The share of Indian drugs from the beginning of 2024 was about 4% of the Ukrainian pharma market, said Dr. R.U.P. Menon, president of the Indian Pharmaceutical Manufacturer’s Association (IPMA).
“India’s share in the first quarter of 2024 was about 4%, India is in the seventh place of the ranking,” he told Interfax-Ukraine.
Menon stressed that despite the stabilization of the pharma market since the beginning of 2024, “the sale of hospital drugs has decreased as there is still a lot of humanitarian aid in hospitals.”
At the same time, commenting on the situation with the logistics of pharma products from India to Ukraine under war conditions, Menon noted that currently the delivery route from India to Ukraine is complicated, as there is no possibility of direct air and sea delivery during martial law.
“The delivery is done through European ports and from there by road to Ukraine. Logistics from India takes a lot of time and it is expensive,” he stated.
However, Menon added that major international Indian pharma companies continue to operate in Ukraine through their local warehouses and supply medicines to leading Ukrainian distributors. Also, Indian pharmaceutical manufacturers continue to participate in government procurement, in particular, of drugs for the treatment of HIV/AIDS, tuberculosis and cancer.
According to him, in the retail segment there is still demand for Indian drugs for older age groups, stress management and sedative drugs.
Menon emphasized that all IPMA member companies have been contributing to Ukraine’s victory and helping Ukrainians since the first days of the full-scale war.
In particular, Indian pharmaceutical companies have provided about $16.6 million worth of pharmaceutical products as humanitarian aid during the full-scale war.
Meanwhile, in the first days after the missile attack on the Okhmatdet NDSB in Kiev, IPMA joined the aid and made a charitable contribution of half a million hryvnias to the hospital’s account.
“All members of our Association since the beginning of the war have not hesitated to mobilize to help Ukraine, donate and donate necessary medicines, material and financial resources to both Ukraine and non-governmental organizations, support Ukrainian citizens forced to leave their homes,” Menon said.
In addition, IPMA joined the initiative of the President of Ukraine Volodymyr Zelensky – UNITED24 and transferred to a special account of the National Bank to support the AFU half a million hryvnias.
IPMA unites companies that meet international standards FDA (USA), Health Canada (Canada), MHRA (UK), EMA (EU), MSS (South Africa), TGA (Australia), WHO GMP (WHO), GMP (Ukraine) and have representative offices in Ukraine. Indian Pharmaceutical Manufacturers Association (IPMA) represents the interests of leading Indian companies – manufacturers of pharmaceutical products in the Ukrainian market, contributes to the provision of quality and safe, effective and affordable medicines to the population of Ukraine.
Today the permanent members of IPMA are international companies Abryl Pharm LLC, Dia Pharma Limited, Dr.Reddy’s, Euro Lifecare Ltd, Hetero Labs Limited, M.Biotech Limited, Macleods Pharmaceutical Limited LLC, Mega Lifesciences LLC, Sun Pharma, Zandra Life Sciences PVT. LTD.
Indian Prime Minister Narendra Modi, during his visit to Kiev, intends to discuss with President Volodymyr Zelensky the possibilities of a peaceful end to the Russian-Ukrainian war.
“I look forward to continuing previous discussions with Zelensky on strengthening bilateral cooperation and sharing views on a peaceful resolution of the ongoing conflict in Ukraine,” Modi said in a statement released by his office on Wednesday.
The Indian prime minister will visit Ukraine on August 23 and meet with President Zelensky.
Earlier, the Indian Foreign Ministry emphasized that this is a “historic visit as it is the first time an Indian prime minister will visit Ukraine in more than 30 years of diplomatic relations.”
Ukrainian State Postal Service Enterprise (USPS) Ukrposhta (Kiev) is holding a tender for services of compulsory insurance of civil liability of owners of motor vehicles (OSAGO).
As reported in the system of electronic public procurement “Prozorro”, the expected cost of the service -2.064 million UAH.
Documents are accepted until August 24.
The Presidium of the League of Insurance Organizations of Ukraine (LIOU) has appointed Tetyana Mosiychuk to the position of vice-president, LIOU President Viktor Berlin said on his Facebook page.
“We have very ambitious goals, and for their realization we need professionals of the highest level. The tasks are many, the challenges are huge, it will not be easy, but I believe in our synergy!”, – emphasized Viktor Berlin.
According to him, Tetyana Mosiychuk will be responsible for the direction of interaction with the market regulator, as well as will tighten the activities already started by LSOU on consolidation of the insurance market of Ukraine.
“I thank you for your trust and I quite agree that it is very important now that the insurance market is united. There is still a lack of a monolithic voice of insurers. I believe it is necessary that insurance companies not only hear, but also take into account their position,” – said Tetyana Mosiychuk.
As reported, Tetyana Mosiychuk headed the Department of Supervision over the non-banking financial services market of the NBU from March 13, 2023 to May 3, 2024.
Tetyana Mosiychuk has worked in the financial sector of Ukraine for more than 30 years, in particular, she has significant experience in insurance, as well as in consulting and investment spheres.
Prior to her appointment to the National Bank, she worked as an advisor on strategic development of the insurance market to the Director General of the Insurance Business Association (2022-2023), was a member of the Management Board and Deputy Director of Persha Insurance Company (2021-2022). Prior to that, she worked in the Ukrainian Fire Insurance Company as Head of the Board (2019-2021), First Deputy Head of the Board (2018-2019).
She has significant experience in the civil service: she worked as Deputy Head of the State Commission for Regulation of the Financial Services Market of Ukraine and Head of the Financial Planning Department of the Ministry of Internal Affairs. She was an expert for EU projects in the field of financial market reforms.
Mosiychuk graduated with honors from Kharkiv State University (qualification: economist). In 2016, she received a PhD in Economics with a specialization in Economic Security of the State.
The housing price index in Ukraine at the end of April-June 2024 amounted to 110%, while in the same period of 2023 the index amounted to 114.2%, the State Statistics Service reported. According to its data, in the primary market housing prices in the second quarter of 2024 accelerated growth to 12.6% against 11.9% in the first quarter of last year. The growth in prices for one- and two-bedroom apartments amounted to 12.8%, three-room apartments – 12.5%.
In the secondary market, prices slowed down to 8.7% in April-June 2024 against 15.6% in the same period of 2023. Thus, the price growth for one-bedroom apartments amounted to 9%, two-bedroom apartments – 8.8%, three-bedroom apartments – 8.7%.
Compared to the previous quarter, housing prices rose by an average of 0.5%, while in the primary market – increased by 2.1%, in the secondary market – decreased by 0.3%.
According to the State Statistics Committee, since the beginning of the year, the prices on the “primary market” increased by an average of 15.1%, with one-room apartments – by 15.2%, two-room apartments – by 15%, three-room apartments – by 15.1%. In the secondary market, prices rose by 12.4%, 11.9% and 12%, respectively.
The State Statistics Committee pointed out that the figures are given without taking into account the temporarily occupied territories and part of the territories where there are (were) hostilities.
On August 20, the Operator of the Gas Transportation System of Ukraine LLC announced a tender for voluntary liability insurance of members of the supervisory board, CEO, and members of the directorate. According to the electronic public procurement system Prozorro, the expected cost of purchasing the services is UAH 1.6 million.
According to the system, the last day for submission of tender offers is September 2.
tender insurance, Ukraine's gas transportation system operator
Shareholders of IC “Globalis Insurance Solutions” (Kiev) at the meeting on September 28 plan to rename the company into PJSC “Globalis”, according to the agenda of the shareholders’ meeting, posted in the system of the National Commission on Securities and Stock Market (NCSSM).
In addition, the draft resolution proposes to exclude insurance from the company’s activities, and instead to introduce consultations on commercial activities and management, leasing and operation of own or leased real estate, activities in the field of law, activities of the main departments (head office) and identification of public opinion.
As reported, the National Bank of Ukraine in early January 2024 excluded Private JSC “IC ‘Globalis Insurance Solutions’ from the State Register of Financial Institutions due to the cancellation on January 4, 2024 of its licenses for the provision of financial services in the field of insurance. The regulator has taken such a measure of influence against the insurer in connection with its refusal to conduct an audit of the NBU, namely due to the failure to provide documents and information on the subject of the audit.
IC Globalis Insurance Solutions was registered in March 1997, specialized in risk insurance.
