Business news from Ukraine

Business news from Ukraine

UZBEKISTAN PROVIDES UKRAINIAN PHARMA COMPANIES WITH ANNUAL SALES OF UP TO $50 MLN

3 November , 2018  

Uzbekistan provides Ukrainian pharmaceutical companies operating in the country with annual sales of $49-50 million, Ambassador of Uzbekistan to Ukraine Alisher Abdualiyev has said. “We literally a month and a half ago met with the management of the Farmak enterprise. This enterprise occupies one of the leading positions of Ukrainian pharmaceutical exports to Uzbekistan. In addition, the major suppliers are Ukrainian companies Arterium, YURiA-PHARM and others. We provide them with annual sales at the level of $49-50 million,” he said in an interview with Interfax-Ukraine.
At the same time, Abdualiyev said that Ukrainian pharmaceutical products in Uzbekistan are exempted from VAT.
In addition, the ambassador recalled that in Uzbekistan in six regions of the republic, seven special pharmaceutical zones have been established that will enjoy benefits and preferences.
“A representative of Farmak has already visited Uzbekistan, looked at possible sites for the future enterprise. The other day we are to meet, discuss all issues and organize negotiations of the Farmak head in Uzbekistan,” he said.

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