Business news from Ukraine

Business news from Ukraine

UKRAINE REGISTERS SINGLE-DOSE VACCINE AGAINST CORONAVIRUS MANUFACTURED BY JOHNSON & JOHNSON

Ukraine has registered a vaccine against coronavirus (COVID-19) Janssen manufactured by Johnson & Johnson.
According to the Center for Public Health and the Health Ministry, the vaccine was registered for emergency medical use on July 2.
At the same time, it is specified that one dose of Janssen vaccine is sufficient for complete immunization.
The vaccine is approved for emergency use by WHO. The United States, Great Britain, the European Union, Switzerland, Canada and other countries have also given permission to use it.
This is a vector vaccine developed by Janssen, owned by Johnson&Johnson. It requires a storage temperature from minus two to plus eight degrees Celsius.

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U.S. ADMINISTRATION TO ANNOUNCE DATES OF UKRAINIAN PRESIDENT’S VISIT TO WASHINGTON SOON

The U.S. administration will soon announce the dates of the visit of Ukrainian President Volodymyr Zelensky to Washington, Ukrainian Foreign Minister Dmytro Kuleba has said.
“The dates are not yet known. We were offered the end of July, but we have not yet received specific days when this visit will take place. However, we are waiting for confirmation of the date soon. The U.S. administration is already actively working with us to prepare this visit,” Kuleba told journalists on the sidelines of the Ukraine 30. International Relations forum in Kyiv on Monday.
According to him, the focus of the visit will be the issue of security, that is, the Normandy format, Donbas, Crimea, the issue of U.S. investments in Ukraine and the trade development, as well as the issue of reforms in Ukraine.
“But besides the meeting with the U.S. administration, there will be many other events. There will be contacts through the IMF, there will be meetings with the community, with American business. Therefore, this is not just a visit to President Biden – this is a visit to the United States in a broad sense,” the Minister of Foreign Affairs said.
As reported, Biden invited Ukrainian President Volodymyr Zelensky to visit Washington this summer.

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WIZZ AIR ABU DHABI LAUNCHES FLIGHT TO UKRAINE

Wizz Air Abu Dhabi will operate from Abu Dhabi to Boryspil international airport (Kyiv region), the airport said on Saturday, July 3.
“The airline plans to operate flights with a frequency of once a week, every Saturday. The number of flights will increase during the summer. Wizz Air Abu Dhabi plans to operate three flights a week from the end of August, on Tuesdays, Thursdays and Sundays,” the airport said in the statement.
The flights will be operated on modern Airbus A321neo aircraft with ultra-low emissions, noise and fuel consumption. Wizz Air Abu Dhabi’s fleet consists of four such aircraft.
According to the flight booking service, from July 20 to July 31, the airline will add flights on Tuesdays. For August, the schedule includes flights once a week, on Thursdays, and from September the airline will increase the frequency of flights to three per week: on Tuesdays, Thursdays and Sundays.

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UKRAINIAN STARTUP FUND TO FINANCE 13 STARTUPS

The supervisory board of Ukrainian Startup Fund (USF), based on the results of the 26th and 27th Pitch Days, has defined 13 more startups that will receive grants totaling $475,000, the fund’s press service has said.
Teams of 24 projects took part in the pitching. Following the meeting of the fund’s supervisory board, it was decided to finance seven of them at the pre-seed stage (they will receive a grant of $25,000):
Avocado AI. B2B SaaS (Kyiv) – uses mathematical models to predict the demand for dishes and form the best order of ingredients for the establishment;
MANNA (Kyiv) – an interactive media platform for creating author’s 3D animation content, streaming and social interaction in the VR environment;
Advin (Kyiv) – a system for controlling the availability of goods on the shelves of a food retail store;
Monor (Kyiv) – innovative glasses from a 3D printer with the possibility of customization and a unique system for attaching the temples;
Energy Absorbing Breakwater (Dnipro) – a completely autonomous device for converting the energy of sea waves into water desalination and electricity generation;
4comfortshoes (Kyiv) – an online shoe fitting service for retailers and buyers. Based on the photographs of the buyer’s feet, the service determines the parameters and size of the shoes;
Workee (Kyiv) is a comprehensive solution for running a private coaching business.
In addition, it was decided to finance five startups at the seed stage (they will receive a grant of $50,000):
Awesomic (Kyiv) – an online application that matches the company’s task with the best designer to complete it;
Copra (Odesa) – a Ukrainian developer of premium acoustic systems and amplifiers;
DreamApp (Kyiv) – an interpreter of dreams;
Onyx (Cherkasy) – patented contactless towel dryers;
Noplag (Kyiv) – a service for checking plagiarism and resources for academic writing;
Meteocontrol AI (Kyiv) – a platform for insurance of farmers based on satellite data and proprietary algorithms.
The press service recalled that during the pitching, projects are assessed according to a number of criteria – team, market, appropriateness of financing, idea and development strategy.
As reported, on average, the Ukrainian Startup Fund allocates funding for every 25th application.
Ukrainian Startup Fund is a state fund created on the initiative of the Cabinet of Ministers. Its purpose is to provide financing to technology companies in the early stages of development (pre-seed and seed).

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