Business news from Ukraine

Business news from Ukraine

ECONOMY MINISTRY REGISTERS NOVOROZDILSKY INDUSTRIAL PARK IN LVIV REGION

KYIV. June 21 (Interfax-Ukraine) – Ukraine’s Economic Development and Trade Ministry has placed the Novorozdilsky industrial park (Novy Rozdil, Lviv region) to the register of industrial parks. The park is the 23rd park in the register.
The press service of the ministry reported that the park was placed on the register on June 15.
The industrial park will produce containers for consumer chemicals, energy effective and other materials, natural extracts and introduce environment friendly technologies.
A land parcel of the park of 46.4 ha is located 2.8 km far from downtown.
The park is created for the period of 50 years.
According to a posting on the ministry’s website, Kyivschyna industrial and technological park (Novi Petrivtsi, Kyiv region) is pending approval to be placed in the register under an initiative of the eponymous private joint-stock company. Its area is 150 ha. The park will process agricultural products, be involved in light industry, production of machinery and equipment. It will have logistics and servicing facilities.

TRUMP: “VERY, VERY GOOD DISCUSSIONS” WITH PRESIDENT POROSHENKO

WASHINGTON. June 21 (Interfax-Ukraine) – U.S. President Donald Trump has announced the results of talks with his Ukrainian counterpart Petro Poroshenko.
“We’ve had some very, very good discussions. It’s going to continue throughout the day. A lot of progress has been made, and it’s a great honor to have you, Mr. President,” Trump told Poroshenko before the press after a bilateral meeting in Washington, D.C., on Tuesday.
The White House, in turn, issued a statement on the results of the event, saying that the meeting covered the support of the peaceful settlement of the conflict in the east of Ukraine, as well as the agenda of President Poroshenko and his efforts to fight against corruption.

ATB FINISHES ACQUISITION OF KOPYLIV LOGISTICS PARK

KYIV. June 20 (Interfax-Ukraine) – ATB Group (Dnipro), developing the eponymous retail chain in Ukraine, has finalized a deal to buy the Kopyliv logistics park of A category located in Kopyliv, Kyiv region.
“The deal to buy the Kopyliv logistics park by ATB took place,” a source on the market told Interfax-Ukraine.
The source said that the park was sold to ATB Group by Belgium’s Ghelamco Group and will be used in logistics purposes of the ATB chain.
ATB has not yet provided comments to Interfax-Ukraine.
As reported, earlier Antimonopoly Committee of Ukraine permitted ATB-torhbud (Dnipro) to buy assets of Success Invest (Kyiv) in the form of a property complex.
The committee said that the facility is located in Kopyliv, Kyiv region.

OVER 100 PHARMACEUTICAL PRODUCTION SITES FROM INDIA CONFIRM COMPLIANCE WITH GMP IN UKRAINE

KYIV. June 20 (Interfax-Ukraine) – As of early June a total of 104 pharmaceutical industrial sites from India confirmed their compliance with Good Manufacturing Practice (GMP).
The Indian Pharmaceutical Manufacturers’ Association in Ukraine (IPMA) told Interfax-Ukraine, referring to the State Service for Medicines and Drugs Control, at present there are 72 conclusions effective in Ukraine and issued by the authority for applicants from India on the basis of certificates issued by the Pharmaceutical Inspection Convention and Pharmaceutical Inspection Co-operation Scheme (PIC/S).
In addition, some 32 certificates were issued by the State Service for Medicines and Drugs Control to the applicants from India after inspections at the production sites in India.
The authority’s experts are handling 18 more applications to receive the certificates. Work on nine applications to confirm compliance with GMP from Indian productions sites in in progress.
“The importance of Indian pharmaceutical production is admitted by the World Health Organization (WHO), as Indian generics allow considerably cut the cost of treatment,” WHO representative in India Henk Bekedam said.
The IPMA (the Indian Pharmaceutical Manufacturers’ Association) brings together Indian pharmaceutical manufacturing companies that meet high international standards, including US FDA (the United States), UK MHRA (Britain), MCC (South Africa), TGA (Australia), WHO GMP (WHO), GMP (Ukraine), which have representative offices in Ukraine.
The Pharmaceutical Inspection Convention and Pharmaceutical Inspection Co-operation Scheme has 44 members, including over 30 regulatory agencies of various countries.

COMPETITION AGENCY PERMITS CHINA’S MANWAH FURNITURE GROUP TO BUY 50% OF HOME GROUP WITH ASSETS IN UKRAINE

KYIV. June 20 (Interfax-Ukraine) – Ukraine’s Antimonopoly Committee has permitted Man Wah Group Limited (British Virgin Islands) to buy shares in Home Group Ltd (Cayman Islands), the subsidiary of famous European homeware producer, which also includes Morgan Furniture LLC furniture factory (Rivne region).
The committee said that the acquisition of the shares will grant over 50% of the votes in the management body of Home Group to Man Wah Group.
According to Man Wah Group, in November 2016 the group signed a memorandum of understanding and later the shareholder agreement with HG International and Home Group.
Under the agreement, HG International is obliged to transfer 75% of shares in most companies in Poland, Baltic countries and Ukraine to the subsidiary of Home Group before December 31, 2016.
In turn, Man Wah Group obliges to buy 50% of Home Group.
The strategic alliance of the groups would allow ManWah to receive access to industrial assets and the sales chain of Home Group in Europe.

UKRAINE’S AN-132D BUILT FOR SAUDI ARABIA SUCCESSFULLY DEBUTS AT PARIS AIR SHOW

KYIV. June 20 (Interfax-Ukraine) – The brand new An-132D transport aircraft built by Kyiv-based Antonov enterprise for Saudi Arabia as part of large-scale international cooperation has successfully debuted in the demonstration flight program at the 52nd International Paris Air Show in Le Bourget, France, on June 19.
The An-132D took part in the demonstration flights on the opening day of the event, impressing visitors with its capabilities, Ukrainian state-run concern Ukroboronprom’s press service said on Monday.
The world premiere of the brand new An-132D at Le Bourget 2017 was successful, the press service said, adding: “Thousands of those interested in the aircraft come to see [it at] the display lot where it rests between flights.”
The new plane is expected to participate in other demonstration flights at the air show also on June 21, it said.
The air show kicked off on June 19, it will last until June 25.
The An-132D multi-purpose plane with a carrying capacity of 9.2 tonnes is modification of the An-32 light transport aimed to replace the An-32 and the An-26 on the market.
Antonov is implementing the program under a contract signed in April 2015 with Saudi Arabia’s King Abdulaziz City for Science and Technology (KACST) and Taqnia Aeronautics Co. The plane is being built with participation of leading western manufacturers: Pratt & Whitney Canada, CMC Electronics (Canada), U.S. Honeywell, France’s Liebherr and Britain’s Dowty Propellers.
The assembly of the prototype showcased at the air show was finished at Antonov’s facilities in December 2016. In March 2016, the plane successfully carried out its maiden flight.