Business news from Ukraine

NESTLE TO INVEST UAH 700 MLN IN UKRAINIAN FACTORY

Nestle, one of the world’s largest producers of food, will invest UAH 700 million in the reconstruction and modernization of Mivina factory in Kharkiv. Nestle CEO for Ukraine and Moldova Ansgar Bornemann and Head of Kharkiv Regional State Administration Yulia Svetlychna said this during a press briefing in Kharkiv.
“The company began preparations for the modernization of Mivina factory in 2015. The final project plan was approved in early 2018. The main goal is to develop the factory, improve working conditions and increase the competitiveness of products,” the Nestle official said.
According to him, the project will be implemented in two stages by transforming the existing logistics center into a production facility with the subsequent development of all necessary infrastructure and transferring production lines to new premises.
“Reconstruction will help not only modernize the enterprise but also improve the technology of production. Updating the recipe for Mivina products, in particular reducing fat content in products, will allow meeting the criteria for assessing the nutrition foundation of Nestle products, which are based on dietary recommendations of the World Health Organization,” Bornemann noted. The head of the Kharkiv administration, in turn, reported that almost half of the products produced at the Kharkiv factory are exported to 17 countries in Europe and the world.
The company plans to complete all the stages of reconstruction and commission the updated enterprises by 2021.

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INDIAN AYURVEDIC PHARMACEUTICAL MANUFACTURERS WILL VISIT UKRAINE

Indian pharmaceutical companies producing Ayurvedic drugs will visit Ukraine in mid-April. According to the Embassy of India in Ukraine, a delegation of Ayurvedic companies will hold a number of meetings in the Ukrainian Chamber of Commerce and Industry and the Verkhovna Rada. The embassy also informs that representatives of the Indian Ministry of AYUSH at the seminar “Ayurveda – the science of healing life by nature” held in Kyiv in late March raised the issue of the possibility of bilateral partnership between India and Ukraine to promote trade in Ayurvedic drugs, educational courses and Ayurvedic doctors in Ukraine.
The embassy notes that the activity of manufacturers of Ayurvedic medicines in India is regulated by the law on medicinal and cosmetic means. At present, there are 278,000 Ayurvedic specialists, over 200 Ayurvedic educational institutions and 112 Ayurvedic training institutions in India. Every year, 15,000 people graduate from such institutions. In addition, there are 7,439 private companies that produce Ayurvedic medicines and more than 20 companies that have an international GMP certificate in India.
As reported, India intends to support the development and promotion of traditional Indian medicine around the world. At present, the state integrates the infrastructure of AYUSH (Ayurveda, Yoga, Naturopathy, Unani, Siddha, Sowa-Rigpa and Homoeopathy) into the Indian health system.

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UKRAINE STARTS SOWING SPRING CROPS, AREA UNDER CROPS – 27.2 MLN HECTARES

The sowing of spring crops has started in Kherson and Mykolaiv regions, First Deputy Minister of Agriculture and Food Policy Maksym Martyniuk said on his Facebook page. According to his data, as of April 2 Kherson region had sowed 4,000 hectares with barley and 300 hectares with peas. Mykolaiv region sowed barley on 600 hectares. The area under crops for the harvest of 2018 will be 27.2 million hectares, which corresponds to the indicator of 2017.
As of March 30, Ukrainian agrarians are 100% provided with seeds (638,000 tonnes), 91% with plant protection agents (27,400 tonnes), and 81% with fuel (326,000 tonnes). Martyniuk noted, despite the increase in import duties on fertilizers from Russia (from 36.03% to 42.96%), prices for most types of fertilizers (including ammonium nitrate) over the last week did not increase, but even slightly decreased.

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