Business news from Ukraine

Prime Minister of Ukraine: German business is ready to expand presence on Ukrainian market

Prime Minister Denis Shmygal discussed with Robert Gabek, Vice Chancellor, Minister of Economy and Climate Protection of Germany and representatives of German companies the necessary mechanisms to expand production and presence at the Ukrainian market.
“First of all, we are talking about the insurance of military risks for business, which will help to activate economic activity in Ukraine. We already have a pilot project with MIGA and the first projects with the American company DFC. We are working on finding a similar instrument with Germany, “- wrote Shmygal in his Telegram-channel.
Prime Minister stressed that Ukraine has potential in the areas of critical raw materials, processing and military-tech, which can bring many advantages and prospects for business.
“We also count on the support, the participation of Germany and German companies in the post-war reconstruction of our state,” summed up Shmygal.



The world’s leading event organizer, Global Pharmaceutical Leaders’ Club, invites you to participate in the International Conference “Ukrainian Pharmaceutical Market”, which will be held on May 24-25, 2022 in a hybrid format with an offline part in Kyiv.
You will find the most relevant programme for the industry developed via an in-depth market research of the target audience, a unique international approach and a mix of the most engaging formats, one-to-one meetings with regualtors and top managers from the leading pharmaceutical production and distribution companies and pharmacy chains, the chance to win an award in the competition for the Ukrainian Pharma Inspiration Awards and new promotion opportunities!
Conference in numbers:
– 150+ participants from regulatory authorities, leading international and local pharmaceutical production and distribution companies, pharmacy chains and service providers to the pharmaceutical sector.
– 60+ speakers from regulatory authorities, leading pharmaceutical production and distribution companies and pharmacy chains.
– 10+ sessions – the programme will include 10+ sessions on regulation, strategies, sales and marketing.
For detailed information and registration follow the link >>
Three major reasons to attend the international conference “Ukrainian Pharmaceutical Market”
1. International approach
The speakers of the conference, organized by the Global Pharmaceutical Leaders’ Club, will be not only representatives of the Ukrainian regulatory authorities, leading international and local pharmaceutical production and distribution companies, pharmacy chains, healthcare institutions and patient organisations but also international experts. The global experience gained by other countries will be especially useful given the numerous reforms carried out in the Ukrainian pharmaceutical market.
2. Audience insights and content
Global Pharmaceutical Leaders’ Club develops the programmes of its events in accordance with the needs of the target audience building industry understanding on the extensive market research.
3. Networking in a premium atmosphere
150+ representatives of regulatory authorities, pharmaceutical production and distribution companies and pharmacy chains will participate in the conference. The delegate conference package, in addition to the opportunity to attend programme sessions, includes access to coffee breaks, lunches and a cocktail reception in a 5* hotel atmosphere which will ensure a pleasant experience for all participants.
Key topics for discussion
• New Law on Pharmaceutical Drugs – how will we work in the new reality?
• The regulatory framework of the pharmaceutical market in Ukraine – integration of international approaches and move towards the EU market
• Plans on restructuring of the state authorities involved in the regulation and control of the pharmaceutical market
• Electronic prescription as a driving force of changes in the Ukrainian pharmaceutical market
• Health Technology Assessment: pharmaceutical drugs assessment procedure, criteria for assessing innovative and generic medicines, challenges
• Plans to introduce of a Positive Pharmaceutical Drug List and combine various essentials medicines lists
• Public procurement of medicines at the national and local levels: changes in approaches, financing and opportunities for development
• Reimbursement system: terms of programme implementation, funding, covered patient groups
• Pharmaceutical drugs registration and quality control in Ukraine: changes in approaches, simplified registration procedures, fast track registration procedures, opportunities for introducing recognition of GMP inspection results from countries with strict regulatory requirements, pharmacovigilance development, plans for introducing e-submissions
• Approaches to pricing in the Ukrainian pharmaceutical market
• Ensuring access to innovative drugs for the patients in Ukraine: implementing pilot projects to introduce managed access contracts
• Parallel import legalisation: plans to introduce legislative changes and market threats
• Protection of intellectual property rights for pharmaceutical drugs in Ukraine
• Pharmaceutical drugs sales in Ukraine: how to work in the situation when a few distributors and pharmacy chains have control over the significant market share
• E-commerce development: should we expect significant market changes?
• Pharmaceutical drugs promotion in a new reality: databases development, face-to-face vs virtual medical representatives’ visits and their competencies development, digital tools, ecosystems development, content materials development, legal aspects of promoting drugs in the digital environment
• Omnichannel marketing: how to improve the effectiveness of utilizing digital tools
• Plans to introduce a ban on pharmaceutical drugs TV advertising: is their implementation realistics and how pharmaceutical companies can prepare for possible changes
• M&A in the Ukrainian pharmaceutical market

With this invitation via Interfax Ukraine you are entitled to a 10% discount.
Simply quote your VIP code: INF10 REGISTRATION ONLINE >>
Global Pharmaceutical Leaders’ Club also invites pharmaceutical production and distribution companies and pharmacy chains to participate in the contest for the Ukrainian Pharma Inspiration Awards. Applications are accepted in 15 nominations until April 20, 2022. The winners will be announced at the International Conference “Ukrainian Pharmaceutical Market”. Details are here:
We look forward to seeing you in May, offline or online! If you have any questions or suggestions, do not hesitate to contact us.
If you have any enquiries or suggestions do not hesitate to contact Anna Kuzminskaya: +380 63 7673207,
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The Turkish state-owned Ziraat Bank (Ziraat Bankası) has discussed the possibility of entering the Ukrainian market by the bank with UkraineInvest, the Ukrainian government’s investment promotion office, UkraineInvest’s press service has reported.
“The UkraineInvest team met with representatives of Ziraat Bank of the Republic of Turkey, who are considering the possibility of the bank entering the Ukrainian market. During the meeting, the participants discussed the investment climate in Ukraine and further steps of organizational and advisory support from UkraineInvest for the investment intentions of Ziraat Bank,” the press service said.
Ziraat Bank is one of the largest banks in the Republic of Turkey, founded in 1863. The bank operates in 115 locations in 17 countries around the world. The main financial services of the bank are the issue of corporate and retail loans, foreign trade and investment financing, structured finance, international transfers and treasury operations.

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Schwarz Group is entering the Ukrainian market and will develop the Lidl food retail chain, the German edition Lebensmittel Zeitung reported, citing an internal letter from the company.
As follows from the internal letter from Schwarz, 47-year-old Adam Miszczyszyn will deal with Lidl’s entering Ukraine. The document on his appointment as Country Manager for Lidl in Ukraine was signed by Lidl CEO Gerd Chrzanowski and Procurement Director Tim Bork.
Schwarz Group, with 500,000 employees, is one of the world’s leading retail companies.
The company is headquartered in Neckarsulm, Germany. The main food retail brands are Lidl and Kaufland. The group also includes food production Schwarz Produktion and waste disposal, sorting and recycling company PreZero.
According to the official website of the company, it operates 12,900 stores in 33 countries, with revenues in 2020 of EUR125.3 billion, which is 9.6% higher than in 2019. Kaufland increased store sales by 7.5%, to EUR 25.5 billion, Lidl increased sales by 9.9%, to EUR96.3 billion, PreZero grew by 33.7% in 2020 and brought in about EUR 700 million from waste treatment.

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Some 13 participants of the nonbank market were removed in August of this year from the registers: two financial companies, seven insurers (one insurance company left the market voluntarily, six – forcibly), one pawnshop, two credit unions and one leasing company, according to the website of the regulator.
Some 153 non-life insurers (there were 160) and 17 life insurers, 286 pawnshops (there were 287), 301 credit unions (there were 303), 138 leasing companies (there were 137), 977 financial companies (was 973) and 61 insurance brokers are operating on the nonbank market now.
The NBU said that in general, in August, the number of participants in the nonbank financial market decreased from 1,938 (as of July 31) to 1,933 (as of August 31). The number of banks decreased from 73 to 72, since in August OJSC Settlement Center ceased its banking activities.
The regulator also said that in August, the NBU registered eight new players in the nonbank financial market: six financial companies and two leasing companies.
Some 37 payment systems created by residents and 14 international payment systems created by nonresidents operate on the payment market. In August, the registration of the Khazri international payment system, created by nonresidents, was canceled.
The National Bank received 604 requests from market participants for registration and licensing actions in August. The largest number of inquiries related to financial companies, pawnshops and lessors – 490. The number of inquiries from credit institutions (banks and credit unions) was 32, insurers – 82.
During the reporting period, the National Bank continued to apply enforcement measures to participants in the nonbank financial market. In particular, the regulator, on its own initiative, canceled all licenses for 45 institutions: 28 financial companies, one insurance company, 13 pawnshops and three leasing companies. Also in August, the NBU temporarily suspended the licenses of six insurance companies for violations committed by them.



The Polish oil concern Orlen has an actual plan to enter the Ukrainian market of oil products, Energy Minister of Ukraine Herman Haluschenko has said.
“They visited [Ukraine] recently. Unfortunately, I could not meet with them. But I know from my colleagues that they came up with a real plan to enter the Ukrainian market. This is great!” Haluschenko said in an exclusive interview with Interfax-Ukraine.
According to him, the concern is considering the possibility of buying out the networks and entering several segments, in particular, oil refining and petrochemicals.
At the same time, the minister suggested that in this process, some problems may arise, related, in particular, to the shortage of crude oil made in Ukraine.
“They [Orlen] also understand that oil in Ukraine is not a subject of production. We have to get it somewhere… At most, we can buy oil instead of oil products, but what is the point then? And will there be investments in Ukraine if nearby Mazeikiai oil refinery in Lithuania, part of Orlen, and several other refineries are located?” the minister said.
Regarding the state policy on the oil products market as a whole, in his opinion, it consists in the need to change the geography of imports and to carry out import substitution.
“Today, we have a huge percentage of imports – 80% and even more: Russia and Belarus. This is not a completely normal story. Therefore, it is very important to look at partners from other countries and at how much we ourselves can increase refining,” the head Ministry of Energy said.
At the same time, he said that to increase internal processing, it is important to avoid another problem – the transition from an external monopolist to an internal one, which could become the Kremenchuk refinery.
“In fact, our key one is Kremenchuk [Refinery]. By the way, they declare the possibility of increasing processing capacity at least twice. And this [the transition from one monopolist – Russia – to another] can also potentially become a problem,” Haluschenko said.
According to him, to avoid monopoly on the part of anyone, it is necessary to promote increased competition in the market, and the ministry is ready for any steps that will help investors enter the Ukrainian market as soon as possible.
“Where we do not have our own production, we must very carefully build a policy of balance sheets and ensure supplies from different directions. There must be diversification,” the minister said, expressing his conviction and adding that communications are underway with many companies in the oil and gas industry.
At the same time, he said that the creation of minimum reserves of petroleum products will make it possible to balance in the market in case of contingencies.

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