The Administrative Board of the Northern Interregional Territorial Branch of the Antimonopoly Committee of Ukraine (AMCU) has begun considering a case against Terrafood LLC (Terra-Food TM) for the production and distribution of a cheese product, the packaging design of which could mislead consumers .
As reported on the agency’s website on Thursday, the Antimonopoly Committee of Ukraine opened a case on a complaint from a consumer who purchased the Mozzaretta cheese product produced by Terrafood LLC, confusing it with traditional mozzarella cheese due to a similar inscription on the package and its design in the colors of the Italian flag.
“During the consideration of the application, it was found that the dominant inscription in the Latin Mozzaretta placed on the front side of the package, in particular, that the font of this inscription (the letters “TT” are visually similar to “LL”) may give the consumer an erroneous impression regarding the method of manufacture and composition of the product (…) and influence his intention to purchase the product of this enterprise,” the Committee said in a statement.
The AMCU recalled that real mozzarella cheese, in accordance with international standards, may contain starters from lactic and/or aromatic bacteria, cultures of harmless microorganisms, rennet or other safe milk-precipitating enzymes, salt substitute, vinegar, flour and crumbs, in some cases safe dyes , acidity regulators, stabilizers and preservatives.
At the same time, in the composition of the Mozzaretta product under the TM “Terra-Food”, in particular, fats of non-dairy origin were found, which contradicts Article 1 of the Law “On Milk and Dairy Products”.
Given the above, the actions of the manufacturer in terms of product packaging contain signs of a violation of the law “On Protection against Unfair Competition”, the Committee reported and added that consideration of the relevant case had begun.
GC “Terra Food” develops business in three sectors – dairy, meat and agriculture. It is one of the five largest producers of dairy products in the country.
The production capacity of 10 milk processing enterprises of the holding before the Russian invasion was 31,000 tons of cheese, 78,000 tons of butter and vegetable butter, and 61,000 tons of whole milk products per year.
More than 100 types of meat products of the group are produced at the Tulchinsk Meat Processing Plant – more than 6 thousand tons of products per year.
A memorandum of partnership in the field of digital transformation was signed between Ukraine and Switzerland, according to the Telegram channel of the President of Ukraine.
“A memorandum of partnership in the field of digital transformation was signed between Ukraine and Switzerland. We plan to deepen our cooperation to help restore Ukraine through digitalization,” the report says.
The parties also discussed the possibilities of Swiss assistance in supporting digitalization and restoration of telecommunications systems in the recently occupied territories of Ukraine.
President of Ukraine Volodymyr Zelensky called on EU leaders to provide the remaining EUR6 billion of macro-financial assistance by the end of the year, a decision in principle on which was made in late May – early June.
“Thank you for the funds that have already been received, but a decision has not yet been made regarding the remaining 6 billion from this package, which are critically needed this year. And it is in your power to come to an agreement in principle today on providing this assistance to our state” , the President said, speaking on Thursday by video link to members of the European Council.
He also spoke about the need for more support for the implementation of the Ukrainian Fast Recovery Plan.
“You have all this data – what exactly we need. We already have an understanding of the necessary funds. This is 3.5 billion euros this year and about 14 billion euros next year,” Zelensky said.
“And so far we have received zero from these funds. And they are vital. As well as the next tranches of Macrofin for Ukraine are vital,” the head of state stressed.
As reported, in late May-early June, the EU tentatively approved the allocation of new emergency macrofinancial assistance to Ukraine for EUR9 billion, of which EUR1 billion was allocated in early August. The remaining EUR8 billion was expected to come in one tranche, but the final decision on them was delayed. One of the reasons cited is the debate over how these funds should be provided: in the form of loans or grants.
As a result, only EUR2 billion was received this week, while the Vice-President of the European Commission Valdis Dombrovskis said that the third tranche of EUR3 billion is expected in early December.
Ранее “Судебно-юридическая газета” публиковала эксклюзивное обращение Инициативной группы судей относительно судьи Ильичевского районного суда Мариуполя, которая 7 месяцев находилась в плену
26 сентября “Судебно-юридическая газета” публиковала эксклюзивное обращение Инициативной группы судей относительно судьи Ильичевского районного суда Мариуполя, которая 7 месяцев находилась в плену.
Наконец, судья Ильичевского районного суда Мариуполя Юлия Матвеева 17 октября 2022 освобождена из плена.
Освобождение из плена произошло во время соответствующего обмена, когда Украине удалось вернуть 108 женщин.
Напомним, что Юлия Матвеева, вместе с мужем, была задержана представителями так называемой «ДНР» во время попытки выехать из Мариуполя 19 марта. Мать судьи и несовершеннолетнюю 13-летнюю дочь супругов боевики просто оставили на дороге без вещей и средств к существованию.
Информацию об освобождении судьи “Судебно-юридической газете” подтвердил также председатель Рады судей Украины Богдан Монич.
Quotes of futures for US stock indices are changing without a single dynamics on Thursday, traders are evaluating statistical data on the US labor market and a portion of corporate reports.
The number of Americans who applied for unemployment benefits for the first time fell by 12,000 last week to 214,000, according to a report from the US Department of Labor.
The previous week, the number of applications was 226 thousand, and not 228 thousand, as previously reported.
Analysts, on average, had expected the figure to rise to 230,000 from the previously announced level, according to Trading Economics. Bloomberg’s consensus forecast was for growth to 233,000.
Shares of Union Pacific Corp. cheaper by 3.5%. The American railroad operator posted adjusted earnings and revenue above analysts’ forecasts in the third quarter, but disappointed the market with a worsening outlook and a reduction in the buyback program this year.
Papers of ManpowerGroup Inc. lose 8.7%. The recruiting company posted a net profit increase in the third quarter, but its revenue fell more than market forecasts.
Share price of Philip Morris International rises 0.6%. The tobacco concern in the third quarter of 2022 reduced its net profit by 14%, but received revenue above the market forecast.
Shares of Blackstone Group Inc. add 1.4%. The world’s largest alternative investment manager posted a sharp drop in net income and revenue in the third quarter of 2022, but saw a surge in assets under management.
Paper American Airlines Group cheaper by 1.1%. The airline in the third quarter increased revenue by 13% compared to the same period pre-pandemic 2019, despite a reduction in transportation capacity by 9.6%.
AT&T Inc stock quotes. grow by 3.2%. The American telecommunications company increased its net profit in the third quarter of 2022 by 26%, while revenue decreased by 4%.
The value of the December E-mini futures on the Dow Jones index by 15:39 qoq increased by 0.3% and amounted to 30,552 points. Quotation of the December E-mini futures on the S&P 500 index increased by this time by 0.1%, to 3711 points. Futures on the Nasdaq 100 index for December lost 0.07% and amounted to 11,145 points.
National bank of Ukraine’s official rates as of 20/10/22
Source: National Bank of Ukraine
