The Farmak pharmaceutical company (Kyiv), thanks to the decision of Kyiv City Council to sell a land plot to the pharmaceutical company, plans to develop an R&D cluster project.
According to a press release on the company’s website, on February 11 this year, Kyiv City Council, by an absolute majority of votes, decided to sell the company the land on which the production facilities of Farmak plant have been located for 95 years.
The intended use of land defined by the document is the operation and maintenance of a complex of buildings and structures.
“Farmak expresses gratitude to the deputies for supporting the development of a virtuous and transparent business. Production facilities, research facilities, the laboratory and technical complex of the enterprise are internationally certified and meet the high requirements of European standards. Now, thanks to the positive decision of the city council, we will be able to implement another ambitious project – the creation of a pharmaceutical R&D cluster to build up scientific and technical potential,” executive director of the company Volodymyr Kostiuk said.
He recalled that over the past 25 years, Farmak has invested more than $ 300 million in the modernization of the enterprise.
Technical director of Farmak Andriy Goy, in turn, emphasized that the creation of the R&D cluster will be a step forward towards the development of biomedical research and development in Ukraine and an important step towards the transformation of Kyiv into the capital of the European level.
“The main capital of Kyiv should be precisely an intellectual product,” he said.
The company is confident that the emergence of an R&D cluster will contribute to an increase in revenues to the city budget from knowledge-intensive sectors of the economy.
Mubadala, the investment fund of the United Arab Emirates, has signed memorandums of understanding with 18 Ukrainian companies, in particular with EastOne represented by Rodion Kukhaev, Interpipe represented by Denys Morozov, UFuture represented by Mykola Tymoschuk, Unit.City represented by Kostiantyn Yevtushenko, Dragon Capital represented by Andriy Nosok, Fortior represented by Mykola Nesterenko and UMG represented by Andriy Horokhov.
“Mubadala has also signed a number of other memorandums of understanding with private companies that aim to explore investment opportunities in the private sector in Ukraine,” the investment fund said in a release.
According to its data, earlier Mubadala fund also signed memorandums of understanding with other Ukrainian companies, including TAS Group, BGV, Horizon, OdesaGaz, Epicenter, Oschadbank, Mais and Metinvest, which together with DTEK and UMG are part of the assets of SCM Group.
Adviser to the head of the President’s Office Tymofiy Mylovanov said that Mubadala expects to close the first investment by the end of 2021.
“The average ticket (investment amount) of Mubadala is $ 50-100 million,” he wrote on Facebook, pointing out that the estimated investment amount could thus reach $ 1.8 billion.
“The creation of a sovereign fund of Ukraine for joint investments with this and other funds of the UAE and other countries was discussed,” he added.
According to him, the Ministry of Agrarian Policy also signed a memorandum on the creation of a trading company and an agricultural hub.
“Meetings and consultations on specific agreements with other state funds of the UAE are underway,” Mylovanov said.
Ukraine has obtained permission from Turkey to operate a flight with passengers of SkyUp Airlines from Zanzibar to Antalya, after which it will fly to Kyiv, Minister of Infrastructure Vladyslav Krykliy said.
“I would like to inform you about the problem of the departure of the SkyUp aircraft from Zanzibar. We received the necessary permission from the Turkish side to fly to Antalya and further to Kyiv. We will return everyone soon,” he wrote on his Facebook page on Monday.
As reported with reference to SkyUp, flight PQ 6972 Zanzibar-Kyiv did not take off on February 13 due to technical reasons. Within a few hours, the plane was technically ready to fly, but to complete it, it was necessary to make changes to the route, take into account the rules regarding the working hours of the crews, and also obtain the necessary permits from the countries whose borders are crossed.
The airline said that from February 13 to 15, its representatives were in talks with the country’s aviation authorities to obtain permission to fly in their airspace. The State Aviation Administration of Ukraine also joined the negotiations to speed up the resolution of the issue.
According to the Ministry of Foreign Affairs of Ukraine, about 180 Ukrainian tourists were stuck in Zanzibar due to this incident.
Quotes of interbank currency market of Ukraine (UAH for €1, IN 04.01.2021-29.01.2021).
NBU
The deficit of Ukraine’s foreign trade in goods in 2020 decreased by 54.6% compared to 2019 and amounted to $4.878 billion (in 2019 some $10.746 billion), the State Statistics Service has reported.
In 2020, export of goods compared to 2019 decreased by 1.7% (by $847 million), amounting to $49.213 billion, import by 11% (by $6.692 billion), to $54.091 billion.
The coverage of imports by exports was 0.91 (in 2019 some 0.82).
The seasonally adjusted exports of goods in December 2020 compared to November increased by 3.3%, imports – by 3.7%. The seasonally adjusted foreign trade balance in December 2020 was negative and amounted to $499 million. In November 2020, it was also negative at $465 million.
The State Statistics Service specified that foreign trade operations were carried out with partners from 234 countries of the world.
Ukraine and the United Arab Emirates have signed memorandums and contracts worth $3 billion or more, the presidential press service said. “As part of the official visit of Ukrainian President Volodymyr Zelensky to the United Arab Emirates, the Ukrainian delegation signed a number of memorandums and contracts totaling $3 billion or more,” the press service said in the statement.
In particular, memorandums of understanding were signed between the State Property Fund of Ukraine and the Mubadala investment company. They are aimed at deepening cooperation in the development of promising investment projects and the participation of the Emirate side in the program of privatization of state-owned property in Ukraine.
“At all international meetings, I urge to invest in Ukraine. Our state has enormous potential: geopolitical position, natural resources, people of knowledge. Right now is the time to understand this potential and create a strong economy,” Zelensky said.
He said that attracting investment is the key to Ukraine’s economic growth. “The signing of a memorandum with the Mubadala investment company of the government of Abu Dhabi on intentions to invest in Ukraine is a very important step in opening the way for major investments in Ukraine from Western Asia,” Zelensky said.
In addition, the Ministry of Digital Transformation of Ukraine signed a memorandum with INTELMAX Management Consulting, which provides for cooperation on the creation of a platform for the exchange of intellectual property based on the Fantom blockchain, which will provide increased security and transparency. It is also planned to introduce blockchain technologies into government processes and services.
The sides also signed documents in the defense sector, discussing the possibility of constructing joint factories outside Ukraine.
As the President’s Office said, the possibility of opening a Ukrainian sovereign fund for joint investments is also being considered.
“Along with this, some 18 Ukrainian private companies, including Interpipe, Dragon Capital, DTEK, Unit City, EastOne, UMG, Ufuture, Fortior, signed memorandums with the Mubadala state investment fund,” the President’s Office said.
