Official rates of banking metals from national bank as of May 14
One troy ounce=31.10 grams
National bank of Ukraine’s official rates as of 14/05/20
Source: National Bank of Ukraine
Pharmaceutical manufacturers of Ukraine register clinical trials of medicines for the treatment of coronavirus (COVID-19), Health Minister Maksym Stepanov has said.
“There are internal enterprises that register clinical trials of medicines, which they produce in our country. Currently, they are Farmak, Borschahivsky Chemical Pharmaceutical Plant, Darnitsa pharmaceutical company, Biopharma and Interchem. They are trying to create medicines to treat COVID-19, including symptomatic ones. For example, Darnitsa brought in a substance for the production of hydroxychloroquine, while Biopharma registered a clinical trial of Bioven,” he said during a press briefing in Kyiv on Wednesday, May 13.
PrJSC Severodonetsk Azot has resumed production of liquid carbon dioxide, and its production capacities will allow shipping about 1,500 tonnes of marketable products per month, Group DF said in a press release.
The decision to expand the range of manufactured products due to liquid carbon dioxide, which is not part of the main product line, was made in order to increase the margin of the business.
Production of liquid carbon dioxide became possible after the restoration of the full production cycle at the enterprise and the start of ammonia production, the report said.
PrJSC Severodonetsk Azot is one of the largest Ukrainian chemical enterprises. It has been part of Group DF since 2011. Its core business is production of mineral nitrogen fertilizers.
According to the statements of the enterprise, in 2019 the company received UAH 6.091 billion of net profit against UAH 162.211 million of net loss in 2018. The company’s revenue increased by 2.3 times, to UAH 1.066 billion.
On the first of the quarantine easing on May 11, nearly 90% of the outlets who got permission to work (except for entertainment and public foodservice areas) opened all over Ukraine, except for Kyiv, Lviv and Chernivtsi region.
“Since May 11, all stores in the shopping centers in Ukraine can operate in all cities except for Kyiv, Lviv and Chernivtsi region.The work of the outlets that do not sell clothes and shoes is permitted in Lviv trade center. Attendance on May 11 was expectedly low. As previously expected, attendance drop rate in the different objects can reach 25-50%. Such indicators have already been demonstrated by the shopping centers in countries where they opened earlier,” Head of Council of Shopping Centers of Ukraine and Chief Operation Officer of the Budhouse Group Maksym Havriushyn said.
According to him, nearly 90% of the outlets, who got permission to work (except for entertainment and public foodservice), opened in the Ukrainian shopping malls. A number of 95% areas and 93% of the outlets among those authorized to work opened in the shopping centers of Budhouse Group (Fabrika in Kherson, Liubava in Cherkasy, and Forum in Lviv).
“Thus, taking into account the areas, which are not permitted to work as for now, 63% of the areas and 80% leaseholders function in our trade centers. Except for Forum Lviv trade center, where 32% of the areas work now,” he said.
He said attendance rate in the shopping mall of Budhouse Group was falling by 25% compared to 2019.
“Attendance in Forum Lviv trade center almost remains at the same level that was before May 11. It is too early to talk about the turnover of stores in our shopping centers on the first day, but some leaseholders note a high conversion and the average check is higher than usual,” he added.
Ukraine may benefit from the restructuring of supply chains that will follow the crisis, said regional economist at the European Bank for Reconstruction and Development (EBRD) and former head of the Central Bank of Macedonia Dimitar Bogov.
“Ukraine, with its geographical proximity to Western Europe and the size that can have economies of scale, has every opportunity to capitalize on such a post-crisis development. This crisis will also provide additional impetus to the information and communication technology, e-commerce and delivery services industries while challenging the business models of retail, real estate services and the sharing economy,” Bogov in an interview with Interfax-Ukraine.
In his opinion, this is one of the economic opportunities that will arise in response to the Covid-19 crisis in the long run.
“The crisis can lead to a more thorough study of supply chains with an emphasis on sustainability and diversification. In many sectors, one economy, often China, is now the dominant global supplier,” he said.
In some of these sectors, the economies of the EBRD regions already have comparative advantages and large export volumes, which could lead to further expansion of their exports, he added.
