Business news from Ukraine

Business news from Ukraine

BIOPHARMA PLANS TO INVEST UP TO $23 MLN IN DEVELOPMENT OF PLASMA CENTERS NETWORK BY 2025

Biopharmaceutical company Biopharma (Kyiv) plans to invest from $20 million to $23 million in the development of a network of plasma centers by 2025, Biopharma President Kostiantyn Yefymenko said.
“We plan to invest about $15 million in the next three years (in 2021, 2022 and 2023) in the development of blood plasma processing facilities at our site in Bila Tserkva. And we plan to invest in plasma centers during this time about $20-23 million by 2025,” he said in an interview with Interfax-Ukraine.
Yefymenko said that the company already has seven plasma centers, including in Cherkasy, Kyiv, Kharkiv, Dnipro, Konotop, Shostka and Sumy.
In 2021, Biopharma plans to build four more plasma centers in Kamianske, Mykolaiv and Poltava.
“As for the fourth plasma center […] we are now thinking whether it will be Kryvy Rih or Kherson. We intend to build plasma centers and blood centers in every regional center of Ukraine in five years,” Yefymenko said.

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AVERAGE MONTHLY WAGE BY REGION IN OCT 2020, UAH

Average monthly wage by region in Oct 2020, UAH.

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UKRHYDROENERGO PLANS TO LAUNCH HYDROELECTRIC UNIT OF DNISTROVSKA PSPP IN 2021

PJSC Ukrhydroenergo began start-up operations at the hydroelectric unit four of the Dnistrovska pumped storage power plant (PSPP) on December 22 and plans to complete the work on launching the unit in summer 2021, the company has said.
“The launch took place as usual, and all systems worked in accordance with the program. Absolutely all parameters of the hydraulic unit, temperature and vibration modes are normal. This is just the beginning of a whole stage of important work, which we plan to complete in six months and put the hydraulic unit into commercial operation,” Chief Engineer of Ukrhydroenergo Vadym Rassovsky said.
Earlier, the head of the company, Ihor Syrota, announced his intention to put hydroelectric unit four of Dnistrovska PSPP into industrial operation in the first quarter of 2021
Preparatory work for the construction of Dnistrovska PSPP began back in 1983, the first unit was launched in 2009, the second in 2013, and the third in 2015. The capacity of unit four will be 324 MW in generator mode and 421 MW in pumping mode.
A total of seven hydroelectric units with a total capacity of 2,268 MW (324 MW each) in generator mode and 2,947 MW (421 MW each) in pumping mode are planned to be built at the PSPP.
Ukrhydroenergo operates all large hydroelectric power plants located on the Ukrainian sections of the Dnipro and Dniester Rivers. The total installed electric capacity of the hydroelectric power plants of the generating company is 5,744.8 MW. The state represented by the Ministry of Energy of Ukraine fully owns the company’s shares.

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TEST SYSTEMS CAN REVEAL MUTATED STRAIN OF CORONAVIRUS IN UKRAINE

The test systems that are used in Ukraine can detect a mutated strain of coronavirus, which was recorded in the UK, Ukrainian Health Minister Maksym Stepanov told reporters on Thursday.
“The complexity of the situation with the mutated strain of coronavirus in the UK is that, according to preliminary data, it is 70% more infectious. At the same time, they have no evidence that it causes more complications, more severe disease or increased mortality. We increased control. Our test systems are able to detect this strain,” he said.
The minister noted that no cases of the mutated strain of coronavirus have been registered in Ukraine yet.
“We have a small number of flights from the UK. Basically, our citizens, who work there or study, come. We do not consider it necessary to close air traffic and then send planes to pick up our citizens,” Stepanov added.

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SOUTH KOREAN CARIS PLANS TO BUY OUT SHARES OF MINOR SHAREHOLDERS OF STRILA CRANE BUILDING COMPANY

Caris Ukraine LLC (Kyiv), controlled by South Korean Caris, intends to buy out the shares of minority shareholders of Strila crane building company (Brovary, Kyiv region), in which it owns 89.837% of shares.
According to the public irrevocable demand published in the information disclosure system of the National Securities and Stock Market Commission of Ukraine, the shares from the minority shareholders will be redeemed at UAH 129.4 per share (with a par value of UAH 110).
The charter capital of JSC Strila is UAH 6.21 million.
At present, Strila plant, which employed ten people by the beginning of this year, does not carry out production activities (since 2015), and receives main income from the sale of materials and partial lease of premises.
Caris, according to its information, has enterprises in many countries of the world, construction, logistics companies, companies for the production of innovative materials and components for road construction and traffic safety, and also has an R&D center that owns patented innovative technologies for the production of polymer and superhard materials used in heat power engineering, industrial electronics and mechanical engineering.

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UIG PAYS $1.133 MLN FOR GRAIN CARGO DAMAGED IN BEIRUT

Ukrainian Insurance Group (UIG, Kyiv) has paid insurance compensation in the amount of $1.333 million for a cargo of grain damaged as a result of an explosion in the port of the Lebanese capital Beirut on August 4, 2020, the insurance company has said.
The company said in a press release on its website that the blast wave spread 10 km from the explosion site. As a result, buildings and cars were damaged, the main port of Beirut, through which 60% of all Lebanese imports pass, was put out of action.
Among other things, a cargo of wheat insured by the UIG in the port was also destroyed. According to the insurance contract, the cargo was insured against all risks.
Ukrainian Insurance Group is a company with 100% foreign capital. It has been working in the Ukrainian conventional insurance market since 2000. It is part of one of the world’s largest insurance groups, the market leader in Central and Eastern Europe – Vienna Insurance.

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