The Antimonopoly Committee of Ukraine (AMCU) has fined Zdorovye Pharmaceutical Company (Kharkiv) for unlawful use of the packaging design of the drug Panthenol Plus, which is similar to the packaging design of the drug Bepanten Plus used by Bayer LLC.
According to the AMCU, the pharmaceutical company “Zdorovye” was fined UAH 719.348 thousand.
According to Bayer, the design of the package of the drug Panthenol Plus is similar to the design of the package of Bepanten Plus to the extent of mixing, and Bayer did not grant permission to use a similar design of the package of Bepanten Plus.
AMCU, Antimonopoly Committee of Ukraine (, Bayer LLC., Bepanten Plus, Panthenol Plus, Zdorovye Pharmaceutical Company
The state specialized economic enterprise “Forests of Ukraine” on December 8 for compulsory insurance of motor civil liability of owners of land vehicles (MTPL).
As reported in the system of electronic public procurement Prozorro, the expected cost of the purchase of insurance services is 189.786 thousand UAH.
The deadline for submitting bids for the tender is December 16.
The U.S. Department of Agriculture (USDA) has raised its forecast for wheat exports from Ukraine in 2023/24 marketing year (MY) by 0.5 million tons to 12.5 million tons, and corn by 1.0 million tons to 21.0 million tons.
According to the U.S. agency’s December report, the improvement in the forecast for wheat exports was made by reducing the estimate of year-end carryover balances by the same 0.5 million tons, to 2.58 million tons.
As for corn, the USDA raised the forecast for its harvest also by 1 million tons – up to 30.5 million tons.
In addition, the U.S. analysts improved the estimate of transitional corn residues by 0.39 million tons both at the beginning of this MY (up to 2.8 million tons) and at its end (up to 6.82 million tons).
Overall, the updated world wheat crop forecast for 2023/24 is improved by 1.03 million tons to 783.01 million due to positive revisions to estimates for Australia and Canada, offsetting a worsening of the forecast for Brazil.
The estimate for global wheat consumption is raised by 1.82 million tons to 794.66 million, and global exports by 2.18 million tons to 207.19 million tons: in addition to Ukraine, the estimates for the United States, Australia and Canada are improved.
As for corn, the forecast for its harvest in December was raised by 1.28 million tons to 1 billion 222.07 million tons, and for exports by 1.84 million tons to 201.46 million tons.
forecast for wheat exports, forecast for wheat exports from Ukraine, U.S. Department of Agriculture, USDA
The National Bank of Ukraine (NBU) has imposed penalties on JSC IC Opeka (Kiev) for late submission of reports for 9 months and PJSC IC Inter-plus (Kiev) for untimely and incomplete submission of information at the request of the regulator, the NBU website said on Friday.
As specified by the press-service, such decisions on measures of influence were taken on the results of a visitless supervision on December 7 and come into force on Friday.
It is indicated that insurers are obliged to pay the fine within seven working days from the date of receipt of the relevant decision of the NBU, but the size of fines regulator does not specify.
IC “Opeca” has been working in the insurance market since 2003. It specializes in risk insurance. In January-September 2023 the company has collected insurance premiums for UAH 7.97 mln, which is 12% less than in the same period a year earlier. Gross premiums decreased by 1.1% – to UAH 8.08 mln, premiums ceded to reinsurance increased by 7.9% – to UAH 0.85 mln, and net loss amounted to UAH 13 thousand
PJSC Insurance Company Inter-Plus carries out insurance activity in the field of risk insurance and has been working in the insurance market of Ukraine since 2003. Gross premiums of the company for the nine months of this year have grown 4,9 times – up to UAH 89,2 mln, while payouts have decreased by 21,8% – up to UAH 2,88 mln. As a result, net profit increased 17 times – up to UAH 32.58 mln.
The shareholders of the company are: Oleksandr Ivanenko c 51.35% of the authorized capital, Olena Chupyrkina, Lidiya Pshtika and Olena Tonkovid and Dmytro Odarchenko – 9.9% each, as well as Oleksiy Shvayko – 9.05%.
JSC IC Opeka, Oleksiy Shvayko, PJSC IC Inter-plus, The National Bank of Ukraine, Дмитро Одарченко, Лідія Пштіка, Олександр Іваненко, Олена Тонковід, Олена Чупиркіна
World food prices fell by 10.7% in November this year compared to the same month last year, unchanged from the revised October level. Their index stood at 120.4 points, according to the FAO (UN Food and Agriculture Organization) report.
The grain price index was 3% below October’s level and 19.4% below last year’s record high. World prices for coarse grains fell most significantly over the month – by 5.6%, primarily due to a sharp drop in global corn prices.
The vegetable oil price index increased 3.4% year-on-year in October after three months of continuous decline. This was due to the increase in world prices for palm and sunflower oils, which more than compensated for the decrease in quotations of soybean and rapeseed oils. Dynamics of price changes in annual terms is not given.
The price index for dairy products in November increased by 2.2% as compared with October. The growth continues for the second month in a row. But in annualized terms, prices fell 16.9%. “In November, there was an increase in global quotations of butter and skim milk powder, which was due to high import demand from Northeast Asian countries, limited stocks and increased domestic demand ahead of winter holidays in Western Europe,” the document explained.
The meat price index was 0.4% lower last month compared to October and 2.4% lower compared to November last year. These figures reflect a slight decrease in prices for poultry, pork and beef.
The sugar price index in November was up 1.4% from October and up 41.1% on a year-over-year basis. “The increase in sugar prices recorded in November was mainly due to growing concerns about a reduction in global export supply this season amid deteriorating crop outlooks in Thailand and India, which are major exporters,” the report said.
The FAO Food Price Index is a weighted average that tracks international price movements for five major food commodity groups.
grain price, meat price index, price index for dairy products, sugar price, vegetable oil price index, World food prices
State enterprise NAEK Energoatom on December 6 announced a tender for compulsory insurance of civil liability of business entities for damage that may be caused by fires and accidents at high-risk facilities, including fire-hazardous facilities and facilities whose economic activities may lead to accidents of environmental and sanitary-epidemiological nature.
As reported in the e-procurement system Prozorro, the expected cost of services is UAH 10,404 thousand.
Applications for participation in the tender are accepted until December 14.
