KyivPost

Agriculture Ministry to return Magarach trademark to Institute for Winegrowing and Winemaking

Print version
May 6, 2011, 7:10 p.m. | Business — by Interfax-Ukraine
The Agrarian Policy and Food Ministry of Ukraine is planning to return the Magarach trademark, which was passed to the ownership of a foreign company, to the Magarach Institute for Winegrowing and Winemaking. "We will return the Magarach trademark to consumers, as it always belonged to our country and its citizens. This is the property of the institute, and we will do everything possible to develop it," the press service cited Ukrainian Agriculture and Food Minister Mykola Prysiazhniuk as saying on May 5.

He charged the president of the National Academy of Agrarian Sciences of Ukraine with carefully investigating the situation.

The statement reads that the minister was shocked by reports that the Magarach trademark has been handed over to "a foreign commercial company."

Prysiazhniuk also said that some of the institute's vineyards were allocated for construction.

Earlier the Prosecutor's Office of the Autonomous Republic of Crimea opened a criminal case against the former head of the state enterprise Magarach Agricultural Company on abuse of power. According to the prosecutor's office, the former head of the company was suspected of carrying out the illegal free of charge transfer of the Magarach trademark to his company in Estonia.

The Magarach Agricultural Company of the Magarach National Institute for Winegrowing and Winemaking is a large wine producer in Ukraine.
The Kyiv Post is hosting comments to foster lively debate. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. If you think that a posted comment violates these standards, please flag it and alert us. We will take steps to block violators.

KyivPost

© 1995–2014 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the www.kyivpost.com material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at news@kyivpost.com
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.