January 21st, 2010

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The dollar has fallen in price on Monday against the euro until at least 3 weeks

Thursday, January 21st, 2010

dollar exchange rate against the euro on Monday fell to a minimum for the last three weeks on signs of accelerating the recovery of the world economy, which caused a growing interest in more lucrative currencies, reported Bloomberg.

another confirmation of the ongoing restoration of the data were China"s foreign trade: exports grew in December for the first time in 14 months - by 17,7% compared to the same month in 2008. The volume of imports to China increased by 55,9%.

euro on Monday, was worth $ 1.4509, compared with $ 1.4409 at the end of the previous trading day.

cost the Japanese currency on a European at that time amounted to 133.93 yen against 133.46 on the closing market in New York on Friday.

yen to the dollar on Monday fell to 92.31 yen from 92.66 on Friday.

"economies of Asia showing good results, while the recovery in the U.S. Click to continue »

Kyrgyz economy in the coming year are waiting for new tests

In Kyrgyzstan, while predicting a positive growth of the economy in 2010, but expected a very large budget deficit …

Thursday, January 21st, 2010

In Kyrgyzstan, while predicting a positive growth of the economy in 2010, but expected a very large budget deficit. Moreover, has not yet received the promised Russia a loan for the construction Kambar-Ata HPP-1.

addition to economic difficulties in Kyrgyzstan is still not resolved and the energy crisis. Officials hope that this year the republic still receive the promised loan and Russia will be able to launch the most ambitious project for the years of independence in the energy to build Kambar-Ata HPP-1. Back in February last year during the visit of President Kurmanbek Bakiyev in Moscow an agreement was reached on the allocation of part of Russia unprecedented financial assistance amounting to over two billion dollars.

First Republic received two tranches - $ 150 million gratuitous grant will cover the domestic budget deficit, and another 300 million soft loan were transferred to the Development Fund of Kyrgyzstan, which is now actually under the control of the Kyrgyz President"s son, Maxim Bakiyev. However, the main credit of 1 billion 700 million dollars to build a hydroelectric power station has not received.

The government believe that the cause of the economic crisis

 

According to the Minister of Finance of Kyrgyzstan Marat Sultanov, is associated exclusively with the world economic crisis. There are no political differences between the two countries there, said in an interview with Deutsche welle head of the Finance Ministry.

"During a crisis, all countries are adjusting their investment programs and opportunities. The most important thing for Russia to us openly and clearly set deadlines, we are also can not wait indefinitely", - said Marat Sultanov.

According to him, this credit is not given by the Kyrgyz Government, and co-joint stock company, which should build Kambar-Ata HPP-1. "This is a joint-stock company has already created, from Kyrgyzstan have all been prepared, now all left for the Russians", - said Marat Sultanov.

"In addition to economic and political problems there ..."

Member of National Parliament, the leader of the Communist faction claims Masaliev believes that the political aspect is still present. Masaliyev recalled that it was in Moscow on the day of signing the agreement on the allocation of credit, President Bakiyev said the withdrawal of American air base. However, later on this base, in fact, still remained in Kyrgyzstan. Perhaps that is why Russia and not in a hurry to disburse the pledged money, believes Masaliev.

"Negotiations between the governments attending. I think there are issues other than economic and political, such as United States military base in Kyrgyzstan. Not everyone in Russia is clearly perceived. As far as I know, Russia"s Prime Minister, cool refers to this initiative, "- said Ishak Masaliev.

Kyrgyz political scientist Marat Kazakpaev sure that the American air base here to do with it. The issue with the database, he said, was agreed with Moscow. But only with the economic crisis delaying loan from Russia Marat Kazakpaev also does not bind.

"Even on this score there are many speculations, for example, that the first two tranches of 150 and 300 million have passed through our commercial banks. Click to continue »

Media: Sale ISD oversaw Putin and Timoshenko

Thursday, January 21st, 2010

After the Russian group of investors headed by a former shareholder of Evraz Alexander Katunin acquired a controlling stake in the Ukrainian metallurgical company "Industrial Union of Donbass (ISD), until the end of the year may be sold and the remaining 49.99% stake in DIS.

It is reported by Russia"s edition of Kommersant, citing its own sources close to the deal. Same information has and the newspaper The Financial Times. While the remainder of the package belongs to current shareholders Sergei Taruta and Oleg Mkrtchyan, while one of the founders of the ISD, Adviser to the Prime Minister of Ukraine Yulia Tymoshenko Vitaliy Haiduk, resigned from the shareholders.

As the Kommersant, end-buyers of the company will become shareholders of Russian Metalloinvest (in particular, co-owner of Metalloinvest Alisher Usmanov) and Evraz Group, which has previously attempted to absorb the ISD. Sam Alexander Katunin declined to give buyers ISD, saying only that among them "there are two major".

According to sources, publications, talks were held at the highest level: a transaction supervised by Russia"s Prime Minister Vladimir Putin personally. A director of the Kiev Institute of Global Strategies Vadim Karasev believes that Yulia Tymoshenko could have facilitated the implementation of the transaction, a guarantee ISD. Click to continue »

The ultimate buyers ISD may be the shareholders of Evraz

Thursday, January 21st, 2010

final buyers 50% 2 shares of the Ukrainian corporation "Industrial union of Donbass" (IUD, Donetsk), perhaps the shareholders of Evraz Group, said in a survey of analysts UniCredit.

"We believe that Alexander Katunin (owner of Swiss trader Carbofer, former co-owner of Evraz, is leading a consortium to buy ISD) and its partners are the intermediaries in this transaction, given its size - write analysts. - Possible final buyers in control Ukrainian holding is Evraz or its shareholders.

Analysts estimate the company"s value at $ 5.7 billion, representing a substantial amount for Evraz, whose net debt is already $ 7.3 billion, while net debt ISD - $ 3 billion

Evraz or its shareholders to agree on a purchase option to buy control of ISD at Katunina in the future, analysts say. The transaction would be beneficial Evraz, which already owns a number of metallurgical assets in Ukraine.

Meanwhile, Vice President of Public Relations Evraz Alex Agureev the question, "Interfax news agency on the possible involvement of structures in the transaction by ISD only noted that" this information we are not interested. "

As reported, ISD buys Katunin together with a group of financial investors, with the participation of Vnesheconombank (VEB). The owners of the 49.99% shares of ISD remain current shareholders - Sergei Taruta and Oleg Mkrtchyan. Of the shareholders in the transaction will Adviser to the Prime Minister of Ukraine Vitaliy Haiduk, who, according to unofficial data, owns 20% of the company.

corporate vice president of ISD Alexander Pilipenko, responding to agency "Interfax-Ukraine" on the resolution of the antimonopoly authorities of Ukraine and the EU, said the deal to acquire controlling stake in a corporation shall not require approval of antitrust authorities in Ukraine and abroad. Click to continue »