was not previously rastamozhen.
RosUkrEnergo company claims that 11 billion cubic meters of gas belonging to it, but the Ukrainian government insists that the oil belongs goskompanii.
Now SSU checks the legality of transactions with the gas, after which he moved from RosUkrEnergo at the disposal of "Naftogaz". Its findings, the investigators SBU has not yet submitted.
In RosUkrEnergo said that if the government continues to раÑтаможку gas, it will be grounds for filing another lawsuit to the Arbitration Court in Stockholm. Previously, the company has already reported that the two sent a claim to "Naftogaz" to international courts. RosUkrEnergo requires "Naftogaz" to return the gas.
RosUkrEnergo, registered in Switzerland, half owned by Gazprom and half - Ukrainian businessmen. One of the co-owners of the Ukrainian side is Dmitry Firtash.
Belarusian producers told to release the goods on credit.
Belarusian industrial enterprises, which sell their products to the domestic market, will now receive money for it only 60 days. The decision, according to the said, was in the government of the country.
As stated by Deputy Minister of Trade, Mikhail Sventitsky arrangements in this regard have been achieved with the near and far abroad, Bellesbumprom and Belarusian. The question, he said, agreed with the Ministry of Industry.
This measure is believed to the Belarusian authorities, encourages dealers to take on the implementation of domestic products and help reduce the share of imported products in the retail trade turnover. According to Sventitsky, the Ministry of Trade is developing a range of measures to increase the share of Belarusian goods on the domestic market. "In the trading network is a lot of imports, without which it is possible to do. This, for example, mineral water, soft drinks, mayonnaise, margarine and other" - said the official. All of these products, as noted Sventitsky, in sufficient quantities are produced in Belarus.
Recall that to limit the spread of the imported goods (and, consequently, increase the share of domestic production), the Belarusian authorities are trying to start with the 2000-ies. One of the most recent step was the establishment of the list of goods, import of which the Ministry of Trade considers "unreasonable." In the list, how to write "Nezavisimaya Gazeta, included, inter alia, yoghurt, cheese, curd, sweets, pasta, ravioli, mayonnaise, ice cream and beer, as well as bicycles, televisions, watches and furniture.
The Ministry stated that the formal ban on the importation of these products it is not. However, local officials have been instructed to review the lease of storage facilities to companies engaged in "unreasonable import. Ministry of Economy, in turn, proposes to raise customs duties on a range of consumer goods (what specifically, have not yet installed). At the same time for Russian products, according to the "Charter'97, officials will still make an exception.
With regard to the economic crisis, the Belarusian producers become harder to realize their products. The volume of production, which is in warehouses continue to grow. According to the FMSA, as of 1 March 2009 the ratio of stocks of finished products and the average output in the actual prices were 91.3 per cent. On March 1, 2008; the figure was only 52 per cent. Recently, Belarusian media reported that some enterprises have been paid to issue products - tinned meat and onion.
Note that the President of Belarus Alexander Lukashenko has repeatedly criticized the producers of low quality products. In 2007, for example, he stated that he was "scared to look at products of the Belarusian light industry.
As stated by Deputy Minister of Trade, Mikhail Sventitsky arrangements in this regard have been achieved with the near and far abroad, Bellesbumprom and Belarusian. The question, he said, agreed with the Ministry of Industry.
This measure is believed to the Belarusian authorities, encourages dealers to take on the implementation of domestic products and help reduce the share of imported products in the retail trade turnover. According to Sventitsky, the Ministry of Trade is developing a range of measures to increase the share of Belarusian goods on the domestic market. "In the trading network is a lot of imports, without which it is possible to do. This, for example, mineral water, soft drinks, mayonnaise, margarine and other" - said the official. All of these products, as noted Sventitsky, in sufficient quantities are produced in Belarus.
Recall that to limit the spread of the imported goods (and, consequently, increase the share of domestic production), the Belarusian authorities are trying to start with the 2000-ies. One of the most recent step was the establishment of the list of goods, import of which the Ministry of Trade considers "unreasonable." In the list, how to write "Nezavisimaya Gazeta, included, inter alia, yoghurt, cheese, curd, sweets, pasta, ravioli, mayonnaise, ice cream and beer, as well as bicycles, televisions, watches and furniture.
The Ministry stated that the formal ban on the importation of these products it is not. However, local officials have been instructed to review the lease of storage facilities to companies engaged in "unreasonable import. Ministry of Economy, in turn, proposes to raise customs duties on a range of consumer goods (what specifically, have not yet installed). At the same time for Russian products, according to the "Charter'97, officials will still make an exception.
With regard to the economic crisis, the Belarusian producers become harder to realize their products. The volume of production, which is in warehouses continue to grow. According to the FMSA, as of 1 March 2009 the ratio of stocks of finished products and the average output in the actual prices were 91.3 per cent. On March 1, 2008; the figure was only 52 per cent. Recently, Belarusian media reported that some enterprises have been paid to issue products - tinned meat and onion.
Note that the President of Belarus Alexander Lukashenko has repeatedly criticized the producers of low quality products. In 2007, for example, he stated that he was "scared to look at products of the Belarusian light industry.
G20 asked to establish a new fund totaling $ 100 billion.
SyuzhetyAprelskoe meeting G2026.03.2009 "Big Twenty" will not seriously discuss the introduction of a new world valyutyVelikobritaniya and Brazil have agreed that during the summit of G20 ( "Big twenty") asked the major nations of the world to establish a new fund totaling $ 100 billion, which would help the development of world trade. Reported AFP.
Several hours earlier, Russian news agencies reported that British Prime Minister Gordon Brown discussed the upcoming G20 summit with President of Russia Dmitry Medvedev. According to official figures, the parties came to the position of Great Britain and Russia are very similar, but specific proposals for the negotiations has not been announced.
Earlier, several countries have submitted their plans to reform the global financial system. In particular, Russia and China proposed to discuss the possibility of creating a supranational currency, which decreases the dependence of the economy on the dollar. In the U.S., with this idea is not accepted, but Gordon Brown has already stated that this issue is unlikely to be widely discussed at the summit of the Greater twenty.
World trade has been affected by the global financial crisis. According to the World Trade Organization (WTO) ruling in March, 2009, global turnover decline by nine percent. Earlier in the WTO The volume of trade fell to just 2.8 percent.
At the summit of the Greater twenty in the UK's largest chapter of the world will discuss the impact of the global financial crisis, and ways out of it. The summit will be held in Britain in early April.
Several hours earlier, Russian news agencies reported that British Prime Minister Gordon Brown discussed the upcoming G20 summit with President of Russia Dmitry Medvedev. According to official figures, the parties came to the position of Great Britain and Russia are very similar, but specific proposals for the negotiations has not been announced.
Earlier, several countries have submitted their plans to reform the global financial system. In particular, Russia and China proposed to discuss the possibility of creating a supranational currency, which decreases the dependence of the economy on the dollar. In the U.S., with this idea is not accepted, but Gordon Brown has already stated that this issue is unlikely to be widely discussed at the summit of the Greater twenty.
World trade has been affected by the global financial crisis. According to the World Trade Organization (WTO) ruling in March, 2009, global turnover decline by nine percent. Earlier in the WTO The volume of trade fell to just 2.8 percent.
At the summit of the Greater twenty in the UK's largest chapter of the world will discuss the impact of the global financial crisis, and ways out of it. The summit will be held in Britain in early April.
Thursday, March 26, 2009
Putin asked not to make the privatization sale.
Prime Minister Vladimir Putin of Russia has requested not to allow in the privatization sale of the assets of inadequately low prices, even taking into account the global financial crisis. That was reported by RIA Novosti. According to Putin, if the price is clearly underestimated, then the state property should not be sold.
 According to a government plan to privatize in 2008, was completed only on 60 per cent. Of the planned transition to a federal budget of 12 billion rubles from the sale of privatized assets amounted to 7.19 billion rubles.
According to the Russian prime minister, the financial crisis has affected the privatization program, but only partially. "This result can not be completely written off in the only external circumstances, especially as the backlog has occurred not only in the last year, but in 2005-2007, when market conditions were very favorable," - Putin added. He has already instructed the Ministry to fundamentally change the program of privatization.
Remember, at the end of December 2008 the head of Rosimuschestva Yuri Petrov said that the agency cease to hold a public sale of state assets through privatization because of the crisis. Because he had fallen sharply the demand for state property.
 According to a government plan to privatize in 2008, was completed only on 60 per cent. Of the planned transition to a federal budget of 12 billion rubles from the sale of privatized assets amounted to 7.19 billion rubles.
According to the Russian prime minister, the financial crisis has affected the privatization program, but only partially. "This result can not be completely written off in the only external circumstances, especially as the backlog has occurred not only in the last year, but in 2005-2007, when market conditions were very favorable," - Putin added. He has already instructed the Ministry to fundamentally change the program of privatization.
Remember, at the end of December 2008 the head of Rosimuschestva Yuri Petrov said that the agency cease to hold a public sale of state assets through privatization because of the crisis. Because he had fallen sharply the demand for state property.
The Russians agreed cost-cutting budget.
SyuzhetyIzmeneniya in the budget for 2009-2011 gody26.03.2009Pravitelstvo decided to sequester the budget in 2010 and 2011 godahKommentarii (Anti) byudzhet20.03.2009Vpervye crisis in eight years the Russian government approved a deficit byudzhetEkonomika dual dnom23.03.2009Pravitelstvo hurried to "withdraw" from Russia krizisaV budget for the 2009-2011 year in the first place should be reduced costs to the government, believe 64 per cent of respondents surveyed the All-Russian Center for the Study of Public Opinion (VTsIOM). 15 per cent of respondents suggested reducing funding for culture, film and media, while 10 percent expressed the need to reduce the cost of housing and communal services.
Most others on the need for budget sekvestirovaniya say residents of Moscow and St. Petersburg, Russia over 35 years, and respondents with low financial situation. The proportion of respondents was 76, 66 and 68 percent respectively. Russians aged 25 to 34 years with a high financial situation often express the need to reduce the financing of culture and cinematography.
According to VTsIOM poll, 44 percent of Russians believe that sekvestirovaniya necessary to protect spending on health and sports. Another 30 percent are confident that the financing of social policy should not be reduced. 24 and 21 per cent of respondents suggested not to reduce spending budget to science and education, as well as housing and communal services. Less total respondents were in favor of non-reducing investments in the environment. The statement was made only six percent of those surveyed.
Earlier March 26, 2009 it became known that the government of Russia intends to third sekvestirovat expenditure budget in 2010-2011. With such a proposal, supported by Prime Minister Vladimir Putin, the Ministry of Finance of Russia. The revised budget for 2009, Government expenditure on sekvestirovalo. Instead, costs have been increased from 9 to 9.6 trillion rubles, while revenues decreased from 10.9 to 6.7 trillion rubles.
Most others on the need for budget sekvestirovaniya say residents of Moscow and St. Petersburg, Russia over 35 years, and respondents with low financial situation. The proportion of respondents was 76, 66 and 68 percent respectively. Russians aged 25 to 34 years with a high financial situation often express the need to reduce the financing of culture and cinematography.
According to VTsIOM poll, 44 percent of Russians believe that sekvestirovaniya necessary to protect spending on health and sports. Another 30 percent are confident that the financing of social policy should not be reduced. 24 and 21 per cent of respondents suggested not to reduce spending budget to science and education, as well as housing and communal services. Less total respondents were in favor of non-reducing investments in the environment. The statement was made only six percent of those surveyed.
Earlier March 26, 2009 it became known that the government of Russia intends to third sekvestirovat expenditure budget in 2010-2011. With such a proposal, supported by Prime Minister Vladimir Putin, the Ministry of Finance of Russia. The revised budget for 2009, Government expenditure on sekvestirovalo. Instead, costs have been increased from 9 to 9.6 trillion rubles, while revenues decreased from 10.9 to 6.7 trillion rubles.
Reserves Russia has increased by nine billion dollars per week.
The volume of international reserves of Russia for a week from 14 to 20 March rose to 9.2 billion dollars to 385.3 billion dollars. This is stated in the official press release of the Central Bank.
Recall that in early 2009, the reserves of Russia is 426 billion dollars, and in August 2008 - almost 600 billion. Monetary authorities had to spend a significant part in maintaining the currency exchange rate in a devaluation. Since February, a sharp outflow of international reserves has ceased, as the devaluation of the ruble over.
In the first two weeks of March, Russia reserves slightly decreased: at the end of February compared with 384.3 billion dollars, and March 13 - 376.1 billion dollars.
Rather, as soon as possible reserves of Russia will be reduced because the Government will send the budget from the Contingency Fund. This is necessary to cover the budget deficit.
On the other hand, investors in the markets in March actively bought up rubles, which is why the Central Bank had to buy the currency at the exchange. According to the First Deputy Chairman of the Central Bank Alexey Ulyukaeva, the March monetary authorities purchased on the market five billion dollars. Words Ulyukaeva RIA News.
Recall that in early 2009, the reserves of Russia is 426 billion dollars, and in August 2008 - almost 600 billion. Monetary authorities had to spend a significant part in maintaining the currency exchange rate in a devaluation. Since February, a sharp outflow of international reserves has ceased, as the devaluation of the ruble over.
In the first two weeks of March, Russia reserves slightly decreased: at the end of February compared with 384.3 billion dollars, and March 13 - 376.1 billion dollars.
Rather, as soon as possible reserves of Russia will be reduced because the Government will send the budget from the Contingency Fund. This is necessary to cover the budget deficit.
On the other hand, investors in the markets in March actively bought up rubles, which is why the Central Bank had to buy the currency at the exchange. According to the First Deputy Chairman of the Central Bank Alexey Ulyukaeva, the March monetary authorities purchased on the market five billion dollars. Words Ulyukaeva RIA News.
Ministry of selected fields for the reserve fund.
The Ministry of Energy of Russia prepared for transfer to the government documents that describe the criteria for the selection of oil and gas fields in creating a reserve fund. This writes the newspaper Kommersant. Under these criteria fall deposits, oil reserves exceeding 30 million tons and natural gas - 50 billion cubic meters.
According to the newspaper, suggested in documents the parameters agreed by the Deputy Prime Minister Igor Sechin, which covers the government's fuel and energy complex. According to preliminary data, the list got about a dozen major oil sites in the unallocated fund. These include field name and the name Trebsa Titova in the Nenets Autonomous District. These deposits belong to the category of policy, and their proven oil reserves exceeding 230 million tons.
Creating a reserve fund deposits maintained in 2008, when, in April were amended accordingly to the law "On Subsoil". According to the document, the fund is created to meet the needs of Russia's strategic and scarce types of minerals in the future. This deposit made to the fund can not be provided to companies for use until their out of the reserve fund does not exclude.
At the end of 2008, Accounting Chamber of Russia announced that there were no clear strategy for creating a federal fund reserve of hydrocarbon deposits. The Government of Russia does not have as accurate information on the composition and amount of property goskazny, including strategic reserves. In particular, goskazne is only 3,1 per cent of total oil reserves of the country, and deposits undistributed fund is about 22 percent of the total.
According to the newspaper, suggested in documents the parameters agreed by the Deputy Prime Minister Igor Sechin, which covers the government's fuel and energy complex. According to preliminary data, the list got about a dozen major oil sites in the unallocated fund. These include field name and the name Trebsa Titova in the Nenets Autonomous District. These deposits belong to the category of policy, and their proven oil reserves exceeding 230 million tons.
Creating a reserve fund deposits maintained in 2008, when, in April were amended accordingly to the law "On Subsoil". According to the document, the fund is created to meet the needs of Russia's strategic and scarce types of minerals in the future. This deposit made to the fund can not be provided to companies for use until their out of the reserve fund does not exclude.
At the end of 2008, Accounting Chamber of Russia announced that there were no clear strategy for creating a federal fund reserve of hydrocarbon deposits. The Government of Russia does not have as accurate information on the composition and amount of property goskazny, including strategic reserves. In particular, goskazne is only 3,1 per cent of total oil reserves of the country, and deposits undistributed fund is about 22 percent of the total.
The Government of Russia decided to sequester the budget in 2010 and 2011.
SyuzhetyIzmeneniya in the budget for 2009-2011 gody25.03.2009Gosduma authorized the government to take short byudzhetKommentarii (Anti) byudzhet20.03.2009Vpervye crisis in eight years the Russian government approved a deficit byudzhetEkonomika dual dnom23. 03.2009Pravitelstvo hurried to "withdraw" from Russia krizisaPravitelstvo Russia intends to third sekvestirovat spending budget in 2010 and 2011, writes the newspaper Kommersant. Proposal by the Ministry of Finance to reduce costs has supported Prime Minister Vladimir Putin.
Recall that in 2009, when reviewing the budget, government spending has not sequestration. Conversely, reducing the income from 10.9 to 6.7 trillion rubles, the cost has risen from 9 trillion to 9.6 trillion rubles. As a result, the budget deficit-2009, for the first time in eight years, will be 7.4 percent of GDP (nearly three trillion rubles). Cover it planned from the contingency fund, which on March 1, was 4.87 trillion rubles. This year, the Government plans to spend from the fund for that purpose, some 2.7 trillion rubles, ie 55 per cent from the current level of the Reserve Fund.
In 2010, the old version of the Budget, Ministry of Finance planned to income at the level of 11.7 trillion rubles, expenses - 10.3 trillion rubles. These figures will be revised shortly. Will the offset sequestration of gosfondov or not, so far unknown. Vladimir Putin the previous day said that the Government can not overestimate expenditure, "if no income", as Finance Minister Alexei Kudrin said that afford crisis measures "Russia can only be for one year."
Recall that the Russian government on 19 March approved the amended draft budget for 2009 and plans to make it to the State Duma in the near future.
According to the Ministry of Finance in 2010 and 2011 budget deficit will also be - 5 and 3 percent respectively.
Recall that in 2009, when reviewing the budget, government spending has not sequestration. Conversely, reducing the income from 10.9 to 6.7 trillion rubles, the cost has risen from 9 trillion to 9.6 trillion rubles. As a result, the budget deficit-2009, for the first time in eight years, will be 7.4 percent of GDP (nearly three trillion rubles). Cover it planned from the contingency fund, which on March 1, was 4.87 trillion rubles. This year, the Government plans to spend from the fund for that purpose, some 2.7 trillion rubles, ie 55 per cent from the current level of the Reserve Fund.
In 2010, the old version of the Budget, Ministry of Finance planned to income at the level of 11.7 trillion rubles, expenses - 10.3 trillion rubles. These figures will be revised shortly. Will the offset sequestration of gosfondov or not, so far unknown. Vladimir Putin the previous day said that the Government can not overestimate expenditure, "if no income", as Finance Minister Alexei Kudrin said that afford crisis measures "Russia can only be for one year."
Recall that the Russian government on 19 March approved the amended draft budget for 2009 and plans to make it to the State Duma in the near future.
According to the Ministry of Finance in 2010 and 2011 budget deficit will also be - 5 and 3 percent respectively.
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