Business news from Ukraine

Business news from Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF MAY 21

Official rates of banking metals from national bank as of May 21

One troy ounce=31.10 grams

,

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 21/05/20

National bank of Ukraine’s official rates as of 21/05/20

Source: National Bank of Ukraine

UKRAINIAN CENTRENERGO PREPARING FOR PRIVATIZATION

The Deposit Guarantee Fund (SPF) of Ukraine is working on preparations for the privatization of PJSC Centrenergo, Ukrainian President Volodymyr Zelensky has said.
“A lot of things are being said about Centrenergo. The company will prepare for privatization. The State Property Fund is engaged in this. They have a clear plan,” the head of state said during a press conference on Wednesday. More…

UKRAINIAN TRANSPORT COMPANIES CARRY 939 MLN PEOPLE IN JAN-APR 2020

Ukrainian transport companies carried 939.3 million people in January-April 2020, which is 34.1% less than a year ago, the State Statistics Service has said.
The authority said that passenger turnover of transport companies over the period totaled 19.3 billion passenger/km, which is 39.6% less than a year ago.
According to the State Statistics Service, in January-April of this year, 28 million passengers used rail transport (including transportation by the city electric train), which is 43.1% less than in January-April 2019, and 394.7 million passengers (35.1% less) travelled by road.
Air transport decreased passenger transportation by 41.2%, to 2 million people.
In addition, according to the State Statistics Service, in January-April 151.6 million passengers used trams (a decrease of 26.6% compared with the same period a year earlier), subways carried 139.2 million people (a decrease of 41%), and trolleybuses some 223.8 million passengers (30.5% down).
Passenger transportation by water decreased by 96.2% and amounted to around 10,000 people.
According to the service, the indicators are given without taking into account the temporarily occupied territory of Crimea, Sevastopol and part of the temporarily occupied territories of Donetsk and Luhansk regions.

UKRAINIAN FARMAK TO USE GERMAN SCIENTISTS’ PROTOCOL OF TESTING ANTIVIRAL MEDICINE EFFICIENCY AGAINST CORONAVIRUS

PJSC Farmak pharmaceutical company (Kyiv) will use the German scientists’ protocol of clinical trials of the antiviral medicine efficiency, produced by Farmak for coronavirus (COVID-19) treatment, the company’s press service said with reference to Chairperson of the Supervisory Board of Farmak Filya Zhebrovska.
“This medicine was tested apart from human trials and showed good results. We need to come to clinical trials and conduct them, so that in the autumn we know that this medicine is effective and it can fight COVID-19. German scientists helped us indeed. They have prepared the clinical trial protocol correctly, so that we can investigate if this medicine is working according to all necessary criteria. This is a big, hard and expensive work,” she said.
Zhebrovska said that the antiviral medicine, which efficiency against COVID-19 Farmak plans to test, is also being studied by foreign research centers.
“There are good studies on our antiviral medicine at Oxford and Frankfurt universities,” she said.
Zhebrovska said that significant financial funds are needed for the development of COVID-19 vaccines, which Ukraine and the Ukrainian pharmaceutical companies do not currently have.
“The European Investment Bank organized a consortium together with the WHO and allocated EUR 7.6 billion for the development of vaccines for COVID-19. Neither Farmak, nor Ukraine, unfortunately, have such financial capacities. Perhaps we can join to these works at some stage,” she said.
Farmak is the leader in the pharmaceutical market of Ukraine in terms of sales. It exports products to 20 countries.

, , , ,

IRELAND PLANS TO OPEN EMBASSY IN UKRAINE

Minister for Foreign Affairs and Trade of Ireland Simon Coveney, during a telephone conversation with Ukrainian Foreign Minister Dmytro Kuleba, confirmed his intention to open the Irish Embassy in Ukraine by the end of 2020, the press service of the Ministry of Foreign Affairs of Ukraine reports.
“The opening of the Irish Embassy in Kyiv is an important milestone in our relations. We also expect that the Irish business mission will arrive in Ukraine by the end of the year. We need to quickly and efficiently develop trade and attract Irish investment in Ukraine,” the press service of Ukrainian Foreign Ministry quoted Kuleba as saying on Wednesday.
Kuleba also noted the consistent support by Ireland for the sovereignty and territorial integrity of Ukraine, including in the framework of international organizations.
The ministers exchanged information on overcoming the consequences of the COVID-19 pandemic and measures taken by the governments of both countries to return to everyday life.

,