Business news from Ukraine

FOREIGNERS WHO INVESTED OVER $100,000 WILL HAVE OPPORTUNITY TO APPLY FOR IMMIGRATION PERMIT IN UKRAINE

Foreigners and stateless persons who have invested over $100,000 in enterprises established by them in Ukraine will have the opportunity to apply for an immigration permit in Ukraine.
The relevant resolution was adopted by the Cabinet of Ministers at a meeting on Wednesday without discussion, an Interfax-Ukraine correspondent said.
According to the draft document posted on the government’s website, such investments must be confirmed by a certificate from the bank on the receipt of such an amount to the immigrant’s investment account and its use for foreign investment in the Ukrainian economy. Or a bank certificate on the transfer of such an amount to the current account of the enterprise from the personal foreign account of the immigrant.
In turn, the State Migration Service of Ukraine, in accordance with the document, checks in the bank before making a decision whether these investments have not been returned.
In addition, the government has included persons who have served in the Armed Forces for more than three years in the list of those who are subject to immigration quota and who are eligible to apply for Ukrainian citizenship.

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CORTEVA AGRISCIENCE IMPLEMENTS PROJECT FOR POLLINATION OF UKRAINIAN FIELDS WITH BUMBLEBEES

The international agricultural research company Corteva Agriscience has implemented a pilot project in Ukraine to pollinate parental lines of sunflower seeds using bumblebees on 29 hectares in Kyiv region, the company said in a press release on Tuesday.
“Pollination of the field with the help of bumblebees, compared to fields that were not additionally pollinated, contributed to an increase in yield by 70%. Compared to fields that were pollinated by bees, the yield of seeds ready for sale increases by 30%,” Field Operation Manager Andriy Kuzmenko said.
The company added that the use of bumblebees ensures the genetic purity of the seeds, since they work within a radius of 1 km, and bees of 3-4 km.
Corteva Agriscience is considering continuation of the project to treat 10-15% of fields where there is a high risk of cross-pollination, the press release said.
It is noted that the Dutch Koppert became the supplier of bumblebees to the fields of Corteva Agriscience, and supplied 150 hives with bumblebees to the company in 2020.
Corteva Agriscience was formerly the agricultural division of DowDuPont and became an independent, publicly traded company on June 1, 2019. The company provides growers around the world with the most complete portfolio in the industry, including a balanced and varied selection of seeds, crop protection products and digital solutions to maximize productivity and profitability.

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UKRAINIAN LEKHIM PLANS TO REGISTER CHINESE VACCINE AGAINST COVID-19

The Lekhim group of pharmaceutical companies (Kyiv) plans to register in Ukraine a vaccine against coronavirus (COVID-19) disease produced by the Chinese company Sinovac Biotech until February 5, after the vaccine is registered in Brazil, Chairman of the Supervisory Board of the Lekhim group of pharmaceutical companies Valeriy Pechayev said at a press conference held at Interfax-Ukraine on Wednesday.
“The company received confirmation from the Health Ministry that when registering a vaccine in Brazil, Ukraine will register the vaccine as well. From January 25, Brazil will start immunization with the Sinovac vaccine, they should register the vaccine by January 25. As soon as registration in Brazil is completed, we will submit documents to the State Expert Center. I think we will register the vaccine before February 1-5,” he said.
Pechayev said that Lekhim received from Sinovac a quota of 5 million doses of vaccines for sale in Ukraine in the first half of 2021, of which 1.913 million doses are planned to be purchased by the Health Ministry.
“Until February 15, Lekhim is receiving applications from enterprises for the supply of vaccines. Lekhim will check customers for compliance with the cool chain. The price for customers will be UAH 504 per one dose of vaccine. The profitability of the deal for Lekhim is 4-5%,” he said.
In turn, Director of the Department for Development of the Lekhim group of pharmaceutical companies Mykhailo Rensky said that it is difficult to talk about the timing of vaccine supply, since they are prescribed only for a contract with the Health Ministry.
According to Head of the National Technical Group of Experts on Immunoprophylaxis, pediatric immunologist Fedir Lapiy, as clinical studies in Brazil have shown, the effectiveness of the vaccine to prevent mortality was 100%.
Lapiy said that there is no generalized report on clinical trials for any of the COVID-19 vaccines. “After clinical studies, manufacturers take data from different countries and combine them. There is no such data from any manufacturer yet,” he said.
At the same time, Lapiy said that it is impossible to assess the effectiveness of the Russian vaccine against COVID-19, since it failed the third phase of clinical trials.
Sinovac Biotech is a Chinese vaccine producing company founded in Beijing in 2001 with a capacity of 300 to 500 million doses of six types of vaccines for humans and animals per year. Sinovac’s main products are vaccines against hepatitis A (prequalified by the WHO) and B, influenza, mumps, chickenpox, which are registered and approved for vaccination in 34 countries around the world.
The Lekhim group of pharmaceutical companies was founded in 1992. It includes three enterprises: PJSC Technolog (Uman) (at the final stage of obtaining WHO prequalification), JSC Lekhim-Kharkiv (Kharkiv) and the management company JSC Lekhim (Kyiv).
CoronaVac is an inactivated vaccine. It uses a traditional vaccine mechanism in which a non-living virus that cannot replicate in human cells is used to activate the immune system. Phase 3 trials of the Chinese vaccine have already taken place in Brazil and Indonesia. Tests are ongoing in Turkey and Chile.

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BORYSPIL AIRPORT CUTS PASSENGER TRAFFIC

Boryspil International Airport (Kyiv) in 2020 reduced passenger traffic by 66.2% compared to 2019, to 5.158 million people.
The press service of the airport told Interfax-Ukraine that 4.69 million people on international flights were serviced (a decrease by 66.9% compared with the last year), and 468,100 on domestic flights (57.3% less).
The number of arrival/departure flights serviced by the airport in 2020 amounted to 46,850 (57.7% down), including 38,376 international flights (60.6% down), and 8,470 domestic one (36% down).
The number of cargo handled by the airport in 2020 fell by 10%, to 37,790 tonnes, while in December 2020 the airport handled 4,273 tonnes of cargo.
In December 2020, Boryspil’s passenger traffic decreased by 69.3% compared to December 2019 and amounted to 323,700 passengers. At the same time, 286,500 people were serviced on international flights (70.6% less), 37,200 on domestic one (53.8% less).
The number of arrival and departure flights in December 2020 amounted to 3,575 (54.2% down), including 2,728 international flights (60.3% down) and 847 domestic flights (9.4% down).

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SKYUP LAUNCHES FLIGHTS FROM KYIV TO CZECH REPUBLIC

SkyUp Airlines (Kyiv) from April 25, 2021 launches flights on the route Kyiv-Brno (the Czech Republic)-Kyiv.
The press service of the company said the flights will be operated twice a week on Thursdays and Sundays.
The cost of tickets from Kyiv to Brno without luggage starts from UAH 1,016, from Brno to Kyiv from UAH 966.
As reported, the commission of the State Aviation Administration of Ukraine decided to recommend to the head of the service to grant SkyUp the right to operate the Kyiv-London (UK) route for regular flights for an unlimited period from January 4, 2021.

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ENERGOMASHSPETSSTAL INCREASES STEEL PRODUCTION IN 2020

PJSC Energomashspetsstal (Kramatorsk, Donetsk region), owned by Russia’s Atomenergomash (Rosatom state corporation), in 2020 increased steel production by 6.8% compared to the previous year, to 63,000 tonnes.
A source in the industry told Interfax-Ukraine that 3,000 tonnes of steel were produced in December.
As reported, Energomashspetsstal in 2019 reduced steel production by 4.8% compared to 2018, to 59,000 tonnes.
Energomashspetsstal is the largest Ukrainian manufacturer of special cast and forged products of individual and small-scale production for metallurgy, shipbuilding, energy (wind, steam, hydro, nuclear) and general mechanical engineering.

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