Business news from Ukraine

Business news from Ukraine

UKRAINIAN FARMAK GETS REQUEST ON POSSIBILITY OF INVOLVING COMPANY IN CLINICAL TRIALS OF UKRAINIAN COVID VACCINE

The pharmaceutical company JSC Farmak (Kyiv) has received a request from the Ministry of Health and scientists regarding the possibility of its involvement in clinical trials of a Ukrainian vaccine against COVID-19, the company has told Interfax-Ukraine.
“Farmak has recently received a request from the Ministry of Health and scientists about the possibility of involving the company in clinical trials of the Ukrainian vaccine against COVID-19. Also, the state received a request for the possibility of industrial production of the vaccine (if its safety and effectiveness are proved),” the company said.
Currently, Farmak is studying the request: the company’s experts are analyzing the available materials related to the development and are consulting with scientists and representatives of the Ministry of Health.
As reported, the state intends to fund clinical trials of the vaccine.
Farmak manufactures medicines in all fourteen therapeutic groups. Among the main directions are anti-cold, endocrinological, gastroenterological, cardiological, neurological portfolios. The company annually introduces to the market about 20 new complex-component modern drugs, and about 100 drugs are currently in development.
Over the past five years, Farmak’s investments in the scientific and technical complex, production equipment, and research activities amounted to UAH 3.4 billion.
In 2019, Farmak received a net profit of UAH 1.056 billion, which is almost the same as in 2018 at UAH 1.05 billion, while in 2018 Farmak increased its net profit by 25.16%.
JSC Farmak is a member of the Manufacturers of Medications of Ukraine Association.
According to the unified state register of legal entities and individual entrepreneurs, the ultimate beneficial owner of Farmak is the head of the supervisory board, Filya Zhebrovska, who owns 80% of the company’s shares.

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KHARKIV RECEIVES FIRST OUT OF 49 TROLLEYBUSES UNDER EIB LOAN

Kharkiv received the first low-floor, one-section trolleybus out of 49 comfortable trolleybuses purchased under loans from the European Investment Bank (EIB).
According to the press service of the Ministry of Infrastructure of Ukraine on Thursday, October 22, this became possible due to the participation of Kharkiv in the Ukraine Urban Public Transport project, which is a framework loan from the EIB.
As part of the project, the city received a EUR 10 million loan for the renewal of the trolleybus fleet.
“Kharkiv became one of the 11 member cities and has already received today the first low-floor trolleybus out of 49. By the end of the year we hope to conclude an agreement with the EIB on the implementation of the second part of the project Urban Public Transport II, which will provide for the purchase of only environmentally friendly transport. I am sincerely grateful to our partners from the EIB, who support us both in the implementation and in the continuation of this important project for the cities,” Minister of Infrastructure of Ukraine Vladyslav Krykliy said.
Trolleybuses for Kharkiv were manufactured by the subsidiary Car Assembly Plant No.1 of Automobile Company Bogdan Motors.
According to the delivery schedule, 49 trolleybuses will arrive in Kharkiv by the end of 2021. The whole delivery will include 12 two-section and 37 single-section trolleybuses.

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RENOVATION OF ROADS LEADING TO CHECKPOINTS IS ONE OF UKRAVTODOR’S PRIORITIES

The State Roads Agency of Ukraine (Ukravtodor) considers one of its priorities for 2021 to update roads leading to checkpoints on the border of Ukraine, the agency’s Telegram channel reported on Thursday.
“This will contribute to the growth of exports, transit and tourism,” the press service of the agency quoted chairman of Ukravtodor Oleksandr Kubrakov as saying.
He also noted that this year the road M-07 Kyiv – Kovel – Yahodyn (to Lublin) is being renewed within the framework of the national program “Big Construction”. In particular, the reconstruction and extension of the section of the roadway to the first category have already been carried out. The plans are for M-07 (the entire route after Kovel and up to the border) to become the first category highway.
Extension to the first category was also carried out on the N-22 Kyiv – Rivne highway.
In total, 156 km of national roads are being renovated in Volyn this year, of which the top layer has already been laid on almost 100 km.

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UKRAINE EXPORTS ALMOST 15 MLN TONNES OF GRAIN SINCE START OF MARKETING YEAR

Ukraine exported 14.8 million tonnes of grain and legumes since the beginning of the new 2020/2021 marketing year (MY, July-June) and as of October 23, which is 2.77 million tonnes less than on the same period of previous marketing year.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, 10 million tonnes of wheat, 3.3 million tonnes of barley and 1.4 million tonnes of maize have been exported.
As of October 23 this year, 59,000 tonnes of flour were also exported.
As reported, Ukraine exported a record 57.2 million tonnes of grain, legumes and flour in the 2019/2020 marketing year, which is 13.5% more than in the previous one.

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FALL OF AGRICULTURAL PRODUCTION IN UKRAINE ACCELERATES IN SEPTEMBER TO 19.2%

The fall of agricultural production in Ukraine accelerated in September 2020 from the same month in 2019 to 19.2% from 5.5% in August, the State Statistics Service reported on its website.
According to its data, in general, in January-September this year, the decline in the Ukrainian agro-industrial complex accelerated to 13.1% from 9.8% in the eight months.
As reported, in 2019 agricultural production in Ukraine increased by 1.1% after jumping by 8.1% in 2018 and falling by 2.2% in 2017.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 23/10/20

National bank of Ukraine’s official rates as of 23/10/20

Source: National Bank of Ukraine