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.
Company Continues Strategic Expansion Adding New Service Capabilities, Talent, and Broadening Nearshore Footprint SAN JOSE, Calif.—January 5, 2023— GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced the acquisition of Hexacta, a Pan-Latin-America digital and data engineering company. The acquisition is part of GlobalLogic’s continued strategy to expand its offerings, and its […]
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KWS-Ukraine company begins a construction of a modern complex for seed conditioning in Kamianets-Podilskyi. “Philosophy of the KWS business is “in the region for the region”. That is why it is in principle for us the cultivation of corn seeds in the region of its realization”, – reported in the company. New capacity in the […]Next
Former head of Ukrzaliznytsia Volodymyr Zhmak filed a lawsuit demanding that the company’s order to terminate his employment contract be declared illegal. This was reported by Interfax-Ukraine with reference to the materials of the court proceedings №2 / 761/9699/2021, which were published in the Unified Register of Court Decisions. Zhmak asks to reinstate him as […]Next
Due to the actions of the prosecutor ‘s office in Mykolayiv region the Sea specialized port Nika-Tera has frozen a large investment project of 40 million UAH. At the same time the city budget of Mykolayiv has lost a considerable amount of lease of the water fund lands. This was stated by the chairman of […]Next
The management of the Hungarian airline Wizz Air will close a branch in Kyiv, that has three passenger liners, if its employees do not agree to stop the union. This is stated in the statement of the European Transport Workers Federation ETF. According to the statment, the conflict began after the decision of Wizz Air […]Next
Stocks Boeing, which fell by 47.5% since the beginning of the year fell by 1.6% before the opening of trading on Tuesday amid news of a new FAA investigation. The US airline is going through the most difficult period in its history, continuing to expect recertification of the most profitable passenger`s aircraft Boeing 737 Max, […]Next
Starbucks reported its biggest profit of all time in the UK, and it can serve as a long-term completion of a tax dispute with the British government. After the company was involved in a major tax scandal in 2012, when it was accused of tax evasion, Starbucks paid UK a large sum of income tax […]Next
One of the world’s largest investment banks, Goldman Sachs, has sold shares worth $ 10.5 billion because of large package deals, Bloomberg reports, citing a customer newsletter. The bank sold securities of Baidu Inc., Tencent Music Entertainment Group and Vipshop Holdings Ltd. worth $ 6.6 billion before the opening of American markets. The bank then […]Next
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