Nationalization of PrivatBank, lawsuits against Apple, and the most interesting ideas from leading industry executives. Only that is really worth your attention
1. Privat is no longer private
On December 18 at 23:30 p.m. it was posted the information on the site of the Governmental portal of Ukraine that on December 19, 2016, the PJSC Privatbank goes into 100 % ownership of the state. The text of the statement also reports that the decision was made at the meeting of the Cabinet of Ministers of Ukraine on Sunday. According to the original source, the nationalization of financial institution is aimed at stabilizing the financial system of Ukraine.
In addition, it is also pointed in the document that the initiative of the National Bank received the support of representatives of National Security and Defense Council of Ukraine. It should be noted that the specific reasons for the nationalization of the largest bank in Ukraine are not indicated in the document. On the other hand, the authorities assure that the transfer of PrivatBank under the state control will not affect neither the progress of the company nor the customers to dispose freely their bank accounts.
2. Nokia and Apple are suing again
Nokia Corp. has filed a lawsuit against Apple Inc. for infringement of patents on the technology. The American manufacturer was accused again of illegal development’s use owned by Nokia.
Recall that in 2011, Apple has managed to settle a patent dispute with Nokia, which had been lasting for two years. Company respondent agreed to pay royalties for the use of certain patents Finnish corporation of the iPhone. Then Nokia shareholders received compensation in the amount of 720 million dollars.
3. Lev Partskhaladze: “Business should feel the support of the state”
Today, On December, 23 have happened a private press conference with representatives of the Ministry of Regional Development, construction and housing economy of Ukraine. The meeting was attended by: Lev Partskhaladze (Deputy Minister of Regional Development, Construction and Housing), Oleksiy Honcharuk (Head office of effective regulation – BRDO) and Olena Shuliak (Sector Manager ‘Construction’ of the effective regulation office ).
Within he dialogue with journalists, speakers recited about the prospects of the construction business in Ukraine in 2017 year, the legislative initiatives of the Ministry and other plans, which, in total, should affect the investment climate warming in the country and contribute to the elimination of corruption component in the framework of the real estate market.
4. “The business community of Ukraine has two fundamental problems – the degree of trust and short-term planning”
The interview with the Director of the Ukrainian representative of Scandinavian food concern Lantmannen Ihor Chervak about the problems of modern Ukrainian business and hopes for 2017. Calm and orderly, but although demanding a little, perhaps categorical, but is aimed only at the development, even when makes a mistake. After a conversation with such a leader, does not leave the thought that this is one of the best companies. Deep analytical thinking of Ihor Chervak, the ability to see, measure and predict the wider and deeper than we are accustomed to see in many Ukrainian leaders. The set of all these features explains Ihor Chervak’s cohesion of the team and the company’s development, which is not slowed down for a minute.
5. Italian bank Monte Paschi is under the threat of nationalization
Monte Paschi Italian bank turned up under the threat of nationalization. It was reported by international business publication Bloomberg, referring to its own sources. According to official information, currently a European financial institution needs an additional capitalization for the amount of 5 billion euros. However, currently it is impossible to realize such a task, due to the lack of the necessary level of interest from investors.
Iraq has halted oil exports from the Kurdistan region to the Turkish port of Port of Ceyhan, according to Bloomberg, citing sources. The transportation of around 200,000 barrels of oil per day was suspended after producers reduced output as a precaution amid escalating tensions in the Middle East. Currently, only about 50,000 barrels per day […]
Samsung has officially explained why the Samsung Galaxy S26 lineup has become more expensive compared to its predecessors, according to The Verge. According to Mobile Division COO Won-Joon Choi, a shortage of memory chips and the overall rise in component costs played a significant role in shaping the new pricing. In an interview with the […]
OpenAI has raised $110 billion in a deal that values the startup at $730 billion, marking the largest funding round to date for the developer of ChatGPT, according to Bloomberg. The largest contribution came from Amazon, which invested $50 billion. SoftBank Group and Nvidia each invested $30 billion. OpenAI said the funds will be used […]
India has significantly reduced its oil imports from Russia: in January, deliveries fell by 40% compared to December and by more than half year-on-year. This is according to a report by international pricing agency Argus Media, cited by Russian state-aligned news agency RBC. Volumes dropped to their lowest level since June 2022, reaching 859,000 barrels […]
Streaming giant Netflix has withdrawn from the race to acquire Warner Bros., declining to raise its offer after Paramount outbid its previous proposal. Netflix executives acknowledged that as the price increased, the deal — which had effectively been agreed upon last December — lost its appeal for shareholders. The path is now clear for Paramount’s […]
The new four-year Extended Fund Facility (EFF) program for Ukraine approved by the International Monetary Fund (IMF), in addition to an immediate first disbursement of nearly $1.51 billion, предусматриes nine further tranches subject to program reviews and fulfillment of the required criteria. The program’s total size amounts to nearly $8.1 billion (SDR 5 billion), according […]
The sports retail chain Reebok is ceasing operations in Ukraine. The brand’s final two stores in Kyiv — located at Retroville and SkyMall — are set to close in spring 2026, according to Forbes. At Retroville, the lease agreement runs through the end of April, but the exact closing date will depend on how quickly […]
The European Investment Bank (EIB) provided Ukraine with €1.5 billion in new financing for projects across various sectors in 2025, according to an EIB press release cited by Ukrinform. “In 2025, the EIB Group delivered €1.5 billion in new financing for projects in energy, infrastructure, support for small and medium-sized enterprises, and the advancement of […]
German Finance Minister Olaf Scholz said that eurozone finance ministers had agreed on a package of measures to reform the European Stabilization Fund (ESM). “The ESM reform strengthens the euro and the entire European banking sector,” said Scholz, whose country currently holds the EU presidency. According to the agreements, a new “safety cushion” for European […]
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Naftogaz announced a return to the practice of manual management of state-owned enterprises after the Cabinet’s decision to dismiss the head of the NAC Andriy Kobolev and the company’s supervisory board. The board of Naftogaz announced this on Wednesday, April 28. The company claims that the government’s decision is a legal manipulation. “The dismissal of […]
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Boeing Aerospace Corporation will start producing aircraft that will run entirely on biofuels by 2030. “To refuel the aircraft with environmentally friendly” fuel “, Boeing will need to modify the engines and other systems of aircraft. In addition, you will need a certificate confirming the safe operation of the aircraft,” – said in a press […]
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Ant Financial company within the framework of a public company Alibaba (China), announced about the final stage of the USA financial company asset acquisition procedures MoneyGram International, specializing in international trade transactions online, as reported Inventure. The Chinese side intends to complete the transaction in the third or fourth quarters of 2017, after the approval […]
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On the shores of the Black Sea, Radisson Hotel City Centre Odesa opens as Radisson Hotel Group’s 7th hotel in Ukraine in operation and under development. With an excellent location on the famous Derybasivska Street, Radisson Hotel City Centre Odesa unlocks the cosmopolitan city of Odesa, full of architectural styles, international cuisines and beautiful Black […]
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In Russia, 14 Sukhoi Superjet 100 (SSJ-100) aircraft are operating flights with structural defects in the fuselage. The issue was reported to Rosaviatsia by the aircraft manufacturer, PJSC Yakovlev. The aviation regulator has ordered airlines operating these jets to carry out inspections and, if necessary, repairs. “The defects concern aircraft with serial numbers 95104–95117. All […]
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McDonald’s will start producing vegan chops for burgers next year. This was reported by CNBC with reference to the company’s president Jan Borden. According to him, McDonald’s will independently produce vegan chops for its burgers. While we are talking about beef substitutes, but in the future in the restaurants may appear vegan “chicken”. “Vegetarian chops […]
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The Converse brand has opened a virtual store on a garbage island in the Pacific Ocean, which consists of 80,000 tons of plastic and is larger than the area of France. The offers of this outlet can be found on the store’s website. It is reported that the Renew Labs space was developed by Virtue. […]
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The Japanese electronics giant Toshiba Corporation in the first half of the 2020-2021 fiscal year (ended September 30) earned a net profit of 3.493 billion yen ($ 32.95 million) against a loss of 145.146 billion yen ($ 1.3 billion) a year earlier. it is said in the company’s reporting. The company’s operating profit was 3.114 […]
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The State Fiscal Service of Ukraine imposed a fine on Philip Morris Ukraine. In turn, the tobacco company believes that the claims of the Department of tax and customs audit of the SFS for 4.1 billion. UAH are unfounded. “Now the fine is not yet accrued officially. The verification was completed on May 10 and […]
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In China, two more developers are unable to repay their debts: Fantasia Holdings has been unable to repay bonds worth $ 205.7 million, and Sinic Holdings is uncertain about the repayment of $ 246 million in bonds, the BBC reports. The day before, trading in Evergrande shares was suspended on the eve of “an announcement […]
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Intel has received licenses from US regulators to continue supplying certain products to Huawei Technologies. The list of products is not specified. Due to the significant deterioration of relations between the United States and China, Washington is putting pressure on the governments around the world to oust Huawei from the market. The US government claims […]
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Intel shares jumped 10% following a new meeting between the company’s CEO Lip-Bu Tan and U.S. President Donald Trump, CNBC reports. In a post on the Truth Social platform, Trump described Lip-Bu Tan as a “very successful executive” and publicly praised Intel for producing the first processor manufactured in the United States using technology below […]
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Chip maker, Advanced Micro Devices, is in talks to buy a rival chip maker – the American company Xilinx, reported The Wall Street Journal. The deal might be exceeding to $ 30 billion and could be announced for the next week. The merger will become one of the largest transactions in the industry this year, […]
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Yesterday it took place a press conference with the top management of the group companies WOG, where it were voiced the plans of the largest oil trader and retailer of coffee for 2017. Also, the results of the past year were reviewed. CEO of Business Serhiy Koretskyi, together with the director of retail sales Kudin […]
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Rambler buys part of the software development company UCS. The amount of the agreement at the moment were not disclosed. UCS is the owner or service that controls cafes and hotels, and theater ticket reservation system. The acquisition will make Rambler the first Internet company with applications for business and entertainment in b2b and b2c […]
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