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.
The Ministry of Infrastructure has developed a draft order that will allow Ukraine to establish production of hydrogen-powered cars. This was reported on the website of the ministry. It is noted that today in Ukraine there are no requirements for hydrogen transport. These are electric vehicles on hydrogen fuel cells. They run on compressed hydrogen. […]
PrivatBank warns users about a new fraud scheme that uses a fake website and at the same time the bank’s logo. This was reported by the press service of the Bank. It is noted that the Bank’s security service found the site p-invest.site, which was registered by unknown individuals in the United States and which […]
In 2020, corruption caused JSC Ukrzaliznytsia 8 billion hryvnias in losses. The head of the Temporary Investigation Commission of the Verkhovna Rada on UZ Yulia Hryshyna with reference to NABU data announced this. “NABU has carried out significant analytical work on Ukrzaliznytsia’s procurement. Detectives estimated Ukrzaliznytsia’s losses from corruption in procurement at UAH 8 billion […]
The development of critical materials could attract billions of euros in investment in Ukraine, according to Prime Minister Denis Shmygal. He said this at a summit conference on the strategic partnership between Ukraine and the EU on critical raw materials and batteries. “Ukraine creates conditions for attracting investors. The current rules of access to subsoil […]
The US Federal Aviation Administration (FAA) has ordered the state airline to inspect about 2,500 Boeing 737 aircraft for defective relays and cabin pressure drops. “An undetected failure of both relays could slow the crew’s detection of insufficient cabin pressure and result in the crew losing their ability to work due to hypoxia and, as […]
To reduce emissions to 35% of 1990 levels, Ukraine needs more than 100 billion euros in capital investment over 10 years, according to Prime Minister Denis Shmygal. “We have been actively involved in shaping the Ukrainian green exchange rate, which we want to synchronize with the European green exchange rate, and we make a lot […]
At its session held on Wednesday, July 14, the Verkhovna Rada adopted by 303 votes the law 3508-d, concerning the restructuring of debts for gas and its transportation services to heat and power companies. The document also regulates the debts of regional gas and regional gas sales, provides for the restructuring of debts of water […]
Amazon Corporation will work in Ukraine in the field of cloud technologies. Minister of Digital Transformation Mikhail Fedorov in the Telegram announced this. The Minister stated that a memorandum of cooperation had been signed with Amazon. “Another global technology giant has started operating in Ukraine. The beginning of our cooperation is a positive signal to […]
Ukraine places eight-year Eurobonds for 1.25 billion dollars at 6.875%. The demand is more than $ 3.3 billion. This was reported by Interfax-Ukraine, citing its own source. Initially, the benchmark profitability of the issue was 7-7.25%. Demand for Ukraine’s debt at the final rate exceeded $ 3.3 billion. According to the publication, Deutsche Bank, BNP […]Next
Currently, there are almost 2 million entrepreneurs in Ukraine, and each of them pays an average of 13 thousand hryvnias a year. Thereby, in 2019, the turnover of the PIF`s economy amounted to 1 million dollars. “Over the past eight years, revenue from private individuals to the budget have increased by 24 times. In the […]Next
Shares of BlackBerry jumped sharply on auction on December 1 after the news of a partnership with Amazon Web Service. TechCrunch writes that together they will develop and sell a service for connected cars – IVY platform. Stock quotes at the beginning of trading on the New York Stock Exchange (NYSE) rose by 35%. The […]Next
In the National Council of Ukraine on January 5, 2017 it was a briefing, the participants of which were the chairmen of the regulatory body and in result of which special commissioners of tv chanel got the right to broadcast, according to the source Media Detector. According to Uliana Feshchuk – a deputy head National […]Next
On the site of Guarantee Fund deposits of natural persons it was made public the information about getting by Fund two applications from potential contributors to get acquainted with the documentation and reports of the insolvent bank for finance of the financial institution. It is reported on its website source InVenture. Also on the site […]Next
The management of the European Airbus Airline should find solutions to avoid the forced reduction of thousands of jobs. This was stated by Junior Minister of Economy of France Agnes Pannier-Rancher. “There should be no forced dismissals. This means that everyone should be able to choose and receive help, this is our line,” she said. […]Next
The Deposit Guarantee Fund approved the liquidation procedure, which lasted six years. Now the financial institution is officially considered liquidated. PJSC All-Ukrainian Development Bank (VBR), which belonged to the son of fugitive ex-president Oleksandr Yanukovych, was liquidated as a legal entity. The process has been going on since 2015, according to the press service of […]Next
LDaily prepared the short overview of latest news in the sphere of business and finance for last week for the readers. If you missed something, it would a good opportunity to correct it. 1. Yaroslav Gregirchak: «Ukraine has to look as a competitive option for investment in the “supermarket” of national jurisdiction» A shoppy talk […]Next
Shares of Zoom Video Communications, which rose 716% over the past 12 months, rose 5.8% during trading on Monday, but closed with an increase of 1.23%. This is very different from the general decline in the market on Monday – major US stock indexes closed lower: the S&P 500 by 1.86%, the Dow Jones by […]Next
At a meeting on Thursday, April 8, the Antimonopoly Committee of Ukraine fined the Hungarian company Üttema Kereskedelmi Korlátolt Felelősségű Társaság UAH 65 million for acquiring two Ukrainian companies – Kyivshlyakhbud LLC and Rostdorstroy LLC without obtaining concentration permits. This was reported by the press service of the AMC. According to the Committee, in October […]Next
According to Finance.ua, there is a good opportunity to extend the limits of Ukrainian financing system. The Ukrainian government provision has come into force. The financial transaction sanctions with Iran banks were cancelled by the resolution of the Ukrainian government. Oleh Churyi, the deputy head of NBU, admitted that National Bank of Ukraine would implement […]Next
Investment attractiveness of the tourism industry in Ukraine has great potential. About this in an exclusive interview for LDaily, the full version of which will be released later, said the general manager of the hotel InterContinental Kiev Jean Baptiste Pigeon. “I can say with confidence that the investment opportunities in the hotel and tourism industry […]Next
“MTS Ukraine” (Vodafone Ukraine), telecommunication company reached an agreement with “Ukrtelecom” about buying mobile operator “TriMob”. As noted, the the transaction amounted to about $ 120 million (3 billion UAH). According to one source , negotiations about the deal began since the spring of last year, when the “MTS Ukraine” has sold its fixed network […]Next
The Chinese company POWERCHINA and the Ukrainian company WindFarm have signed a contract for the joint construction of a wind farm in the Donetsk region. This was reported by the press service of WindFarm. “The cost of the project is at least $ 1 billion, which makes it the largest wind energy project in Ukraine,” […]Next
The ex-president and founder of the largest mobile operator Kyivstar Igor Litovchenko in Ukraine became the owner of the Wireless telecom provider SmartCommunications (TM Giraffe). Ukrainian edition Liga.net informed about this, referring to the State Register of natural persons-entrepreneurs and legal entities. According to official figures, Igor Lytovchenko is the owner of the Cyprus offshore Magnilda Holdings Ltd., which owns Giraffe. As said the […]Next
TUI will receive another 1.2 billion euros in state aid in connection with the effects of the coronavirus pandemic, the press service of the travel concern said. “The € 1.2 billion stabilization package strengthens the group’s position, providing sufficient liquidity in an unstable market environment. This applies to both the tourist season of the winter […]Next