Finance

The UK Government announced its intention to guarantee all savings of up to EUR shch000 told AFP. Determining the amount of H3 percent higher than the current guaranteed maximum. The decision comes into force on Tuesday, October 7. On Tuesday, Ireland passed a law on the state of emergency in order to guarantee all deposits in the N largest banks, prompting accusations of unfair competition from London.

For the 13-month low against the dollar weakening euro, Bloomberg reports. The reason for the worsening situation in Europe. The euro fell to 1.3 sh00 dollars before the euro. In the euro hit 1.35 dollars on the price of w1, which is its lowest value since the beginning of September 2007, between the fourth consecutive day of crude oil is cheaper. The reason for concern that the slowing global economy will adversely affect the demand for fuel. Crude oil for November delivery fell 3 ch8 to $ 90, N0 dollars per barrel in electronic trading in New York. London sort of "Brent" for November delivery lost 3.2 m in dollars or 85.10 dollars per barrel.

The German Government, the Central Bank and a consortium of private banks have agreed to release 50 billion euros in order to solve problems with Hypo Real Estate, "said Bloomberg. Financial Sector agreed to double a credit line for Hypo Real Estate 30 billion euros, Torsten Albig said a spokesman for Germany's finance minister Peer Steinbrueck. Representatives of the German government and the Central Bank said that Hypo Real Estate, "is too important and the largest bank to be allowed to fail.

Inflation in Russia in September remained unchanged - 15%, according to Bloomberg, quoted etson. BG. Ravnishteto of the CPI to keep in touch with the vegetables and cheap fuel, which was partially offset by appreciation mesoto. On a monthly inflation rate based on Rose in September from 0.8% growth in 0, h% in August. Economists had expected the annual inflation rate of 1 hour, 9 percent.

Distressed bank Bradford & Bingley will be nationalized and its good assets would be transferred to the Spanish bank Santander, and risky assets will remain for the state. This was announced by the British Ministry of Finance. Santander said it would pay 773 million nearly 200 branches B & B. Spanish bank already owns a British bank and the Abbe's going to get another Alliance & Leitsester, assumes responsibility for 20 billion lire deposited by a customer B & B, which were assigned to the Abbey.

Irish government guarantees all bank deposits for two years. This is because the global financial, which are strongly influenced by the shares of Irish banks, Reuters reported. Guarantees covering the United Irish Bank, Bank of Ireland, Anglo Irish Bank, Bank End parmanant Ayrish life, "Irish National Building Society and Society for the construction of education. On September 20, days after U.S. investment bank Lehman Brothers went under bankruptcy, the Irish government raised the amount of government-guaranteed deposits from 20. 000 euros to 100.

Stock Exchange in Milan yesterday on the second business day Unicredit said a serious recession. After almost 10 percent earlier in the week on Tuesday, the company's shares have fallen by 12 sh7 hundred. Tozi reduction in the overall context of all companies, including banks, said Levon DarikFinentse. BG Hampartsumyan, CEO of Bulbank UniYredit. Hampartzoumian firmly convinced that this will not affect the stability of Bulbank.

U. S. Senate approved the proposed package of government measures to combat the financial crisis, world news agencies reported. The text provides for the state will allocate $ 700 billion for the purchase of investment bonds have lost liquidity, and thus to stabilize the financial system. The amount will be provided in three parts: the initial amount of 250 billion dollars in additional $ 100 billion after President believes that an emergency situation, and the $ 350 billion in May 2009 creating Predvizhda supervisor for use of funds.

Levon Hampartsumyan, CEO of a leading bank in the country recommend a loan for the calculation of contributions so that they are not on the edge of possibilities. He added, cited by BNR, that mortgages a good look at what will be the policy of 5 percent compared to that contained in the contract. Hampartsumyan who works Bulbank, once again emphasized that the sharp movements of owners of shares of financial institutions Unitsredit not affect our country.

Total traded turnover of the Bulgarian Stock Exchange from January 1 to September 30 amounted to 2.21 billion, according to these institutions and Profit. BG. In the first nine months of the year amounted to 311,000 transactions in which transferred 517 790 000 lots. Recall that in 2007 an exchange of thousands of transactions and ch90 1.11 billion deal 99ch0 million turnover.