Business news from Ukraine

Business news from Ukraine

FARMAK’S LOSSES DUE TO WAR AND FIRE AMOUNT TO UAH 1.5 BLN

The losses of pharmaceutical company Farmak (Kyiv) due to a fire in a warehouse that occurred at the beginning of the war amounted to about UAH 1.5 billion.

“The warehouses of Farmak, where there were ready-made medicines, raw materials for medicines, primary packaging, were burned to the ground by the occupiers in the first days of the war. According to general estimates, the losses amounted to about UAH 1.5 billion,” the company said on its Facebook page.

The company also said that currently 87 of its employees defend Ukraine in the ranks of the Armed Forces of Ukraine or territorial defense.

From December 2021, Farmak and the Charitable Foundation of Zhebrivskykh Family have donated more than UAH 12 million to support the Armed Forces of Ukraine, medical institutions and the civilian population, including about UAH 9 million in medicines.

In addition, the company announces an agreement with its foreign partners on humanitarian supplies of critically important medicines, in which Farmak provides logistics. Some of these deliveries worth EUR 1 million have already been unloaded in Ukraine.

“This is only half of the already confirmed deliveries. This is what makes it possible to fill the warehouses of the Public Health Center of the Ministry of Health with everything necessary,” the company said.

Farmak said that the company is currently “working on the issue of reducing the shortage of medicines on the Ukrainian market using internal resources.”

The company said that since the beginning of the open armed aggression of the Russian Federation against Ukraine, Farmak has not made a single shipment of medicines to Russia and the Republic of Belarus. In particular, on February 24, Farmak donated a truck with medicines worth $200,000, which were preparing for shipment to Belarus, to the needs of Chernihiv.

“We cleared it back and handed it over to the needs of the city of Chernihiv, which was one of the first to be attacked by the Russian military,” the company said.

Farmak recalled that its representative office in the Russian Federation was curtailed back in 2014.

CHEESE MAKERS IN CENTRAL AND WESTERN UKRAINE MEET CURRENT NEEDS OF UKRAINIANS IN CHEESE

Cheese makers in central and western Ukraine meet the current needs of Ukrainians in cheese, since demand for it is limited due to the departure of consumers from the occupied and frontline territories and abroad, according to the website of the analytical agency Infagro.

“Cheese logistics are getting better, chains have partially resumed direct deliveries to stores, despite the non-working shopping and entertainment centers in many regions. The shelves of working stores have almost been freed from imported assortment. Relatively good sales are in western Ukraine, where migrants have moved,” the message says.

According to the agency, in March prices for Ukrainian cheese did not change compared to February this year.

It is specified that the export of Ukrainian cheese this month will be quite insignificant, only Moldova is available for domestic supplies.

At the same time, cheese imports to Ukraine in February were still significant, 3,600 tonnes were purchased, of which 1,500 tonnes of hard/semi-hard and 600 tonnes of processed cheese.

“Now most of the cheese brought in February has either been sold out or stuck somewhere in distribution warehouses. Most likely, cheese will be brought from Europe as humanitarian aid,” the agency summed up in the message.

GERMANY IS FACING SHORTAGE OF MUSTARD

From the second half of 2022, Germany is facing a shortage of mustard due to a lack of mustard seeds for its production, the shortage is caused by Russian aggression in Ukraine, since these two countries provide a total of 80% of German imports of this agricultural raw material.
This opinion was expressed by Markus Weck, CEO of the German food industry association Kulinaria Germany, for the German edition Die Welt.
“There is already a shortage of raw materials for mustard. And in the coming weeks and months, the shortage will increase – up to complete supply disruptions. The shocks caused by the coronavirus pandemic are practically nothing compared to what is happening in the markets right now,” the publication quotes the Kulinaria CEO.
According to him, 80% of mustard seeds come to Germany from Ukraine and Russia, and its shortage is already forcing German mustard producers to reduce its production and raise prices for their products. Weck clarified that the prospects for the German mustard market remain uncertain until the end of the Russian invasion of Ukraine.
“Sowing should take place in the next two weeks. However, this is unlikely in Ukraine, given the current situation. But this means that an important supplier of raw materials for mustard producers is lost in the summer. And whether Russia will then export goods is also unknown,” the expert explained.
The Kulinaria CEO stressed that German mustard producers will have enough stocks of raw materials for a period of several weeks to several months.
Mustard consumption in Germany is one of the highest in the world and is used to prepare a large number of German traditional dishes.

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TODAY ISRAEL TO OPEN FIELD HOSPITAL IN UKRAINE

On Tuesday, Israel will open a field hospital in the city of Mostyska, Lviv region, Israeli Ambassador to Ukraine Michael Brodsky said.

“Israel will become the first country to open a field hospital in Ukraine. The official opening ceremony will take place today in the city of Mostyka, Lviv region,” Brodsky said on Twitter on Tuesday.

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BRAZIL LAUNCHES INTEGRATION PROGRAM FOR UKRAINIAN SCIENTISTS

Brazil is opening a program for the integration of Ukrainian scientists, the Ministry of Education and Science reports.

“The government of the State of Paraná, with the support of the Araucaria Foundation and the General Directorate of Science, Technology and Higher Education (SETI) of Brazil, announced the admission and integration of Ukrainian scientists who were forced to leave the country due to the full-scale military invasion of Russia,” the press service of the Ministry of Education said.

It is noted that the main goal of the program is to provide an opportunity for scientists from Ukrainian universities to continue their research at the universities of the state of Paraná for up to two years.

It is expected that the program will involve 50 scientists with a scientific title of doctor of projects. These instructors will have the opportunity to teach and develop their skills at the universities of the state of Paraná.

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18 CANADIAN COMPANIES TO FUND SETTLEMENT AND SUPPORT OF 1,000 FAMILIES OF REFUGEES FROM UKRAINE

Some 18 Canadian companies and organizations, including the National Bank of Canada, Bombardier, Broccolini, KPMG and others, have teamed up to resettle 1,000 families of Ukrainian refugees in the near future, according to a press release from the music and media company Stingray (Montreal, Canada).
“As we watched the conflict unfold and witnessed the forced displacement of millions of Ukrainians, we could not stand by without doing our part. We are impressed by the quick response, active participation of businesses, and interest of all levels of government in making this initiative a reality. Together, we hope to welcome up to 1,000 Ukrainian families, starting in the coming weeks,” President, Co-Founder and CEO of Stingray Eric Boyko said.
“These companies have agreed to welcome up to 80 families each, ensuring that they are well looked after throughout the process. While responding to labor needs, these companies are offering newcomers work, access to lodging, and means of subsistence while preserving these families’ dignity throughout this challenging ordeal,” the report says.

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