Ukrainian Credit

Terms that can be used on the site

Kolizey — Mon, 21 Feb 2011 11:49:00 GMT

Car Loan - type of lending provided by the borrower to purchase a vehicle with a deferred payment. Car loans can be obtained directly in the showroom, where you can select a car and a bank or directly at the bank, which can be time-consuming, but you'll just cooperate with the bank, which was chosen in advance. When you make a car loan should pay attention to the possibility of early repayment without penalties, the possibility of financing with no down payment, the reliability of the insurance companies (banks, usually working with several companies), tariff rates insurance companies on the hull, and partial hull. In the medium term car loan - 3 years. The longer the loan - the smaller will be the monthly payments on it, but most of the total sum price of goods (overpayment). Also accompanied by high rates of auto loans used cars. One of the prerequisites autocredit yavlyaetsya comprehensive car insurance and in some cases, and life insurance.

Car loans - the kind credit provided by the borrower to purchase a vehicle with a deferred payment. Car loans can be obtained directly in the showroom, where you can select a car and a bank or directly at the bank, which can be time-consuming, but you'll just cooperate with the bank, which was chosen in advance. When you make a car loan should pay attention to the possibility of early repayment without penalties, the possibility of financing with no down payment, the reliability of the insurance companies (banks, usually working with several companies), tariff rates insurance companies on the hull, and partial hull. In the medium term car loan - 3 years. The longer the loan - the smaller will be the monthly payments on it, but most of the total sum price of goods (overpayment). Also accompanied by high rates of auto loans used cars. One of the prerequisites for car loans yavlyaetsya comprehensive car insurance and in some cases, and life insurance.

Annuity - a program of repayment of credit indebtedness equal installments. In the case of annuity payments each month is paid equal to the largest sum that includes as part of the principal and interest accrued on the balance. Such a method of debt repayment is characterized primarily for mortgage lending and is due to the convenience of the loan to the borrower.

Base interest rate - the lowest interest rate on loans to commercial banks provide a large reliable companies and credit-worthy customers, this rate is generally lower interest rates on other types of loans.

The Banking Commission - the amount the bank collects from the customer's account for certain transactions such as account maintenance, cash withdrawal with credit card or check processing credit agreement.

Revolving credit is of - allows a customer as repayment of the loan or part of it again to get a loan within the agreed limit.

Loan - a contract in which one party (lender) transfers to another party (the borrower) to the ownership or control of money or goods, and the borrower, in turn, obliged to repay them in full and within the contractual period.

Collateral - some tangible assets that the borrower passes the lender as a guarantee of its debt obligations.

The collateral value - market value of the property providing credit. Often it affects the maximum loan amount.

Mortgage - most banks, the term "mortgage" are referring to a service credit purchase the property at which acquired or already owned by the borrower's property acts pledge.

Mortgage secondary - second mortgage - a new loan is allocated under the already established property, but the amount of both loans should not exceed 75-80% of the value of the property collateral and the bank issued a second loan to become a creditor of the second stage.

Primary mortgage - the kind of mortgage, which is created on the basis of previously mortgaged property. Banks often limit the mortgage amount not exceeding 75% of the value of collateral.

Mortgage loan - a service credit purchase the property at which acquired or already owned by the borrower's property acts pledge.

The classical scheme of repayment - loan repayment, in which the principal amount of the loan is paid equal to the proportion of Mi, and the interest payable on the balance of the loan amount, reducing the final price of goods (the overpayment on the loan), but complicates budget planning due to different amounts of monthly payments .

Коллекторская компания - компания, которая занимается взиманием долгов с заемщиков, которые не платят в установленные кредитным соглашением сроки. Collection company - a company that collects the debts from borrowers who do not pay within the credit agreement terms.

Loan - a loan of money or other form subject to repayment within a specified period of the loan agreement with interest payments.

Cash loan - it's untied loan that is issued by the simplified scheme does not require collateral and guarantors. The Bank does not require information on the intended use of borrowed money, and usually the loan is issued within a few hours, but the amount of such credit is usually not great, and the interest rate and monthly bank fee high enough compared with other types of credit may also apply monthly fee for servicing the loan and for his one-time provision.

Credit Card - a plastic card which allows to make payments for goods and services, receive cash, as well as take a bank loan for Short-pre-specified amount in a predetermined period of time.

Line of credit - kind of loan, which involves a phased use of credits within the specified limit.

Mortgage broker - intermediary between the prospective borrower and the bank, whose duties include the analysis of needs and financial possibilities, the client on the basis of which he selects the most profitable for the customer credit conditions in the market among banks.

MORTGAGES - specialist lending book, which clarifies the circumstances of the loan, conducts initial assessment of credit risk, examines the information about income and business potential borrower, as well as oversees the customer to complete the transaction. It is very important for a successful business deal to provide all requested by info in an accessible and transparent manner.

Credit limit - it is "overdraft" - the amount, within which the Bank will conduct operations from customer accounts with no funds for it.

Credit risk - the risk of default, non-payment of funds under the terms of the agreement by the borrower, leading to financial losses for the lender.

Credit Union - a nonprofit public organization, created to the interaction of its members through the use of cash deposits made by them is borrow from the credit union may only one of its members, so in order to use the services of a credit union you need to become a member.

Accrual of interest on the balance - see the classical scheme of repayment.

Untied loan - a loan provided by the borrower without giving them the purpose of receiving such a loan.

Nominal interest rate - the interest rate without adjusting for inflation.

Overdraft - see the Credit Limit

Penalty - a certain amount of money that is payable in case of delayed payments.

Down payment - part of the value of the property, which must be the borrower for the loan.

Floating interest rate - the interest rate, which applies only to long-term loans, which size is not specified on the entire loan term and reviewed after the stipulated period of time.

Consumer credit - short term loans to the population, for the purchase of various consumer goods and services, as well as payment of expenses of a personal nature.

Simple interest rate - the interest rate that applies to the loan amount throughout the loan.

Interest rate - charges the borrower for the use of funds as a percentage of the loan amount at the rate for a certain period of time.

Syndicated loan - a loan provided by several lenders to one borrower by pooling creditor participants.

Skorring - assessing the creditworthiness of potential borrowers, which is based on the method of mathematical analysis.

Individual - a term used in civil law to designate a person as a participant of legal relations.

DUI Lawyer Torrance

Kolizey — Sat, 19 Feb 2011 11:11:36 GMT

Being charged with a DUI in Torrance is a frightening experience. You need to know your rights under the California law and act to protect them immediately- before memories fade, DUI evidence is lost, or witnesses disappear. Do not wait to get assistance. The longer your DUI defense attorney has before trial, the stronger your defense can be. That includes having a criminal DUI lawyer that is experienced and dedicated to seeking justice for people who are charged with a crime. Whether you’ve been accused of driving drunk (DUI, DWI), assault, battery, theft, burglary, rape, sexual assault, or any sort of drug crime (possession, intent to distribute, or intent to manufacture of heroin, crystal meth (methamphetamine), cocaine, marijuana, or other controlled substances), or any kind of felony or misdemeanor, you need your criminal defense lawyer at your side.

Why hire a criminal defense lawyer for a DUI?
Is there a warrant out for your arrest? Is it an arrest warrant or a bench warrant? Can you get out of jail on bond? How do you get a bail bond? How much does bond have to be? Do you want a jury trial? Should you negotiate a plea bargain? What about your past criminal record? What if you weren’t alone? Does it matter if you are facing criminal charges in state or federal court? How much does a criminal defense lawyer cost? Will you lose your driver’s license (or child or car or gun)? An experienced criminal defense attorney can answer all these questions for you, and help you decide what is best for your case.

Choosing The Best DUI Lawyer For Your Case
Anyone facing an allegation that they have violated California state or federal DUI law needs a strong and knowledgeable DUI defense attorney they can respect and trust. Money, jailtime, and even someone’s life may be on the line and a DUI lawyer has to be trusted to fight hard for his client’s best interests.

The best lawyers you can find have dedicated their lives to helping people who are facing DUI authorities in arrests, allegations, investigations, trials, or appeals.

Before deciding on the right criminal defense lawyer for your case, you should talk with the attorney and get a feel for how you will work together. There’s no bond like that between a DUI defense lawyer and his client, and deciding who to hire as your criminal defense attorney may be the most important decision of your life.

Student Loan Consolidation

Kolizey — Sat, 19 Feb 2011 11:00:31 GMT

Student loan consolidation is a practical repayment tool that combines your student loans into one master loan, significantly reducing your monthly payment (up to 50% in some cases!).

Federal Loan Consolidation

Consolidating your federal student loans can reduce your monthly payment. You can e-Sign your application online and be finished in minutes.

Private Loan Consolidation

Some private student loan program offers interest rate reductions for on-time and automatic payments and there are no pre-payment penalties.

How much can you save each month?

If you consolidate student loans right now, you could save hundreds of dollars a month. Here's a quick chart showing how much you could save on your monthly payments:

Total Loans	Current Payment	After Consolidation	Monthly Savings
$30,000.00	$345.24	$229.00	$116.24!
$40,000.00	$460.32	$277.63	$182.69!
$50,000.00	$575.40	$347.04	$228.37!
$75,000.00	$863.10	$488.94	$374.16!
$100,000.00	$1,150.80	$651.93	$498.88!
Consolidate Your Student Loans!

Savings shown are based on the current Stafford Loan interest rate of 6.8%; borrowers in grace periods, with student loans other than Stafford (i.e. PLUS or Perkins loans), or with Stafford Loans older than July 1, 1998, will have different interest rates.

Student Loan Consolidation Blog

Most popular student loans for college

- Not everyone is aware of all the loan options available to pay for college. For an overview of federal and private sources of credit used to pay for college, v...

It’s July 23rd, Do you know where your loans are?

- Did you know that because nearly all private student loans have variable APRs, your interest rate could have changed several times in the past 2 years?

DUI Lawyer, Newport Beach?

Kolizey — Sat, 19 Feb 2011 10:44:40 GMT

According to some recent research I have carried out "DUI lawyer Newport beach" is the hottest paying keyword as of the end of January 2008. This was interesting for two reasons. While I knew what a lawyer or attorney was and is I had no idea what DUI was or why it was such an issue at the beach of Newport.

I was about to find out. It seems that DUI is what we call drink driving in the UK or Driving Under the Influence. It does not take a genius to guess that Newport beach is the place where most people pay the most money to deal with such charges.

That "DUI lawyer Newport beach" is the top best paying keyword at the moment says a lot. Most of it not so good.

A little more research shows me that Newport Beach is a city in California and that it has a total customer base of 84,218 people (2007). Maybe all this drinking is because Nicolas Cage lives there because there is nothing that indicates such a massive surge in click prices. The only answer must be two or more highly competitive keyword bidders doing very well from it all.

Is there something about this part of Newport that lends itself to drinks cars and policemen? I don't know. What it means to us bloggers is a lot of cash being given out for a single topic.

Sadly, unless you live in Newport or the Newport area writing about DUI lawyers really is not going to help you too much. Perhaps "dui lawyer torrance" might serve you better although how you get that into a normal article is beyond me. It pays almost as well as the first keyword, apparently with "dui lawyer seattle" and "seattle dui lawyer" trailing somewhat.

It almost makes me want to start a blawg (law blog) or general DUI USA blog but for one small thing - it is a dull and boring topic. Let's be honest, it is not that interesting. Unless you happen to have gotten a fine and ban for your party lifestyle.

Who and on what terms loans purchase apartments from developers

Kolizey — Sun, 13 Feb 2011 12:27:48 GMT

What really cost loans, "a primary and dangerous than the joint programs of banks and property developers have found out" Money "

The number of banks that lend to "a primary, is growing every day. "If, in early 2010, real estate is not the primary market lend only about 5 - 6 banks, today it has about 19 financial institutions from the top 50 in terms of assets, "- an optimistic assessment of the situation a senior expert of the market analysts of UkrSibbank Yuri Rudenko.

However, to get credit individual borrowers are still very, very difficult. "I fundamentally do not want to take an apartment on the secondary market and decided to buy a house , which is being completed. And although the full cost of missing just 30 - 40%, Bank muryzhil "my documents for almost 2 months, and then told that the facility construction and builder - doubtful, so I will not give credit "- share your story frustrated borrower Anton.

"Money" decided to look into the conditions under which you can still get a mortgage loan to "a primary," and that it needs to be done.

That lend
For a start look at what is bank loans. Most of the lenders under the primary means of real estate only objects that are either commissioned or built on 80 - 90%. And this, of course, gives a bank guarantee that it will finance the purchase of a real apartment, not a "paper" square meters.

However, some borrowers are still willing to take risks and buy houses at the construction stage, when it stands at 30 - 50% cheaper completed. And they do not like so rigid requirements for banks. Another problem: often the bank agrees to work only with specific developers and housing lending, which at best is in the capital and regional centers, and at worst - only in Kiev and Kiev region. The logic is simple: such housing is completely liquid, and bail can be pretty easy to sell if the borrower can not repay the loan.

If the future homeowner really wants to buy an apartment solely on the construction phase and in the house, which he chose on their own, such a loan will provide, not every bank. Often, rates will be higher - almost 10 - 12 percentage points.

That is now a de facto situation is that wanting to buy real estate loan must choose first the banks with normal mortgage, and then - an apartment from among those approved by that someone from among the creditors.

The advantage of only one thing: lower interest rate - from 14% per annum. This loan is usually cheaper than buying an apartment in the secondary market. The reason for the unprecedented generosity of the banks that they are also usually finance and real estate developer. And it is important that built the apartments were sold .

Price of credit
However, not all banks' rates on lending, "the primary" are already on the pre-crisis level. As mentioned, the cheapest loans for new housing banks offering to buy apartments from their partners' developers. In this case, the loan may take 14 - 17% pa in UAH . If borrowing for housing with the "free market" rates as high as 20 - 30% per annum. Initial payment for loans from most banks will start from 30 - 50% of the cost of housing. In the end, more expensive apartment for 5 years can reach 30 - 70%, for 10 years - 60 - 150% (depending on the rates and repayment schemes).

Despite the fact that a moratorium on the issuance of foreign currency loans have already expired, the banks are in no hurry to lend in dollars and euros. At least among the 30 largest banks, only one ("Savings Bank of Russia) Real estate loans in foreign currency, and then only in Russian rubles at 14,5% per annum. ""Claims by borrowers who challenged the previously issued loans - a thousand. Therefore, banks are not interested in granting loans in foreign currency", - said, "Money," a source in the NBU.

Over time, rates of hryvnia loans will be reduced, but to count on borrowers who want to buy an apartment right now? Is that on floating interest rates. Such loans are already offered a considerable number of banks. But the "floating" means not only the possibility of lowering rates, but also the risk of their growth. But while the floating rate is still lower than a fixed 3 - 5 percentage points

Also note that the borrower incurs additional costs which are from bank to bank, in principle, little change: insurance collateral (0,25 - 0, 3% of the price per year), the borrower's life or accident insurance (0,4 - 0,6% of loan amount per year), as well as legal costs amounting to 0.1% and the pension fund - 1% of the cost of housing. Would also have to pay 1 - 2 thous. the notary and pay a one-time commission to the bank - 1 - 5%.

Should I take
Calculated as "Money", to get a loan for an apartment worth the equivalent of 80 thousand dollars in 5 - 10 years on average, one must possess the "seed capital" of at least 25 - 35 thousand dollars. The money will be for an initial fee and expenses associated with registration. "In this income (official - Auth.) Family of the potential borrower must be at least 15 - 20 ths. a month, "- assesses the chairman Energobank Helen Malin.

In that case, if the property value is 140 - 160 thousand USD, and the term of the loan reaches 10 - 15 years, the borrower will have to be reserved initially a sum of 50 - 60 thousand $ and earning per month for at least 30 - 40 ths. Of course, officially, "gray" income bankers are not interested.

If earnings are not enough, the bank may require a guarantor, and even additional collateral. Moreover, often the requirement to provide security in another property for those cases where the borrower chooses the property, which is still under construction.

In general, to take such a costly loan costs only if the object of construction are completely satisfied and still have the ability to quickly pay off the debt (for example, 2 - 3 years). In all other cases, the overpayment is too large, as well as the chance to buy a home is very questionable quality, which may or may not be delivered on time.

What are the characteristics of loans on real estate in the primary market?

· Credits are only about 20 banks.

· Low rates - from 14-15% - only for affiliate programs of banks and property developers.

· Limited choice of real estate.

· Loans only those homes that have completed at least 80-90%.

· Demand additional collateral if the borrower chooses the property.

What will it cost credit to the "primary"?

- Contributions - 30-50%.

- Real interest rate - around 20-23% per annum.

- Term loan - up to 15-20 years.

- The total overpayment to bank - up to 100-300%

On what terms the banks lend to new home?

Manager of Google: The Egyptian revolution began to Facebook

Kolizey — Sun, 13 Feb 2011 12:05:59 GMT

Regional Marketing Manager for the Middle East by Google Wael persecuted, said that the revolution in Egypt, was accomplished through social networking site Facebook.

"The revolution has begun online. This revolution began in Facebook", - he said in an interview with U.S. television channel CNN.

Wael persecuted was one of the main organizers of the first protest, about which he informed them through the established community in Facebook.

Гоним, уроженец Каира, работал в дубайском офисе Google с 2008 года. Persecuted, a native of Cairo, he worked in the Dubai office of Google since 2008. Since the beginning of the riots in Egypt, the opposition-leaning executive at Google has decided to return home to personally support the protesters, but he was detained by Egyptian authorities and is in custody for 12 days.

Meanwhile, in a network through which heard appeals against the government, including hundreds of thousands of users. Subsequently, the authorities banned the Egyptians access to Facebook, microblogging Twitter, and later was totally disabled access to the Internet. Despite this Twitter and Facebook users have found workarounds for the continuation of electronic communication, unless access was not restored.

Responding to a question broadcaster which country the next will follow the example of Tunisia and Egypt, chased replied: "Ask Facebook".

"I've always said - added persecuted - that if you want to give freedom to people, just give them the Internet."

In Egypt, on Jan. 25 began anti-government protests grew into riots. Killed at least 300 people, about 5,000 were injured. Egyptian President Hosni Mubarak, who ruled the largest Arab country by population in 1981, on Friday night after many days of mass protests, resigned, handing the reins of the Supreme Council of the armed forces. To overthrow the Mubarak regime Egyptians took 18 days.

Yanukovych's son took the financial aid

Kolizey — Sun, 13 Feb 2011 11:55:42 GMT

Son of President Viktor Yanukovych has not refused financial aid from the budget of $ 34 thousand hryvnia.

This is evidenced by his declaration in 2009, provided Yanukovych "Ukrainian Truth".

Thus, according to the document, in 2009 he received 928 hryvnia dividends 182,000 hryvnia salaries of MP and 34 thousand financial aid from the state.

Yanukovych's wife earned 9,000 hryvnia for 2009.

Owned by Yanukovych, Jr. is the flat area of 380 square meters, as well as residential building area of 510 square meters.

At the same time, according to the declaration, Mr Yanukovich no savings.

The new Tax Code has beaten off the desire for people to start business in Ukraine

Kolizey — Sun, 13 Feb 2011 11:49:25 GMT

According to statistics compiled by the MTS-Consulting, the number of applicants registered as business entities in Ukraine has decreased by almost 60%. Such data shared with reporters, Alexander Minin, a leading company lawyer.
Number of registrations of legal persons also decreased. The fact that the VAT entity can be only after the "achievements" required minimum of 2,330 hryvnia. This news, according to Minin, discourages register a company with many customers and they will postpone their decision until better times.
On the other hand has increased the number of people liquidate their businesses. Entrepreneurs are not enthusiastic about the new rules regarding the payment of the single tax. Many of them see no point in continuing the business and self-destruct. According to the statistics for the last month the number of customers of companies engaged in the liquidation of enterprises has increased by 20%.
It is hoped that the Tax Code will be made positive changes for the first quarter of 2011, as promised by the Cabinet. Otherwise, small business development in Ukraine may come to standstill.

The IMF surprised by the recovery of world economy

Kolizey — Sun, 13 Feb 2011 11:41:34 GMT

Speaking at a seminar held in Washington DC and dedicated to finding ways to stabilize the world economy, Dominique Strauss-Kahn said that the recovery of world economy in the form in which it exists now, is not that what the IMF in its imagined.
According to IMF Managing Director, the recovery is very fragile and uneven. The main problem amid growing performance remains a constant level of unemployment in many countries. This is especially noticeable in the U.S.. If you continue to ignore this problem, it can turn into a new crisis, whose consequences are difficult to predict.
Strauss-Kahn said the return of imbalances in the global economy, such as currency fluctuations, often caused artificially. Once again, noted the need to revise the list of the world's reserve currency.
Dominique Strauss-Kahn reminded the participants that at this stage of the global financial crisis is particularly important is international cooperation, without which most efforts may be wasted.

U.S. Credibility is questioned

Kolizey — Wed, 02 Feb 2011 22:41:18 GMT

The United States may be deprived of being awarded the credit rating of "AAA." If the growth of public debt will not be stopped, the rating would be downgraded.
Standard & Poor's и Moody's The Wal Street Journal. This decision was announced by representatives of international rating agencies Standard & Poor's and Moody's in an interview The Wal Street Journal.
Specialists of rating agencies noted that while prospects for sovereign debt of the United States are assessed as stable. But if nothing is done to improve the situation, the forecasts may be changed to negative.
Leadership of the United States said in their report that the economy is emerging from crisis. But international experts are watching the growth of employment in the country. This is a wake-up call because it can negate all government efforts to stabilize the economy in the U.S..
Against this background of problems and the intention of Congress to raise the ceiling for possible public debt, the United States of America may well lose its highest credit rating in the next couple of years. Now the size of U.S. government debt under the law can not exceed 14.3 trillion dollars.

Ukraine downgraded the quality of life

Kolizey — Wed, 02 Feb 2011 22:35:12 GMT

Irish International Living magazine is published annually ranks countries based on the quality of life of citizens. The overall assessment is influenced by factors such as cultural development, cost of living, ecology, quality health care, respect for civil liberties and security of life in the country.
A year ago, Ukraine took this 68 place ranking. Now rating dropped to 73 seats. Nearby is sadly popular in the last days of Tunisia. This country has 77 seats.
The drafters of the rating are confident that Ukraine's economy is deteriorating and can not be restored as assures us the government officials. International experts believe that Ukraine is in the top three among the countries with the worst financial situation.
However, something that this country is still at a fairly high level. For example, Russia in this ranking for the violation of human rights and freedoms conferred 118 location, close to countries such as Somalia, Angola, Chad, Sudan and Yemen.
Rankings this year were the United States. ВTotal score of quality of life was conducted in 192 countries.

Corruption in Ukraine is shocking even Africans

Kolizey — Wed, 02 Feb 2011 22:29:27 GMT

Liberian Mission to the International Maritime Association complained to the Ministry of Foreign Affairs of Ukraine at a high level of corruption and tyranny among the officials of the Ukrainian ports.
Lisbon Trader, Cause of complaint was the incident with the Liberian vessel Lisbon Trader, that went into the port of Nicholas on Dec. 13, 2010. As stated by the captain of the vessel, in addition to the mandatory port fees for the ship's officials unlawfully sought another 3,650 U.S. dollars. Captain stated that the money needed to simplify the process of operations with sewage and ballast water and not to conduct their laboratory analysis, due to which the ship may be delayed in port for several days.
The amount also included a "service" out of state inspection of the vessel, which could serve the cause of the crack on the trigger lifeboat.
It should be noted that this is not the first appeal to the Ukrainian Foreign Ministry complained of corruption at the ports. Earlier, a similar document to the Foreign Ministry appealed Shipowners' Association of Turkey. Leading insurance companies in the world refuse to insure the risks associated with visiting Ukrainian ports of vessels.

Provisions of the Tax Code was not clear to taxpayers

Kolizey — Wed, 02 Feb 2011 22:12:53 GMT

Since the adoption by the Verkhovna Rada of the new Tax Code to the Committee on Taxation and Customs Policy at BP constantly receives letters requesting clarification of the Code and the rules of their application. In connection with these appeals was a meeting of the committee. According to committee chairman Victor Homutynnika, most complaints relate to charge VAT, tax administration, land fees and taxes on personal income. Large number of appeals also apply to the simplified taxation system.

Chairman of the Committee said that the monitoring results of the new Tax Code will be reviewed at the end of the first quarter of 2011. Then the decision will be made about the need for, or making any changes to the law.
In the Committee did not deny the need for some changes to the Code. Part of the laws have a dual interpretation that could harm the budgets of different levels. In addition, it will create a site that users can get expert help from the experts of the Committee in the mode of on-line.

Live in Ukraine becomes more expensive

Kolizey — Tue, 01 Feb 2011 10:45:54 GMT

February in Ukraine begins with reports of rise in price of electricity, communal services and motor fuel. Economists forecast a further rise in prices for food and other goods.

The main reason for the February inflation rate, independent economists call a centralized increase from February in electricity tariffs by 30 percent for households that consume in a month more than 150 kilowatt hours. And also increase water tariff by 15 percent. In Kiev and other cities is also expected to rise in price by 28,8 per cent of central heating and hot water. An increase in Russian export duties on oil could lead not only the rise in gasoline and diesel fuel, but also food and other goods.

Communal will not be better

Economist at the International Centre for Policy Studies, Alexander Acorn in an interview called February's increase in utility rates inevitable and prolonged in time "for political reasons." Because increases in the price of gas in the autumn, as recalled economist, has affected not only people but also companies Teplokommunenergo. And today, public utilities need for additional funds for their activities and have no reserves to improve public services, said Acorn.

He was confident that the Ukrainians are now "will pay more, but for services, some of the same quality" as to improve the quality of public sector resources will remain. According to him, today, the industry soon faced the problem of preservation of those services and that their quality, which are already available. Nevertheless, as calculated Acorn, the cost of utilities must not exceed 15 percent of the average Ukrainian family budget and become unbearable for the population.

Inflation trail of oil

In addition to the rise in price of utilities, Ukraine from February confronted with increasing Russian oil export duty from 317.5 to 346.6 dollars per ton. Estimated acorn, all costs associated with this measure, ultimately, again, will be charged to consumers. The first and immediate sign of this economist believes a price increase of petrol and diesel fuel at gas stations.

More remote consequence of this, as he said Acorn, will increase transportation costs of manufacturers and traders. A rise in price of transporting goods and food, in turn, lead to higher prices for them. According to estimates of economists, it usually is about a third of the amount by which the more expensive fuel.

However, Prime Minister Mykola Azarov, speaking on television, tried to refute this version, saying that "food prices are rising not because we have gasoline prices rose, while prices are rising because of growing up in the world." He recalled that in August the price of wheat on world markets was about $ 160, and today, according to Prime Minister, for about $ 360.

War duties

The majority of Ukrainian oil refineries owned by Russian companies. And they tend to get raw materials from Russia on a special contract, thus avoiding the payment of export duty. That's their advantage over the refinery, owned by Ukrainian capital and the state, as he said Acorn may not bring any profit. After all, the Ukrainian government has persistently threatened to cancel the current zero rate on import of light petroleum products and introduce import duties to "protect national producers."

On the eve of Prime Minister Azarov said that in an atmosphere of rising world oil prices exceeded $ 100 per barrel, our refiners of petroleum products face competition, which began to displace them. Premier said that the share of imported petroleum products on the Ukrainian market already accounts for 54 per cent. And if so, "Russia has imposed export duties on oil, so very quiet, very substantial fee" that "every country has the right to defend themselves."

Unlike Azarov, Deputy Director of the SEC "Psyche" Gennady Ryabtsev does not believe that 40-percent share of oil imports than any threat to national oil refiners. The halving of domestic production of gasoline in recent years, as the expert did not rule could be a response to "unprecedented benefits to market participants one at the expense of others." Earlier in the press was actively discussed the scandal around the company's "Lively", received by the courts the right to import petroleum and petroleum products without payment of excise duty and VAT and buy oil Ukrainian production in three to four times cheaper than its market price. "

For citizens of Ukraine simplified procedure for issuing visas to Germany

Kolizey — Tue, 01 Feb 2011 10:33:59 GMT

For Ukrainian citizens, who travel frequently to Germany, simplified procedure for issuing visas. Henceforth, the Ukrainians, who travel frequently, may submit the visa application in a window without the prior agreement of the date of the interview. Deutsche Welle. In addition, they do not necessarily appear for an interview in person, reports Deutsche Welle.

The innovation extends to those citizens of Ukraine, who for the past 24 months had at least two Schengen visa or annual or long-term visa and properly use them.

It is also important that the last statement to the visa applicant was a positive decision.

Next time hryvnia collapse in 2012

Kolizey — Tue, 01 Feb 2011 10:28:49 GMT

The State should refuse repayment of domestic debt, external debt, or will go on maintenance, fold reduction of the hryvnia exchange rate. About it, writes, " Ukrainian banking portal , "said ex-Minister of Economy of Ukraine Lanovyi.

According to him, government finance and monetary unit of Ukraine lacked adequate resources become available. "For the hryvnia resource is foreign exchange, and for the public finances are a resource for taxes and other payments to the budget", - said V. Lanovoy. He noted that the current situation looks like that "the government spends considerably more money through the budget."

"This year we have taken loans of 90 billion hryvnia for 9 months, and we know that in the tenth month the government took another loan of 6 billion for Naftogaz. By the way, out of the crisis associated with increased consumption of people in our reality provided by the growth in imports. That is, such insecurity costs the state income and resources can also be seen growing. Foreign exchange income from exports also lag behind the needs of imports and the government smooths out these distortions due to international and domestic loans , "- said the ex-minister .

According to V. Lanovoy all the time to live in debt and ensure that the budget only in debt - it is only a temporary stability. "But further, after a while, we can see that you can not live in debt. 2012 I think critical in this matter, because in 2011 there is the currency of the International Monetary Fund. There will be approximately 10 billion hryvnia, which will cover the deficit. But this artificial maintenance of the course will lead to the fact that next year it will fall to a much greater extent than now, when he (kurs. - Ed.) would gradually depreciate in line with trends in monetary and balance of payments ", - said the doctor of economic sciences.

"The severity of two years depending on where they want to take new loans, it firstly, and secondly - from any obligations the state would refuse. That is, the state should refuse to repay domestic debt, external debt, or else go to technical, fold reduction in rate, as it was in 2008. And it will lead to the failure of wages and salaries of citizens ", - said V. Lanovoy.

Authorities and the government will act, as will be defined in terms of the minimum political loss, he concluded.

Prices of precious metals reached a 30-year high

Kolizey — Tue, 01 Feb 2011 10:22:24 GMT

Yesterday, prices of major precious metals, on the basis of trading in the U.S., rose to new records amid concerns investors in the financial condition of some European countries. Silver has risen in price to unprecedented levels since 1980, the cost of an ounce of gold has passed for 1,4 thousand dollars. These metals became leaders in the commodity market, pulling prices for other commodities, including oil - wrote " UA-Banker".

Western experts have already explained that the support price of gold, which declined over the previous trading, had a significant increase in the difference in yield between the Irish and German ten-year government bonds - by 12 basis points. In addition, the positive impact reported intention to EU Commissioner Olli Rehn on the economy during the two-day visit to Ireland in the coming days to discuss the government plan to reduce the budget deficit of 6 billion euros by 2011. Earlier, the head of World Bank President Robert Zoellick told the Financial Times noted the high gold's role in modern global financial system. According to him, despite the fact that gold is in the textbooks call "obsolete money, investors in different markets still use it as an alternative monetary instruments.

"Keep you their capital in dollars, euros or other currencies - has noticed in connection with this, leading analyst of the U.S. financial corporation IG Markets Dan Cook - gold is always a kind of transitional tool - raw materials, is both a calculated commercial vehicle currency" With the "red" metal more or less clear: the beginning of 2010 it increased in price by 22% and can demonstrate the rising cost of the tenth consecutive year that will be the most prolonged period of price increases, at least since 1920. Rise in price of gold in recent years was caused by the increase in volatility in global financial system, economic crisis and the beginning of this year, the main "engine" of growth in the prices of the debt crisis began in Europe. In such situations, the gold is particularly popular with investors who see it as a reliable alternative to volatile currencies and shares of private companies. А что же с серебром? And what about silver?

Russian analyst at the Center for Sergei Pukhov active appreciation of the precious metals is due primarily to an uncertain situation with many world currencies, and expectations of a monetary nature of possible measures to stimulate the economy in the U.S. and other countries. According to him, namely the yellow metal "pulled" for a white. "Excess liquidity of the U.S., which is still closed path in the real sector, because there is no demand, there is primarily in gold. A silver investors have noticed just now, so to speak, out of inertia. In general, usually the white metal gets the tails of the glory of the "yellow", - said the expert.

Largely it depends on how far will the U.S. Federal Reserve to pump liquidity of the market and the prospects of entering into the second wave of the crisis. According to experts the French investment bank Natixis, the worst is behind us: "The period of financial profligacy in Europe gives way to financial austerity. f measures taken in this regard, can lead to the desired goal without destroying the structure of the European economy, it will be the first step in normal economic conditions. " Analysts warn: there is still a long way, but hope that the order in finance will be induced by cutting budget spending, rather than by increasing the money supply. Then, they suggest, and go economic growth, interest rates and inflation will return to pre-crisis levels, and this will reduce the attractiveness of the precious metals.

How can I save on buying a policy Hull

Kolizey — Fri, 17 Dec 2010 16:39:47 GMT

Insurers have begun to market a variety of "optional" programs Hull. Buying such a policy, the customer can save between 20 to 60%, without risking to insure a "half dead" of the insurer, payment of which he does not get in any case.
CASCO - one of the few types of insurance, under which the amount of insurance charges will continue to decline even after the crisis. Because of this, insurers have begun to actively market the "optional" programs Hull. Buying such a policy, the customer can save between 20 to 60%, without risking to insure a "half dead" of the insurer, payment of which he is unlikely to get in anyway.

Half price

Strahovanie Samym common option like auto insurance is a program that can be called "hull insurance for half the price." Its principle is the following: the customer pays for only half of the policy premiums, and the rest of it pays for insurance for the first event to get paid. For example, if the standard annual fee for the hull is 7 thousand UAH., Then the "Casco at half price" offer customers pay 3.5 ths. And another 4 thousand it has to be made, when accidents happen. "If it was not an insured event, the insurance for half the price will be much cheaper than usual, as if the accident has caused great expense, you can pay the second half of the prize and get paid a whole", - explains Head of Underwriting Insurance Company "NOVA" Eugene Trandafilov.

It is noteworthy, but the "hull for half price" advantage and insurers. The fact that customers who have damaged cars insignificant, they are unlikely to pay extra insurer second half of the premiums for hull insurance to eventually pay for a cheap repair his car. For example, if the second part of the payment Hull will be 4 thousand UAH. And the insured event has caused much damage the car (up to 4 ths.), Then the customer is cheaper to pay for repairs yourself than go for the payoff. Given that small insurance events, up to 3-4 ths. Constitute a third of all payments on Hull, as a result the insurer will still save on payments.

Such a program has many major players in this market - the insurance companies "Asuka", "Alfa Insurance", "Nova." Some insurers offer to buy cheaper policies Hull standard of 50% and even 60% - for 3-3,5 thousand UAH. However, such policies - "mini-helmets - are sold, usually in the appendage to the insurance OSAGO. "We not only cover the damage suffered in the accident, because our client has a policy of compulsory motor TPL insurance. We will pay you and to your client under the policy of Hull. In this case, the sum insured does not depend on the price of auto customer, and to limit liability under the compulsory motor TPL insurance. Today it is 50 ths. "- Says the deputy director of the company" Asuka "Elena Ma'shar. True, it should be noted that the payment in this case will be made only if the accident involved two sides. This clause allows the company to get its benefit. "Accidents with two participants, according to statistics, less than 70% of the insured events. And with the tightening of liability for improper driving them is getting smaller. As a result, insurers save for small payments, such as a scratch in the yard or a tree falling on a car "- explains Ma'shar.

For aces
Up to 20% can save on their helmets, buying a policy, designed for experienced drivers with experience of 10 years. These discounts are offered by many companies and some insurers have gone even further - an inexpensive CASCO they offer not only an experienced driver, but also their "inexperienced" to family members. "There is a program where the main driver in the hull policy fits into a driver with experience of over 10 years. But insurance will apply even if temporarily behind the wheel of the insured car got an inexperienced driver. For example, the son of the owner of the policy Hull. In this case, the policy remains in effect, just turn the franchise for at least 3 thousand UAH. ", - Says head of sales INGO Ukraine Olga Ivancova.
That is, getting into an accident experienced driver on the insured car - he would be paid the full amount, and if the same car in an accident gets a novice - payment will be lower by several thousand hryvnia. This program will benefit those customers who have large families. No need to buy multiple policies. И страховщики не в накладе. And insurers are not loser. Police then one, and payments - is different.

For experienced drivers are designed and other "low cost" policies of Hull. "The customer pays 75% of the annual policy Hull. In this case, the first 9 months of driving without accidents guarantee him getting another 3 months of insurance as a gift. The result is 12 months for the price of nine. If the insured event occurred during the 9 months, the client receives the payment, but the contract is valid only 9 months. Such insurance is attractive and confident drivers ", - says head of marketing UK Retail Olga Drobysheva

The fall in property prices - myth or reality?

Kolizey — Fri, 17 Dec 2010 16:22:08 GMT

"Prices for apartments in Kyiv fell," "The price of new real estate in Kiev decreases with each passing day", "Apartments in Kiev can be bought for 10,000 dollars," "The prices have reached their bottom. It is these titles are increasingly seeing visitors to Web sites, as well as readers of various newspapers and magazines. Information on real estate sites and forums is full of such posts. How valid are similar sounding phrases? Is there any reason for such statements?

We often like to indulge in wishful thinking. But let's look at the statistics - the trend of incidence rates in U.S. dollars really is, but solely on the old housing of poor quality. This is usually Khrushchev, built in the fifties - sixties of the last century or Gostinka whose area does not exceed 25-30 square meters. That is a property that, for all current parameters can not be attributed even to shelter the economy class.

As for the new standards of comfort, the real estate market is currently undergoing a reconstruction phase after certain crises in the economy. In addition, some companies - developers, such as the NSC, the construction of planned facilities in the period of financial instability, while performing in full its obligations to buyers of apartments.

"Factors to reduce the price of high-quality new housing is not unique, - says head of sales department," NSC "Dmitry Shostya. - We have analyzed the situation and concluded that lowering prices will entail reducing the quality of building. This means that we can not use high-quality construction materials, will have to withdraw from the European standards of energy conservation and use of cheaper and non-professional workforce. Also, we have to reduce wages. I'm not talking about energy and the cost of most modern building materials. We have our customers that our accommodation, although concerns of modern grading to shelter the economy - the class, built at home in business class. Reduce the level of quality we do not have a difficult time for all time, the more we will not do it now. "

The company "NSC", which is building a residential complex " The park "in Kiev and is planning the end of 2010 to pass the second section, and in the first quarter of 2011 the third section of the house number 26, note that in the pre-New Year shares a number of apartments will sold at a price of 8,990 hryvnia per square meter, but after the New Year and putting the house in operation, the cost per square meter will be at the market. Wanting to buy their own homes, quality and comfortable, with each day becoming more and buying modern and comfortable accommodation with a gradual return of the property market mortgage - a reality for many people of Kiev.

NBU ties slowdown in inflation to 0.3% in November from the cheapening of raw products and the stability of tariffs on zhilkomuslugi

Kolizey — Fri, 17 Dec 2010 16:14:04 GMT

NBU ties slowdown in inflation to 0.3% in November from the cheapening of raw products and the stability of tariffs on zhilkomuslugi.
National Bank binds slowdown in inflation to 0.3% in November from cheapening of raw products and the stability of tariffs for housing services.

This is stated in the message NBU.

"The main factor reducing the growth rate of consumer price index (in November) - cheapening of raw products (0,6%) due to price correction in some food markets after soaring in September. In addition, local authorities have refrained from raising rates next housing "- the report says.

Among other factors restraining inflation in November, the NBU calls cheaper electricity (by 7,4%).

At the same time notes that the restoration of domestic and external demand led to price increases for other components of the index by 1,2%.

As reported, in November, inflation amounted to 0,3% in January-November, consumer prices rose by 8,2%.

Ministry of Economic Development and Trade said the main deterrent to inflation in November, a slowdown in producer prices in the food industry and reduce consumer credit

Credit-Rating: Rapid devaluation of the national currency may derail Ukraine’s economy in the nearest future

Kolizey — Fri, 17 Dec 2010 15:30:40 GMT

Credit-Rating subscribes to the opinion that more than rapid decline in USD/UAH exchange rate may prompt a number of defaults of Ukrainian companies and banks in the nearest future. The highest exposed are systemic banks and large companies, which have raised large foreign currency-denominated loans.

Today the majority of borrowers do not have foreign currency gains in the volumes necessary for simultaneous servicing their debt obligations without harming their businesses. Under such condition there is high probability that even creditworthy obligors will refuse to make payments or try to restructure their debts even under availability of free funds. It is possible that number of Ukrainian borrowers will refuse to serve the currency loans which have risen in price in two times. They are likely to spoil their reputation trying to sustain their businesses and counting on possibility for negotiating their debts with lenders.

In Credit-Rating’s view, such situation will have extremely adverse impact on Ukraine’s banking system, and on budget-forming sectors, i.e. machine-building, metallurgy, retail. In case the authorities, primarily the National Bank of Ukraine, the Parliament and the Government further linger in carrying out anti-crisis actions, a number of defaults may occur in current year. In January-February 2009 the defaults in payments for loans and debt obligations may have regular nature that can lead to derailment of Ukraine's economy.

Moody's slashes Ireland to Baa1, warns on future debt

Kolizey — Fri, 17 Dec 2010 15:12:43 GMT

DUBLIN (Reuters) – Moody's Investors Service slashed Ireland's credit rating by five notches to Baa1 with a negative outlook from Aa2 on Friday and warned further downgrades could follow if Ireland was unable to stabilize its debt situation.

Ireland's debt levels have quadrupled since late 2007 on the back of a banking sector meltdown, and it needs solid economic growth to ensure it can meet repayments and fiscal targets set down in the 85 billion euros EU/IMF bailout agreed last month.

Moody's downgrade followed Fitch's move last week to become the first ratings agency to strip Ireland of its 'A' credit status, cutting it by three notches to BBB+ following the debt-stricken government's request for an EU/IMF bailout.

S&P is the only ratings agency that still has Ireland in the top band but that may not last long as it has its A rating on review for a possible downgrade.

"While a downgrade had been anticipated, the severity of the downgrade is surprising," Dublin-based Glas Securities said in a note.

The move pushed Irish 10-year government bond yields 7.5 basis points higher to 8.522 percent, and the yield spread over German Bunds rose about 10 bps wider on the day to 551 bps.

The Portuguese/German spread also widened about nine basis points to 364 bps while the Swiss franc climbed to an all-time high against the euro after the downgrade renewed pressure on the single currency.

While a pre-Christmas market lull may have led to a temporary truce in the onslaught against peripheral euro zone debt, ratings agencies have been busy flagging up the fact that risks are undiminished.

Just prior to its downgrade of Ireland, Moody's said late on Thursday that it had put Greece's Ba1 rating on review for a possible downgrade, citing uncertainty over the country's ability to cut debt to sustainable levels.

Moody's put Spain's debt on review for a possible downgrade on Wednesday, highlighting concerns over a funding crunch next year, although it said it did not expect Madrid to have to resort to a bailout as Greece and Ireland have.

And Standard & Poor's said this week it may cut Belgium's debt rating if the country's inability to form a government threatened deficit- and debt-reduction goals.

Moody's said the crystallization of bank related contingent liabilities, increased uncertainty regarding the country's economic outlook and decline in the government's financial strength were the key drivers of the action.

While Ireland avoided slipping back into recession in the third quarter -- posting gross domestic product growth of 0.5 percent -- the modest upturn underlined the huge challenge ahead in tackling its financial crisis.

Moody's said Ireland's uncertain economic prospects were amplified by its required four-year, 15 billion euro budget-cutting plan, which it said is likely to weigh on domestic demand and further drag on the country's recovery prospects.

"Should Ireland's adjustment capacity prove to be insufficient to stabilize debt metrics in the foreseeable future, a further rating downgrade would follow," Moody' said.

EU sets up post-2013 crisis fund; ECB ups capital

Kolizey — Fri, 17 Dec 2010 15:05:33 GMT

BRUSSELS (Reuters) – European Union leaders have agreed to create a permanent financial safety net from 2013 and the European Central Bank moved to increase its firepower to fight the debt crisis that has rocked the euro zone.

But at Germany's insistence, the 27 leaders said the long-term crisis-resolution mechanism, to be added to the EU's governing treaty, would only be activated "if indispensable to safeguard the stability of the euro as a whole."

They also decided there was no need to increase an existing temporary rescue fund, which some analysts say could be insufficient if Spain and Portugal need EU/IMF bailouts after Greece and Ireland, nor did they discuss using it more flexibly.

The decision not to enlarge or even discuss enlarging the existing fund could be taken by financial markets as a sign of division, potentially provoking more market uncertainty.

"The decision taken was that there will be no enlargement or deepening of the funding means at the disposal of the EFSF," said Luxembourg's Prime Minister Jean-Claude Juncker, referring to the existing European Financial Stability Fund.

But leaders said they were prepared to do whatever it takes to protect the euro, a position they have reiterated for months.

"The heads of state and government of the euro zone stand ready to do whatever is necessary to ensure the stability of the euro zone as a whole," European Council President Herman Van Rompuy told a news conference after chairing the first day of a two-day EU summit.

The ECB, in charge of monetary policy in the 16-nation euro area, said it would almost double its capital to 10.76 billion euros to cope with bigger credit risk and market volatility. Euro zone members will provide the increase.

ECB President Jean-Claude Trichet told reporters the central bank's governing council thought it was appropriate to make "additional provisioning" -- a veiled reference to potential losses on euro zone sovereign bonds it has bought.

IMF Managing Director Dominique Strauss-Kahn, who has been critical of EU leaders' disjointed response to the rolling crisis, said he was concerned about slow growth and the threat of contagion in Europe.

"I'm worried and that's why I'm urging the Europeans to provide for a comprehensive solution, because this piecemeal approach obviously doesn't work," Strauss-Kahn told a Thomson Reuters Newsmaker event in Washington. "And the markets are just waiting for what's next."

RECORD SEVENTH SUMMIT

The leaders -- holding a record seventh summit this year -- approved a two-sentence amendment to the EU treaty at Germany's behest to permit the creation of a European Stability Mechanism to handle financial crises from June 2013, Van Rompuy said.

The ESM, to replace the temporary European Financial Stability Facility created in May, will be empowered to grant loans on strict conditions to member states in distress, with private sector bondholders sharing the cost of any writedowns.

The aim is for all 27 member states to ratify the change by end 2012. Van Rompuy said no country would need to put it to a referendum, removing one potential risk. Decisions will be taken by unanimity, ensuring that EU paymaster Germany retains a veto.

The EU, together with the IMF, set up a 750 billion euro ($1 trillion) EFSF loan pool to help highly indebted euro zone states unable to finance themselves in volatile markets.

The decision by the Frankfurt-based ECB to raise its subscribed capital base was the first such increase in its 12-year lifetime, a mark of the severity of the situation.

The central bank has bought some 72 billion euros in euro zone government bonds since May but has resisted political pressure to step up these asset purchases substantially to help indebted governments avoid having to seek a bailout.

Credit ratings agency Moody's highlighted investor fears about the first country to receive an EU/IMF rescue by saying it was putting Greece under review for a downgrade, due to uncertainty over its ability to cut debt.

Strauss-Kahn said he was concerned about the length of the process Europe was going through to resolve its crisis and said the EU needed to find a "comprehensive" solution.

But he voiced optimism that Spain would be able to ward off the worst of the debt crisis without needing a rescue, and said he saw no threat to the euro's existence.

MERKEL GETS HER WAY

German Chancellor Angela Merkel, who pressed for the treaty change to assuage Germany's constitutional court, got her way by keeping other ideas, such as increasing the size of the EFSF or issuing euro zone bonds, off the summit agenda.

Throughout 2010, EU leaders have struggled to show unity and clear communication in handling the crisis, alternating between rushing out half-formed or contradictory proposals and dithering on the right course of action while markets burned.

There has been a relative lull in financial market pressure in the past two weeks as investors and traders close their books ahead of the end of the year, but analysts expect pressure to resume in 2011 without action.

Six lawmakers injured in parliament fight

Kolizey — Fri, 17 Dec 2010 12:48:31 GMT

A violent scuffle between pro-government and opposition lawmakers in the Ukrainian parliament has left legislators bloodied and bruised.

Lawmakers from President Viktor Yanukovych's Party of Regions late Thursday stormed the parliament podium after it had been blocked by legislators from Yulia Tymoshenko's party protesting a corruption probe against her.

Tymoshenko's party said 6 lawmakers sustained serious injuries, including concussions, a fractured jaw and multiples bruises. Four remained in the hospital Friday. The Party of Regions confirmed the fight and said its members were not injured. It said pro-Tymoshenko lawmakers had started fights in the legislature in the past.

Scuffles are frequent in the Ukrainian parliament, but Thursday's was the most violent.