ALFA

The Financial Police Directorate told BIRN that, as a director of ALFA SKOP DOO Skopje in 2013 and 2014, Kazic failed to report profits of 61.8 million denars, roughly a million euros, "thus failing to calculate and pay profit tax in the amount of 10 per cent of the total."

ALFA SKOP DOO is the owner of Alfa TV, one of six national broadcasters in North Macedonia.

A possible ruling in favor of Turkey's Çukurova Holding by a U.K.-based arbitration court has played a significant role in a recent decision by the company's Russian partner in Turkcell, Alfa Telecom, about selling its Turkcell stakes, sources told daily Hürriyet. 

Ziraat Bank is expected to play a key role in the transaction, added sources.  

Russia?s Alfa Telecom has applied to Turkey?s Competition Board to take indirect control of leading Turkish mobile phone operator Turkcell from Çukurova Holding, the latest step in a long-running battle for control of the company.

Çukurova Holding has said it paid Russia’s Alfa Group $1.6 billion to recover a disputed stake in Turkcell, taking a major step toward regaining control of Turkey’s biggest mobile phone operator after a seven-year battle.

Two shareholders of Turkey’s largest mobile operator Turkcell, Turkish Çukurova Holding and Russian Altimo, have reached an agreement in an ongoing legal battle, a U.K. court looking into the legal dispute between parties has announced.

Çukurova Holding is close to securing financing from a local partner to recover a disputed stake in the country’s biggest mobile phone operator Turkcell, three sources close to the matter told Reuters.

Bank of Cyprus said on Monday that it is looking “positively” at a revised offer to sell its loss-making PJSC Ukrainian unit to Russia’s Alfa Group as part of a restructuring drive.