KYIV. Sept 21 (Interfax-Ukraine) – Arterium Corporation (Kyiv) has acquired Marifarm pharmaceutical company (Maribor, Slovenia) from Slovenian bank Nova KBM (NKBM), The Slovenia Times edition has reported.
The bank has not disclosed the amount of the transaction. According to unofficial information from Maribor’s local edition Vecer, it is estimated at EUR6.8 million.
Arterium and Marifarm intend to jointly explore new possibilities of development of pharmaceutical markets, exchange and apply experience and “know-how,” especially in the development and manufacture of pharmaceuticals.
Arterium Corporation was created in March 2005 on a parity basis by two pharmaceutical companies – Ukraine’s largest manufacturer of antibiotics JSC Kyivmedpreparat and Galychpharm (Lviv), the leader in production of plant-based drugs.
One of the key owners of the corporation is Finance and Credit Group (Kyiv) controlled by businessman Kostiantyn Zhevaho.
KHARKIV. Sept 21 (Interfax-Ukraine) – The United States Agency for International Development (USAID) will provide assistance in setting up and organizing the work of the Kharkiv regional center of administrative services, Acting Head of Kharkiv Regional State Administration Yulia Svetlychna has said.
“We expect organizational, consulting, methodological, as well as financial assistance for the organization of this process from our international partners. USAID has expressed the desire to help us with office equipment (computers and software). As for USAID assistance, we plan to raise about $400,000 to organize this administrative center,” she said at a press conference in Kharkiv.
She clarified the project does not foresee money allocation from the regional budget.
She said the center will provide about 400 administrative and social services.
The center is to open in April 2017.
KYIV. Sept 20 (Interfax-Ukraine) – Ukraine’s Cabinet of Ministers has endorsed the signing of an agreement with the government of China on handing over 50 ambulance vehicles to Ukraine’s Health Ministry.
A respective decision was taken by the government at its meeting on Wednesday, an Interfax-Ukraine correspondent reported.
“The Economic Development and Trade Minister has been authorized to sign [the agreement],” First Deputy Prime Minister and Economic Development and Trade Minister Stepan Kubiv announced at the meeting.
Under the agreement, Ukraine will be able to receive 50 specially equipped ambulance vehicles worth $3.7 million from China, he said.
KYIV. Sept 20 (Interfax-Ukraine) – The Cabinet of Ministers has distributed UAH 223.6 million for state targeted programs and state orders in the space sector.
According to resolution No. 598 of September 8, the government approved the order of using funds in 2016 provided in the national budget for the implementation of the National Targeted Scientific and Technical Space Program of Ukraine for 2013-2017 and the distribution of state budget funds for state programs in the space field.
In particular, the government allocated UAH 8.4 million for transfer of Earth observation space technologies into the real economy sector GEO-Ukraine, UAH 121.7 million for obtaining data from the space Earth observation system and the Sich geophysical monitoring, UAH 15.4 million for space activities in the interests of national security and defense (activities are carried out under the state defense order), UAH 32.25 million for studying Ionosat solar-terrestrial and seismic ionospheric ties, and UAH 17.34 million to ensure independent access to the space.
KYIV. Sept 20 (Interfax-Ukraine) – The Cabinet of Ministers has approved the strategy of modernization and development of the Pension Fund of Ukraine until 2020, which provides for the introduction by the end of 2016 of the possibility of servicing citizens in any office of the fund regardless of the place of residence.
“This strategic document foresees strategic directions in the development and modernization of the Pension Fund until 2020,” First Deputy Minister of Social Policy Olha Krentovska said.
Pension Fund Head Oleksiy Zarudny noted the strategy foresees the introduction in 2016 of the possibility of servicing citizens in any office of the fund regardless of the place of residence, while providing services to citizens will be provided at the community level.
It is planned to introduce electronic pension service and create a unified electronic database of pension cases.
Although Ukraine is trying hard to solve the problem of diversification of exports due to the loss of eastern markets and the Republic of Turkey may become the best partner in many respects, trade between Ukraine and Turkey is on the decline. The industrial community together with government agencies should strive to change the situation. This was discussed at a meeting of President of the Ukrainian League of Industrialists and Entrepreneurs, head of the Anti-Crisis Council of NGOs Anatoliy Kinakh and Commercial Counselor of the Embassy of Turkey in Ukraine Haidar Kocak.
Trade between Ukraine and Turkey in 2015 fell by a quarter and the first half of 2016 it slid by another 17%. This does not fit into the foreign strategy of both countries and needs to be fixed. What is more, the Turkish industry needs such commodities as steel and fertilizers, which are produced by Ukraine in sufficient quantities.
The Turkish side insists that the introduction of free trade regime between the countries can significantly improve the situation. Progress was achieved in that issue, but Ukraine has decided to review certain positions. “In the end, it has turned out that Ukraine would like to leave 80% of traditional Turkish exports outside the free trade agreement, but precisely these positions are of paramount importance to us,” the commercial counselor stressed.
Anatoliy Kinakh in turn said that the process of negotiations on free trade is always difficult because every country seeks to increase exports of value-added commodities and limit the supply of raw materials. All of them are trying to protect the domestic markets and support domestic producers.
“However, in view of the fact that Turkey is our very important trade partner, I believe that the approval of free trade is timely, and agreement of the positions must accelerate. That is why we are ready to arrange a joint roundtable meeting in October this year with Turkish producers, members of the Union of Industrialists and Entrepreneurs of Turkey and Ukraine that are ULIE members, representatives of ministries and departments to discuss all disputable issues,” Anatoliy Kinakh said.
Haidar Kocak informed the ULIE president that two Turkish companies in Ukraine were being inspected by Ukrainian law-enforcement agencies, which slowed their work and reduced efficiency.
The leader of the Ukrainian League of Industrialists and Entrepreneurs said that companies from neighboring states would have support from the ULIE and its employees in protecting the rights and interests of businesses.
The sides expressed confidence that the Ukrainian-Turkish economic and investment relations have every reason to continue sustainable development based on trust, mutual benefit and understanding.
