Business news from Ukraine

ARCELORMITTAL SLIGHTLY REDUCES SALES IN UKRAINE DUE TO CORONAVIRUS

PJSC ArcelorMittal Kryvyi Rih, following the results of its activities in 2020, slightly reduced sales of products in Ukraine due to the coronavirus pandemic.
According to an interview of the director of the sales department in Ukraine and the CIS, Yevhen Chumachenko, published in the Metalurg corporate publication, according to preliminary estimates, last year the company on the domestic market slightly reduced sales to the indicators of the previous year as a result of the pandemic and a lockdown in the first half of the year.
“The purchasing activity of our clients in general and construction companies, in particular, during this period significantly decreased. The most significant decrease in the volume of purchases was made by small and medium-sized construction companies, in which the majority of workers are from other regions of the country. People left before the lockdown and then did not have the opportunity to return to objects. The demand began to recover only from June, in July-October it remained at a fairly high level. In November, the buying activity seasonally, as well as against the background of fears of a second lockdown in December, slightly decreased. However, if to look in general, then for the second half of the year we partially managed to make up for the losses of the first half of the year,” he said.
According to him, ArcelorMittal Kryvyi Rih managed to keep its market positions.

, ,

INCIDENCE OF CORONAVIRUS IN UKRAINE CONTINUES TO DECLINE

The incidence of coronavirus (COVID-19) in Ukraine continues to decline, and the number of hospitalizations is also decreasing, Health Minister Maksym Stepanov said during a press briefing in Kyiv on Tuesday.
“Last week, some 25,500 cases of COVID-19 incidence were detected, which is less than in the previous week (27,157 cases). If you look at the statistics, we see the situation is stabilized. For example, in the first week of December, some 89,000 cases were recorded. The number of hospitalized patients is also changing – in the first week of December there were about 28,000 people, and as of Monday 17,911 people in medical facilities,” he said.
According to the minister, the number of antigen tests is increasing. “During the week, some 144,248 PCR tests were done. The number of tests with rapid antigen tests is also growing, some 52,222 studies were conducted, which is 20,000 more than the previous week. Ukraine is provided with test systems,” he said.

, ,

UKRAINE PLANS TO VACCINATE AGAINST CORONAVIRUS UP TO HALF OF POPULATION

Ukraine intends to vaccinate up to half of the population against COVID-19 this year and early next year, President Volodymyr Zelensky has said.
“We now identify the next priority in the fight against coronavirus – vaccination. Its roadmap is designed to ensure proper and equal access to the vaccine for all residents of Ukraine. Its main task is to cover at least half of Ukraine’s population during 2021 and early 2022,” Zelensky said at the opening of the “Ukraine 30. Coronavirus: Challenges and Responses” Forum on Monday.
He said that vaccines against COVID-19 from four companies will be delivered to Ukraine.
“We have agreed to supply the vaccine from the Pfizer, Sinovac, AstraZeneca and Novavax companies to Ukraine. The first stage of vaccination will begin this month. Our doctors, the military and the National Guard will be the first to receive the vaccine,” Zelensky said.
In addition, the president said that Ukraine has taken the smart and effective steps to counter the pandemic.
“Ukraine has something to be proud of in terms of countering COVID-19… From the first day of fighting COVID-19, our actions were smart and effective,” the president added.
In particular, the President noted the effectiveness of tough quarantine.

, , ,

UKRAINIAN BIOPHARMA STARTS PRODUCTION OF POTENTIALLY EFFECTIVE DRUG AGAINST CORONAVIRUS

Biopharmaceutical company Biopharma (Kyiv) has started the production a hyperimmune globulin drug, potentially effective against coronavirus (COVID-19) disease, the drug is to be produced at the end of February.
The first fusion of plasma with antibodies against COVID-19 in the amount of 2,100 liters took place on January 25, the company said in a press release.
“The product will be supplied to the finished goods warehouse at the end of February. Further, the drug is tested in an independent French laboratory, which in March must confirm the antiviral activity of the drug,” the press release said.
The company said that in case of a positive conclusion of the European laboratory, Biopharma will be able to start clinical trials of the drugs in Ukraine.
The collection of plasma with antibodies against COVID-19 started in the spring of 2020 in cooperation with the CoVIg-19 Plasma Alliance, of which Biopharma is a member. The goal of the alliance is to accelerate the development and provide reliable and sustainable treatment for people with complex coronavirus disease.
In October 2020, within the framework of the alliance, the third phase of a clinical trial of inpatient treatment with anti-coronavirus immunoglobulin started.
The results of clinical trials are planned to be published in April 2021. If the trials are successful, the new treatment could provide hope for those suffering from serious health consequences from COVID-19.
“To date, thanks to caring donors in Ukraine, it has been possible to collect about 10,700 liters of plasma from those who have overcome COVID-19. This amount of plasma will save hundreds of lives of Ukrainians. We thank every donor who has shared his part of antibodies to help seriously ill patients. And we continue to appeal to those who are not indifferent, to become plasma donors for the creation of vital drugs,” President of the company Kostiantyn Yefymenko said.
As reported, the CoVIg-19 Plasma Alliance was formed in April 2020 to fight the COVID 19 pandemic and to help develop potential plasma therapy for people who are prone to serious complications from COVID 19.
Biopharma is a Ukrainian biotechnology company, the only plant in Eastern Europe that has modern technologies, has been producing and developing drugs from donor plasma for almost 50 years.
The company is focused on providing medicines to Ukraine and on a contract basis, supplies its products to more than 30 countries around the world. In the fall of 2019, Biopharma moved its production to a new research and production complex in Bila Tserkva.
The company is developing a network of its own plasma centers. The company’s investments in this area of activity amounted to more than $10 million.

, , ,

TOURISM INDUSTRY OF UKRAINE LOSES ABOUT UAH 60 BLN IN 2020

The tourism industry of Ukraine in 2020 saw about UAH 60 billion damage due to the coronavirus pandemic.
“The demand is lower today and the damage to the market has been significant. If in the world the losses of the tourism industry amounted to about $ 800 billion, then in Ukraine, according to our calculations, about UAH 60 billion. This is the damage that the industry saw in 2020,” the head of the State Agency of Tourism Development in Ukraine, Maryana Oleskiv, said during a press conference on assessing the impact of COVID-19 on the hotel industry in Ukraine.
At the same time, she clarified that the agency plans to publish the detailed results of the industry in 2020 in early February.
At the same time, there is still no detailed statistical data on the tourism market and its participants in Ukraine, Oleskiv said.
“For the state agency, this will be one of the priorities in the next [2021] year. In the budget that we have, which is UAH 100 million, we plan to use a significant share of funding to create a unified tourism register, where all accommodation facilities and tourist activity subjects can register and receive operational statistics at least monthly,” the expert said.

, , ,

WORLD BANK TO PROVIDE UKRAINE WITH UAH 2.5 BLN FOR PURCHASE OF VACCINE AGAINST CORONAVIRUS

The World Bank will provide Ukraine with about UAH 2.5 billion to purchase a vaccine against coronavirus (COVID-19) disease, Deputy Health Minister Svitlana Shatalova said at a press briefing in Kyiv on Thursday.
“Ukraine will receive funds for the purchase of vaccines against COVID-19. Such assistance is provided by the World Bank. About UAH 2.5 billion is planned to be allocated for the new Ukraine Emergency COVID-19 Response and Vaccination Project,” she said.
“Relevant negotiations are being held between the Board of Directors of the World Bank and the government of Ukraine since December 2020. As part of the preparation of the project, the implemented vaccination strategy will be taken into account,” Shatalova said.

, ,