Business news from Ukraine

PHARMACY SALES IN UKRAINE 32% UP IN JAN-AUG – BUSINESS CREDIT COMPANY

Pharmacy sales in Ukraine in monetary terms in January-August 2018 increased by 32% compared to the same period in 2017, to UAH 55.233 billion. Business Credit company told Interfax-Ukraine sales in natural terms for the specified period rose by 2%, to 1.005 million packages, while the weighted average price increased by 29%, to UAH 55 per unit of goods.
According to the company, retail sales of medicines in January-August in monetary terms grew by 34%, to UAH 45.42 billion, in natural terms by 13%, to 679.897 million packages.
As reported, in the first half of 2018 pharmacy sales in Ukraine in monetary terms were up by 36% compared to the same period in 2017 and amounted to UAH 43.011 billion, while sales in natural terms by 5%, to 780.737 million packs.
Retail sales of drugs in the first half of the year in money terms increased by 38%, to UAH 35.454 billion, in natural terms by 16%, to 530.846 million packs.

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BUSINESS CONFIDENCE INDICATOR IN UKRAINIAN CONSTRUCTION MARKET IMPROVES

The business confidence indicator in the construction market of Ukraine in the third quarter of 2018 improved by 2.8 percentage points (p.p.) compared to the second quarter, but remained negative at minus 18.7%. According to the survey of construction companies by the State Statistics Service, the assessment of a shortage of the current volume of orders reduced by 5 percentage points, to minus 40%, which corresponds to the situation in the first quarter of 2018.
According to the results of the survey, 42% of companies rated their current order volume as insufficient, 55% as normal for the season and only 2% as exceeding the norm.
Some 39% of respondents expect an increase in prices for their services in the third quarter of this year, which is 6 p.p. less than in the second quarter, while 2% of the companies surveyed predict a decrease in the cost of construction work, and 58% do not expect any changes in the price policy.
According to the service, companies participating in the survey are provided with orders for an average of five months, which corresponds to the indicators of the first and second quarters of this year.
The service said in the third quarter unfavorable weather conditions will not affect the work of construction companies, but 45% of respondents will continue to experience financial constraints. In addition, 27% of companies will be constrained by an insufficient demand, 19% by a shortage of labor.
Some 13% of the companies surveyed expect a reduction in the number of their employees in July-September 2018, while 22% predict an increase in the number of employees.

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SD CAPITAL (TIS PORT) WANTS TO GO BEYOND PORT BUSINESS

SD Capital investment company, founded by the co-owner and Director General of the TIS port (a stevedoring company operating at the Yuzhny port) Andriy Stavnitser and TIS manager Filip Hrushko, is ready to invest in some projects not in the field of port business. “We are ready to invest not only in the port business. This vehicle, in Russian – a tool for investment, was created by Hrushko and me a little more than a year ago. There are about 15 projects in the pipeline today, but this does not mean that they will all be implemented: three or four may be left, and maybe even one. Let’s see,” Stavnitser said in an interview with Interfax-Ukraine.
According to him, the projects can be very different: the automotive industry, agriculture and natural resources.
“I would probably be happy if we made five of these projects in the next 18 months,” Stavnitser said.
Speaking about the fields of projects, he said that 70% of these projects concern food security and processing.
“This is the production of meat, dairy products, vegetables and fruits, berries, honey – simply everything is there! I think the world of those people who banned the export of sunflower seeds many years ago. Thus, the industry of oil refinery appeared,” the head of the TIS port said.
He also said that SD Capital is ready to act as a private equity investor, to buy and develop assets.
“We rely on our money, money of our friends and family, our old business partners who can also co-invest. And, of course, we want to see strategists here. The more strategists are in this country, the less space remains for corruption and more space for good lobbying and support of the best Western practices,” Stavnitser said.
Among other things, talking about the employees of SD Capital, he said that today 15 people are working.
“It’s normal. There should not be a lot of people. We have a good team. The average age is about 25 years old: all young, funny and interesting. An American girl recently joined us, who fell in love with the Ukrainian IT specialist and she moved here. She has a lot of experience. We have a lot to learn from her, because here all the experts are still homegrown, and there the traditions are completely different,” Stavnitser said.

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