Important events in the business world for a week

Important events in the business world for a week

26.11.2016 News

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»

Ярослав Грегирчак

A shoppy talk with the deputy business ombudsman of Ukraine about institution value and the main problem issues. To what do Ukrainians claim the most? In what occasions does appeal to business ombudsman Council not to help? LDaily conversation with Yaroslav Gregirchak, the deputy business ombudsman, who delicately and professionally classified Ukrainian business problems on components.

2. Primetals Technologies invests $150 m in Donetsk plant

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Illich iron and steel works of Mariupol is located in the territory of Donetsk region will increase steel output through investments in enterprise  technical modernization. Amounts of capital investments will sum 150 million dollars and will be direct on a new steel moulding machine  building.

3. SSU proceeds to action: two resonance searches in a one day

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An authority provides Searches and checking in Ukrainian enterprises. Mass media has informed twice about  SSU  representatives intervention in some companies activity during the whole day. On the 25th of November  2016 the Gulliver Shopping Mall work was stopped by the State service. Such actions direct on inquiry conducting case about funds misappropriation of Mykhailovsky liquidated bank by Viktor Polishchuk who is  a former shareholder. The second case falls within the main department of the one of the biggest TIS terminal group. By the information of local informational resources, SSU representatives arrived at the territory of dry freight deck in Odessa region. For the time being, searches are provided here. By the eyewitnesses, SSU representatives don’t permit the company  lawyers to enter in the enterprise.

4. CMU made Ukrainian business a lot easier

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On 23rd of November 2016 the Cabinet of Minister’s representatives has reported the  results in the sphere of business simplification in Ukraine . According to a report, 367 regulatory legal acts have been  cancelled.  It concerns a law system, notary service payment mechanism for the legal entities, agricultural sector, standard assessment calculation procedures  of the land plots, oil and gas accumulations development rules. These changes give an opportunity to Ukrainian entrepreneurs spreading their capabilities and get lost of excessive  control from the state.

5.MAN, Daimler, DAF, Iveco and  Volvo disclosed a plot

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The European Commission has fined MAN, Daimler, DAF, Iveco and Volvo/Renault  Companies in the amount of 2,93 billion euros for price plot. The press service department reported about it.

According to European anti-monopoly authority decision, the producers have been in the plot  for a long time. It   inflicted damage to the European cargo market. There was mentioned in the decision text that approximately 30 million cargo cars had been registered on the EU territory. 9 of 10 cars  belong to mentioned above brand marks.

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  • The Ministry of Justice won the lawsuit over the sale of Prominvestbank
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    The Ministry of Justice won the lawsuit over the sale of Prominvestbank

    The Kyiv Court of Appeal denied to Russia’s Vnesheconombank (VEB) in recognition of the decision of the arbitrator of the Arbitration Institute of the Stockholm Chamber of Commerce, which, at the request of VEB, the Ministry of Justice of Ukraine was obliged to stop the forced sale of 99.77% of Prominvestbank shares. The court agreed […]

  • The losses of Ukrainian farmers due to the drought were estimated at 118 billion
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    The losses of Ukrainian farmers due to the drought were estimated at 118 billion

    Ukrainian farmers may lose up to 118 billion hryvnias this year due to drought and frost. This was reported by the press service of the Agrarian Union of Ukraine. “This year, even the critically affected regions (Odessa, Mykolaiv, Kherson, Zaporizhia regions), despite the promises of the state, did not receive a single penny of assistance,” […]

  • IPO Snowflake may become one of the most popular in 2020
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    IPO Snowflake may become one of the most popular in 2020

    IPO Snowflake, which will take place on the NYSE, will be held at the higher price than announced in early September. On Monday, according to SEC applications, Snowflake, a company that makes storage software, raised its projected stock price to $ 100- $ 110, while the market valuation of the company could grow to $ […]

  • Visa and Vsi. Svoi have launched “Her business”, a contest to support Ukrainian women entrepreneurs
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    Visa and Vsi. Svoi have launched “Her business”, a contest to support Ukrainian women entrepreneurs

    The professional jury will select three winners who will receive UAH 100,000 for the development of their own businesses. The first-place winner will present products in her own “corner” in one of the two Vsi. Svoi stores on Khreshchatyk. All three winners will present their products at the online platform vsisvoi.ua and will receive mentor sessions […]

  • Microsoft will build two large data centers in New Zealand
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    Microsoft will build two large data centers in New Zealand

    The American corporation Microsoft has received permission from the New Zealand Department of Foreign Investment to build data centers in Auckland. This is stated in a statement issued by the agency on Wednesday. “New Zealand subsidiaries of Microsoft Corporation received management’s approval of foreign investments to purchase business assets, including various land, to further creation […]

  • The global M&A market in 2020 is approaching to $ 2 trillion
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    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 […]

  • Wizz Air has canceled about 20 routes from Ukraine till March 2021
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    Wizz Air has canceled about 20 routes from Ukraine till March 2021

    Hungarian airline Wizz Air reduces the number of flights from Ukraine in the winter flight schedule. This was reported by lowcostavia. Dozens of flights from Ukraine were reduced – 12 routes are canceled by March 2021, even more destinations are temporarily suspended until the end of October. Flights from all cities of Ukraine have changed. […]

  • Oracle becomes a №1 candidate of buying the TikTok after the company rejected for Microsoft
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    Oracle becomes a №1 candidate of buying the TikTok after the company rejected for Microsoft

    Microsoft`s shares fell slightly on Monday before the opening of trading due to the news of the failure the deal of buying the popular application TikTok in Chinese ByteDance. Through the support of the deal by President Donald Trump, Shares of Oracle, which is considered №1 candidate of buying TikTok increased by 10% before the […]

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“Darnitsa” was fined for the purchase of “Borshagovskyi CPP” shares without the permission of the AMCU

The AMCU has fined the “Darnitsa” pharmaceutical company for more than 20 thousand UAH due to the violation of the law “On Protection of Economic Competition” in the form of the acquisition of 30% stake in the “Borshagovskyi  CPP”, JSC (Kyiv) without relevant regulatory approval. This was reported by the press service of the AMCU. […]

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To receive a new tranche of the IMF Ukraine should solve the issue with alcohol

To get the next tranche of credit from its main creditor – the IMF, Ukraine should solve the issue of adopting a law which provides the demonopolization of the alcohol industry. This information was published by the head of the Ministry of Agrarian Policy of Ukraine Taras Kutovyi on his Facebook profile. The adoption of […]

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Shares of Volkswagen get down on 40%

Nordea, the €190bn (£135.6bn) Scandinavian fund manager, has become the first major investor to signal it is preparing to sue Volkswagen over the carmaker’s manipulation of emissions tests. Nordea Asset Management told reporters over the weekend that it planned to join “several different class actions” against Volkswagen. The emissions fixing scandal has left investors with billions of […]

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KWS-Ukraine will build a seed plant in Kamianets-Podilskyi

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 […]

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Shell is going to to sell its Ukrainian assets due to the oil crisis

The company will sell its networks in Central and Eastern Europe, which are not profitable, this opinion is shared by the experts on the energy market. The UK-Dutch oil and gas company Royal Dutch Shell, which profit fell 8 times due to the collapse in oil prices may abandon non-core assets and expose their networks […]

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Under what condition the European Commission will invest in energy efficiency of Ukraine?

As informs investment media of Ukraine InVenture, the European Commission, which is an organ of the executive branch of the European Union and is responsible for the preparation of draft laws, should provide Ukraine € 100 million if the Verkhovna Rada will take on the Energy Efficiency Fund bill. Conditions for EU investment funds in […]

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Tesla shares soared 8% on delivery news in the second quarter

Tesla shares reached their new peak on Thursday jumping 7.95% to a price of $1208.66. The manufacturer of electric cars Tesla was rated as the world most expensive automaker (in terms of market capitalization), overtaking the world leader Toyota Motor. Since the beginning of the year, Tesla shares have risen by 189% having climbed 166% […]

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Australia is experiencing a record drop in GDP in 60 years

In the second quarter, the Australian economy fell by 7% to the first quarter amid a coronavirus pandemic. In the previous quarter, the decline was 0.3%. Thus, Australia has entered a recession for the first time in 30 years. The quarterly decline in GDP has been the highest since the beginning of observations in 1959. […]

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S&P forecasts 6% of the decline in Ukraine’s economy in 2020

The fall in gross of the domestic product of Ukraine in 2020 will amount to 6%, however, from the next year the economy will growth again: in 2021 – by 4%, in 2022-2023 – by 3% annually, such a forecast is contained in the report of the International Rating Agency Standard & Poor’s (S&P) on […]

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The Antimonopoly Committee of Ukraine gave the “Gazprom” two months to pay the fine

The Antimonopoly Committee of Ukraine explained its fine to the “Gazprom” in the amount of 86 billion UAH refferint to noncompliance of contact relations from 2009 on gas transit through the Ukrainian territory by the Russian company, with the result that the “Naftogaz” lost significant incomes from the reduction of pumping volume of the fuel […]

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Britain reduced its shares in Lloyds to less than 6%

On Monday, the Cabinet of Ministers of the United Kingdom officially announced the implementation of more than 700.000 million shares of the largest national retail bank Lloyds Banking Group total value of which, at the close of the stock market on Friday, estimated at 481 million pounds. Thus, a majority of assets owned by the […]

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Prosecutor’s office has exacted 20 million UAH from the company Ukrspyrt

Workers of Gorodetsk local prosecutor’s office (Ukraine, Lviv region) have exacted 20 million UAH from the Ukrainian State Enterprise Ukrspyrt. This was reported to Ukrainian media by representatives of  the press service of control authority. According to provided information, the manufacturer of alcoholic beverages was fined in connection with the unauthorized extraction of water for […]

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Apple requires from Samsung $ 180 million additional fine

According to the results of the outgoing year, Apple and Samsung have not settled the patent dispute in court. As predicted by experts, the penalty in the amount of $ 548 million, which was awarded to pay Samsung for patent infringement, did not accept the competitors, and Apple has demanded additional sanctions in the amount […]

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As US retailers are boycotting the “Black Friday” in 2015?

At 27th of November, 2015 the famous American company REI, which sells products for sports, tourism and travel, reported that on Friday – 30th of November, all 143 stores will be closed. The company decided to arrange for their employees a paid for the output. This decision is a kind of protest against rampant consumerism. […]

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How many foreign investments did Ukraine attract in the past year?

According to the source Inventure, Ukraine has attracted nearly $ 4 billion ($ 3.8 billion) of foreign investment over the past 2016. This figure exceeds the amount of 2015 almost doubly. These indicators were noted by First Vice Prime Minister of Ukraine Stepan Kubiv at the governmental seminar “The economic development of the regions: strategies […]

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Bank Khreshchatyk repaid the debt to the NBU anticipatorily

Publicly-held company Bank Khreschatyk has managed to prepay debt to the National Bank of Ukraine in the amount of 190 457 000 UAH. According to the official information, the implementation of the requirements of the loan from the NBU refinancing was realized by raising funds derived from repayment of the package of domestic government loan […]

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