Business news from Ukraine

Business news from Ukraine

FC SHAKHTAR KEEPS PLAYOFF HOPE FOR CHAMPIONS LEAGUE ALIVE BY BEATING GERMAN HOFFENHEIM

Donetsk’s Shakhtar squad beat German Hoffenheim away with 3: 2 score in the match of the fifth round of the Champions League group stage. On the 14th and 15th minutes, Brazilians Ismaily and Taison led the Ukrainian team ahead. Two minutes later, the Croatian striker Andrej Kramaric played one goal. And on the 40th minute, Steven Zuber equalized the score.
Shaktar will take on Lyon in the last round on December 12 to decide the second team from the group to go to the 1/8th final of the Champions League tournament.

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INDIA PRESENTS POSSIBILITIES OF SUPPORT FOR PHARMACEUTICALS PROMOTION – INDIAN AMBASSADOR TO UKRAINE

The Embassy of India in Kyiv in cooperation with the Pharmaceuticals Export Promotion Council of India (Pharmexcil) and the Indian Pharmaceutical Manufacturers Association (IPMA) will hold an annual business seminar in Ukraine to promote and demonstrate the potential of India in the pharmaceutical manufacturing sectors, Indian Ambassador to Ukraine Partha Satpathy has stated at a press conference at Interfax-Ukraine. “Pharmexcil is the Pharmaceuticals Export Promotion Council of India. The main task of this organization is to unite all important pharmaceutical manufacturers in India. The council cooperates with the government, represents the interests of manufacturers in exports, in particular brings pharmaceutical products in compliance with the requirements of the WHO and the importing country,” the ambassador said.
President of the Indian Pharmaceutical Manufacturers Association (IPMA) Dr. Menon, in turn, said that Pharmexcil plans to present several projects in Ukraine.
“Pharmexcil wants to find partners in Ukraine in the field of Ayurveda, clinical trials and create a joint venture for production of medicines,” he said.
The Indian ambassador noted that India is the third largest exporter of pharmaceutical products to Ukraine following Germany and France in terms of value, while Indian pharmaceutical companies supply high-quality products at a very good and competitive price.

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ONE OF THE LARGEST PRODUCERS OF BREAD IN UKRAINE OPENS EUR15 MLN PLANT NEAR KYIV

One of the largest producers of bread in Ukraine opens EUR15 mln plant near Kyiv
KYIV. Nov 27 (Interfax-Ukraine) – Khlibni Investytsii Holding LLC, one of the largest producers of bread and bakery goods in Ukraine, has opened the Chanta Mount plant for production of frozen bakery products in the village of Novi Petrivtsi near Kyiv. According to a report on the company’s website, at the initial stage the investment in the project amounted to EUR15 million, after putting into operation all the necessary capacities it will exceed EUR25 million.
“Even today Chanta can produce almost 30 tonnes of ciabatta, French baguettes and other artisan breads per day. After installing additional lines, the capacity will increase to 90 tonnes per day. Thus, Chanta Mount has become one of the largest companies of such specialization in Europe,” the report says.
“We plan to sell 50% of our products in Ukraine, and the rest to sell for exports. We have a very powerful R&D department, which will develop the most interesting recipes for customers,” company founder Yuriy Tryndiuk said.
The report says the main buyers of these types of semi-finished products are bakeries in supermarkets and trade centers, mini-bakeries, fuel filling stations, the HoReCa sector, and the service of food delivery to offices.
Khlibni Investytsii Holding assesses its share in the Ukrainian market of bakery products at 8%, ranks third among the largest bread companies. It produces about 132,000 tonnes of goods per year.

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UKRAINE’S STATE DEBT NARROWS IN USD

The aggregate state (direct) and state-guaranteed debt of Ukraine in October 2018 decreased by 0.46%, or by $0.34 billion, to $74.32 billion, according to the website of the Ministry of Finance. In the national currency the state debt fell by 0.93% or UAH 19.69 billion, to UAH 2.093 trillion.
Since the beginning of the year, the total state (direct) and state-guaranteed debt in U.S. dollar terms has decreased by 2.61%, or by $1.99 billion, in hryvnias – by 2.27%, or by UAH 48.6 billion.
The Finance Ministry said that the public debt in October decreased by 0.88%, to UAH 1.811 trillion (in U.S. dollars it decreased by 0.41% to $64.32 billion), while the external debt decreased by 1.02%, to UAH 1.06 trillion (in U.S. dollars decreased by 0.55%, to $37.65 billion).
Last month state-guaranteed debt fell by 1.28%, to UAH 281.65 billion (in U.S. dollars it decreased by 0.81% to $10 billion), including external debt by 1.35% to UAH 269.34 billion (in U.S. dollars decreased by 0.89%, to $9.56 billion).
The ministry also reported that the principal amount of public debt is denominated in U.S. dollars, 44.06%, another 30.18% in hryvnia, 16.21% in special drawing rights (SDR), and 8.39% in euros. In addition, less than 1% of government debt is denominated in Canadian dollars and yen.
The official hryvnia exchange rate, according to which the Ministry of Finance calculates the debt, in October improved to UAH 28.16/$1 from UAH 28.30/$, or by 0.47%, whereas by the end of 2017 it was UAH 28.07/$1.