Biopharma pharmaceutical company (Kyiv) plans to invest $7 million in construction of new office and laboratory complex.
The company told Interfax-Ukraine that the complex will be built on the territory of its plant in Bila Tserkva (Kyiv region).
“Some of the facilities in the territory of the scientific and production complex [in Bila Tserkva] were sold to STADA Ukraine. We decided to build a new building. It will be a separate building from the building of the fractionator plant,” the company said.
In addition, the company said that Biopharma sent $500,000 to buy laboratory equipment for the diagnosis of COVID-19, test systems, artificial lung ventilators, and blood gas analyzers.
Biopharma is a Ukrainian biotechnology company, the only plant in Eastern Europe that has modern technology, has been manufacturing and developing drugs from donated plasma for almost 50 years.
On the night of June 16, the Border Guard of the Republic of Poland (PBG) announced the resumption of vehicle traffic through the Medyka checkpoint,” the State Border Service of Ukraine has said. “On the same night, the State Border Service of Ukraine provided the possibility of passenger and truck vehicles to pass through the Shehyni checkpoint, opposite the Polish Medyka checkpoint,” the service said in a statement.
As of Tuesday morning, four checkpoints for motor service operate at the border with Poland, namely Krakovets-Korchova, Rava-Ruska-Hrebenne, Yahodyn-Dorohusk and Shehyni-Medyka.Pedestrian crossing is available only through the Shehyni-Medyka checkpoint, where from the beginning of June there has been an increase in passenger throughput and crowding in front of the Polish checkpoint due to durable control and sanitary measures.
“In this regard, the State Border Service initiates and provides the measures to expand opportunities and improve the conditions for citizens to cross the border with Poland,” the service said in the statement.
With the adoption at first reading a bill, the Verkhovna Rada set the minimum rental period for agricultural land under vineyards or for laying it at 25 years.
Bill No. 2064 on amending certain legislative acts of Ukraine concerning the promotion of viticulture in Ukraine was supported by 295 MPs.
In addition, the bill establishes the pre-emptive right to renegotiate the contract after the expiration of the previous period for a person who leases land for growing vineyards and who properly fulfills the terms of the contract.
It is envisaged that upon transfer of ownership with the early termination of the right to use the land plot under viticulture, the land user should be paid reimbursement of expenses incurred for laying and caring for perennial plantations, as well as for losses incurred. The amount of losses should be determined by an independent assessment.
According to an explanatory note to the document, in recent years 21,200 hectares of new plantings were grown on farms of all forms of ownership, and 34,100 hectares were uprooted.
The problems of the development of viticulture are also associated with the high capital intensity of creating a modern vineyard (investments per 1 ha are more than UAH 100,000) and the duration of its payback. The duration of the creation of a vineyard is four years or more. The period of intensive operation of an industrial vineyard is 20-25 years.
Ukraine’s Verkhovna Rada has adopted bill No. 2493on joint stock companies, which proposes to allow companies to choose a corporate governance model and, along with the current two-tier corporate governance system, introduces a single-level one.
An Interfax-Ukraine correspondent reported that the bill at first reading was supported by 270 MPs with the required 226 supportive votes.
“This law brings the legislation into line with the requirements of reality. The general meetings are being improved: it is envisaged that they can be held in electronic form. A corporate affairs adviser is being introduced to help shareholders. The legal status of the corporate secretary has been settled. Today he or she may be appointed by the supervisory board of the company, but his or her status is not regulated,” Head of the parliamentary committee on finance, tax and customs policy Danylo Hetmantsev said from the rostrum of the parliament.
At the same time, one of the main innovations of the bill is to strengthen the protection of minority shareholders, one of the authors of the bill, MP from the Servant of the People parliamentary faction Roksolana Pidlasa said.
“Today, the majority of the rights of the world’s shareholders appear only if the share of their stockholding reaches 10%,” she said.
According to the explanatory note to the bill, the bill also brings the rules on the representation of shareholders in accordance with EU law, in particular, Directive 2007/36/EC of the European Parliament and of the Council of July 11, 2007 on the exercise of certain rights of shareholders in listed companies, and also harmonizes legislation on mergers, acquisitions and divisions of JSC with Directive 2017/1132/EC.
National bank of Ukraine’s official rates as of 16/06/20
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of June 16
One troy ounce=31.10 grams
