Пенсійний фонд України в липні виконав план з доходів на 99,9%, повідомляється на веб-сайті фонду з посиланням на оперативні дані. "За сім місяців поточного року до бюджету Пенсійного фонду України з усіх джерел фінансування надійшло понад 110 млрд грн, з них власних доходів - майже 65 млрд грн, що становить 98,5% планового завдання. За липень планові завдання виконано на 99,9%", - вказується в повідомленні.

The IMF demands the acceptance of the budget-2011 with deficiency in 3,5 % and introductions of a fine for communal flat non-payment

For reception of the second tranche of the credit of IMF the government in September should spend a number of unpopular measures. Besides acceptance of the state budget of 2011 with deficiency in 3,5 % of gross national product, the Ministry should repay a fine on debts on utilities, and also lower a limit of an annual turnover for the businessmen, paying the uniform tax. In a coalition do not exclude occurrence of complexities at voting for corresponding norms in connection with carrying out of local elections on October, 31st, writes "Kommersant-Ukraina".

The choice of rich Ukrainians in favour of cross-country vehicles and planes is quite explainable. Today you will not find in Ukraine any area which could brag after this winter simply good (about ideal speech never goes) roads. The major transport arteries of the country are impounded, on some sites in Lugansk, Poltava, Lvov, Nikolaev and Dnepropetrovsk areas the traffic is limited.

The American grain trader CHS involves the credit of the European Reconstruction and Development Bank on $120 million for work in Ukraine and the region countries.

CHS Inc., the largest internal supplier of grain to the USA and the second-large agrocooperative society of the world, can obtain the credit on $120 million from the European bank of reconstruction and development for expansion of the activity in Ukraine, Russia and other CIS countries.

In Ukraine the monitoring system behind products from a fowl and eggs corresponds to European standards – Euro commission conclusions

In Ukraine the monitoring system behind the products produced from a fowl, and the eggs, intended for the EU markets, conforms to the European standards. It follows from the definitive report of the European commission, transferred to the Ukrainian party based on the results of testing the monitoring system at production of products from fowl and eggs, have reported to agency "Interfax-Ukraine" on Thursday in Bruxelles in mission of Ukraine at EU.

Japanese agency R&I has raised the forecast of a rating of Ukraine to "stable".

Japanese rating agency R&I has raised the forecast of a rating of Ukraine "B +" from "negative" to "stable". Such decision is caused by stabilization of a political situation in the country, begun restoration of economy and renewal of cooperation with the International monetary fund (IMF), "Interfax-Ukraine" transfers.

Growth of GNP of Ukraine in the first half of the year has made 6 %

The gain of gross national product of Ukraine in first half-year has made about 6 % comparing with the similar period of last year. By results of June it is possible to notice the decrease in volumes of output in metallurgy that has been connected with a weak conjuncture of foreign markets. Preservation of positive dynamics of development in agriculture was supported mainly at the expense of increase in volumes of output in animal industries, informs rating agency "Credit-rating" referring to the data of the State committee of statistics.

According to the experts rises in price of milk and products should be expected in August-September. The reasons - a rise in prices for mixed fodders, energy carriers, essential changes of a conjuncture of the world markets and hot weather.

The state budget-2010 is executed under incomes on 50,4 % for January-July.

The state budget of Ukraine in January-July, 2010 is executed under incomes on 50,4 % from the annual plan, it is informed on a web site of the State exchequer of Ukraine referring to the operative data. "For January-July, 2010 in the general and special funds of the state budget has arrived 127 billion 249,0 million UAH (taking into account VAT compensation, but without own receipts of budgetary establishments) and that is on 23 billion 483,8 million UAH, or on 22,6 % more than for the corresponding period of 2009", - it is underlined in the message.

The European banks will allocate to Ukraine more than billion euro for development of automobile entrances to Kiev. Money will be received by "Ukravtodor".

The inflow of deposits of physical persons to bank system has reached pre-crisis level.

In first half of 2010 Ukrainians bore money in banks as vigorously as did it before crisis. For first six months 2010 the volume of deposits of physical persons in the Ukrainian banks has grown on 29,6 billion UAH, or on 13,8 % — to 243,7 billion UAH. Last and unique time our compatriots showed the same level of trust to bank system in pre-crisis first half of 2008. Then the volume of deposits of physical persons in bank system for 6 months has grown on 29,7 billion UAH, writes "Delo".

Japan has renewed cooperation with Ukraine within the limits of the Kyoto report.

Japan has listed to Ukraine the second tranche within the limits of the concluded contract (in March, 2009), on sale of 30 million units of the established quantity of emissions of hotbed gases, has informed the head of National agency of ecological investments of Ukraine Sergey Orlenko at a briefing in Kiev on Friday, on July, 30th, "Interfax-Ukraine" transfers.

Ukraine plans to attract $4 milliards of investments, besides the IMF money.

Ukraine in 2010 can conclude treaties on bringing in $3,9 milliards as investments, besides money of the International monetary fund, forecast in Ministry of economy. About it reported on July, 30, the first deputy of economy minister Anatoliy Maksuta.

One of the world’s largest chemical company DuPont (USA) intends to collaborate and carry out investments in a public enterprise "Zaporizhzhya titan magnesium combine" (ZTMC), included in the sphere of management of Ministry of industrial policy of Ukraine.

According to the opinion of the Ukrainian businessmen a situation in a business sphere abandons to wish the best. Especially on part of defense of ownership rights, and also activity of authorities in the field of the improvement of business and investment climate.

It is showed by the results of questioning of Business Conditions Survey: Russia and Ukraine, conducted by a company Appleton Mayer in a period from 5 to July, 19, 2010.

In July, supplying with grain will be in three times less than the last year's.

Reason is a price advance on agricultural production under influence of weather terms, and also unsolvedness of problem of return of VAT. It can result in the substantial lessening of supplies in a current season.

The German and Spanish companies are interested in building wind power-stations (WPS) along the aquatic objects of Crimea.

Plans on a mutually beneficial collaboration in area of wind energy were discussed during meeting of guidance of Rescomvodgosp of Crimea with the representatives of company "Vestas" in Ukraine ("New Energy Association Ukraine"), world leader in area of wind energy, and also with delegation of one of front-rank enterprises of aquatic economy of Spain "Aye SA".

The active growth of the euro could harm exporters in Europe, fro many of them foreign trade is an important factor in economic growth. Course euro / dollar jumped nearly on 8% from four year’s minimum, which was made on 7 June, because concerns about the debt problems of the euro zone were weakened.

Countries of the euro zone which have problems successfully sell their debts, which are in good demand among investors. Thus, Spain, Ireland and Greece over the past two weeks have placed state bonds for $ 13 billion, according to "Bloomberg". However, Ukraine refused on placing Eurobonds after holding meetings with investors in favor of cheaper sources of funding. The experts interviewed by Liga believe that successful placements of debts of European countries will have a positive impact on the euro, but this factor is unlikely to be decisive.

Growth in real gross domestic product (GDP) in 2010 may reach 3.3%, and in 2011 accelerated to 4.5%. Such predictions are in a credit withdrawal of the international rating agency Moody's Investors Service, a copy of which is available on the Website of Ministry of Finance of Ukraine.

A Tax code caused an enormous discussion. To the autumn it is expected the bringing in hundreds or thousands of amendments. However for the businessmen rather important the implementation of the law. In particular, exporters hope that VAT will be returned.

The appetites of the Incorporated shipbuilding corporation (ISC), declaring about the possible plugging in the Ukrainian plants, are growing. If until now the question was only about two plants, then now six enterprises entered in short – list of ISC already, RBC reports.

Not only state shipyards but also plants which belong to the businessman Vadim Novinsky appeared among them.

Discussion of the draft tax code, negotiations with the International Monetary Fund, transpositions in the government – all that takes on a background the work of the Committee of economic reform on presidential programme of economic reforms and reformation of financial sector.

The main danger of the new draft Tax Code - it offers too many changes, experts say. Proposed by Mykola Azarov draft of new Tax Code has received a lot of criticism from employers and from some members of coalition and the opposition, and by the expert environment. President Yanukovych called the draft Tax Code "unbalanced" and "need to be finished".

Valery Novitsky, Deputy Head of the Ukrainian Union of economists, deputy director of the Institute of World Economy and International Relations, National Academy of Sciences, Doctor of Economic Sciences, professor:

Many businesses are concerned about this project. I would say that not all fears hundred percent accurate. Not all criticism is valid, but in reality there are points on which it is worth think about.

The Cabinet of Ministers will ask the International Monetary Fund permission to use at least $ 2 billion received from the 2010 funds to cover the budget deficit.

This assumption is expressed in the comments to UNIAN by the economist Astrum Investment Management Alexei Blinov.

Development Programme of the United Nations speaks about the need of raising the retirement age in Ukraine. This was said by UNDP Resident Representative in Ukraine Olive Adam during the presentation of the research "The demographic and financial assumptions for pension reform in Ukraine: outlook to 2050".

"The best solution - raising the retirement age in order to avoid such a huge pressure on the Ukrainian pension system," - he said.

Negotiations with the International Monetary Fund (IMF) regarding the loan to Ukraine are completed, said the Prime Minister of Ukraine Mykola Azarov on July 14.

"Financial support of the IMF will allow Ukraine to withstand the impact of the ongoing world financial events", - Azarov said.

On 1 July 2010 registered in the Ukrainian employment centers were 411.2 thousand unemployed citizens, including the status of the unemployed had 398.7 thousand, according to the Tuesday message of the State Employment Center of the Ministry of Labor and Social Policy of Ukraine.

The banking system of Ukraine as it turned out – is stronger than in other European countries

National Bank of Ukraine tougher approached to the regulation of the banking sector than other European regulators, so that the system had passed the crisis with the smaller losses, as said the deputy chairman of the National Bank of Ukraine Vasyl Pasichnik during a meeting of the Finance Press Club "Reliability of banks: how to avoid recurrence of crisis" .

According to Pasichnik, when other states were liquidating banks - in Ukraine results (in percentages) are significantly better - in 2009-2010, it was decided to eliminate only 13 banks, while international financial institutions predicted the elimination of about 30% of Ukrainian banks.

In Brussels it was held the 12-th round of negotiations between the European Union and Ukraine about the agreement to establish a deep free trade area. The stakeholders are working on this document for more than two years. Some sections of this document are almost completed already, even those that previously caused the greatest controversy.

The European side predicts that if the talks will continue in the existing regime, they could be completed within a year. But for the Ukrainian side, according to the head of the delegation, Deputy Economy Minister Valeriy Pyatnitskii, is important not speed, but quality.

International rating agency Fitch had upgraded long-term rating of Ukraine under obligations in foreign and local currency from "B-" to "B". As it was reported, the rating outlook is stable.

It is worth to note that the increase in ratings is caused by the agreements of Ukraine and the International Monetary Fund to provide under the stand by agreement a loan in 14.9 billion dollars.

In addition, the agency believes that such an agreement strengthens the confidence in political and financial situation in the country, and also reduces the risks of macroeconomic and financial instability.

Answer: when they will clean their cities.

Non-governmental organizations on the occasion of World Environment Day, celebrated on 5 June, decided to organize a large-scale harvesting of Kiev in all 10 districts of the city. About 2,000 activists - the citizens of Kiev and representatives of NGOs, journalists - agreed to clean 25 biggest parks of the capital, also on this day it was signed a petition in CPDA about an educational campaign, the installation of more bins, fining people who litter and the introduction of separate collection of waste in Kiev.

UNIAN

The Ukrainian fund market searches inspiration in a world economy.

On a past week the Ukrainian fund market was oriented on world grounds and demonstrated some growth, recommencing after a previous correction.

As a strategist of company Astrum Investment Management, Kostyantin Litvin reported, in Monday positive macro - statistics moved the world markets of actions upwards, and indexes of funds were on new maximums. On international grounds there was a growth due to positive information in relation to a labour-market in the USA, and also to the Monday news from the market of the real estate and sphere of services of the American economy.

For development of hotel business in Ukraine its representatives will get to 2021 year a privilege as a zero rate of income tax.

Yesterday in Donetsk the vice-prime minister of Ukraine on questions of preparation to Euro-2012 Boris KOLESNIKOV revealed about it to the journalists after a visit of president of UEFA Mishelya PLATINI.to a stadium «Donbass Arena».

 As the own correspondent of UNIAN in Brussels reporting, they talked about it today on a council-board foreign affairs of EU.

There “is a clear consensus in relation to the granting Ukraine a “travelling card”, but at clear terms”, - the interlocutor of agency said.

At the same time, according to a source, most positively Sweden and Latvia spoke out to the granting Ukraine a “travelling card”. Austria expressed certain fears in relation to the necessity of providing of safety from criminality. Finland considers also, that EU must be very careful at the granting of “travelling card” to Ukraine.

By Marcin Sobczyk
Polish computer hardware distributor Action decided to pull out of Ukraine and sell shares in its unit there.
Despite Action’s huge loss on the entire investment, analysts who cover this Warsaw-listed company offered a loud sigh of relief after the pullout as Ukrainian operations continued to generate losses from quarter to quarter without any promise of a better tomorrow.
The company said it views the situation in Ukraine negatively, as declining gross domestic product, high inflation and unemployment mean the country’s economy will be depressed for many quarters ahead.
Flashback to the early 1990s — some politicians, maybe listening to what Russia was saying or maybe just being useful idiots, were saying Poland was wrong in reorienting its own economy from Comecon to the West. Why go West if you have the vast markets of the East, they would say?

Dalian, People’s Republic of China, 8 September 2009 - http://www.weforum.org/GCR

The Global Competitiveness Report 2009-2010, released today by the World Economic Forum ahead of its Annual Meeting of the New Champions 2009 in Dalian. The United States falls one place to second position, with weakening in its financial markets and macroeconomic stability. Singapore, Sweden and Denmark round out the top five. European economies continue to prevail in the top 10 with Finland, Germany and the Netherlands following suit. The United Kingdom, while remaining very competitive, has continued its fall from last year, moving down one more place this year to 13th, mainly attributable to continuing weakening of its financial markets

The IMD World Competitiveness Yearbook (WCY) is the leading annual report on the competitiveness of nations and has been published by IMD since 1989. The yearbook benchmarks the performance of 57 countries (Kazakhstan and Qatar are new in 2009) based on 329 criteria measuring different facets of competitiveness. http://www.imd.ch/research/publications/wcy/index.cfm