Business news from Ukraine

Business news from Ukraine

U.S. PRESIDENT TO HOST UKRAINIAN COUNTERPART ON AUGUST 30

U.S. President Joe Biden will meet with his Ukrainian counterpart Volodymyr Zelensky in Washington on August 30, the White House said on Wednesday.
“President Biden looks forward to welcoming President Volodymyr Zelensky of Ukraine to the White House on August 30, 2021,” White House Press Secretary Jen Psaki said in a statement.
“The visit will affirm the United States’ unwavering support for Ukraine’s sovereignty and territorial integrity in the face of Russia’s ongoing aggression in Donbas and Crimea,” she said in the statement.
In addition, according to Psaki, Zelensky’s visit to the United States will also confirm “our close cooperation on energy security and our backing for President Zelensky’s efforts to tackle corruption and implement a reform agenda based on our shared democratic values.”

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MAIN PIPE ENTERPRISES OF UKRAINE INCREASE PRODUCTION IN H1

The main pipe enterprises of Ukraine in January-June of this year increased production of pipes from ferrous metals, according to recent data, by 16.4% compared to the same period last year, to 470,800 tonnes, in particular, in June – 94,300 tonnes. The Ukrtruboprom association told Interfax-Ukraine, in particular, the enterprises of the association during this period increased production of pipes by 16.1%, to 309,400 tonnes. In particular, in June they increased output compared to the same period last year by 56.5%, to 68,400 tonnes, compared to May of this year – by 16.9%.
At the same time, Interpipe Niko Tube and Trubostal demonstrate positive dynamics, while in the six months they increased pipe production by 58.6% and 11.1%, respectively. At the same time, Centravis reduced production by 10.2%, Interpipe Novomoskovsk Pipe Plant – by 23.2%.
Dnipropetrovsk Pipe Plant continues to be idle.
According to Heorhiy Polsky, the director general of Ukrtruboprom, for the fourth month in a row there has been an increase in the production of seamless pipes at the enterprises of the association due to the preservation of a favorable situation in foreign markets.
“Consumption of oil and gas pipes is at a high level due to the growth of drilling volumes, mainly in the United States and the Middle East. At the same time, in Ukraine, even against the background of rising gas prices, drilling volumes and, accordingly, consumption of such pipes are still far away from the pre-crisis level of 2018-2019. At the same time, pipe products for construction purposes are also in demand in the EU countries, the MENA region, as well as in Ukraine,” the top manager stated.
According to him, the sharp rise in the price of strip (although the rise in prices for it has practically stopped at present) continues to have a negative impact on the production of welded pipes.

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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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