If the electronic records of business entities will be implemented through the operators, who will forward it to the STA and social funds, on a commercial basis, it will inevitably lead to abuses, said the President of the Association of Employers of Lviv Zenoviy Bermes.

"The advantage of electronic reporting for tax payers is obvious - to reduce the time and money. It is beneficial for the state. Because the process must be done in simple and understandable. The problem is that when the electronic records transferred to a commercial basis, it will be abused. This compromise in general a good thing ", - stressed Bermes.

As explained member entrepreneurs Lviv Yuri Sendetsky, October 28, 2009 carried a letter-explanation of STA of Ukraine that the electronic records must pass through private firms. It turned out that mediators require registration fee for the year in the amount of 960 UAH. In addition to purchase electronic keys. Therefore, business organizations have decided to apply to the STA in Lviv1000region with a demand to restore the opportunity to pass the electronic reporting to the tax authorities directly.

However, not all public authorities have the appropriate software to make statements.

"Now, our own system, allowing business entities to file reports directly to, the Employment Center, like other state agencies, no. Click to continue »

at auction "Art of impressionism and modernism," the auction house Sotheby `s set a new record price - the sculpture" Walking man I "Alberto Giacometti went for $ 104.3 million, becoming the most expensive artwork ever sold at public bid. For the first time it has become a sculpture, and after the war and sold in London.

So far, the most expensive work of Alberto Giacometti - the sculptor, at the peak of his career vayavshego as thin as a match, the figures - was "Big woman stood II", which was sold in 2008 at Christie `s over $ 27.5 million so that estimeyt in the $ 19-28 million, which put "walked a man I" specialists of Sotheby `s, have already claimed the record. But while Sotheby `s and say now that" this amount reflected the extraordinary importance of this magnificent work, and the fact that it is the only lifetime cast of a cult story, "the hammer price exceeding $ 100 million, of course, was not expecting anyone.

"Walking man I" was created by Alberto Giacometti for the urban area, this explains the unusual size for a sculptor casting - as a man. In 1956, Giacometti, along with Alexander Calder and Isamu Noguchi were invited to create something avant-garde for the Chase Manhattan Plaza in New York. The ambitious project was not implemented, however, Alberto Giacometti in 1961 yet made the two casts, one of which was shown in 1962 at the Biennale in Venice. Second, in 1980 came to a collection of contemporary art of the German bank Dresdner Bank: before she graced the bank"s head office in Frankfurt, and last year walked away with his other assets and art collection to C1000ommerzbank AG, who set her up for sale. Click to continue »

the exercise stress testing of commercial banks" cost of real estate collateral, if its estimate was conducted prior to July 1, 2009, should decline by 25% and adjusted depending on the category of credit.

says the UNIAN letter to the National Bank of Ukraine № 40-511/621-1844, sent by commercial banks.

"mortgage, appraisal /reappraisal which has been implemented for more than six months before the test, ie before 1 July 2009, accepted for the calculation of net credit risk uf0csing a correction coefficient 0,75 to the value defined in the report property valuation, and the corresponding coefficient depending on the category of credit transactions "- the document says.

As UNIAN reported earlier, commercial banks of Ukraine till April 30, 2010 must provide the National Bank of Ukraine and the audit results of stress-testing in 2009. Click to continue »

 
  
 
 
  05.02.10 20:50 ;
 

Gap down at the opening of Russian market on Friday was over 1.5%. Further decline deepened. Loss of the MICEX index during the day reached 3.5%. The dollar index RTS lost weight much faster because of the weakening of the ruble exchange rate were below the psychologically important mark of 1400 points.

In the first hours of trading virtually all securities traded in the red zone. As leaders of the reduction were Paper IDC North Caucasus (-6.41%), AFK Sistema (-5.35%), Mechel (-4.18%). Growth was observed only in actions "KAMAZ" (5,4%), Rostelecom (1,71%), Uralsvyazinform (0,55%) and TGK-14 (2,78%). "The volumes in which there were sales, good enough, so you can say that the players are systematically selling all the papers," - notes the analyst of the Criminal Code of "AMC Finance Vladimir Semenov. "Foreign exchange market moved down by 5-6% of the price of raw materials. At this point, they all want to just sell it. Given that the rates and stock and commodity markets in isolation from the real economy were at a peak in recent months, the movement was rapidly down quotes and powerful ", - analyst IK" ITinvest "Alexander Potavin.

Quotes oil after a brief rebound early in the week for yesterday"s day had lost more than 5%. Against this backdrop, Rosneft declined by 2.84%, Surgutneftegaz - on 2,91%, LUKoil - on 2,65%.

Gold traded today at minus lightweight, aluminum and nickel, on average lost more than 1%, putting pressure on companies in this sector. Norilsk Nickel on the day declined by 2.24%, Polyus Gold - on 4,28%.

Leaders of sales, Sberbank and Gazprom, lost on the session 1,98% and 2,29% respectively.

By 20.30 Moscow time the euro /dollar is at 1.3609. Today, the MICEX for one dollar gave 30.47 rubles for one euro - 41.72 rubles. Thus, the value of the currency basket now is 35.56 rubles (the last trading price on the basis of the currency basket was 35.36 rubles).

main sales were in the first two hours of trading, to dinner activity Sellers asleep. The players were waiting for the publication block statistics with the U.S. Click to continue »

Yesterday, Chinese Foreign Ministry has promised to confront accusations and political pressure from the United States.

between the two superpowers once again heating up relations. This time the occasion was the news that the States last week signed an agreement1000to sell at $ 6.4 billion in arms to Taiwan. This is an island state, China believes its breakaway province and reacts aggressively to strengthen the defense there.

On Tuesday, Chinese authorities have clearly stated that "in response to a blatant disregard for American protests and petitions" China is going to impose sanctions against all companies involved in arms sales to Taiwan. Particular excitement of experts associated with the fate of the corporation Boeing, which is a major player in the Chinese aviation market and is planning for 20 years to sell in this country aircraft on the $ 200 billion

Americans began to accuse opponents of protectionism. On Wednesday, U.S. President Barack Obama announced his intention to more rigorously to enforce China"s trade rules and open its markets to American goods.

U.S. leader also promised to "exert constant pressure on the PRC in connection with the under-appreciation of the yuan, to spread the belief that there is no artificially inflating the prices of our products and that their goods are not artificially reduce the price." Rate of the yuan since July 2008 is enshrined in China at 6.83 yuan per dollar, which is why, according to Barack Obama in the United States suffer from producers. In 2009, Chinese exports to the U.S. reached $ 266 billion, while U.S. sales in China totaled $ 143 billion

On Thursday, Chinese Foreign Ministry spokesman Ma Chao-Hsu denied the accusations of Mr. Obama, noting that among the leaders of China"s growing discontent with the need to listen to lectures on economic policy from its main debtor. Click to continue »

project the U.S. budget for 2011 fiscal year would increase the capital reserves of the Federal Deposit Insurance Corporation. The exact figure is increasing fees until called.

administration of U.S. President believes that the current level of capital reserve requirements FDIC is not enough that the corporation could cover losses of depositors. Currently, capital reserve requirements corporations ranging from 1,15 to 1,5% of insured deposits.

"The current ratio of reserves to the FDIC w1000ith its commitments at the moment does not correspond to those risks and losses that are possible during a recession", - stated in the draft submitted to Congress, the U.S. federal budget for 2011 risk is apparent in the 2011 bankruptcy American banks.

Against the background of mass bankruptcies, in 2009 the Federal Deposit Insurance Corporation actually openly declared a shortage of funds, offering banks pay a commission for the next three years with a small discount. It was expected that this will bring additional FDIC $ 45 billion, however, these measures did not save the situation, and in September 2009, the coefficient that relates to the obligations of the corporation reserves, had a negative value, that is, she had to get into debt. Guide FDIC tried to take steps to replenish its financial assets. So, late in the second quarter of 2009, the organization has collected about $ 5.6 billion due to additional bank charges. When similar problems experienced in 1980, FDIC-90-ies., She received cash infusions from the Treasury.

Financial experts do not exclude that an increase in commissions, which are formed from the reserves of FDIC, could adversely affect the capitalization of small American banks are still experiencing shortages of borrowed resources. "Local banks are mainly oriented to the U.S. housing market, which still does not feel better. The percentage of bankruptcies among them will depend on the macroeconomic factors such as unemployment," - said IHS Global Insight analyst Jan Randolph. Click to continue »

Italian ENI estimates at 1.5 billion euro cost of the three pipelines that she is willing to sell to settle claims by European antitrust regulators. "The cost of these three pipelines - around 1.5 billion euros," - said at a press conference the head of ENI, Paolo Scaroni, adding that more than half that amount - 800 million euros - could bring sales Transavstriyskogo Pipeline (TAG), transmits Reuters.

Earlier today, the European Commission (EC) welcomed the proposals ENI to sell gas. As stated in the press release, the EU executive body, the Italian company has expressed its willingness to sell its stakes in three international pipelines - TAG (transports Russia"s gas transit to Italy via Austria), TENP (Trans-European gas pipeline) and Transitgas - the last pass through the territory of Germany. Click to continue »

world car market has passed the bottom in 2009 and will begin to recove1000r, predicts Moody `s. To increase to China and the United States but not Europe, where due to the cancellation of extensive programs to support demand for cars will fall in 2010 the most. Ukraine its programs of support and does not start - and if the market recovers, it is insignificant.

Yesterday analysts Moody `s published a forecast of the world market for passenger cars and LCV for 2010-2011. As stated in the review, Moody `s expects stabilization of the market during this period, as the main drivers of the process are China and the United States. In Moody `s say that the Chinese market up to 2009 showed growth above forecasts of agency (which is not confirmed): sales increased by 48% - to 12.96 million vehicles, a growing GDP and low motorization allow it to grow in the coming two years at 10%. This year, sales of machinery to make 14.25 million units., In the following year - 15.7 million units.

in U.S. auto sales in 2010 will fall not so much as in the past. Last year was the bottom of the American market and are confident Moody `s: if in 2005, sales were at the peak (17.5 million), then by 2009, relative to this peak collapsed by 40% and 21% - about 2008 (up to 10 , 4 million pcs.). Worse there can not be, analysts believe the agency, and after the recovery of U.S. economy and support demand through a state program of the U.S. car market this year will grow by 10%, and the next - already at 17%.
This means that the global car market may start their recovery after the Chinese and American, believe in Moody `s. Click to continue »

European Commission approved a plan to stabilize public finances in Greece and reduce public deficits. Greece has committed over two years to reduce the public deficit to four times. Currently, the state budget deficit of Greece is 12,7% of GDP.

Government of Greece of the European Commission presented a program of stabilization of public finances for the period 2010-2013 gg. The plan envisages a phased reduction in fiscal deficit in 2010 - up 8.7% of GDP., In 2011 - up 5.6% in 2012 - up 2.8%, and finally, in 2013 -- to 2%.

Following the 2009 public deficit of Greece was 12,5% of GDP and national debt exceeded 112% of GDP, amounted to EUR300 billion, the Government has developed a radical austerity measures of public funds to avert a looming default. These measures include, inter alia, the abolition of tax benefits, reducing salaries and freezing hiring in the public sector.

January 25 Greece has completed the deployment of public debt bonds with maturity of five years worth EUR8 billion, received no application for EUR25 million placement of new country plans in February. At this time, according to the director general of the Greek Agency for Management of Public Debt Spyros Papanicolaou, will be posted Eurobonds with maturity of 10 years. Determine the final amount of placement after the government intends to study the reaction of the market.

"The European Commission recommends Greece to prepare a comprehensive package of structural reforms to improve governance, progress in reforming the pension system and health care, improving labor market functioning and efficiency of the formation of wages," - said in a statement the EC. Greece requested to send 10% of funds from the expenditure side of the current budget in reserve for unforeseen problems in the future.

EU calls on Greece to reduce the average salaries of budget, including salaries of the central government, local governments, public organizations and other state institutions, reduce other costs in the state budget and improve tax collection. French Prime Minister Francois Fillon has outlined a pan-European plan to stabilize the situation in Greece, including, inter alia, strengthening the fight against tax evasion and the introduction of a new tax on luxury.

EU Commissioner for Economy and Monetary Policy Joaquin Almuniya called Athens achievable goal, but not easy. "The European Commission shares the ambitious plan to reduce the budget deficit, correction of fiscal imbalances and reforming the economy, which has set itself the Government of Greece", - he said.

However the European Commission decided to establish a financial oversight over Greece. The Greek authorities will be reporting all the steps they will take. In the first report, to be submitted in mid-March, Athens should detail the measures to reduce the budget deficit. And since mid-April, Greece will publish quarterly reports on the implementation of planned programs. Click to continue »

For gosshaht can be reduced by taxes and increased the budget - the development of the bill took over the Ministry of Coal Industry. So far, these initiatives of the Government only reduced the efficiency of the miners, but that promise benefits to Prime Minister Yulia Tymoshenko on the eve of the second round of presidential elections, experts say.

Ministry of Coal Industry, Ministry of Economy and the National Academy of Sciences engaged in preparing a draft law "On state support (subsidies) of the coal industry - is available on Jan. 27 gave the Cabinet of Ministers, told the Coal Industry Minister Viktor Poltavets. "The Working Group has already started preparing the document," - he said. Ministry of Coal Industry proposes to introduce tax breaks for state mines and provide an annual allocation from the state budget funds not only to compensation for wages for miners, but also on the modernization of enterprises. Timeliness of document not yet defined. Economics Minister Bohdan Danylyshyn comment on the bill did not.

Gosshahtam already provided significant benefits - in January 2009, contrary to the law "On electric power", the Cabinet recommended to reduce them by 26% tariff on electricity. In January this year, another order of government released gosshahty from payments to the Pension Fund, Social Security and lifted taxes on wages. As a result, the mines have reduced capital expenditures by 30%, while their debt to all sorts of funds and local budgets, according to the Ministry of Finance, has increased 7-fold, to 3.5 billion UAH.
Availability

benefits puts private mines in unequal conditions with the state, said committee member of the Verkhovna Rada on thermal power station Michael Wolyniec. Click to continue »