Business news from Ukraine

INDIAN PHAMA PRODUCERS READY TO INTRODUCE QR CODING FOR MEDICINES – IPMA PRESIDENT

KYIV. October 27 (Interfax-Ukraine) – Indian pharmaceutical manufacturers are ready to introduce QR coding of medicine packages in Ukraine, as India applies this practice, President of the Indian Pharmaceutical Manufacturers’ Association (IPMA) Dr. Ramanan Menon has said.
“All medicines that are exported by India are to have QR code. This requirement has applied in India for a long period of time,” he told Interfax-Ukraine.
Dr. Menon said that QR coding technology allows tracking the entire chain of medicine movements to control each package. The tool for this control could be a mobile phone (smartphone), which using a special application reading QR codes can check the medicine in a pharmacy in the presence of a pharmacist.
“The introduction of this effective tool to combat flow of fake medicines will protect the interests of patients,” he said.
He said that pharmacies in Ukraine at present do not have devices for automated monitoring of medicines flow, which would have allowed supervising the flow of medicines and revealing fake medicines.

NEW CAR SEAT COVER PLANT BADER-AUNDE UKRAINE LAUNCHED IN LVIV REGION

KYIV. Oct 27 (Interfax-Ukraine) – New car seat cover plant Bader-Aunde was launched on Thursday in Lviv region (Kozhychi, Yavoriv district) during the International Economic Forum, the press service of Lviv Regional Administration has reported.
According to the report, the new plant is a joint project of German investors Bader GmbH, which has two leather car seat cover production sites in Lviv region (Kozhychi and Horodok), and Aunde Company.
“The Bader plant sews leather car seat covers at two production sites, and Aunde’s core business is textile car seat covers. The new plant is their joint project. Their symbiosis would allow producing combined car seat covers,” the press service said.
Investment in the plant has reached UAH 146 million.
“Our core business is sewing of car seats for AUDI brand. We plan to produce over 1,000 finished sets for one car a day. Over 3,500 employees are working in Bader, and here 800 jobs will be created. The total investment is EUR 10 million, and German equipment costs over EUR 2 million,” the press service said, citing Bader-Aunde Ukraine Andriy Pavlun.
He said that in the future the newly created project would expand the brands and produce seats for Daimler (Mercedes-Benz) and Skoda manufacturers.
Average wage at the enterprise will be UAH 8,000.

POROSHENKO DISCUSSES UKRAINE’S REFORMING WITH INVESTORS OF HORIZON CAPITAL, WESTERN NIS ENTERPRISE FUND

KYIV. Oct 27 (Interfax-Ukraine) – President Petro Poroshenko has met with investors of Horizon Capital and Western NIS Enterprise Fund.
“I am grateful to Horizon Capital and Western NIS Enterprise Fund investors for their faith in our country. We are carrying out reforms that make Ukraine stronger, more successful and more reliable,” he wrote on his Twitter on Thursday night.
The president told about the reforms in the country and its plans for the future. He said that in three past years, the country managed to stabilize the macro-financial situation and restore economic growth, purify the banking system, create the anticorruption institutions, reform the energy sector. In autumn, the parliament adopted the educational, judicial, pension and healthcare reforms, he added. The president is hopeful that by the end of the year, the parliament will have supported the initiative on privatization that will be held transparently and with a high level of trust.
“We are holding the reforms that make Ukraine stronger, more successful and reliable,” Poroshenko said.
Poroshenko said that Ukraine is a unique country and “now, it is the right time and place to invest.”
The investors of Horizon Capital represent government agencies, international financial institutions, pension funds, family bureaus and investors with a total capital exceeding $350 billion. The four funds managed by Horizon Capital invested in more than 140 companies and attracted $1.5 billion in these companies, creating more than 45,000 jobs in each region of Ukraine, the information says.
Western NIS Enterprise Fund was the first donor of the ProZorro electronic procurement system and funded the Ukrainian Leadership Academy, which currently educates around 200 students from all over Ukraine.
Deputy Head of the Presidential Administration Dmytro Shymkiv and Head of the Office of the National Investment Council under the President of Ukraine Yulia Kovaliv also attended the meeting.

GOVT APPROVES PROCEDURE FOR USING UAH 2 MLN FOR E-GOVERNANCE DEVELOPMENT BY AGRICULTURE MINISTRY

KYIV. Oct 25 (Interfax-Ukraine) – The Cabinet of Ministers of Ukraine has approved a procedure for using UAH 2 million announced in the national budget for the Agricultural Policy and Food Ministry of Ukraine for development of e-governance in the agroindustrial complex.
The decision was made at a government meeting on Wednesday.
The government appointed the ministry the key spending unit of the budget funds under the program.
Budget funds are allocated to introduce the e-document flow, in particular, the creation and introduction of local computer networks and purchase of computer and office equipment.
The government obliged the ministry to submit information about the results of the implementation of the budget program in a month.