On Wednesday, March 17, the Antimonopoly Committee decided to fine the distributor of tobacco products Tedis Ukraine 274.2 million hryvnias, the press service of the Antimonopoly Committee of Ukraine reports.
The reason for this decision was the company’s failure to fully implement the decision of the committee from 2016 (paragraph 4 of Article 50 of the Law on Protection of Economic Competition).
The AMCU reminded that on December 16, 2016, the decision №551-r was made, according to which from 2013 to September 2015 (inclusive) Tedis Ukraine held a monopoly position in the cigarette distribution market and violated the legislation on protection of economic competition in the form of abuse monopoly position.
As a result, the company was fined more than UAH 431 million. About 300 million fines were paid in 2017, the rest – in 2020.
The Ministry of Finance held an auction for the sale of domestic government bonds (IGLBs), which raised UAH 1.89 billion to the state budget. This was reported by the press service of the Ministry of Finance on Tuesday, August 3. In total, investors were offered five issues of securities in hryvnia. The weighted average yield […]
The Polish oil and gas concern PGNiG wants to take part in the certification procedure of the Russian Nord Stream-2 gas pipeline. “PGNiG and PGNiG Supply & Trading have applied for inclusion in the certification process of the Nord Stream-2 gas pipeline operator. The outcome of the review determines whether the pipeline owner will receive […]
In the first half of the year, Ukrainian banks received UAH 30.077 billion in net profit (+ 26.4% compared to last year), according to the press service of the National Bank. Thus, banks’ revenues for the six months amounted to 124.134 billion hryvnias against 128.620 billion hryvnias a year earlier. The negative result from revaluation […]
The payment company Square (owned by Twitter co-founder Jack Dorsey) has acquired the financial firm Afterpay, which provides online installments. The deal, the largest in the history of Australian companies, amounted to 29 billion dollars, according to the website Square. “Square, Inc. and Afterpay Limited have announced that they have entered into an agreement under […]
The Luxembourg National Data Protection Commission has fined Amazon $ 887 million for violating the processing of users’ personal data. The Commission has decided that the processing of Amazon’s personal data does not comply with EU data protection regulations. Claims are related to showing customers relevant advertising. This is a record fine for such violations […]
China’s industrial growth, which began in the country a year ago, has slowed markedly since the crisis caused by the coronavirus pandemic. According to the Purchasing Managers’ Index (PMI) released by the Chinese State Statistics Office on Saturday, July 31, the figure fell to 50.4 points in July. In June, it was 50.9 points. A […]
Ukraine continues to work on prevention the Russian Nord Stream-2 gas pipeline from operating. The methods by which Kyiv hopes to prevent the launch of the gas pipeline were revealed by the head of Naftogaz Yuriy Vitrenko in an interview with Radio Svoboda. “The battle is lost, but the war is not lost. And our” […]
Infrastructure Minister Oleksandr Kubrak denied his deputy Anna Yurchenko’s statement about toll roads in Ukraine. The day before, she said that six such roads are planned to be built in Ukraine and called the estimated cost of travel on them. “I will explain why this information is not true, and what is really happening,” Kubrak […]
LDaily decided to conduct a survey among the companies working in Ukraine to find out what social projects they support and why. Anastasia Voitkevych, Head of Corporate Communications & Social Responsibility, Winner Group Ukraine Winner CSR has two focus areas — Charity and Responsible Business. Charity is philanthropy, Winner’s and its leadership’s […]Next
Recently the Antimonopoly Committee of Ukraine (AMCU) has approved the imminent agreement to acquire a network of medical centers “Medisvit” by the private clinic “Medikap”. Transaction amount and details were not disclosed at the moment. The “Medical Center” Medikap” company is a private medical facility in Odessa, which had an income of $ 65, 596 […]Next
The next week, on June 4, Smile-Expo will host large-scale AI Conference Kyiv. The event will focus on the use of artificial intelligence in business and will bring together leading industry experts. Who and why should attend the conference – further in the article. Four Reasons to Attend AI Conference Kyiv 1. Seven hours of […]Next
Ukraine plans to attract $ 5 billion in investments this year. Deputy Minister of Economic Development Iryna Novikova stated this at the Ukraine 30 business forum. The Ministry of Economy believes that this amount of investment will be able to attract thanks to concessions, support for large investment projects and industrial parks. Thus, Novikova noted […]Next
World debt will reach $ 200 trillion, which is 265% of world product, but the debt crisis is not yet expected. This was reported by Reuters, citing the forecast of analysts of the international rating agency S&P Global. It is claimed that this year the debt-to-world debt ratio has risen by 14% as a result […]Next
Despite the coronavirus pandemic, the total value of the most expensive brands in Ukraine increased by 1.5%. The Korrespondent magazine compiled the brand rating. Thus, the top five most expensive brands in Ukraine included Kyivstar ($ 225.48 million), Rozetka ($ 210.42 million), Darnitsa ($ 187.23 million), Morshynska ($ 173.25 million) and Nova Poshta ($ 170.01 […]Next
The Ukrainian Sokil-300 drone is an analogue of the Turkish Bayraktar and it may join the army next year. The head of Ukroboronprom Igor Fomenko announced it in an interview with RBC-Ukraine. “This is an analogue of the same Turkish Bayraktar. With funding it may already be adopted in a year,” he said. Fomenko says […]Next
Deutsche Lufthansa reported that it suffered a loss of 1.97 billion euros in the third quarter of 2020 against a net profit of 1.15 billion euros a year earlier. The carrier’s revenue fell by 74% to 2.66 billion euros from 10.11 billion euros a year earlier. Adjusted loss before tax and interest payments (EBIT) was […]Next
The Luxembourg National Data Protection Commission has fined Amazon $ 887 million for violating the processing of users’ personal data. The Commission has decided that the processing of Amazon’s personal data does not comply with EU data protection regulations. Claims are related to showing customers relevant advertising. This is a record fine for such violations […]Next
Shares of Peloton, which rose nearly 346% since the beginning of the year, rose 2% during trading on Friday after the company published the results of the first quarter of fiscal 2021, which ended September 30. Peloton, which went public a little over a year ago, reported earnings per share for the second quarter in […]Next
According to an information of Reuters, Two large Chinese companies plan to construct a solar power station with a capacity of 1 gigawatt in the Chernobyl . For project implementation, the GCL System Integration Technology company intends to get a business with the China National Complete Engineering Corporation (CNCEC). CNCEC was founded in 1985. in […]Next
Why “to speak about itself” is so important for any business? In the conditions of the competitive struggle for money of the buyer bright, attractive advertizing is the integral attribute of successful business strategy. What is the main secret how to make the prospective client purchase what you are offered to buy for him ? […]Next
Sergey Kasyanov gave a controlling stake in the agricultural holding KSG Agro Swiss to the OLBIS company. Previously, CD Investments SA company owned the64.62% shares of the company. ICD Investments SA Holding Company (Switzerland) has transferred 64.62% stake of the agro-industrial company KSG Agro (Dnipropetrivsk region) to the OLBIS. This is stated in the message […]Next
Telegram Group of businessperson Pavel Durov placed five-year convertible dollar bonds on the market for the first time and raised $ 1 billion. The bond rate was 7% per annum, Forbes reported on Monday, March 15, citing one of the executives involved in the placement. “Holders of Telegram bonds will be able to convert them […]Next
2017 was marked by many interesting and significant events for Switzerland. They relate to science, culture, and the social life of the country, and have become important and notable for both Switzerland and for Ukraine. 1. We celebrate the 25th anniversary of the establishment of Ukraine-Switzerland diplomatic relations in 2017. Both sides undoubtedly appreciate well-established […]Next
A head of the National bank of Ukraine appeals to law enforcements with the request to inspect Soyuz and Veles banks. It returned to work in spite of the fact that the Central Bank had decided its liquidation. V.Gontareva informed on Thursday that these two banks recently had renewed its work. NBU stopped its functioning […]Next