Business news from Ukraine

Business news from Ukraine

FARMAK TO INVEST EUR 30 MLN IN R&D CENTER

Farmak pharmaceutical company (Kyiv) is investing EUR 30 million in the construction of an innovative research R&D center in Kyiv.
According to a press release from the company, the center is to open in 2023.
According to Executive Director of Farmak Volodymyr Kostiuk, the decision to build an R&D center was made a few years ago due to the expansion of the geography of presence and the portfolio of medicines.
In the new center, in particular, analytical laboratories will be concentrated, they will have about a hundred liquid and gas chromatographs and a number of modern devices for the development and testing of drugs.
In addition, the R&D center will house a technological laboratory with equipment for the development of finished drugs with various methods of their delivery to the human body and the implementation of personalized medicine protocols of the 21st century.
In the new R&D center, it is planned to continue working in three main areas: finished dosage forms, proprietary active pharmaceutical ingredients, as well as an innovative area in which Farmak has been working since 2015 – biotechnological active pharmaceutical ingredients. All processes will be digitized.
In addition, on the basis of the new complex, a special location will be equipped for young scientists who are not employees of the company, where they can engage in scientific activities and create prototypes of drugs.
The concept design of the complex was developed by Makhno Studio.
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.

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RETAIL GROUP FOZZY TO CREATE NETWORK OF SPORTS CLUBS

Fozzy Group announces the creation of a network of sports clubs Apollo Next Sport-Space, the opening of the first of them is planned in September this year.
According to the company’s report, the clubs will develop in the “high value – low price” segment, that is, the clubs will be affordable, but of high quality and technology.
“When creating Apollo Next, we were inspired by the NASA space flight program. It was this program that helped carry out the first manned landing on the moon and declare to the whole world that nothing is impossible for humans. Actually, we think so too. Therefore, we are launching the following “missions to the stars” in each new club. This will even be reflected in the names of the locations: Apollo 019, Apollo 020, Apollo 123 and so on,” the company describes the concept of the clubs.
According to a press release, three such sports spaces will open in early September in Kyiv: Apollo NEXT 019 with an area of 1,300 sq m in the Dream Town 1 shopping center (1b Obolonsky Avenue), Apollo Next 020 with an area of 1,200 sq m in KharOK shopping and entertainment center (9e Dekabrystiv Street) and Apollo Next 021 with an area of 1,200 sq m in the Arena City shopping center (2a Baseina Street).
It is noted that each sports space has a group training area, a functional area for small groups, a cardio area, a stretching area, as well as a place for working with free weights and sports equipment. On the territory there is a club management center, a social space with a cafe-bar, a kiosk with a branded line of Decathlon sports equipment, accessories and sports nutrition, as well as changing rooms and showers.
Apollo Next is the first fully digitalized network of sports clubs, all interaction takes place through the website, application, facial recognition system, Apollo Next bracelet and NFC devices.
Subscription allows you to train daily for four weeks. Subscription pre-sale started on July 20, 2021.

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TURKEY DOESN’T PLAN TO CLOSE BORDER TO FOREIGN TOURISTS

The Turkish embassy to Russia has denied information from a number of Russian media outlets about a possible closure of the country’s borders to foreign tourists due to the spread of the Indian variant of coronavirus.
“This information, which was published with reference to an interview with Turkish Minister of Culture and Tourism Mehmet Nuri Ersoy, is untrue. The minister did not make such statements during his speech,” the embassy told Interfax.
On Monday, a number of Russian media outlets reported the possible closure of Turkey’s borders to foreign tourists due to the spread of the Delta strain, a new variant of Covid-19, citing the Turkish minister of culture and tourism.
Meanwhile, as the minister said in an interview with CNN Turk, the improvement of the epidemic situation in the country depends first on the rate of vaccination. Ersoy believes that if citizens are actively vaccinated, then Turkey can quickly reach a complete rectification of the epidemiological situation in the country.
As for the spread of the Indian variant of coronavirus and the possibility of reclosing the country’s borders, the culture and tourism minister said that in the current situation, no guarantees can be given, but the country is closely monitoring the Delta strain.

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308,000 FOREIGN TOURISTS VISIT KIEV YEAR START

Since the beginning of the year, Kiev has been visited by 308,000 foreign and more than 500,000 domestic tourists, deputy head of Kyiv City State Administration Maryna Khonda has said.
“According to the State Border Guard Service, most of the foreign tourists came from the United States – 26,576 people. Israel is in the second place – 22,684 people, and Turkey closes the top three – 21,057 tourists. The list of countries from which a lot of tourists came from also includes Germany, Belarus, Saudi Arabia, Azerbaijan, Great Britain, Georgia and India,” Khonda said.
According to her, the tourism development will become one of the main priorities for Kyiv after the pandemic. A number of important projects are currently being implemented to increase the tourist attraction of the city. In particular, the Hospitality Academy recently began its work in Kyiv to train volunteer assistants in the field of tourism. Also in Kiev, they plan to create an inclusive tourist route that will unite the most famous sights.
Maryna Khonda also said that since the beginning of the year, UAH 22.5 million in tourist tax have been collected.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 21/07/21

National bank of Ukraine’s official rates as of 21/07/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JULY 21

Official rates of banking metals from national bank as of july 21

One troy ounce=31.10 grams

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