The Indian pharmaceutical market in Ukraine could grow by 2% in 2019, President of the Indian Pharmaceutical Manufacturers’ Association (IPMA) Dr. Menon has said at a press conference at Interfax-Ukraine. “Indian pharmaceutical products consistently rank third among importing countries in Ukraine. We are optimistic about 2019 and we expect the market of Indian pharmaceutical products to grow in Ukraine,” he said.
Indian Ambassador to Ukraine Partha Satpathy, in turn, notes that India can meet the needs of Ukraine in inexpensive and high-quality medicines.
“Indian pharmaceutical products account for only 5% of the total pharmaceutical consumption in Ukraine. This is a large amount – more than $150 million, but in today’s conditions Ukraine needs effective medicines that will not be very expensive. This is where Indian pharmaceutical manufacturers will help, whose medicines cost one-sixth, one-tenth of the western analogues. All medicines are certified by the WHO,” he said.
The ambassador also noted that India ranks first in terms of the number of GMP certified products, therefore the Indian pharmaceutical market in Ukraine should grow.
Ukraine and Moldova plan to bring mutual trade to $1 billion in 2018. This was discussed during a meeting of the heads of government of Ukraine and Moldova, Volodymyr Groysman and Pavel Filip, in Kyiv on Saturday, the press service of the Ukrainian government said.
“I’d like to note the positive trends in our mutual trade. According to the results of the first half of the year, we have increased our trade by 40% – up to about $500 million. We can reach $1 billion by the end of the year,” said Groysman.
The premiers also noted that the planned joint activities between Ukraine and Moldova are being carried out. So, joint control has been introduced at the international check point Kuchurgan – Pervomaisk, two more control points are being prepared for this procedure. The issue of drivers’ stay on the territory of Ukraine and Moldova has been settled.
We plan in the near future to start construction of a new bridge across the Dniester and further implementation of the project is to merge the power systems of the two countries with the European ENTSO-E system.
Ukraine since the beginning of the 2018/2019 marketing year (MY, July-June) and as of November 21 had exported 16.58 million tonnes of grain, which is almost 4.9% more than on the same date of the previous MY.
According to the Ministry of Agrarian Policy and Food, the country exported 8.8 million tonnes of wheat, 3 million tonnes of barley, and 4.4 million tonnes of corn.
In addition, 82,500 tonnes of flour had been exported on that date.
As reported, with reference to the ministry, Ukraine exported 39.4 million tonnes of grain in the 2017/2018 MY. Grain exports in the 2018/2019 MY are projected to be 42.5 million tonnes.
Singapore’s Agrocorp has opened its office in Ukraine, according to information from the public register of companies and individual entrepreneurs. The Ukrainian subsidiary was registered on October 17, 2018. The owner of the company is Agrocorp International PTE Ltd. (Singapore). The director of the newly created company is Yuriy Klympush. The charter capital is UAH 698,200.
According to information on the website, Agrocorp International was founded in 1990. Its core business is trade with crops, in particular, wheat, rice, oilseeds, sugar, cotton and nuts, and their processing.
The company has 22 representative offices in 22 countries and trades in over 30 countries.
Agrocorp started its processing business in 2012 in Canada, currently has eight plants in four countries, with a total capacity of 700,000 tonnes.
Ukraine’s Economic Development and Trade Ministry on November 7 placed the Energy industrial park (Mykolaiv) and the Innovation Forpost industrial park (Dnipro) with areas of 36 ha and 49.5 ha respectively to the register of industrial parks.
According to the information posted on the ministry’s website last week, the initiators of the creation of the parks were the Mykolaiv and Dnipro city councils, respectively.
The stated period of operation of the Energy park is 30 years. According to preliminary calculations of the initiator, 1,800 jobs will be created on its territory. The priority types of economic activity are the production of food and beverages, rubber and plastic products, building materials, glass, chemical products, finished metal products, machinery and equipment, as well as research and development activities in the field of information and telecommunications.
According to the ministry, the Innovation Forpost park was established for 45 years and provides for the production of electrical machines, electrical equipment, metallurgical production, production of non-metallic mineral products, as well as the provision of computer services. On the territory of the industrial park, according to the Dnipro City Council, up to 600 new jobs could be created.
The ministry said that 35 parks are already placed to the register of industrial parks, 17 of which selected management companies, and five have already attracted members. According to the ministry, another 14 industrial parks are not registered.
