Fozzy Group wants to avoid paying debts

Fozzy Group wants to avoid paying debts

23.11.2016 News

According to Interfax-Ukraine, Fozzy Commercial and Industrial Group (CIG) in connection with Trash new retail chain storey creation, has registered LLC Silpo-Food at the beginning of August.

According to information in the Single state register of legal entities and individual entrepreneurs, PJSC became the founder of PJSC Closed Undiversified Venture Corporate Investment Fund Retail Capital. The registered equity of LLC Silpo-Food constitutes 10 thousand UAH. Vladimir Kostelman acts as the final beneficiary.The company press service reported to the agency:”Registration of the new legal entity is connected only with the opening of Trash new retail chain stores as a part of Fozzy Group”.

In turn, suspect of VTB bank  by the creation of the new legal person of Fozzy Group tries to avoid the return of the credits. The Press service comments about legal entity creation: “Opening or a re-registration of Fozzi-Food accounts on Silpo-Food can witness about possible strategy implementation of Fozzi group on leaving from a return of borrowing facilities and to the creation of obstacles for the implementation of executive service arrests on a money in the advantage of VTB Bank. Perhaps, these actions are connected with the fact that the bank is one of the first managed to receive the decision on a debt collection with Fozzi-Food in the Supreme economic court. At the same time Silpo-Food isn’t a borrower of  VTB Bank”.

Gleb Vyshlinsky, the director of the Center of economic strategy posted on the page on Facebook:”If General fiscal service of Ukraine seized in Fozzy-Food, then one evening of an inventory  and, voila, Silpo-Fud was  created.”

As it having mentioned on August 2,2016, the Appellate court of Kiev has repealed the resolution of Pechersk district court in Kiev on imposing of arrests into accounts of LLC Fozzi-Food, which is a part Fozzy Group, accepted for ensuring accomplishment of its credit liabilities to PJSC VTB Bank.Pechersk regional court of Kiev on July 12, 2016, has made the decision to seize accounts of LLC Fozzi-Food for ensuring accomplishment of its liability to PJSC VTB Bank according to the credit agreement of 2007 within which the total amount of debt of the retailer to bank constitutes 302,48 million UAH.

According to VTB Bank, by the end of July 2016 the financial organisation has submitted 37 actions for a declaration concerning Fozzy Group. The total amount of requirements  constitutes 10,5 billion UAH. According to credit agreements, nine of them are on the amount of 2,2 billion UAH and 28 are under contracts of the financial guarantee for the amount of 8,2 billion UAH.

In January-June of 2016 the company has increased a net income by 7,7% in comparison with the same period in the previous year – to 18,144  billion UAH. At the same time its net loss has grown by 2,8% and constituted 618,87 million UAH.

Read also229 million UAH returns to SFGCU accounts

Other articles

  • Nvidia’s merger agreement with Arm could take more than two years because of China
    News

    Nvidia’s merger agreement with Arm could take more than two years because of China

    It may take Nvidia twice as long to get approval for its deal to buy Britain’s largest technology company, Arm Holdings, which is owned by Japanese financial conglomerate SoftBank Group. After the companies announced a $ 40 billion deal last September, the first hurdle was a class action lawsuit from Google, Qualcomm and Microsoft, which […]

  • Tesla has introduced its fastest electric car. The maximum speed of the Model S Plaid exceeds 320 km per hour
    News

    Tesla has introduced its fastest electric car. The maximum speed of the Model S Plaid exceeds 320 km per hour

    The American company Tesla demonstrated on Thursday in Fremont (California) its new electric car Model S Plaid. The presentation, led by Tesla Chairman Elon Musk, was broadcast on the company’s website. According to the businessman, critics have previously pointed out that the updated version of the Model S car will be “insanely fast”, and expressed […]

  • Pfizer may request approval for COVID-19 at the end of the year
    News

    Pfizer may request approval for COVID-19 at the end of the year

    The American pharmaceutical company Pfizer may apply for permission to use its oral drug for the treatment of COVID-19, at the end of this year. This was announced on Thursday by the Chairman of the Board and Chief Executive Officer of Pfizer Albert Burla. “In addition, our scientists are developing an oral drug to treat […]

  • Ukraine’s economic downturn has slowed sharply
    News

    Ukraine’s economic downturn has slowed sharply

    The downturn in Ukraine’s economy in the first four months of 2021 slowed to 0.2%, according to a preliminary estimate by the Ministry of Economy. “The Ministry of Economy estimates a slight reduction in GDP at 0.2% (down 2% in the first quarter of 2021 by 4.9% over the four months of 2020),” the statement […]

  • Naftogaz commented on the searches
    News

    Naftogaz commented on the searches

    During a visit to Washington, the head of Naftogaz Yuri Vitrenko commented on searches of the company in the case of non-payment of VAT for 2.7 billion hryvnias for Russian gas. “On the one hand, the State Fiscal Service constantly checks Naftogaz. That is, there is nothing surprising in the fact that there is another […]

  • Millions of Volkswagen customers have been affected by the data leak
    News

    Millions of Volkswagen customers have been affected by the data leak

    The American division of the automaker Volkswagen AG reported a data leak, which affected more than 3.3 million customers and potential buyers in North America. Reuters with reference to the Volkswagen Group of America reported this. “The leak occurred after one of the company’s suppliers in the period between August 2019 and May 2021 left […]

  • The world’s first country legalized bitcoin as a means of payment
    News

    The world’s first country legalized bitcoin as a means of payment

    El Salvador was the first in the world to legalize bitcoin as an official means of payment. Such a law was passed by the country’s parliament. 62 parliamentarians supported the bill, 19 voted against, and three abstained. President Nayib Bukele intends to sign the law soon, after which it will take effect “immediately”. Thus, accepting […]

  • Pfizer has begun testing the COVID vaccine on children under 12 years of age
    News

    Pfizer has begun testing the COVID vaccine on children under 12 years of age

    Pfizer will test its COVID vaccine in children under 12 years of age. Radio Svoboda reported this with reference to the company’s statement. The study will involve up to 4,500 children in the United States, Finland, Poland and Spain. The drug is already approved for use in emergencies for adolescents 12 years and older in […]

Read also

Fozzy Group wants to avoid paying debts
News

JP Morgan can pay a record fine for the market manipulation

American JP Morgan Chase & Co. could pay the fine of nearly $ 1 billion in the connection with the US government’s investigation into the bank’s operations, reported Bloomberg. “JP Morgan Chase & Co. is preparing to pay nearly $ 1 billion due to the US government’s investigation of the market manipulations related to its […]

Next
Fozzy Group wants to avoid paying debts
News

Naftogaz expects a net profit of 2.4 billion a year

In 2021, NJSC Naftogaz of Ukraine expects to receive UAH 121,808 million in net sales revenue. This is stated in the explanatory note to the draft order of the Cabinet of Ministers on the approval of the financial plan of the NJSC. According to the document, the net profit is planned at 2,435 million hryvnias. […]

Next
Fozzy Group wants to avoid paying debts
News

Two large Swiss banks are preparing to merge

The CEOs of UBS Group AG and Credit Suisse Group AG plan to merge their businesses to create one of the largest banks in Europe. This was announced on Saturday, April 10, Bloomberg. According to the analytical publication, the Swiss financial holding Credit Suisse intends to merge with market leader UBS Group to cover losses […]

Next
Fozzy Group wants to avoid paying debts
News

Khlibprom Concern invests 560 thousand UAH in energy-saving equipment

Concern Khlibprom  invests 560 thousand UAH in an energy saving project. This information is stated in a message on the website of the company. In 2016 Khlibprom plans to upgrade the  gas boiler on Lviv bakery № 1. The plant plans to  install energy-saving equipment, which will reduce the consumption of gas in the boiler […]

Next
Fozzy Group wants to avoid paying debts
News

The global M&A market in 2020 is approaching to $ 2 trillion

According to the Investor`s news, in 2020, the volume of transactions worldwide mergers and acquisitions (M & A) totaled $ 1.97 trillion. The publication noted that major transactions between IT-companies account for almost one fifth of the total. According to the global data provider and stock market infrastructure Refinitiv, the volume of the deals of […]

Next
Fozzy Group wants to avoid paying debts
News

AstraZeneca defended its COVID vaccine

The AstraZeneca COVID vaccine is not perfect, but it will save thousands of lives. The company’s CEO Pascal Sorio said this. According to him, AstraZeneca will become the largest producer of COVID-vaccine in the world, reaching the production of 200 million doses by April. “Is the vaccine perfect? No. However, it is great. Who else […]

Next
Fozzy Group wants to avoid paying debts
Analytics News

Formation of corporate governance in Ukraine

According to the State Statistics Service, as of January 1, 2017, there are 15 206 join-stock companies registered in Ukraine, 3 122 of which are the public companies. Although the Ukrainian independence celebrates its 25- year anniversary already, only recently the national business has started to review the governance system and the system of effective […]

Next
Fozzy Group wants to avoid paying debts
News

SWEDEN-UKRAINE ICT CONNECTION 2019

BUSINESS TALKS, START-UP ALLEY AT #SUBF19 MAY 23 2019, KYIV TIME: 14:30-16:30 VENUE: PARKOVY CONGRESS AND EXHIBITION CENTER, KYIV, PARKOVA DOROGA 16A MODERATOR: BOHDAN SENCHUK, President of Swedish Business Association in Ukraine TOPICS FOR DISCUSSION: 1. ITC business partnership between Sweden and Ukraine; 2. Business climate in Ukraine: pros and cons to start, develop and […]

Next
Fozzy Group wants to avoid paying debts
News

“Food Solutions” reconstructs an abandoned cattle-breeding complex in Cherkassy region

The “Food Solutions” company reconstructs an abandoned cattle-breeding complex, which will include almost 5 thousand heads of young cattle in Sokolovka (Zhashkivskyi district, Cherkasy region),- says  the  “Uriadovy Courier”. According to the report, it has already made a significant range of works on the reconstruction of a cattle-breeding premises, and service buildings. In each of […]

Next
Fozzy Group wants to avoid paying debts
News

Google is investing $ 450 million in the security monitoring company and “smart home” ADT

On Monday, Alphabet and ADT Inc companies announced a long-term partnership agreement. According to the press release, as a result, will be “a combination of award-winning Nest equipment and services based on Google machine learning technology, with a network of ADT installation, service and professional monitoring for creating a “smarter home” and integrated experience for […]

Next
Fozzy Group wants to avoid paying debts
News

Ukrainian tutor search service Preply enters the Brazilian market

Internet service Preply, that was designed for searching of local and online tutors, announced the release to the Brazilian market. For this purpose, the company made a localization to Portuguese, implemented the accepting of payments in reais, and hired a Brazilian student Lucia in Kiev office. Her responsibilities will include support for tutors in the […]

Next
Fozzy Group wants to avoid paying debts
News

The Cabinet of Ministers is preparing to reduce the cost of tickets for domestic air transportation

The Cabinet of Ministers intends to introduce a zero VAT rate on domestic air transportation. This will help reduce the cost of tickets. Thus, according to Prime Minister Denis Shmygal, the introduction of a zero VAT rate on domestic flights is necessary to revive Ukrainian tourism. “Tax exemptions will reduce costs and reduce the cost […]

Next
Fozzy Group wants to avoid paying debts
News

Siemens buys Mentor Graphics in the closest time

The German Siemens AG corporation reported about the acquisition of the American producer Mentor Graphics. The transaction is estimated at $4,5 billion: the price of one share constitutes $37,25. Mentor Graphics main activities are: designing of cable systems, printed circuit boards, functional verification, development of the built-in software etc. The company merger is directed, first […]

Next
Fozzy Group wants to avoid paying debts
News

Ukrainian retailers are protesting against high rents in shopping malls

The claims of retailers inflated rental rates and a weak strategy of promotion of trade centers and poor quality traffic that negatively affect their sales. In turn,  rentiers accused the network of helplessness during the crisis and the inability to promote their goods. The scandal began in 2014, when several dozen representatives of the apparel […]

Next
Fozzy Group wants to avoid paying debts
News

EpiCentre K has bought Alta Center TC

EpiCentre K  has bought the Alta Center TC . The object has been pledged to the one of the commercial banks and sold to repay the debt to the financial institution. There are no any official comments from EpiCentre K for this moment. The complex is owned by VK Development – a developer unit of […]

Next
Fozzy Group wants to avoid paying debts
News

US regulators fined BMW for $ 40 million

Structure of BMW in the USA is accused by regulatory authorities in violation of Federal safety regulations, and the late withdrawal that  do not comply with statutory safety systems. Mini Cooper cars, which are produced  by BMW, failed  the crash test; the cars were not relevant  minimum safety standards.  The company had to warn its […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com