Medvedev: the government will continue support of agricultural producers

"We, naturally, will continue agriculture support... All conversations that it is curtailed, and that money for it doesn't suffice - nonsense... Money for support of the village in the budget it is put enough if won't suffice, we will find additional resources", - the head of the government told, acting within the All-Russia agroindustrial Golden autumn exhibition.

Medvedev added that payments on hectare of cultivated areas and a subsidy for agricultural machinery purchase, in particular, will be continued.

"We will continue them", - the head of the government told.

He also emphasized that all decisions which concerned decrease in tax load of agricultural producers, won't be revised. "About 18 billion rubles is only privileges in the area of the village", - Medvedev specified.

The prime minister promised that "the village doesn't leave the government". "Let's look, we will monitor. as as occurs within the country and in the world markets which too develop", - it continued.

Medvedev congratulated participants of an exhibition and thanked them for good results, having noted at the same time that year was difficult.
"Year was really hard... If to speak in comparison with 2011, of course, because of a drought in a number of regions the crop was not such as we wanted", - the head of the government ascertained.

However, Medvedev emphasized that the crop "covers all internal requirements and keeps an export potential taking into account passing stocks". The head of the government added that the total area of summer crops grew in nine months by 8 %, production of products of poultry farming for 15 %, and svinovodstvo - for 7 %.

Medvedev emphasized that presented to it at an exhibition production and agroindustrial projects of regions make good impression. "The number of participants of an exhibition grows. This year of their about 2 thousand from 61 regions. The maximum number of participants from foreign countries", - the head of the government told. Medvedev praised landowners and wished them success.

Having come to an exposition, the head of the government first of all familiarized with the stand of the Ministry of Agriculture: department presented an interactive map of agricultural projects in various regions of the countries. Then Medvedev passed in the museum created specially to an exhibition - in it exhibits of the All-Russia Exhibition Centre and Timiryazevsky academy on agricultural subject are collected.

To the head of the government showed the honourable book which was conducted with the moment of opening of an exhibition in 1939. Workers of a museum told that the version of the Book of honor of workers of agriculture - the electronic directory "Labor dynasties" is now created. In it about 100 dynasties from 20 subjects of Russia are already collected. Medvedev familiarized from the online version of the electronic directory presented on iPad, and employees of an exposition presented this planshetnik a premiere as a gift.

Medvedev was interested by samples of the reference chernozem also presented at an exhibition from th"Alexey Vasilyevich Gordeyev (the governor of the Voronezh region, in 1999-2009 head of the Ministry of Agriculture) correctly chose to itself this province", - the head of the Ministry of Agriculture of Russia accompanying the prime minister Nikolay Fedorov told.

"A problem that when you will leave a post of the minister - the second Voronezh province isn't present. But nearby there are other chernozem (regions)", - the prime minister answered.

At parting the head of the government left entry in the memorable book of an exposition, having congratulated landowners on coming Day of the worker of agriculture.

After that Medvedev familiarized with expositions of regions of Russia: in the Rostov region the premiere was shown by agricultural products samples, including from meat of a turkey; at the stand of Tatarstan the head of the government was interested by the presented model of a family farm - the modern complex allows a family from three people on one farm to grow up about 25 cows.

Representatives of Kabardino-Balkaria showed to the prime minister semi-kilogram apples: agriculture development in the republic goes with assistance of the federal program of the Ministry of Agriculture of Russia.

"Next time, when we will approach, apples should be kilogram", - the prime minister joked.

At the stand of the Karachay-Cherkessia the monitor by means of which on a video conferencing of premieres talked to a labor dynasty of villagers was established, having congratulated them on a coming holiday.

At other stand new technologies on removal of chickens were shown. Literally just hatching baby birds drew attention of the prime minister and officials accompanying it - some of chickens approached closely to plexiglass glass of an incubator, with interest examining members of the government.

In Ukraine came into force a law banning the advertising of cigarettes - reports "Vesti FM"

In Ukraine on Sunday, entered into force a law on banning the advertisement of tobacco products, the lotteries and shares with the purpose of increasing sales of this product. For the violation of may face a fine of up to 50 thousand hryvnias - it is about 6 thousand 200 dollars, transmits radio "Vesti FM". The document was signed by the President, Viktor Yanukovych, in March. As informs ITAR-TASS, the advertising of cigarettes charged on Sunday with facades of shops and trading halls. - reports "Vesti FM" on page http://www.radiovesti.ru/articles/2012-09-16/fm/66445

 

 

Initial investment: where to find funds for the start of the project

A few ways to find the money to make the idea to the project, which can be shown to third-party investors

The classic rule of the search initial investment 3 F works all over the world, can help the family (family), friends (friends) or fools (fools). Here are a few ways to find the money to make the idea to the project, which already can be shown to third-party investors.
Sergey Novikov, the IT-Director of Pharma companies Egis, quit Smoking five years ago, but to snuff it is still sometimes pulls. Deciding to try the electronic cigarette, was disappointed in the production of Chinese firms: the batteries quickly sat on leaking fluid, etc. Engineer by education, Sergey decided to understand the operation of an e-cigarette, and it was a hand and till the next step is to try to do something similar yourself.

The first prototype was assembled at the end of 2010 from water supply pipes and couplings, purchased on the construction market. Looked device homely, but worked. Novikov continued to improve its design, bought for 80 000 rubles lathe. Interest in developing showed other lovers of electronic Smoking from the forum on the specialized site of Ecigtalk.ruall of them were ready to make a prepayment. Novikov found via the Internet Turner in Ukraine, who is ready to take up the larger party. Where to get the money for the extension of production? Give interest to the bankers did not want to. Novikov persuaded his wife to risk the family budget, «She financier, had a business plan to protect». In the end, the spouses have agreed to spend on the business of one of the salaries fully (the more so that, while his wife was in the decree, are used to save). In total for the year of the family has invested in a matter of about 1 million rubles.

The first year of Novikov developed business in parallel with the main work. 4 in the morning he went to meet the train from Donetsk, which passed the bag with the finished parts, then drove to the office. As the business project did not come out of the stable profit, leaving work was risky.

Hobby gradually developed into business Novikov registered LLC and hired an assistant. In 2012 opened the Internet-shop on your own site Svoemesto.ru. For the first four months of the year 2012, he sold more than 500 sets of electronic cigarettes of its own design for the price of 1800-7300 rubles per set (margin of about 30%). As soon as there comes a new party, she sells on average for 8 minutes. According to Novikov, the turnover of the shop had reached the 1 million rubles. And Yes in the end of spring all the same he resigned from the Egis.
 From the budgetA dozen men - the tender Commission of the Yekaterinburg competition «Start your business» - very excited when, instead of a boring presentation of the project started a fashion show. The model showed dresses-transformers: the vest, turning into a Klatch, jacket, bag, dress, with eight styles. Creator of the collection of Anna Popova (21 years) just received the diploma of the designer clothes and wanted to open the business.

It was in November 2009 is a good time to start. After the crisis left the law, intended to stimulate the development of small companies. One of the measures - grants for opening of the business from Federal and regional budgets. Just for this grant and claimed Popov.

In each region the programme had its own peculiarities. In the Sverdlovsk region, for example, wishing offered to take a free three-stage program of teaching the basics of business and submit to the Commission a business plan for the next six months. The maximum grant amount was 300 000 rubles

 «The Commission had to protect their budgets, " says the designer. - Some projects notch because of unfounded expenditure.» Anna is clearly knew the requests: purchase of the fabric, payment of work of seamstresses, laptop, printer and embroidery machine (at the factory, where it was planned to sew collection, it was not). The jury of the competition in that day has allocated the full amount of the grant only to her. In total in 2009, grants for a total amount of 111 million rubles received 424 Sverdlovsk businessman.

The money came at the expense of Popova after a couple of days. In addition to the grant starting capital yet come and the subsidy for the unemployed, which shall issue to the opening of the case, - 58 000 rubles. In the summer of Popova called representatives of the regional administration and asked to report on expenditures. «I showed all the checks, " says Popov. "And were the girls who received grants and went to live abroad». And grant, and a grant issued free of charge.

By the end of the summer of revenue from the sale of the invented Popova dresses amounted to about 400 000 rubles, all the earned money yesterday a student has invested in the purchase of another party tissues, hiring seamstresses, rented a small office. Usually such business goes to zero for the year. Popova, due to the money, which is not supposed to return, managed to get profit much earlier.

Try to get a grant for opening of the business everyone can. In 2012, the Ministry allocates to support small and medium business in the regions of 19 billion rubles. These amounts are used by the regional authorities, they also set priorities, to whom and on what to give money. In the Sverdlovsk region, for example, grants to open a case may take advantage of the local people up to 30 years (in 2011 received support of 75 projects). Applicants need to submit an application to the regional Fund of support of small business and competition.

Anna Popova recently moved to Moscow and is going to develop its brand in the capital. «I have enough money to continue the business, - says the designer. "But without the grant I hardly could have something to start.»

 

Scientists revealed the field of diamonds in Yakutia in the trillions of Karat

These stocks of mankind have enough for 3 thousand years.

Scientists from the Institute of Geology and Mineralogy of the Siberian branch of the Russian Academy of Sciences in the course of innovation forum «Interra» told about the large Deposit of superhard diamond, which can radically change the situation in the market of precious stones. According to the Director of the Institute of Nikolai Pokhilenko, speech can go about trillions of carats, transfers «ITAR-TASS».

As it turned out, the particularly solid diamond - импактитов with unusual properties were detected annually in the 1970s Soviet scientists. The Deposit is located on the border of Krasnoyarsk region and Yakutia in the area of Попигайской астроблемы, where about 35 million years ago was formed  meteor crater.
However, the discovery of Soviet scientists decided to classify, since in those years, the government actively promoted the project to create a synthetic diamonds. After the lifting of the confidentiality of geologists were able to begin full-fledged study of the mineral.

Were that the diamonds in two times harder than normal. Besides, the found minerals differ in structure from a fellow. According to Pokhilenko, already the first results of the study enough to talk about a possible coup d'etat on the world diamond market: the resources of the unusual diamond, found in rocks астроблемы, on the order exceed those of all the explored world reserves, rocks here to trillions of carats, and this raw material enough humanity for 3 thousand years. The explored reserves of the deposits of Yakutia are assessed only in a billion carats.

Found the diamonds can be widely applied in industry, for example, in the processing of metals, manufacture of efficient semiconductors.

Meanwhile in other branches of the cool attitude to the valuable discovery. So, Deputy Director of the Institute "Якутнипромалмаз" Gennady Nikitin warns: «Попигайские diamonds can turn everything, and then what will be with the prices on this market - it is not clear».
Read more on Forbes.ru: http://www.forbes.ru/news/128681-uchenye-rassekretili-mestorozhdenie-almazov-v-yakutii-na-trilliony-karat

Russia made of Moldova package proposal on gas

SLIDES, 11-Sep - PRIME. Russia made the package proposal of Moldova on cooperation in the gas sphere, informed the Prime Minister of the Russian Federation Dmitry Medvedev.

The volume of transit through the territory of Moldova in the past year amounted to about 29 billion cubic meters, the supply of 3,09 billion cubic meters of natural gas to the amount of 1,06 billion dollars. The current contracts of "Gazprom" <GAZP> for the supply and transit of gas to Moldova are valid until the end of 2012. As said the Moldovan Prime-Minister in interview to the newspaper "Kommersant" on the eve of the visit to the Russian Federation, the current price that Moldova pays "Gazprom", is too high (389,88 dollars per thousand cubic meters in the second quarter against 382,24 of the dollar in the first).

"I made a package offer to our partners. We with Vladimir Vasilyevich (Filat - Prime-Minister of Moldova - ed.) very intensively discussed this issue. I've put all our arguments. They concern, including energy package of the EU," Medvedev said at a press-conference on the results of the negotiations with the Prime Minister of the Republic of Moldova.

In turn Filat expressed hope in the near future to reach principal agreements. "I hope that during a short period of time we get to the point, that we have agreed in principle, and in addition, will approach to the signing of intergovernmental agreements in the energy sphere, which must be the basis of the signing of the new agreement on deliveries of natural gas from the Russian Federation", - said the Prime Minister of Moldova.

According to Medvedev, Russia has differences with the European Union in the energy policy. "In particular, we are talking about the implementation of the energy packages. These packages, unfortunately, and in virtue of the fact how these rules are formulated, and how they are applied in practice - beat on the interests of the Russian Federation and Russian companies, including, naturally, the "Gazprom". Therefore, when making integrated energy solutions we have to take into account and membership in the relevant international organizations, including in the contract on the organization of the energy community," Medvedev said.

He also added that Russia has made an offer to Moldova on gas issues and waits for a response from the Moldovan side.

As noted for its part the Prime Minister of Moldova, the solution of this problem requires an integrated approach must take into account issues of Moldovan debt for Russian natural gas supplies.

"I hope that we all of these problems will not only discuss, but also find their solution", said Filat.

OJSC "Gazprom" plans to conclude an agreement with JSC "Молдовагаз" contract for supply in 2012-2014 gas in the amount of not more than 10.4 billion cubic meters for a total maximum amount of $ 3.9 billion. Gas transit through the territory of Moldova during this period, it is assumed in the amount of no more than 70 billion cubic meters. The cost of this service will cost the Russian gas holding in 172 million dollars.

Contracts on conditions of transit of natural gas through the territory of Moldova, OAO "Gazprom" and JSC "Молдовагаз" concluded annually.

In November 2011 Moldova proposed to "Gasprom" taken into account when signing a new contract of participation in the proposed country of investment projects on its territory.

The ex-Prime Minister of France, was detained on charges of fraud

In France the police arrested the ex-Prime Minister of the country Dominique de Villepin after interrogation on charges of fraud of more than EUR 1.6 million. Investigators believe that a politician was involved in the illegal activities of the Association of Relais & Chateaux collection of hotels, which unites over 500 luxurious restaurants and hotels in more than 60 countries of the world.

On Tuesday, Dominique de Villepin was summoned for interrogation in the case of Relais & Chateaux. However, according to the newspaper Le Monde, immediately after the conversation with the investigator of the former Prime Minister placed in a cell gendarmerie in the 16th district of Paris.

The activities of the Association Relais & Chateaux attracted the attention of the police in the past year. In November 2011 on suspicion of financial machinations was arrested Flash Bulo, who as head of the Association from 2002 to 2008. It turned out that Mr. Willows, using the system of hidden Commission payments, awarded approximately $ 1.6 million. However fraud for a long time he could not hide - learn about it colleagues Flash Bulo in the leadership of Relais & Chateaux. Then, according to the police, the case was a close friend of Mr. Willows, Dominique de Villepin, who then headed the government of France. He seemed to be convinced of the Association do not contact the police in connection with the discovered fraud.

As the ex-Prime Minister of France, wanted to become the President of
Dominique de Villepin promised the French «lots of surprises»...
The conclusions of the investigation are based on the recording of telephone conversations of the then Prime Minister and Regis Was caught up recently at the disposal of the police. «Scared them in ten times more than they could ever imagine», said Dominique de Villepin friend during one of the conversations. The former Prime Minister categorically denied his involvement in the scandal. «You can be friends with the person, but not necessarily for it to delve into his financial Affairs,» - said he in his time the TV channel TF1.
Details: http://www.kommersant.ru/doc-y/2020280

Russia will hold consultations with the European Commission for «Gazprom»

The Vice-Premier of the Russian Federation Arkady Dvorkovich expressed the hope that the European Commission will conduct a fair investigation into the actions of Russian giant

Russia in the next few days will hold consultations with the European Commission (EC) on the situation with the claims of the EU to «Gazprom». About this has informed the Vice-Premier of the Russian Federation Arkady Dvorkovich, RIA «news». «I also have agreed about a meeting in the coming weeks with the [European Commissioner for energy of the] Lord [Guenter] Этингером,» the official said at the investment conference of the savings Bank and Troika Dialogue», which is London.

The EC suspects «Gazprom» in the abuse of his position in most of the countries of Central and Eastern Europe, these violations resulted in the restriction of «Gazprom» competition. In particular, the Russian energy giant has blocked deliveries of gas from one country to another and raised prices for hydrocarbons, consider the European officials. The EC has started an investigation against «Gazprom» on September 4 at the request of the Republic of Lithuania. The situation has already commented on the President of Russia Vladimir Putin, and one of the leaders of «Gazprom» very strongly expressed in the address of the EC. However, «Gazprom» announced about the readiness to the dialogue with Brussels. If the EC acknowledges the Russian giant guilty, he faces a fine of 10 billion euros.

Dvorkovich noted that, in his opinion, «Gazprom» - is a very reliable partner for the European Union. «I think that in this case, Europe is trying to solve its own problems, using Russian resources. I don't think this is the right path,» said the Vice-Premier of Russia. He expressed the hope that the EC will conduct a fair investigation. Dvorkovich called to solve this problem exclusively in the economic plane, noting that «in this situation too much politics.»

Experts predict prices fall in Russia

Because of the decrease in grain yield, food prices began to rise now. In July of this year, food prices rose more strongly than in the dry and hot July of 2010.

The fact that the prices of some food products will rise, market participants have no doubt. The dispute is only about when prices will stop.
Back in July, representatives of the Russian Ministry of Agriculture predicted that the grain harvest this year will be 85 million tons. In early August, they warned that the crop may fall to 70-75 million tons.

Meanwhile, the USDA lowered its forecast for Russia's wheat harvest to 49 million tonnes (in the July report) to 41.5 million tons (today).

In 2010, due to fire and drought total grain harvest of 61 million tons of grain. Then, Russia was forced to impose a ban on grain exports.
Flooding in the Kuban

"There is a risk that the situation will evolve, as in 2007-2008," said in an interview with Reuters analyst at the UN Food and Agriculture Organization Abdolreza Abbasian. "There are expectations that this time will not be restrictions on the market, so such a serious situation, as in 2007-2008 will not be," - said the expert.

"Internally, [Russian] market can be expected to continue rising prices due to the expectations of grain harvest in the fall of 2012, and a sharp drop in stocks" - written in the review of commodity markets, financial experts of "discovery."

"Due to the high prices of exports slowed slightly: as of the first week of July, it was taken out of 275 thousand tons of grain (340 thousand tons last year during the same period), including 225 thousand tons of wheat," - experts add.

Flooding in the Krasnodar region did not have a material adverse effect on the crops of grain, but the destruction of road routes may slow the shipment for export.
  Growth in food prices
 Prices of many food items - from milk to bread - is expected to grow by an average of 5-15%. The representative of X5 Retail Group (Shops "Crossroads," "Pyaterochka", "Carousel", "penny") Svetlana Vitkovskaya told BBC BBC that "there are no sharp fluctuations in the market is not expected."
Risk of deficiency is only for buckwheat, due to fires in the Altai, explained Vitkovskaya. Rise in price of bread, flour, pasta, milk, chicken, vegetable oil, eggs, beef and pork. Vegetables - carrots, cabbage, potatoes - and sugar, however, fall in price.
Meat and milk are becoming more expensive due to lower grain yield. Vegetables become cheaper as farmers harvest.
Dairy prices rise from late July to 3-4 rubles a week, said Sergei Gurzo, Purchasing Director of "Altervest."
For example, in the early summer of a kilogram of butter fat content of 72% of cost 105-109 rubles (for bulk purchase), now - 120-121 rubles, according Gurzo. A milk powder in June cost 105 rubles, while now - 115.Rumors on milk
Traders said the rise in milk prices will continue for another few weeks.
Sergei Gurzo who buys milk from the Belarusian producers, said that information on exactly how much prices would rise, no, because the data on finite stocks of milk authorities did not disclose. Because of this, there are many rumors. For some of these stocks have enough milk so that in a month the prices will start to decline.
 According to the National Union of Milk "SOYUZMOLOKO", the cost of a liter of milk increased by 2 rubles, since almost doubled compared to 2011, prices for feed.
In order to curb the rise in the price of milk to consumers, representatives of "SOYUZMOLOKO" asked at the end of July the state subsidy for the purchase of food.

Lenders will assess Greece's efforts to overcome the crisis

Three representatives of international creditors arrive in Greece to assess the benefits of its huge debts.

They have to decide whether Greece has the right to receive 31.5 billion euros - the last tranche of the agreed aid package in March to 130 billion euros.
Athens behind the original plan to scale back spending and debt, as the country's economy is shrinking faster than predicted.

Greek prime minister, is expected to push for a longer period of repayment of loans.

The three creditors include the International Monetary Fund (IMF), the European Central Bank (ECB) and the European Commission.

The IMF said that "supports Greece in overcoming economic difficulties" and will work with the country to get her back "on track".

However, over the weekend there were suggestions that the IMF may deny Greece for further assistance.
Additional 50 billion

Greece has promised to cut the budget deficit to below 3% of its gross domestic product (GDP) by the end of 2014.

Late last year, Greece's budget deficit reached 9% of GDP.

Successive governments of Greece managed to cut public spending by 17 billion euros. According to published official data on Monday, it will reduce the overall debt of the country with a 160% to 132% of GDP.
In accordance with the terms of three international lenders, in 2020 Greece must reduce its debt to 120% of GDP.
However, to achieve this, the Prime Minister Antonis Samaras to find another 12 billion euros of tax increases and the sale of state assets, such as the loss-making railways.
Bad that Greece's economy shrinking faster than expected. Bank of Greece expects Greece's GDP will be reduced this year by 5% - this is the most serious recession since the 1930's.
As a result, economists estimate Greece may require third package of aid worth up to 50 billion euros.August payment
The work of three creditors and the Greek government to develop a credible plan to improve the financial situation of political instability has slowed as a result of which the country had some times be a general election, and the major parties tried to form a coalition government.
European Commission representative said that the trio would not be able to publish a decision on the allocation of the last tranche of 31.5 billion euros to September.
"The Commission is confident that the decision on the next payment will be made in the near future, although this is unlikely to happen before September," - he said.
Greece continues to be in a difficult situation. By August 20, she had to pay 3.8 billion euros the ECB debt.
ECB could still intervene to allocate Greece temporary assistance.
In September, Greece will have to pay the new amount in debt, otherwise the country may be on the verge of bankruptcy.
If Greece defaulted on its outstanding loans, it is, in turn, can make it out of the euro zone and return to the drachma.  

Greece asks for more time to reduce the deficit

Greek Prime Minister Antonis Samaras called on to give his country more time to carry out reforms and cuts in the state budget.

In an interview with the German newspaper Bild Samaras said that Greece needs time to "take a breath".
On Wednesday, Samaras meets with the head of the euro zone, Jean-Claude Juncker, at the end of the week - with the leaders of France and Germany.

It is expected that during the Greek Prime Minister will affect the extension of a 2-year period of Greece to reduce the budget deficit to the amount stipulated agreements with creditors.

EU and IMF should establish whether Greece has fulfilled its earlier promise, before Athens can receive in September next tranche of financial aid in the amount of 31.5 billion euros.

To do this, Antonis Samaras has to demonstrate that his government is committed to a promise to cut government spending by 11.5 billion euros in the next two years.

As reported from Athens BBC correspondent, BBC, Mark Lowen, Antonis Samaras said that Greece has lost time because of this year's elections, and that the process to reduce costs should be slowed down in order to make the lives of ordinary citizens of Greece.
Credit terms
"I want to be clear: we do not require additional funding. We are determined to deliver on their promises," - said in an interview with Samaras Bild. - But we need to spur economic growth in order to reduce our deficit. We just want a little time for a break for a quick revival of the economy and increase government revenue. "
However, a source in the government of Greece, told the BBC BBC that Samaras will not insist on this proposal because of concerns that it could cause a backlash creditors.
The so-called "troika" - the EU, IMF and European Central Bank - must decide on September unlock the next tranche of aid for Greece.
Until now, the leaders of the eurozone countries opposed any attempts to mitigate credit terms.
On Monday, German Finance Minister Guido Westerwelle insisted that Athens must do all have our obligations.
Greece received two packages of financial assistance from the EU and IMF - 130 billion euros in March of this year and 100 billion euros in May 2010, to Athens could pay their debts and to remain in the eurozone.
Under the terms of these loans government program cuts in public spending, pensions and wages in the state economy, which has led to serious economic difficulties for a large part of the population. 

Forex Technical Analysis on the eve of the company's solutions BoJ MyTrade Markets

Technical analysis of Forex market is represented by MyTrade Markets
Against the background of the fact that the Reserve Bank of Australia today decided to keep the size of the main interest rate unchanged at 3.5%, the Australian dollar has updated the local maxima, but the increase was short-lived asset and an important level of 1.0060 is a strong resistance on the way up the pair.
Forex technical analysis is better to start with an overview of the U.S. dollar index. This asset contains lots of useful information for traders and is often used as an indicator of the market.
The direction of the trend index of the dollar today - the rising, passing within a fairly broad channel. Time is now visible in the graphs downward torque that can be characterized as a correction of the last phase of growth from the bottom to the top of the price channel.
Yesterday correctional movement tested the level of 38.2% Fibonacci grid, and do not exclude the possibility of a more active testing at this level in the near future. Therefore, while we can assume the intention of the dollar index to move toward the "bottom", which in turn is the engine of growth of the world's major currencies against the U.S. dollar.
If you break the dollar index level of 38.2% Fibonacci retracement, "bear" movement will continue, and to deliver the next level - 50% Fibonacci grid, with a value of 81.38.
The graph of the index can be seen the figure of a graphical analysis of the "head & shoulders", dedicated oval gray color, and focusing on this pattern you can calculate the aims of the movement of an asset at the bottom.

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Forex Technical Analysis on the eve of the company's solutions BoJ MyTrade Markets07/08/2012 Author: Alex Category: Forex Analysis No reviews »


Technical analysis of Forex market is represented by MyTrade Markets
Against the background of the fact that the Reserve Bank of Australia today decided to keep the size of the main interest rate unchanged at 3.5%, the Australian dollar has updated the local maxima, but the increase was short-lived asset and an important level of 1.0060 is a strong resistance on the way up the pair.
Forex technical analysis is better to start with an overview of the U.S. dollar index. This asset contains lots of useful information for traders and is often used as an indicator of the market.
The direction of the trend index of the dollar today - the rising, passing within a fairly broad channel. Time is now visible in the graphs downward torque that can be characterized as a correction of the last phase of growth from the bottom to the top of the price channel.
Yesterday correctional movement tested the level of 38.2% Fibonacci grid, and do not exclude the possibility of a more active testing at this level in the near future. Therefore, while we can assume the intention of the dollar index to move toward the "bottom", which in turn is the engine of growth of the world's major currencies against the U.S. dollar.

Euro / dollar. Weekly schedule

Candles schedule weeks and divergence of important indicators (for example, shows RSI) imply the achievement of local activists bottom, which served as the starting point to start and develop within three weeks of correction. Moreover, even an increase to the level of 1.3150 does not change the direction of the downward trend. Apparent reason for the growth of the single European currency is not observed, and as shown by previous analysis of the dollar index, the growth of the EURUSD is the result of correction of the dollar.

Possible targets upward correction pairs are plotted daily:

 EUR / USD, a daily chart

Remedial objectives are calculated using the Fibonacci grid, and trend lines. If desired, you can couple the graph to determine the graphic shape "inverted head and shoulders." Of course, this forecast with graphical target with challenging goals, and determine which of them will stop definitely an asset, it is not possible. The only thing you can remember about the lack of fundamentals that support the growth of the single European currency, and suggests that corrective rise reaches high values.

On the development of motion of a pair USDJPY more appropriate to talk tomorrow, the eve of publication of decisions on the Bank of Japan monetary policy and interest rates

Federal banks are once again playing for high stakes?

RatingsFederal banks are once again playing for high stakes?29/03/2012In the fourth quarter of 2011, federal banking trio unexpectedly sharply increased its assets. However, some banks at the end of the year have chosen a more cautious policy and reduced the rate of increase of assets. These and other trends evident in the new rating of Tatarstan credit institutions in terms of assets, prepared TatSenter.ru.
A new wave of growth in banking
In 2011, the bankers seem to believe in themselves the impossibility of a second wave of crisis. Instead, the past year has brought a new wave of growth in the banking sector. Growth - the most pre-crisis: the total assets of credit institutions operating in the Republic of Tatarstan increased by 22%.
The growth of assets in the banking system as a whole RT



Assets on 01/01/2012, million rubles

The increase in 2011,%

Increase / decrease in IV quarter 2011,%

Increase / decrease over the first nine months of 2011,%
Banks RT

575 448

21.9

5.2

15.8
Affiliates

243 009

22.8

11.2

10.5
In general, the banking system of the Republic of Tatarstan

818 454

22.2

6.9

14
As already noted TatSenter.ru in rating banks on assets for the nine months of 2011, in the first three quarters of growth rates were in the lead banks of Tatarstan. But at the end of the year "the feds" suddenly jerked off the bat.
Federal "bird-troika"
The federal credit institutions in general were so would the entire fourth quarter 2011 in the wake of Tatarstan bank holder, if it were not for leaders: Sberbank, VTB, Gazprombank. This "bird-troika" of the largest banks in the country since October last suddenly ran "full speed", building up assets. VTB just over three months increased its assets by 57% (growth - more than 8 billion rubles), and Gazprombank - more than 2-fold (increase - almost 5 billion). Savings Rates can not be called a record, but in absolute terms, it also showed an increase in assets Their maximum (9 billion) for a group of federal banks.
The increase in assets of banks in the Republic of Tatarstan for the IV quarter 2011
Place

Bank

Assets on 01/01/2012, mln.

Increase / decrease for the IV quarter,%

Assets on 10/01/2011, mln.

Increase / decrease over the first nine months,%
A

AK BARS Bank

313 402

4.1

300 943

17.6
2

SAVINGS BANK

136 046

6.6

127 658

6.5
3

Tatfondbank

83,809

12.4

74,587

14.5
4

AKIBANK

24,141

-2.3

24,699

0.2
5

VTB

23,291

57.2

14,815

10.3
6

DEVON-CREDIT

22,111

-0.5

22,213

5.1
7

Agricultural Bank

21,897

-2.8

22,536

21.0
8

ZENIT

19,663

12.4

17,496

-0.5
9

BTA-KAZAN

19,424

11.2

17,475

19.7
10

SPURT

18,100

-2.4

18,553

25.0
11

ENERGOBANK

16,796

7.0

15,696

8.7
12

IntechBank

14,374

6.9

13,450

16.6
13

KAZAN

13,502

3.9

13,000

2.2
14

Avers

11,839

24.1

9537

95.9
15

GAZPROMBANK

8749

124.7

3893

35.8
16

RUSSIAN STANDARD

7392

35.3

5464

70.0
17

BANK OF KAZAN

5955

7.3

5549

12.9
18

AVTOGRADBANK

5615

6.4

5275

17.3
19

ANKORBANK

4461

-2.3

4566

28.0
20

District

4077

-19.9

5092

4.0
21

KAMKOMBANK

3988

8.5

3677

12.2
22

Alfa-Bank

3776

4.2

3625

43.0
23

MDM Bank

3222

-10.6

3603

5.0
24

TransCreditBank

3215

11.0

2896

10.7
25

TATSOTSBANK

3135

39.5

2247

42.0
26

MORTGAGE INVEST

3048

-1.3

3088

13.8
27

BANK OF MOSCOW

2641

-23.8

3466

-16.9
28

ROSBANK

2534

3.4

2451

14.1
29

Absolut Bank

2363

-3.6

2451

33.8
30

TATINVESTBANK

2242

0.9

2222

10.5
31

SOLID BANK

1907

-2.7

1960

61.1
32

Investtorgbank

1845

7.8

1711

28.4
33

Tatagroprombank

1744

7.4

1624

10.7
34

Svyaz-Bank

1214

-11.3

1368

n / a
35

URALSIB

1192

-20.3

1495

-11.6
36

BULGARU BANK

1070

15.6

926

14.9
37

KARA ALTYN

965

-1.2

977

7.6
38

Vneshprombank

751

38.8

541

155.2
39

B & N

534

27.4

419

3.2
40

UNIASTRUM BANK

447

12.3

398

12.4
41

KAMSKY HORIZON

407

19.0

342

6.5
42

AVTOKREDITBANK

395

32.6

298

6.4
43

IDELBANK

366

-4.9

385

-2.0
44

VOLGA-CREDIT

113

20.2

94

74.1
45

RADIOTECHBANK

112

12.0

100

1.0
46

Volga

58

-49.1

114

9.6
47

Stroycredit

48

n / a

n / a

n / a
Such a leap in such a short period of time could be explained by the major credit for Tatarstan's industrial giants. Representatives of federal banks have repeatedly said that the banks were again trust the big borrowers from Tatarstan, which ceased to operate in a crisis because of defaults and delinquencies. However, if the increase in the assets of the Savings Bank in the fourth quarter was parallel to the increase in the loan portfolio, the same can be said about the VTB and Gazprombank. Over the last three months of their loan portfolios grew not so much as assets: 4.5% (growth - 0,6 billion) and 30.5% respectively (1.1 billion rubles). And if you look at the annual dynamics of the asset, then VTB jerk at the end of 2011 compensated for the failure of the crisis.
Annual dynamics of the assets,%
Place

Bank

Assets on 01/01/2012

Increase / decrease over 2011

Increase / decrease over 2010

Increase / decrease over 2009
A

AK BARS Bank

313 402

22.4

6.7

10.8
2

SAVINGS BANK

136 046

13.5

24.8

12.5
3

Tatfondbank

83,809

28.7

15.6

25.8
4

AKIBANK

24,141

-2.1

16.9

46.7
5

VTB

23,291

73.4

-34.3

15.4
6

DEVON-CREDIT

22,111

4.6

-11.7

8.2
7

Agricultural Bank

21,897

17.6

38.7

24.3
8

ZENIT

19,663

11.8

31.3

14.3
9

BTA-KAZAN

19,424

33.1

25.3

24.6
10

SPURT

18,100

22.0

32.8

9.8
11

ENERGOBANK

16,796

16.3

15.8

31.8
12

IntechBank

14,374

24.6

29.9

52.0
13

KAZAN

13,502

6.2

0.2

24.8
14

Avers

11,839

143.2

-18.0

23.7
15

GAZPROMBANK

8749

205.2

n / a

n / a
16

RUSSIAN STANDARD

7392

130.0

82.0

n / a
17

BANK OF KAZAN

5955

21.2

15.2

15.9
18

AVTOGRADBANK

5615

24.9

51.7

23.5
19

ANKORBANK

4461

25.1

49.4

-1.4
20

District

4077

-16.7

47.3

22.8
21

KAMKOMBANK

3988

21.7

17.7

13.2
22

Alfa-Bank

3776

49.0

12.7

-33.1
23

MDM Bank

3222

-6.1

213.2

n / a
24

TransCreditBank

3215

22.9

405.8

433.0
25

TATSOTSBANK

3135

98.2

146.4

16.5
26

MORTGAGE INVEST

3048

12.3

-14.8

-3.5
27

BANK OF MOSCOW

2641

-36.7

17.0

-22.7
28

ROSBANK

2534

18.0

34.5

-15.3
29

Absolut Bank

2363

29.0

-18.5

-32.1
30

TATINVESTBANK

2242

11.5

7.0

8.1
31

SOLID BANK

1907

56.7

194.7

19.7
32

Investtorgbank

1845

38.4

205.0

85.2
33

Tatagroprombank

1744

18.9

-4.5

10.5
34

Svyaz-Bank

1214

n / a

n / a

n / a
35

URALSIB

1192

-29.5

24.2

10.2
36

BULGARU BANK

1070

32.8

49.5

25.6
37

KARA ALTYN

965

6.3

-8.6

21.4
38

Vneshprombank

751

254.2

1530.8

n / a
39

B & N

534

31.5

n / a

n / a
40

UNIASTRUM BANK

447

26.3

-46.0

36.4
41

KAMSKY HORIZON

407

26.8

42.0

10.2
42

AVTOKREDITBANK

395

41.1

3.3

n / a
43

IDELBANK

366

-6.9

20.9

-15.1
44

VOLGA-CREDIT

113

109.3

157.1

-32.3
45

RADIOTECHBANK

112

13.1

n / a

n / a
46

Volga

58

-44.2

n / a

n / a
47

Stroycredit

48

n / a

n / a

n / a
Racing in the assets of the largest state-owned banks may be due to seasonality in their corporate clients. For example, at the end of the year from federal banks to settle large balances on current accounts or deposits of large enterprises. The banks may be used for posting are not loans, and some low-yield instruments, such as deposits of the Central Bank.
Who "hit the brakes"?
The rest of the first three quarters of trends noted in the ranking of banks by assets for the nine months of 2011 as a whole survived to the end of the year. Those changes, which can now be seen, appeared on the background of the fact that some banks have slowed down the rate of increase of assets. In particular, despite the growth in assets during the first three quarters of 2011, over recent months to reduce went Akibank, Devon-Credit, Agricultural Bank, Spurt Bank and others. What caused such a cautious behavior at the end of the year: the expectation of a crisis or a desire to "play the numbers" before the annual report, TatCenter.ru try to reflect in the ratings on the next banking business portal.
Shares of banks
Place

Bank

Assets on 01/01/2012
A

AK BARS Bank

313 402
2

SAVINGS BANK

136 046
3

Tatfondbank

83,809
4

AKIBANK

24,141
5

VTB

23,291
6

DEVON-CREDIT

22,111
7

Agricultural Bank

21,897
8

ZENIT

19,663
9

BTA-KAZAN

19,424
10

SPURT

18,100
11

ENERGOBANK

16,796
12

IntechBank

14,374
13

KAZAN

13,502
14

Avers

11,839



OTHER

79,580
Methods of rating
The rankings are based on official statements of banks, as well as published data of the Central Bank of the Russian Federation and the National Bank of the Republic of Tatarstan.
The rating includes all Tatarstan banks and branches of banks from other regions, registered in the Republic of Tatarstan as of 01/01/2012. The rating does not include credit institutions, with the republic additional offices, but not registered a branch, since on the basis of their statements can not provide figures related only to the economy of the Republic of Tatarstan.
The rating takes into account data on 01/01/2012.
On Solid Bank are consolidated data on the two branches: in Kazan and in Almetyevsk.

On the dynamics of currencies, stock markets and shares

What was the dynamics of the stock market in July 2012?
Z.ShafikovaZakiya Shafikova, general director of "investment company" Elemte "expert TatCenter.ru portal on the stock market. (This report was prepared with the support of the federal partner of" Aton "):
- The Russian stock market in July as a month earlier, sought to make to strengthen its position, however, the increase was much less confident. The main MICEX and RTS, after updating the maximum values ​​in early July, during the month remained near the levels achieved, and were followed by attempts to increase quite significantly reduced. As a result, the MICEX index gained only 1.4% and the RTS index rose 2%, significantly slowing the rate of increase compared to June.
The volatility of our sites was caused by an abundance of important events abroad and in different directions in response to these foreign investors. Much attention continues to be shackled to a problem in Europe, as well as state of the economy of China and the United States. Markets have provided support to the expectations of major central banks to support the economies of the new measures, while the fears of worsening situation in countries such as Greece and Spain, by contrast, have contributed to significant sales. Several stabilize the situation at the end of the month helped a statement by the European Central Bank, Mario Draghi of the intention to do everything necessary to maintain the euro and the eurozone, which later joined by other world financial and political leaders.
In late July, so once again prevailed in the markets optimism generated by hopes for support from central banks, as well as the possible introduction of additional mechanisms for European leaders to overcome the crisis. However, this does not guarantee that investors will not disappoint the authorities and that the latter was soon up to their promises. Players on the rise it is worth remembering the high volatility of the markets and the risks of repeat sales.
S.SemenovSergey Semyonov, director of the Graduate School of Alpari traders, expert portal TatCenter.ru Market FOREX:
- The situation in Europe is still not happy, which is reflected in the assessments of rating agencies. In this case there is not only economic but also political factors. U.S. now do not need a competitor in the form of the euro, Europe's problems and increase the demand for the dollar and U.S. government bonds. Thus at the North American states their problem with the budget deficit, and all the world's major credit rating agencies are American.
In addition to the problem of Greece is actively discussing the issue in Spain and Italy, as well as possible measures to stabilize the situation. Unemployment is high, the economy is in recession. The ECB has lowered the rate, was also made several statements in support of a single euro. However, lower rates led only to a weakening of the euro against the dollar to the level of 1,21-1,22, with the evil tongues say that Greece could leave the euro zone as early as September. Course is likely to further strengthening of the dollar against the euro, the immediate goal is the level of 1.17.
Strengthening of the dollar against the euro will be negative for the commodity markets, which have supported the military-political risks in the Middle East. The stabilization of the situation in the oil market had a positive impact on the course of the Russian ruble. The ruble is still a paper oil, the whole of July, the Russian ruble against the U.S. dollar was stable. The Russian ruble as several strengthened against the euro, which was caused, above all, the weakening of the euro in global financial markets. Of course, if oil prices remain stable, while the dollar continues to strengthen against the euro, the euro will continue to weaken against the Russian ruble.