Business news from Ukraine

Business news from Ukraine

INDIAN PHARMACEUTICAL COMPANIES READY TO PROVIDE UKRAINE WITH ANTIVIRAL DRUGS

Indian pharmaceutical companies are ready to provide Ukrainians with antiviral drugs, the Indian Pharmaceutical Manufacturers Association (IPMA) has said.
“The leading Indian pharmaceutical companies represented by IPMA in Ukraine are ready to assist Ukraine in providing it with high-quality and effective medicines, including antiviral drugs, which have recently been used in the fight against the coronavirus disease COVID-19 in the world,” the association said.
IPMA also reported that Indian doctors have noted some success in treating COVID-19 with drugs such as LPV/r, Oseltamivir, Ribavirin and Chloroquine.
“At the same time, it is probably still necessary to observe patients in order to reach a final conclusion,” the IPMA said.
At the same time, the association said that Indian family companies, which are one of the world leaders in the production of drugs for the treatment of HIV/AIDS, will be ready for a possible increase in supplies to Ukraine if the country makes such a decision.
“So far, such negotiations are not conducted, but we are ready for them,” the IPMA said.
At the same time, the association said that Indian pharmaceutical companies have sufficient capacity to meet increasing demand.
“Like any state, in connection with the current situation in the world – the COVID-19 pandemic, India should protect its citizens first of all. But for now, our manufacturers have enough capacities to provide other countries [with drugs] as well,” the IPMA said.
The association said that currently, due to the lack of air traffic, there are some difficulties with the delivery of goods from India, including drugs, while there are no delays in customs and interruptions in logistics.
The range of orders that come from pharmacies and medical institutions as a whole has not changed, but, in addition to ordinary orders, there is a demand for masks and disinfectants.

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UKRAINE EXPORTS 44.2 MLN TONNES OF GRAIN SINCE START OF MARKETING YEAR

Ukraine since the beginning of the marketing year 2019/2020 (MY, July-June) and as of March 23, 2020 had exported 44.19 million tonnes of grain and legumes, which is 7.92 million tonnes more than on the same date of the last MY.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, the country has exported 17.42 million tonnes of wheat, 22.03 million tonnes of corn, and 4.22 million tonnes of barley.
As of March 23 this year, some 267,800 tonnes of flour had been also exported.
As reported, Ukraine in the 2018/2019 MY exported a record 50.4 million tonnes of grain, legumes and flour, which is 23% more than in the previous MY.
The U.S. Department of Agriculture (USDA) in March raised its forecast for grain exports in Ukraine for the 2019/2020 MY by 680,000 tonnes compared with the February forecast, to 57.34 million tonnes due to indicators for corn.

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UKRAINIAN TEXTILE-CONTACT STARTS SEWING MASKS, PROTECTIVE GOWNS, SHOE PROTECTORS, FOREARM SLEEVES

The Textile-Contact Group has started sewing protective gowns, shoe protectors, forearm sleeves and masks at its garment factory in Chernihiv, and soon it is planned to join two more garment factories to the process – in Lubny (Poltava region) and Korosten (Zhytomyr region), the founder of the group Oleksandr Sokolovsky has said.
“We have launched production of protective suits, shoe protectors, forearm sleeves and masks. We started from the TC-Style factory in Chernihiv. They already got the fabric, sewed the first samples and started mass sewing. The other day we’ll join two more sewing factories – TC-Lubny and TC-Korosten. The main thing is to solve all the problems that arise in the current situation due to emergency measures announced,” Sokolovsky wrote on Facebook.
In addition, taking into account possible problems with the delivery of gauze from Uzbekistan, the company launches sewing of reusable protective masks (the price is UAH 9.96 with VAT) from chintz (100% cotton) of its own production, which is produced by a textile factory in Chernihiv, at its several factories.
“We opened it last year and will now increase capacity at full steam. Indeed, without raw materials, the sewing factories will stop, since almost all are focused on China and are already working on the remains of fabrics,” he wrote.
Sokolovsky said that reusable masks from chintz are recommended to be worn for no more than two and a half or three hours, but then it can be washed and ironed.
“So far, we cannot organize retail sales and online delivery. Therefore, the minimum shipment of protective suits is 50 pieces, masks is 1,000 pieces,” he added.

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LARGEST UKRAINIAN TELECOMMUNICATIONS OPERATOR CANCELS MONTHLY FEE FOR REMOTE OFFICE SOLUTIONS

Kyivstar mobile communications operator has canceled the monthly fee for most popular services allowing doing business remotely, the press service of the operator reported on Monday. “Many companies now find themselves in difficult conditions when they have to completely rebuild business processes in accordance with the requirements of quarantine. At the same time, some businesses already had experience using services to work online, but most others do not even know where to start. Kyivstar Business not only provides individual expert advice to such companies, but also offers to start working with new tools in testing mode without paying a monthly fee,” the press service said, citing Corporate Business Development Director at Kyivstar Kostiantyn Vechir.
According to the report, in particular, the list of the services includes:
– Microsoft Office 365 and StarTeams (terms of the promotion: connection up to 25 Office 365 licenses for using the services, no monthly fee is charged for 30 days from the date of connection during the period of the action);
– Mobile Virtual PBX (terms of the promotion: use of the service without a monthly fee within 60 days from the connection date during the validity period of the promotion);
– Star.Docs electronic document management system (terms of the promotion: signing an unlimited number of electronic documents without charging a monthly fee or other payments during the promotional offer);
– IoT control center (terms of the promotion: connecting and using the platform without a monthly fee for two full months from the date of activation).
According to the company, the offer is valid from March 23 to April 3, 2020 for all new Kyivstar corporate clients, as well as those existing customers who have not previously ordered services from the promotional list.
Kyivstar is the largest Ukrainian telecommunications operator.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF MARCH 23

Official rates of banking metals from national bank as of March 23

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 23/03/20

National bank of Ukraine’s official rates as of 23/03/20

Source: National Bank of Ukraine