#TTIP ‘ Dutch activists come out in force against secret trade deal #TTIPalarm

@AceFinanceNews – Featured Report: Update:June.09: Activists in the Netherlands on Tuesday started an online campaign against the controversial free trade agreement between the United States and the European Union, a day before the European Parliament will vote on the deal.

#TTIPalarm
#TTIPalarm

Calls for ‘TTIP Light’ Amid Charges of Secrecy and Lack of Trust

MOSCOW (Sputnik) –  Opponents say that the EU-US Transatlantic Trade and Investment Partnership (TTIP) deal will benefit big corporations rather than ordinary citizens, as the deal’s Investor-State Dispute Settlement (ISDS) system would enable foreign investors to sue states for damages.

Several watchdogs called on Twitter users on Tuesday to urge Dutch members of the European Parliament to vote against the ISDS, using hashtag #TTIPalarm, according to the campaign’s Facebook page.

“We do not want companies and the US government to decide what our rules, laws and standards should look like. Such things threaten our democracy,” the rights groups said in a statement.

Following the start of the campaign, #TTIPalarm became one of the top trending topics in the Netherlands on Tuesday.

Over 2 million people have signed an online petition against TTIP and a similar deal with Canada, known as the Comprehensive Economic and Trade Agreement.

On April 18, waves of protests against TTIP spread across Europe, with tens of thousands of people taking to the streets to express their dissatisfaction at the speed and secrecy of the treaty negotiations and the possible negative impact of the deal.

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GREECE: ‘ Tsipras rejects Samaras proposal to join Government ‘

#AceFinanceReport – Featured Update:June.06: Greek Prime Minister Alexis Tsipras rejected opposition leader Antonis Samaras’ proposal to join the government and adopt a common stance on stalled debt repayment talks, Greek Deputy Defense Minister told Sputnik on Saturday.

' Greece Against them All '
‘ Greece Against them All ‘

“Mr. Samaras informed Mr. Tsipras through his speech that he would not accept any type of common front with Mr. Tsipras, unless Nea Demokratia became part of the government,” Costas Isychos said.

Tsipras addressed the Greek parliament on Friday after the latest failed attempt to reach an agreement on a bailout package with European lenders.

Samaras, former prime minister who lost this year’s election to Tsipras’ left-wing Syriza, lambasted Tsipras for lack of achievements in negotiations and called on him to “join the national consensus” offered by New Democracy.

“Mr. Tsipras did not agree on this,” the defense official told Sputnik.

Isychos added that European Commission President Jean-Claude Juncker’s plan was largely rejected by “most of the leaders of the opposition.”

“But at the same time [they] were in disagreement with Mr. Tsipras’ proposal to the institutions,” he told Sputnik.

Greece skipped a scheduled $330-million repayment to the International Monetary Fund (IMF) on Friday, offering instead to make a single payment by the end of June.

Under Athens’ current bailout deal with IMF, expiring at the end of the month, Greece is expected to repay a total of $1.8 billion.

Ace Related News:

Tsipras Timeline of Debt Management

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WASHINGTON: ‘ WORLD FINANCIAL LEADERS PLEDGE TO ACT BOLDLY ON WEAK ECONOMY ‘

#AceFinanceNews – WASHINGTON – October 12 – World financial leaders are pledging to act boldly and ambitiously to give a weak and uneven global recovery some momentum, but they have often fallen short in the past when trying to follow through on their promises.

The pledge from the International Monetary Fund’s policy-setting committee comes after a week of volatile swings in the financial markets – powered by concerns that parts of Europe may be sliding into another recession.

Source: Extract Courtesy of AP 

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BRITAIN: ‘ Osborne Believes His Own Rhetoric By Trying to Convince Us He is Telling the Truth ‘

#AceFinanceNews – London – October 09 Chancellor George Osborne has warned that the UK economy will be affected by the slowdown in the Euro-Zone economy.

Talking to the BBC, he said this was a “critical moment for the British economy”, which was not “immune” from what was happening on the continent.

The eurozone economy was stagnant between April and June, with the German economy – Europe’s biggest – shrinking by 0.2%.

Mr Osborne said there were steps the UK could take to protect itself.

“The eurozone risks slipping back into crisis, and Britain cannot be immune from that – it’s already having an impact on our manufacturing and exports,” he said.

Official figures published earlier this week showed that growth in the UK manufacturing sector slowed to 0.1% in August.

“We are not immune from what’s going on in the rest of the world, but we can take steps to protect ourselves,” the chancellor said.

“We must stick with our long-term economic plan, so delivering economic stability. We are cutting business taxes, making the UK a place to invest, and that will protect jobs right here.” 

Source: 

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UKRAINE: ‘ Taps into the European Trade Market to Mitigate Financial Losses on Russian Markets ‘

#AceFinanceNews – UKRAINE (Kiev) – October 2 – Ukraine will compensate almost fully for its financial losses on Russian market thanks to growing trade with Europe, acting Ukrainian Minister of Economic Development and Trade Anatoly Maksyuta told reporters on Thursday Tass reported.  

“I will open a secret which has not been made public yet. Our analysts have conducted a survey and have found that as for monetary flows we will make up seriously for losses on Russian market thanks to achievements on that in Europe. Almost fully,” he said.

Trade structure that Kiev had with Russia and the structure Kiev currently has with the European Union are different, Maksyuta added.

“I do not say that we started exporting to Europe the things we used to export to Russia,” he said. Maksyuta said that Ukraine used to deliver ultimate products to Russia, but now several companies have increased their export of component parts for car manufacturers in the EU.

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‘ EU Countries Planning to Tell Russia They Will Not Rewrite Ukraine Trade-Pact ‘

#AceFinanceNews BRUSSELS September 27 EU countries are planning to tell Russia it has no say on changing the Ukraine trade treaty despite its demand to rewrite the text.

The joint declaration, by the EU Council and European Commission, is to say the trade pact: “is a bilateral [EU-Ukraine] agreement and any adaptations to it can only be made at the request of one of the parties and with the agreement of the other”.

It notes Ukraine should “continue the process of envisaged reforms and economic modernisation” related to Titles III, V, VI and VII, of the pact.

It also says Ukraine should go ahead with “adequate preparation for the implementation of Title IV”.

Titles III, V, VI, and VII of the pact spell out reforms in the areas of justice and security, economic affairs, financial and anti-fraud matters, and institution-building.

Title IV deals with trade and the mutual lifting of tariffs on EU and Ukrainian exports.

The EU declaration is to be published in Brussels on Monday (29 September) by ministers at general affairs council.

Ministers will the same day adopt a legal act saying the bulk of the treaty is to be implemented “without delay”, but that article IV is to be implemented on 1 January 2016.

EU countries are also planning to extend “autonomous trade measures” – low or zero-rate tariffs for exports of most Ukrainian goods to Europe – from November until January 2016. But the legal text is not yet ready for adoption.

The delay of Title IV is in line with an EU-Russia-Ukraine deal on 12 September.

It comes after Russia threatened to impose trade sanctions on Ukraine on grounds it will be flooded by cheap EU goods re-exported from Ukraine.

The declaration on the “bilateral” mechanism for altering the treaty comes after Russia also demanded a role in altering the content of the text in the run-up to 2016.

Source:

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#AceFinanceNews KIEV May 08 Ukraine is continuing to…

#AceFinanceNews – KIEV – May 08 – Ukraine is continuing to import gas from Poland and Hungary using a reverse-flow supply scheme, the press service of the Ministry of Energy and Coal Industry said on Thursday, May 8.

“Starting from May, Ukraine has been receiving up to 14 million cubic metres of natural gas from Hungary daily in reverse-flow mode,” the ministry said.

“Technically, the maximum amount of 4 million cubic metres of gas can be supplied through Poland daily for the time being, or about 1.5 billion cubic meters a year,” it said.

According to Ukrainian Energy and Coal Industry Minister Yuri Prodan, reverse-flow supplies can reach 8 billion cubic metres by September 1, 2014, not by 2015. Gas will be supplied by the Vojany-Uzhgorod pipeline, not the transit pipeline.

EU Energy Commissioner Guenther Oettinger said such supplies would not require the Russian company’s agreement and would give Ukraine up to 10 billion cubic metres of a gas a year but stressed that reverse-flow gas supplies from Slovakia to Ukraine by the trunk pipeline would be impossible without Gazprom’s consent as it would run counter to the Slovak company Eustream’s contractual obligations.

Oettinger believes that diversification of supplies will help to solve Ukraine’s gas problem in part. However reverse-flow supplies from Poland and Hungary by the Vojany-Uzhgorod pipeline will not be enough for Ukraine get through the coming winter comfortably.

Kiev is planning to buy about 290 million cubic metres of gas in Europe in reverse mode (about 140 million cubic metres will be delivered through Poland and the rest through Hungary).

Russian News – Press – Itar-Tass

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` Russian Defence Ministry Planning to Deploy Additional Forces in Crimea under $2.5 Billion Programme ‘

#AceFinanceNews – MOSCOW – May 06 – The Russian Defence Ministry is planning to deploy additional forces in Crimea as part of beefing up the Black Sea fleet under a $2.5 billion program. The need for new deployment emerged after the formerly Ukrainian peninsula joined Russia.

“Before year’s end we will form new units of air defence and marine troops at the sites of our fleet’s deployment,” Defence Minister Sergey Shoigu said Tuesday. “The fleet will receive new submarines and surface ships of new generation this year. This requires our attention.”

The minister stressed that the Navy beef-up program for the Black Sea fleet was extended due to Crimea, the fleet’s base, becoming part of Russia in March. The ministry plans to spend more than $2.4 billion for the purpose by 2020.

The announcement of deployment plans comes after Russia voiced concerns of the build-up of NATO forces in Eastern Europe and the Black Sea. The alliance deployed aircraft and warships as well as ground troops, saying it was needed to instil confidence in its members like Poland, Romania and the Baltic states.

RT

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#AceFinanceNews MOSCOW April 14 Eight billion cubic meters…

#AceFinanceNews – MOSCOW – April 14 – Eight billion cubic meters of gas in Ukraine’s underground storage facilities is enough for three months’ uninterrupted transit of Russian natural gas to Europe, parliament-appointed Minister for Energy and Coal Yuriy Prodan told Bulgarian national radio on Monday.

“Within a certain period of time, up to three months, Ukraine will be able to ensure gas transit to European countries. Within this period of time we must consider the issue of gas pumping and settle it before June,” the minister said.

However, according to Russian President Vladimir Putin, Ukraine needs about 11 billion cubic meters in underground storage to guarantee uninterrupted transit of Russian gas to Europe, he told European leaders in a letter last Friday. Under the current price for Russian gas of $485.5 per 1,000 cubic meters, up to $5 billion will be needed.

Currently, 7.2 billion cubic meters is in underground storage, head of Ukraine’s national oil and gas company Naftogaz Andriy Kobolev has reported. According to Russian supplier Gazprom, 6.5 billion cubic meters lay underground on April 9.

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Russians Energy Minster says ` Domestic Gas Prices in `Europe ' Could Rise by 50 Percent if it Cut's Supplies from Russia '

#AceFinanceNews – EUROPE – April 04 – (RT) – “Moving away from pipeline transportation of natural gas, construction of terminals and deliveries of liquefied natural gas will lead to an increase in gas prices in Europe from the current $380 per 1,000 cubic metres to at least $550,” Novak said in an interview to the Russia 24 TV Channel.

“And the question arises: are the economies of European countries ready to supply and consume gas at such a price?” the Minister asked.

The US has insisted that Europe needs to urgently cut its dependence on Russian gas, with the US Secretary of State John Kerry saying Moscow should no’t use energy exports as a political weapon.

“It really boils down to this: no nation should use energy to stymie a people’s aspirations,” Kerry said in Brussels on Thursday, the same day Russia’s Gazprom increased the price to Ukraine another $100 per 1,000 cubic metres.

On Wednesday the US and EU reaffirmed their plan to move away from Russian gas, stressing that developments in Ukraine “have brought energy security concerns to the fore” .

Meanwhile, Russian energy companies have started to feel the pulse in markets outside Europe, mostly focusing on Asia.

Gazprom talked to Kuwait and Egypt about increasing LNG supplies and hopes to sign a long-term supply deal with China next month.

Also, the president of Russia’s oil major Rosneft has toured Japan, South Korea, Vietnam and India.

RT – INS – IT

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