Business news from Ukraine

UKRAINE THRESHES 37 MLN TONNES OF GRAIN BY SEPT 18

Ukraine as of September 18 threshed 36.8 million tonnes of grain and leguminous crops from an area of 10.4 million hectares (70% of the forecast) with the yield of 3.52 tonnes per ha, Ukraine’s Ministry of Agrarian Policy and Food has said on its website. The harvest of early grains and leguminous crops amounted to 34.3 million tonnes from an area of 9.9 million hectares with a yield of 3.48 tonnes per hectare.
Some 2.2 million tonnes of maize was threshed from 402,000 hectares (9%) with the yield of 5.49 tonnes per hectare, some 84,000 tonnes of buckwheat was harvested from 66,000 hectares (61%) with a yield of 1.28 tonnes per hectare, and the total harvest of millet was 56,000 tonnes gathered from 36,000 hectares (68%) with a yield of 1.57 tonnes per hectare.
In addition, 4.7 million tonnes of sunflower seeds were harvested from 2.2 million hectares with a yield of 2.13 tonnes per hectare and 837,000 tonnes of soybean from 346,000 hectares with a yield of 2.42 tonnes per hectare.
Some 2.7 million tonnes of rapeseeds were threshed from 1 million hectares with a yield of 2.61 tonnes per hectare.
A total of 947,000 tonnes of sugar beets were dug from 20,000 ha (7%) with a yield of 46.7 tonners per ha.
Along with the harvesting the autumn sowing campaign is under way. So, the farmers sowed 1.1 million hectares with winter grain crops (16%), with a projected area of 7.2 million hectares. In addition, winter rapeseed was sown on 882,000 hectares (99%) with a projected area of 888,000 hectares.

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NEWLY CREATED BRIORSON MOTORS TO PRODUCE 500 AMBULANCE CARS BASED ON HYUNDAI MINIBUS

Briorson Motors has started production of ambulance vehicles in Ukraine on the basis of a Hyundai H350 minibus, according to a press release of the company. “By the end of this year it plans to produce 80 ambulances,” the company said.
“The main goal of our company is to create a quality product for providing medical assistance in any climatic zones and in off-road conditions. Our vehicles cope with their tasks both in urban conditions and on bad roads in remote rural areas,” Briorson Motors representative Vladyslav Kotliarenko said. According to him, the production plan for 2019 is 500 special vehicles.
The company told Interfax-Ukraine the production facilities of Briorson Motors are located in Cherkasy. According to the state register, Briorson Motors LLC with a charter capital of UAH 100 is registered in Kyiv in November 2017. Its core business is production of vehicles. The owner of the company is Kolares LLC (Kyiv), the ultimate beneficiary is Vadym Kotliarenko. Andriy Honcharenko has been its head since August 2018.

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UKRAINE COULD ATTRACT AT LEAST $15-20 BLN OF INVESTMENT USING ITS LAND BANK

Ukraine needs foreign direct investment (FDI) to provide stable growth, and one of the fastest instruments for attracting at least $15-20 billion could be the offer of state-owned agricultural land estimated at 10 million hectares, Managing Partner of ICU Investment Group Makar Paseniuk has stated. “Land reform would be a huge driver for the further development of our country, as it can be done quickly and it will quickly attract FDI,” he said at the Ukrainian Financial Forum organized by ICU in Odesa.
Paseniuk said that the total area of agricultural land in Ukraine is estimated at 20-25 million hectares, of which about 10 million hectares still belong to the state. According to him, the average rent rate is $140-150 per hectare a year, which, taking into account the conservative estimate of a 10% rate, entails the cost of land of $1,500-2,000 per hectare.
“Thus, the cost of all state farmland is $15-20 billion, which can be compared with the existing IMF program in the amount of $17.5 billion or more, which twice as much as the NBU’s net reserves of $6.8 billion,” the expert said.
He urged the state to actively offer large investment projects in other sectors.
“I cannot name an economically viable project in which a private investor can now invest $1 billion,” Paseniuk stated.

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FOREIGN PHARM COMPANIES READY TO PROVIDE UKRAINE WITH INSTRUMENTS FOR ACCESS TO INNOVATIVE MEDICINES

Foreign pharmaceutical companies are ready to provide Ukraine with instruments that will give access to innovative medicines without reducing the level of protection of intellectual property rights. “The companies that are members of the American Chamber of Commerce in Ukraine are ready to actively join this work and cooperate with all the interested parties to ensure effective solutions,” Vitaliy Gordienko, the co-chairman of the American Chamber of Commerce’s (AmCham) Healthcare Committee, said when presenting the issues of patients’ access to innovative medicines, which took place in Kyiv at the beginning of the week.
He stressed that non-compliance with patent law and a lack of intellectual property rights protection does not entail a reduction in prices for medicines.
At the same time, innovative pharmaceutical companies that are members of AmCham are ready to provide Ukraine with appropriate mechanisms to reduce prices and ensure equal access to medicines, in particular, confidential negotiation procedures, free goods, long-term contracts, direct contracts.
At the same time, Ukraine should create a regulatory framework for the application of a negotiation procedure, in particular, in the sphere of budget purchases.
Gordienko also drew attention to the importance of introducing the national list of essential medicines. However, according to the expert, the procedure of including drugs in the national list should not exclude the possibility of getting into it of innovative drugs that are used, in particular, at the secondary and tertiary levels of medical care.

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