JSC Farmak will meet its output target by the end of 2020, anticipates Farmak Executive Director Volodymyr Kostiuk.
“We do not expect to go into the red this year. We will have probably get what we planned by the end of the year,” he said to Interfax-Ukraine on the sidelines of the presentation of Ukraine’s first mobile pharmaceutical museum.
Kostiuk believes that the implementation of the target indicators will be achieved, in particular, due to increased exports.
“In particular, we managed to export to other countries a lot. The Ukrainian market has contracted,” he stated.
Kostiuk noted that during the quarantine nearly 400 employees worked remotely with their salary paid in full.
“At the height of the quarantine 400 employees worked remotely. Now there are slightly fewer of them, but we are gradually increasing this number due to the worsening epidemical situation and a growing number of COVID cases. All employees on remote work receive full salaries,” he said.
Kostiuk also said that with the beginning of the coronavirus pandemic, Farmak started producing antiseptic for the company’s needs.
“We developed it very quickly basing on WHO formula to meet our company needs. We do not produce it now,” he said.
Kostiuk also said Farmak continues clinical trials on the effectiveness of the company’s Amizon drug in treating COVID-19 infected patients.
Farmak is the leader of the Ukrainian pharmaceutical market with a 5.9% stake in monetary terms.
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.
Revenue of Ukraine’s national budget in October 2018 totaled UAH 72.6 billion, which is UAH 1.2 billion (1.8%) more than the target, while revenue in January-October 2018 reached UAH 747.3 million, and the revenue target was met only by 97.7% (UAH 17.5 billion less).
According to information on the website of the State Treasury Service of Ukraine, compared with October 2017 revenue last month grew by UAH 10.8 billion or 17.6%, while in January-October rose by 15.4% or UAH 99.9 billion.
Tax payments in January-October 2018 exceeded the January-October 2017 figure by 17%, reaching UAH 312.5 billion, and the target was met by 100.4%. Customs payments over the period grew by 13%, totaling UAH 275.6 billion.
In October alone, tax payments amounted to UAH 26.6 billion, which was 25% more than a year ago. The target was met by 97.1%. Customs payments last month reached UAH 35.5 billion, a rise of 23% year-over-year. The target was met by 111.9%.
In general, the State Fiscal Service met the target by 105% in October 2018. Payments grew by 23.9% year-over-year.
The State Treasury Service said that in January-October 2018 VAT was refunded in the amount of UAH 107.9 billion, which is 11% more than a year ago. In October alone, UAH 10.3 billion was refunded compared with UAH 12.46 billion in September 2018.
The revenue target of the general fund in January-October 2018 was met by 97.9%. Revenue totaled UAH 673.1 billion. In October 2018, the revenue target of the general fund was met by 104.8%. Revenue came to UAH 64 billion.
Revenue of local budgets in October 2018 grew by 10% year-over-year, to UAH 22.2 billion. The target was met by 114%.
Revenue from payment of single social security tax in October rose by 25.9% year-over-year, to UAH 19.9 billion.
