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11/09/2025
Source : ORISHAS FINANCE
Categories: General Information

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Turkish Drug Agency: EQL Pharma obtains authorization for its Mellozzan product

In a press release published at the start of week, generic company EQL Pharma announced that its key product, Mellozzan in the form of tablets, has received the approval of the Turkish Agency of drug for marketing. EQL's partner in Turkey, Abdi Ibrahim, will ensure the local manufacture and marketing of Mellozzan. The commercial launch is scheduled for the first half of 2026.

The extension of the Mellozzan range in Turkey with an oral solution is expected in 2027. The authorization request is currently under review by the Turkish Medicines Agency. In addition, Abdi Ibrahim has already submitted an application for approval for Mellozzan, in the form of tablets and oral solution, from the authorities of Kazakhstan.

Nuclear Expansion: The Court of EU justice sanctions Hungarian state aid

The highest court in the European Union has Ruled on Thursday that the European Commission should not have approved the aid State grant granted by Hungary for the expansion of the nuclear power plant by Paks, entrusted to a Russian company, considering that the Commission did not checked whether the contract complied with European rules.

Hungary directly awarded the contract for construction at the Russian company Nizhny Novgorod Engineering, as part of a bilateral agreement between Russia and Hungary on the peaceful use of nuclear energy.

In return, Russia granted the Hungary: a state loan to finance most of the development new reactors, a project validated by the European Commission in 2017.

Airspace violation Polish: The UN Security Council will meet urgently

The United Nations Security Council will hold a emergency meeting at the request of Poland to examine the violation of its airspace occurred this week, the Polish ministry announced on Thursday of Foreign Affairs. This announcement comes following an operation unprecedented during which Poland, a member of the European Union and NATO, supported by its allies in the Atlantic Alliance, shot down on Wednesday presumed Russian drones that have entered its airspace.

“We are drawing the world's attention to this unprecedented attack by Russian drones against a member of the UN, the EU and NATO,” Foreign Minister Radoslaw Sikorski told local radio.

Moscow denied responsibility for the incident. A senior Russian diplomat in Poland claimed that the drones came from the direction of Ukraine, a country invaded by Russia in 2022.

The Russian Defense Ministry has on its side indicated that its drones had carried out a major attack against military installations in western Ukraine, while specifying that no Striking on targets in Poland was not planned.

Commerce: Donald Trump asks the EU to impose tariffs on China and India

US President Donald Trump asked the European Union to impose customs tariffs of up to 100% on some Chinese and Indian products, in a new attempt to accentuate the pressure on Russia regarding its war in Ukraine, said two EU officials.

This request, which comes while the United States tries to curb Indian purchases of Russian oil and support From China to the Russian economy, was formulated when Donald Trump participated by telephone to a meeting between US sanctions officials and Europeans in Washington on Tuesday, officials said.

Donald Trump first urged the EU to impose tariffs of 50% to India and China, then said that the tariffs Customs officials should reach up to 100%, they said. The EU is preparing Currently a 19th package of sanctions against Russia. Last week, The United States agreed to resume technical discussions with the EU on sanctions against Russia, which was common under the administration Biden but hadn't happened since Donald Trump came home White.

IN SHORT

The Central Bank of Kenya announced on its site Internet, Thursday, that his next interest rate setting meeting will be will take place on October 7. At its last meeting in August, the institution had lowered its key interest rate by 25 basis points, bringing it down to 9.50%. Elle had then considered that there was room for further easing of monetary policy, with inflation remaining well within the range target.

The Hungarian Minister for European Affairs has declared on Thursday that the European Commission's idea of using the balances in cash associated with Russian assets frozen in Europe to grant a loan to Ukraine has risks, and it is essential that these legal risks are not transferred to the Member States.

An Istanbul prosecutor ordered the arrest of ten managers of a holding company and the seizure of their assets for fraud, including three television channels, Turkish media reported on Thursday. The assets of 121 companies, including the Haberturk, Show TV and Bloomberg HT channels, owned at Can Holding, were seized for “fraud, tax evasion and money laundering” of money,” said the prosecutor's office in Kucukcekmece, a district of Istanbul, quoted by the Turkish public channel TRT Haber.

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