Business news from Ukraine

Business news from Ukraine

INVESTMENTS IN CONSTRUCTION OF GRUPO BIMBO BAKERY IN UKRAINE AMOUNTS $30 MLN

Investments in the construction of a bakery of the international bakery holding company Grupo Bimbo in Kyiv region will amount to nearly $30 million, General Manager of Bimbo QSR Ukraine Ihor Mariash has said.
“Now, our enterprise is located in Dnipro, but we feel that Ukraine is developing and we do not have enough capacity. Therefore, our management has an initiative to build a new bakery in Kyiv region. This will create an opportunity to create 200-300 jobs. Total investment about $30 million is planned,” Mariash said during a roundtable entitled “Investment Law: Projects for First Billion” held on Friday.
According to him, it is planned to build lines for the production of buns, as well as tortilla and toast bread, which are currently not produced in Ukraine.
As Head of the International Relations and Communications Department of UkraineInvest Investment Promotion Office Olena Gitlianska said earlier, the investment company is helping a Mexican investor in finding a site for the construction of a plant in Fastiv.
According to the data of the unified public register of legal entities and private entrepreneurs, Bimbo QSR Ukraine was registered in 2000 by Dutch Bimbo QSR B. V in Dnipro with a charter capital of UAH 297 thousand.
According to the Grupo Bimbo website, it is represented in 33 countries, has 196 factories and a network of 3 million points of sale worldwide. The bakery holding produces about 13,000 names of products under more than 100 brands.

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FARMAK INCREASES CAPITAL INVESTMENTS BY 78% IN 2020

The pharmaceutical company Farmak increased capital investments by 78% in 2020 compared to 2019, to UAH 1.3 billion.
According to the company’s press release, the main investment projects last year are the launch of a new workshop for the production of sterile drugs and the start of construction of an R&D center, which will develop modern complex component drugs.
Farmak’s research and development expenditures in 2020 amounted to UAH 448 million.
In addition, the company’s funds were used to modernize and equip existing sites, bring production facilities in line with FDA (U.S. Food and Drug Administration) requirements, energy saving projects, develop a laboratory complex, and implement IT projects to automate business processes.
The company also said that in 2020 Farmak paid UAH 712.1 million in taxes, and the number of employees for the specified reporting period increased to 2,761 people.
Farmak is the leader of the Ukrainian pharmaceutical market, produces medicines in all 14 therapeutic groups. Annually, the company introduces to the market about 20 new complex component modern drugs. Currently, there are about 100 drugs in development. The company exports products to more than 25 countries around the world.
Over the past five years, Farmak’s investments in the scientific and technical complex, production equipment, and research activities amounted to UAH 3.4 billion.
JSC Farmak is a member of the Association of Manufacturers of Medications of Ukraine (AMMU).

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FOREIGN DIRECT INVESTMENTS IN THE ECONOMY OF UKRAINE FOR THE III QUARTER OF 2020 (OPERATIONS, $ MILLION)

FOREIGN DIRECT INVESTMENTS IN THE ECONOMY OF UKRAINE FOR THE III QUARTER OF 2020 (OPERATIONS, $ MILLION)

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FARMAK RAISES CAPITAL INVESTMENTS BY 78% IN 2020

The pharmaceutical company Farmak increased capital investments by 78% in 2020 compared to 2019, to UAH 1.3 billion.
According to the company’s press release, the main investment projects last year are the launch of a new workshop for the production of sterile drugs and the start of construction of an R&D center, which will develop modern complex component drugs.
Farmak’s research and development expenditures in 2020 amounted to UAH 448 million.
In addition, the company’s funds were used to modernize and equip existing sites, bring production facilities in line with FDA (U.S. Food and Drug Administration) requirements, energy saving projects, develop a laboratory complex, and implement IT projects to automate business processes.
The company also said that in 2020 Farmak paid UAH 712.1 million in taxes, and the number of employees for the specified reporting period increased to 2,761 people.
Farmak is the leader of the Ukrainian pharmaceutical market, produces medicines in all 14 therapeutic groups. Annually, the company introduces to the market about 20 new complex component modern drugs. Currently, there are about 100 drugs in development. The company exports products to more than 25 countries around the world.
Over the past five years, Farmak’s investments in the scientific and technical complex, production equipment, and research activities amounted to UAH 3.4 billion.
JSC Farmak is a member of the Association of Manufacturers of Medications of Ukraine (AMMU).

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IT COMPANIES FROM UKRAINE RECEIVE $571 MLN IN INVESTMENTS IN 2020

Ukrainian IT companies received $571 million in investments by the end of 2020, which is $27 million more than in 2019.
The relevant data was published in the annual study of investments in the Ukrainian IT sector DealBook of Ukraine: 2021 from the investment fund AVentures Capital.
Some 62% of the total amount was attracted by four global companies with Ukrainian roots – GitLab, Creatio, Restream and airSlate.
GitLab became the first multi-billion dollar company established in Ukraine. It was estimated at $6 billion.
According to the study, 2020 was a record year for financing at an early stage – in seed and A-rounds, it was possible to attract $161 million, most of which from international investors, and this is 3.5 times more than in 2019.
The fastest growing startup in 2020 is Reface.ai application, which lets one swap faces in videos. Since its launch in January, the application has been downloaded 70 million times.
The rating of companies with the highest international income includes Jooble, Genesis, Grammarly, airSlate, Creatio and others.

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INVESTMENTS IN INFRASTRUCTURE OF BUKOVEL SKI RESORT REACH $ 400 MLN

Investments in the infrastructure of the Bukovel ski resort in 2020 amounted to $ 15 million, and in general, since 2002, some $ 400 million has been invested in it, Bukovel co-owner Oleksandr Shevchenko has told Interfax-Ukraine.
“We managed to keep the attendance at the level of last year, despite the COVID crisis, primarily due to the wide and flexible offer,” Shevchenko said at the Ukraine.30 forum.
According to him, the average cost per tourist also did not change – about EUR150 per day, however, one can find a place for accommodation from UAH 50 per day, many people bought ski passes in advance: in summer they were on a special offer with a 50% discount.
Shevchenko says that thanks to Bukovel, more than 50,000 places of accommodation have been created, and more than 100,000 local residents are employed in the tourism industry.
He also announced readiness to join the reconstruction of the airport in Ivano-Frankivsk, which would improve the quality of the resort.
“We are ready to engage in the reconstruction with the forces available to us, invest our own funds in the terminal. Considering the state monopoly on the runway, we are ready to offer our participation in its restoration,” the Bukovel co-owner told the agency.
According to him, the renovation and completion of the runway would provide Ivano-Frankivsk with international air gates and increase the attractiveness of the region for foreign tourists.

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