Business news from Ukraine

Business news from Ukraine

UKRAINIAN STATE-RUN RAILWAY COMPANY IN TALKS WITH CANADA’S BOMBARDIER ABOUT SUPPLY OF LOCOMOTIVES

Ukrzaliznytsia, in addition to France’s Alstom and China’s CRRC, is negotiating the supply of electric locomotives with Canada’s Bombardier, Anton Sabolevsky, the director for strategic development and investment policy of the company, has said in an interview with the Magistral industry portal. “Now Ukrzaliznytsia is actively negotiating with potential partners. The main contenders are Alstom, CRRC, and Bombardier. The main advantage of these manufacturers is that they have ready-made models of locomotives for the 1,520 mm gauge, the rest require quite a long time for such models to be developed,” he said.
According to the expert, ultimately, the main selection criterion will be the total cost of an electric locomotive, taking into account its operation life, which includes the initial price of the locomotive, the cost of its maintenance, and the conditions of financing the project, as well as the volume of production localization in Ukraine.
He also said that Ukrzaliznytsia could purchase shunting locomotives from the Japanese company Toshiba.

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THE «HEADY WIND» MOTOFESTIVAL AND THE HORSE SHOW WILL TAKE PLACE NEAR KYIV

On July, 19-20 the «Kyivan Rus Park» invites bikers, motorcycle lovers and everybody who wants to have a great weekend to the Motofestival «Heady Wind».
The traditional biker`s entertainment, the performances of music bands, the demonstrative performances of the children`s motoclub will be waiting for the guests. And also the performances of the horse-trick theatre, merry games, competitions, dance flash mobs and Slavic round dances.
On July, 21 the show-program «The world of horses», dedicated to the acquaintance with horses of rare historical breeds gathered from all over the world in the Princely stable will take place. The guests will learn about the breeds’ origin, their features, will see the horse-trick performances. The horses can be approached, palmed, taken a photo with, ridden on a horseback and in a carriage. There are also the traditional Slavic amusements in the program.

Ancient Kyiv opens at 10:00. The entertainment program on July, 19 from 20:00 till 23:59, on July, 20 from 14:00 till 23:59, and on July, 21 from 14:00 till 19:00.
Entrance ticket price:
July, 19: a full ticket for men – 250 Uah. (the ticket is valid for 3 days: July, 19, 20 and 21), for girls – 100 Uah., for pensioners – 150 Uah., for school children – 60 Uah., preschool children – for free.
July, 20: ticket – 200 Uah., for girls on a motorcycle– 100 Uah., for pensioners and students– – 150 Uah., for school children – 60 Uah., preschool children – for free.
21 июля: for adults – 170 Uah., for pensioners and students– 150 Uah., for school children – 60 Uah., preschool children – for free.
Ancient Kyiv is not far from modern Kyiv –45-minutes away – in the village Kopachiv, Obukhiv district, Kyiv region.
Route taxis leave from Kyiv from the «Vydybitchi» metro station.
Details on the website www.parkkyivrus.com

The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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UKRAINIAN PHARMACEUTICAL COMPANY FARMAK RECEIVES TWO NEW GMP CERTIFICATES FOR POLISH MARKET

JSC Farmak pharmaceutical company (Kyiv) at the end of June 2019 received two new GMP (good manufacturing practice) certificates for two production sites and a new storage area commissioned at the beginning of the current year from the Polish regulatory authority, the press service of the company has said. According to the report, these sites have undergone planned recertification and confirmed their compliance with the EU’s GMP requirements.
The company passed state recertification conducted by the regulatory authorities of Ukraine and Poland in March of the current year. In particular, the company passed a GMP recertification by the State Service of Ukraine on Medicines and Drugs Control and a planned recertification of production sites, where products for the Polish market are manufactured, on the part of the Chief Pharmaceutical Inspectorate of Poland. According to the results of inspections, 19 production sites received national GMP certificates, and two more production and storage areas received European GMP certificates.
“This once again proves that the conditions in which Farmak products are manufactured comply with the European requirements. Today, all finished drug manufacturing facilities have national GMP certificates, 14 of them are certified by European regulatory authorities in Croatia and Poland. No one pharmaceutical company in Ukraine has such a level of European recognition,” Olha Oleksiychuk, the director for quality at Farmak, said.

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UKRAINIAN BUSINESSES EXPECT BETTER FOREX RATE AND SLOWDOWN OF INFLATION – SURVEY

Ukrainian businesses expect a slowdown in inflation and not so strong devaluation of the national currency, according to findings of a regular survey of business expectations, conducted by the National Bank of Ukraine in the second quarter of this year. “The average forex rate in 12 months is UAH 28.82 per U.S. dollar (the forecast given in Q1 was UAH 29.32 per U.S. dollar),” the NBU said in a document.
According to it, if in the first quarter of this year, respondents estimated inflation in the next 12 months at 9%, their forecast given in the second quarter is 7.7%.
The National Bank adds that Ukrainian companies have also improved their expectations for economic growth in Ukraine and the development of their own business, although the Business Expectations Index (BEI) for the next 12 months slid slightly to 117.8% from 119.7% a quarter earlier.
According to the survey, entrepreneurs began to better assess their current financial and economic situation – a positive response balance of 12.6% versus 8% in the first quarter. They expect to improve the situation thanks to the increase in production and sales, primarily for export. In this connection, companies plan to increase investment in equipment and more actively borrow funds.

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UKRAINIAN PRESIDENT HOPES FOR FRUITFUL COOPERATION WITH NEWLY-ELECTED EC PRESIDENT URSULA VON DER LEYEN

Ukrainian President Volodymyr Zelensky says he hopes for close and fruitful cooperation with new European Commission President Ursula von der Leyen. “My sincere congratulations to Ursula von der Leyen on her appointment as the first female President of the European Commission. I wish you every success and look forward to working with you in close cooperation to develop further strong Ukraine-EU relations,” he said on Twitter.
According to earlier reports, members of the European Parliament voted in support of Ursula von der Leyen’s candidacy for the post of European Commission president in Strasbourg on Tuesday.

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