September 13th, 2009

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Ministers of the EU economy will be meeting over the sale of Opel

Sunday, September 13th, 2009

European Union intends to review the situation surrounding the sale of the concern Opel consortium of Austrian-Canadian firm Magna, Sberbank of Russia and GAZ Group. To do this, will convene a special meeting of Ministers of Economy and Industry, said in Brussels the European Commission, reports Deutsche Welle.

Interested parties will be represented in full, all information related to the transaction. Ministers to determine whether the plans for restructuring the economic criteria of the EU. In particular, should be submitted to guarantee that the company will retain viability in the future.

European Commission aims to ensure that the restructuring did not suffer any business concern. Otherwise, Brussels may prohibit the disbursement of financial assistance amounting to 4.5 billion euros in loans and state guarantees. The Commission will closely monitor further developments and maintain ongoing contact with interested parties, said the EU representative. Click to continue »

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Internet perezhdet generation

Sunday, September 13th, 2009

After six years - from 2000 to 2006 the cellular market has shown unprecedented growth, which few people expected. If the results in 2000 were less than one million mobile subscribers by the end of 2006 the nominal penetration was 105%.

Today, according to iKS-Consulting, broadband-penetration is only 9.1% (1.62 million private subscribers). The rate of growth of the market with a little abated. Many attribute this to the crisis. Others with the fact that not all Ukrainians are able to overcome the cost barrier buying a personal computer. Others - that not everyone has the physical ability to connect to the network. And they are all in varying degrees, of course, right.

But you can look at the issue from a totally different side. Was the mobile communications services for people with something new? I venture to suggest that there is. On the phone talking even our grandmothers were young. For a fixed, of course. So with the coming to us cellular operators at the end of last century radically changed not the telecommunication service, but a way of providing it. And our citizens quickly realized that to speak into the phone without wires, of course, is more convenient than a wire. And much easier to buy a receiver. That's it - the success of the signalers provided.

With the Internet as a completely different situation. Analog him earlier did not exist. We have developed the idea a little bit about our world some urban marketers: there is still a lot of young Ukrainians, for whom the Internet and computer - a dark forest, impenetrable jungle. Go ahead. It would not be sad to talk about it, but almost all of our grandparents and most of our moms and dads PC and Internet users will not ever! And it is absolutely logical phenomenon. In order for the Internet, as something completely new, has become widespread, obviously, be replaced by several generations. Click to continue »

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Credit, Bonds … and rake?

There is a simple truth: money - it is always the responsibility of …

Sunday, September 13th, 2009

There is a simple truth: money - it is always responsible. Unfortunately, many of its thoroughly forgotten. The availability of money in the world economy in recent years provoked Issue obviously junk bonds. Not spared this hysteria and Ukraine.

And then came the crisis. I had to pay the bills ...

According to accounting issues Сbonds, in the first half of this year at the Ukrainian market bonds have been several tens of defaults (ie, failure to comply with the obligations on the bonds) of $ 1.04 billion UAH. By the fall of bond defaults had reached already at 2.9 billion UAH ...

The defaults also affected the banking system. The pioneer was Creditprombank, who allowed defaulted on bonds worth 350 million UAH. August pleased investors, bond defaults of two finuchrezhdeniy - Ukrgazbanka and Rodovid Bank.

Rodovid refused to buy bonds of two series in the amount of 250 million UAH. and Ukrgasbank - to redeem bonds on offer for 300 million UAH.

However, whether the cause, whether the reason for the last two failures was the decision of the National Bank number 421, which prohibits banks unprofitable early repay their debt securities, except in the case of repayment at below 50% of the nominal value. In addition, the shareholders of both banks acknowledged that not control the situation. And they were actually saved from bankruptcy only purchase their state. Treasury now controls almost 100% of shares RODOVID and 81,6% - Ukrgazbanka.

From

Kreditprombank situation is much more complicated. He is not redeemed by the State, but on the conduct of its shareholders investors have already accumulated a lot of questions.

Producing in 2006-2007, their bonds, the bank has positioned itself as a member of the powerful industrial group and claimed that in the composition of its founders are the major commercial, industrial and financial structures of Ukraine, Ireland, the Netherlands, Cyprus and Greece . Under the powerful group had in mind the concern Energy Victor Nusenkis ...

Relatively big structures of these countries - rumors greatly exaggerated. Nusenkis really part of the bank's shareholders, but a majority does not belong to him. He owns a citizen of Greece Konstantinos Papunidis Georgian origin, who is now - directly or indirectly (through their company) - controls 79,3% of the bank.

But investors who buy the paper for several years, urged that the bank is about to resell a major Western financial institution. Fortunately, that such negotiations were really ... was called and the transaction amount to 600-700 million euros.

As a result, buyers of bonds do not pay too much attention to the fact that the bank's profit does not strike the imagination, remaining the last three years within the 5.6 million

But

bonds of different series navypuskali almost 1,5 billion UAH.

The funny thing is that the bank also undertook to organize their production to other entities. On its website and now hangs such a proposal.

In general, many buying the paper bank, expecting that ensure their payment will have new owners - with an international image. But last year, is a delusion dispelled. Negotiations with the French Societe Generale and the Greek National Bank of Greece (NBG) ended in nothing. And the existing shareholders of the growing problem of the bank is clearly not pull.

decision taken earlier this yeardecided to increase the authorized capital (that is, the infusion of money in the bank) to 1,35 billion UAH. by September resulted in the total investment of $ 30 million (or about 230 million UAH.) and a promise to invest more about the same. It is three times less than the stated, and rectify the situation such amounts are unlikely to ...

not encouraging, and reports. On April 1, the bank granted loans to 11.69 billion UAH. (about 1,5 billion dollars). This obligation of the Kreditprombanka, according to the National Bank, at the beginning of the second quarter amounted to 11.95 billion UAH., Including 6,88 billion UAH. - The equivalent in foreign currency.

results

half proved extremely difficult: the losses of the second quarter reached 168.6 million UAH. Click to continue »

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