Business news from Ukraine

Antimonopoly Committee fined “Fialka” and “Style-Decor” companies with 92 million UAH for collusion

20 December , 2022  

The Antimonopoly Committee of Ukraine (AMCU) has fined the private companies Fialka and Style-Decor UAH 92 million for collusion in the tender for the reconstruction of the Avangard stadium in Rivne, the agency’s press service has said.
According to the statement, the committee found evidence of coordination between the two companies during the participation in the tender due to which the competition between them was eliminated. The expected cost of works at the tender was UAH 202.2 mln, the AMCU notes.
For the concerted actions at the auction the companies, in addition to the fine, are banned from participating in public procurement for three years.
According to Opendatabot, the owner and beneficiary of the private industrial and commercial firm “Fialka” (Sumy) is Vahid Kurbanov. According to the company’s financial statements for 2020, it was not engaged in economic activities.
The owner and beneficiary of LLC “Style-Decor” is named Vera Rozhchuk. In 2020 the company received 151 thousand UAH of net loss and 23 million UAH of income.

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