The Italian Competition and Market Administration has fined the Irish airline Ryanair 4.2 million euros for the fact that the carrier did not reimburse the cost of tickets for canceled flights after June 3, 2020.
It is noted that the Antimonopoly Office recognized this practice as unfair after the easing of restrictions on movement in force in connection with the coronavirus pandemic.
The newspaper points out that two other low-cost carriers, Britain’s EasyJet and Spain’s Volotea, were previously fined € 2.8 million and € 1.4 million respectively. According to the regulator, these companies under the pretext of a pandemic continued to cancel flights, tickets for which, in particular, were sold at a reduced price. At the same time, the cost of tickets was not reimbursed, and vouchers for future trips were offered.
In addition, Ryanair is exposed for conducting an incorrect advertising campaign for consumers, providing inaccurate or false information about the possibility of exchanging a ticket without penalties.
The Fund for Economic Stability (WSF), created by the German government, saved the largest German airline from bankruptcy after the collapse of air traffic in March 2020 with billions of infusions, but now there is a way out of the crisis, the concern said. Lufthansa intends to return to the state by the end of […]
The German concern Lufthansa plans to remove the state from its co-owners by increasing its capital by 2.14 billion euros and returning the state anti-crisis aid received during the COVID-19 pandemic. These measures will begin before the elections to the Bundestag on September 26, the airline said on Sunday evening, September 19. From September 22 […]
In 2021, Russia’s Gazprom supplied 20.3 billion cubic meters of gas to Turkey, which is the maximum figure in less than nine months. This was reported by the company’s press service following a meeting of its chairman Alexei Miller with Turkish Minister of Energy and Natural Resources Fatih Donmez on Monday, September 20. At the […]
According to the updated data of the State Statistics Service, Ukraine’s GDP growth in the second quarter of 2021 was 5.7% in annual terms, which is 0.3% higher than the previous estimate. In particular, for six months the nominal GDP was UAH 1 trillion 169.4 billion, and per capita – UAH 28.19 thousand. Compared to […]
Exports of goods accounts for a third of Ukraine’s GDP.But we sell primarily raw materials abroad. It is a marker of underdeveloped countries and a path that does not contribute to economic development. Our state’s strategic task is to increase the exports of high-tech goods with high added value: that is, not just to grow […]
Next year, Ukraine may face a number of macroeconomic risks that will greatly affect economic growth. The Ministry of Finance listed these risks. In particular, Ukraine may lose 0.6-0.8 percentage points of GDP growth due to too low grain yields, due to which the budget will not receive UAH 8.5 billion. At the same time, […]
The low-cost airline Ryanair plans to expand in Ukraine if the open skies agreement with the EU is approved in the coming months. CEO Michael O’Leary stated this. O’Leary predicts the signing of an agreement between Ukraine and the EU by the end of 2021. “One of the markets I would single out is Ukraine. […]
Ukraine plans to privatize 737 state-owned enterprises during 2021-2023. The Ministry of Economy published the list of objects for sale. Although some companies will be able to sell only after the amendments to the legislation. In particular, such large enterprises as Centerenergo, the United Mining and Chemical Company, Turboatom, the Zaporizhia Titanium and Magnesium Plant, […]
YouTube video hosting will launch a new platform for creating short videos. This was reported in the official blog of the company. It is reported that the new service Shorts is designed for fans to record short videos on a smartphone, apply music and effects to them and share with your contributors. Beta testing Shorts […]Next
Does Ukraine tend to the trends of world markets in the development of pharmacy networks? Is this business segment is highly refrained? How do it`s network profits are generated – at the expense of price indicators or through the expansion of the network in as many regions as possible? Statistics According to the consulting company […]Next
If re-rigid quarantine is introduced, the Ukrainian economy will lose three times less than during the spring lockdown. This was stated on ICTV by the adviser to the head of the President’s Office Tymofiy Milovanov. According to him, the second lockdown will be easier, because during this time the economy has adapted to the conditions […]Next
In April, the profit of Ukrainian banks amounted to 6.6 billion hryvnias, and for the four months of 2021 – 17.538 billion hryvnias. NBU data from Friday, May 21 testify to it. The total income of banks in January-April reached 80.103 billion hryvnias, expenses – 62.565 billion hryvnias. At the same time, interest income amounts […]Next
For the first time, the National Bank has identified a list of critical infrastructure facilities in the banking system of Ukraine. This was reported on the regulator’s website on Friday, April 23. It is noted that such powers of the NBU are provided by the Law on Basic Principles of Cyber Security of Ukraine. “Objects […]Next
Lithuania, Latvia and Estonia have refused to use the Belarusian electricity. This was reported by the Interfax news agency. According to the agency, the governments of the Baltic countries have developed a common methodology for the electricity trade. It means that electricity supplied to Lithuania, Latvia and Estonia should not be produced in Belarus. Imported […]Next
The Northern District Court of California ordered Telegram to pay almost $ 625 000 in legal costs to the startup Lantah LLC. The company has a dispute with this startup over the Gram brand. In May 2018, Telegram filed a lawsuit against Lantah, accusing it of violating the rights to the Gram trademark. In June, […]Next
According to Delo.ua, the European Bank for Reconstruction and Development (EBRD) represents the credit to Meest Express of 10 million dollars on post automatic machine network development. The EBRD press-service informed about it.The postal and logistic operator will have planned to increase the share on the Ukrainian market and to develop the existent network until […]Next
The World Bank’s Board of Directors has approved a $ 212 million grant to Ukrhydroenergo for the manufacture of hybrid power generation systems. This was announced the day before by the press service of the World Bank. “The project will increase the flexibility of the Ukrainian energy system, which will help synchronize with the European […]Next
Audi has introduced a new electric e-sedan Audi e-Tron GT, which should become a competitor for Tesla cars. The power of the electric car is 469 horsepower, torque – 464 Nm. The electric car accelerates to 96 km / h in 3.9 seconds. The maximum speed is 245 km / h. The more powerful version […]Next
A metallurgical complex Arcelor Mittal (Kryvyi Rih) will be forced to pay a fine of 72 million UAH. It was decided by the Dnipropetrovsk Commercial Court of Appeal to satisfy the claim against the industrial complex in the case of exceeding the level of pollutant emissions into the atmosphere. The case was opened on the […]Next
Shares of Pfizer decreased by 3.2% since the beginning of the year, fell by 1.65% on Tuesday after the company announced the results of the third quarter, which ended on September 30. Pfizer reported a 4% drop in earnings per share (compared to the same quarter in 2019) to $ 0.72, but this was slightly […]Next
Twitter shares that have risen by 10.5% since the beginning of the year rose by 7.34% on Wednesday in the announcement of plans to launch the Gryphon subscription platform. Twitter posted an ad for a “senior division engineer” on its website in the vacancies section. Twitter did not comment anything, but investors were happy to […]Next
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
Prosecutor General Iryna Venediktova has reconciled three suspicions with former officials of PrivatBank, the press service of the Prosecutor General’s Office reports. Thus, the notification on the change of the previously reported suspicion to the former chairman of the bank’s board, the former deputy chairman of the board and the former head of the interbank […]Next
In the United States over the past 15 years, 25 billionaires have paid a much lower income tax than they should have. ProPublica based on confidential data from the US IRS published the investigation. In particular, among the 25 billionaires are Berkshire Hathaway CEO Warren Buffett, former New York Mayor Michael Bloomberg, Amazon founder Jeff […]Next