Business news from Ukraine

Business news from Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF AUGUST 27

Official rates of banking metals from national bank as of August 27

One troy ounce=31.10 grams

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PHARMACEUTICAL COMPANY FARMAK TO OPEN OFFICE IN VIETNAM

Pharmaceutical company Farmak (Kyiv) will set up a representative office in Vietnam.
As the company said in the information disclosure system of the National Securities and Stock Market Commission, such a decision was made by its supervisory board on August 19 in order to carry out economic activities in Vietnam.
Farmak is the leader of the Ukrainian pharmaceutical market. The company’s product portfolio includes about 200 brands. Among the main directions are endocrinological, gastroenterological, cardiological, neurological, anti-cold and other drugs.
The company annually reinvests up to 90% of its profits in development. In total, more than $310 million have been invested in the modernization of production since 1995. Annual investments in research and development are approximately $15 million.
Over 2020, Farmak increased its net profit by 7.8% compared to 2019, to UAH 1.138 billion, and sales income reached UAH 7.5 billion.
The export share increased to 29.6% in total sales. Export deliveries increased by 40% over the year. The company exports its products to more than 25 countries around the world.

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THE PRINCELY GUERRIERS WILL FIGHT NEAR KYIV

On August, 28 and 29 the «Kyivan Rus Park» invites to the horse-trick show «The Princely druzhina». The guests will see the knightly tournaments, the Princely hunt, horse-trick performances, will take part in the ancient Slavic amusements, rites, fiery round dances and master-classes. Also the guests will be awaited by the walks on horseback, tasty dishes prepared on open fire, master classes and many more from the life of the medieval city.
Ancient Kyiv opens at 10:00. The program starts at 13:30.
The ticket price: a full adult ticket – 200 UAH, for pensioners and students – 150 UAH, for schoolchildren – 80 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv.
Details on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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TRANSPORT ENTERPRISES OF UKRAINE INCREASE PASSENGER TRAFFIC IN JAN-JULY

Ukrainian transport companies transported almost 1.5 billion passengers in January-July 2021, which is 4% more than in the same period in 2020, the State Statistics Service reported.
The passenger turnover of transport enterprises in January-July 2021 amounted to 34.8 billion passenger-kilometers, which is 26.8% more than last year.
According to the State Statistics Service, 47.5 million passengers used rail transport (including city commuter train services) in January-July, which is 22% more than in January-July 2020, and 622.8 million passengers used road transport (more by 0.8%).
Air transport increased passenger traffic by 99.6%, to 4.7 million people.
In addition, according to the State Statistics Service, over the seven months of 2021, some 222.6 million passengers used trams (less by 6.4% versus January-July 2020), 261.7 million people used subway (more by 22%), and 340.1 million people were carried by trolleybuses (more by 2.9%).
During the specified period, water transport carried 200,000 passengers (more by 182%).

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TRANSPORT ENTERPRISES OF UKRAINE INCREASE TRANSPORTATION OF GOODS IN JAN-JULY

Transport enterprises of Ukraine (excluding the territory of the Autonomous Republic of Crimea and Sevastopol, as well as part of the JFO zone) in January-July 2021 increased transportation of goods by 4.7% compared to the same period in 2020, up to 342.3 million tonnes, the State Statistics Service reported.
According to its data, the freight turnover of carriers for the specified period increased by 1.6%, to 161.9 billion tonne-kilometers.
According to statistics, in January-July 2021, some 173.4 million tonnes of goods were transported by rail in domestic traffic and for export, which is 3% more than in January-July 2020. Some 120.8 million tonnes (more by 17.6%) were transported by road, 2.6 million tonnes (down by 4.8%) by water, 45.4 million tonnes (less by 14.5%) by pipeline, 100,000 tonnes (more by 4.5%) by air.

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TURKISH CONTAINER LINE AKKON LINES STARTS WORK IN UKRAINE

The Turkish container line Akkon Lines starts operating in Ukraine, choosing for ship calls DP World TIS Pivdennyi (Odesa region) container terminal in the country.
“This regular weekly service will provide direct and fast connections between the container terminal at Pivdenny port, in Odesa region in Ukraine, and the key Turkish ports Ambarli and Gebze,” TIS Pivdennyi said in a statement.
The corresponding agreement was signed on August 26, 2021 by Ihor Zhihor, the CEO of DP World TIS Pivdennyi terminal, and Salim Isil, the CEO of AKKON Shipping. The first call to DP World TIS Pivdennyi is expected in the first ten days of September.
“Shorter and more flexible routes will speed up maritime logistics between DP World TIS Pivdennyi and Turkey, and make it easier for Ukrainian business to access other Turkish ports, in particular Gemlik, Mersin and Aliaga. As a result, Ukrainian cargo owners will be able to get additional convenient access to the Mediterranean and North African markets,” the report says.
Akkon Lines notes that such cooperation will give the company access to the multimodal infrastructure of Ukrainian partners, including the network of the so-called dry ports and railway terminals.
DP World TIS Pivdennyi is a container terminal located in the water area of Pivdenny seaport in Odesa region with berth depths of 15 meters and five STS cranes in one line. The terminal has its own well-developed railway infrastructure and regular block train service.
The terminal’s container throughput in 2020 amounted to almost 245,000 TEU, having increased by 12% compared to 2019.
Akkon Lines container line was founded in 2018 under the auspices of AKKON Maritime Transport and Trade A.S. and in partnership with Akarlar Shipping. It specializes in container shipping in the Mediterranean and Black Sea basins. Akkon Lines, in addition to container transportation services, offers ground transportation and logistics services for storage, customs clearance, etc.

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