Business news from Ukraine

Business news from Ukraine

UKRAINE APPROVES LIST OF INTERNATIONAL ORGANIZATIONS FOR MEDICINE PROCUREMENT

The list of specialized organizations that will procure medicines and medical products in 2021 was approved by the government at the Wednesday meeting.
According to the document, the Crown Agents British purchasing agency will procure: tests, consumables for the diagnosis of tuberculosis; immunobiological medicines for immunoprophylaxis of the population and products to ensure control of immunobiological preparations and medical devices; medicines for children with dwarfism of various origins; medical products for citizens suffering from epidermolysis bullosa; medicines for patients in the pre- and postoperative period of transplantation; consumables for determining the level of glucose in the blood, glycated hemoglobin; medicines for children with mental and behavioral disorders from the autism spectrum, with schizophrenia, affective disorders, hyperkinetic disorders and epilepsy; endoprostheses and implantation kits.
The United Nations Development Program (UNDP) will procure: medicines for citizens with viral hepatitis B and C; test systems for diagnosing HIV infection, accompanying antiretroviral therapy and monitoring the course of HIV infection in patients, determining the resistance of the virus, conducting reference studies; medicines and medical products to ensure the development of donation of blood and its components.

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DELICIA CONFECTIONERY FACTORY PLANS TO INCREASE PRODUCTION IN 2020

Delicia confectionery factory (Bucha, Kyiv region) plans to re-equip the existing production of flour products (rusks and dry biscuits, flour pastries, waffles, etc.), which will increase production capacity to 28,000 tonnes annually, according to the Unified National Environmental Impact Assessment Registry of the Ministry of Environmental Protection and Natural Resources of Ukraine.
The company plans to install new production lines in the existing production – one Gourmetback tunnel gas furnace and six similar furnaces in a new production and storage facility.
The confectionery is also considering an alternative project – the reconstruction of the existing production and the construction of a new workshop for the production of pastries with a total capacity of 40,000 tonnes per year.
According to the registry, the main positive social and economic parameters of this production are an increase in tax revenues to the budget, an increase in jobs by a third to 900, and the development of the region’s infrastructure.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiary of the factory is Polish citizen Robert Sekera.
There are no company’s financial statements for 2020, but in 2019 its revenue increased by 4.3% compared to 2018, to UAH 510.63 million, net profit by 1.7 times, to UAH 22.83 million, retained earnings by 28%, to UAH 109.34 million, and current liabilities decreased by 8.7%, to UAH 46.28 million.
According to the data on the confectionery factory’s website, it produces more 60 kinds of sugar, butter, aerated butter biscuits, wafers and cooked gingerbreads. The products are presented in branded stores and major retail chains in Ukraine.
Delicia exports its products to more than 20 countries of the world.

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VOLUME OF CONSTRUCTION PRODUCTS PRODUCED BY TYPE IN 2020 (MLN UAH)

Volume of construction products produced by type in 2020 (mln uah)

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STATE-OWNED UKREXIMBANK ISSUES UAH 1 BLN LOANS UNDER AFFORDABLE LOANS 5-7-9% PROGRAM

State-owned Ukreximbank (Kyiv) has issued UAH 1 billion in loans under the Affordable Loans 5-7-9% program since the start of the program, the bank’s press service said on Wednesday.

“Almost every second loan under the program is aimed at capital investments in expanding the existing business, as well as supporting promising start-ups,” the press service said, citing Head of department of medium business and municipalities Semen Puskai.

It is indicated that half of the total amount of funds under the program are anti-crisis loans at 0% to ensure financing of the working capital of enterprises.

The bank added that refinancing of previously received loans at a reduced interest rate is actively used to reduce the debt burden on business.

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ENWELL ENERGY RAISES DAILY HYDROCARBON PRODUCTION IN UKRAINE IN 2020

The British oil and gas company Enwell Energy plc (formerly Regal Petroleum) with assets in Ukraine in 2020 increased average daily hydrocarbon production by 6.5% compared to 2019, to 4,541 barrels of oil equivalent per day (boepd), the press service of Smart Energy said.

According to the company’s announced production and financial audited results for 2020, its net profit decreased by 3.8 times (by $ 9 million) compared to 2019, to $ 3.2 million, income – by 15.4% (by $ 8.6 million), to $ 47.3 million.

“During the reporting period, the company demonstrated strong financial performance despite the fact that the growth in gas production was offset by a significant decline in gas prices during the year,” the press release says.

The company also notes that despite gas prices, cash flow from operating activities in 2020 remained approximately at the same level as in the previous year – $ 23.8 million against $ 24.7 million.