Business news from Ukraine

INSTITUTE FOR EDUCATION DEVELOPMENT OPENS IN UKRAINE

The Education and Science Ministry of Ukraine has announced the opening of the Ukrainian Institute for Education Development which will be in charge of the implementation of the New Ukrainian School Project. “The Ukrainian Institute for Education Development has opened. This agency will replace the Institute for Education Content Modernization to implement the New Ukrainian School Project and later all of the latter institution’s functions will be passed to it,” the ministry said.
Education and Science Minister Hanna Novosad noted that the Institute for Education Content Modernization was not always effective and successful during the implementation of the New Ukrainian School Project.
Vadym Karandiy has been appointed as Head of the new Ukrainian Institute for Education Development.
He headed that Ukrainian Center for Education Quality Assessment from 2015 until 2019, according to the ministry’s press service.
The ministry also said that the transformation of the old institution will be held until 2021.
The priority tasks of the Ukrainian Institute for Education Development will be coordination of the introduction of new education standards for students of the 3rd and 4th grades, assessment of quality of pre-school education with the help if the international tool ECERS, participation in the development of the national standards for secondary education and a typical secondary education program, support for professional development and growth of teachers, development of effective procedures for assessment of study books and piloting them during the selection of 4th grade students.

, , ,

EBRD WILL ISSUE EXTRA EUR 200 MLN FOR DEVELOPMENT OF RENEWABLE ENERGY IN UKRAINE

The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved the provision of additional financing in the amount of EUR 200 million for the development of renewable energy sources in Ukraine. The EBRD said it intends to issue new funds to finance private renewable energy projects under the current system of stimulating “green” tariffs. The planned replenishment will allow the bank to build on the success of USELF-III and maintain momentum in the transition from the existing mechanism of preferential tariffs to a support system based on competitive auctions.
The bank noted that the third program of financing renewable energy development approved in July 2018 in the amount of EUR 250 million (Ukraine Sustainable Energy Lending Facility, USELF-III) will be fully implemented by the end of 2019.
As reported, the EBRD under the USELF program has been supporting the development of renewable energy in Ukraine since 2009. The program is aimed at assisting the state in achieving by 2020 the share of “green” generation in the country’s total energy consumption at 11% (including a 6% share of large hydropower plants).

, ,

PRESIDENT OF UKRAINE CALLS ON INTERNATIONAL PARTNERS TO INVEST IN DEVELOPMENT OF SMALL SETTLEMENTS IN UKRAINE

President of Ukraine Volodymyr Zelensky calls on international partners to invest in the development of small towns in the country and emphasizes that the beginning of such a process has been launched in Mariupol.
“Our idea is to start the development from Mariupol. That is why the investment forum is taking place here, in eastern Ukraine. A city once liberated can become truly European,” the president said at a meeting with Vice President of the International Finance Corporation Georgina Baker, World Bank Country Director for Belarus, Moldova and Ukraine Satu Kahkonen and Regional Manager of the International Finance Corporation in Ukraine, Belarus and Moldova Jason Pellmar as part of the RE: THINK. Invest in Ukraine Forum in Mariupol, the presidential press service said.
He thanked the World Bank and the International Finance Corporation for their assistance with reform implementation. “You have seen how many bills have already been adopted. We are now starting to implement them,” the president said.
In addition, the head of state thanked the International Finance Corporation for the implementation of the transport project in Mariupol. He expressed hope that similar projects would appear in other cities of Ukraine.
Zelensky said he was ready to protect the investments and called for investing in the development of small settlements. “In particular, we need investments to build new schools, hospitals, roads and bridges,” the president said.

, , ,

UKRAINIAN SEA PORTS AUTHORITY, COFCO AGRI RESOURCES UKRAINE AGREE TO ATTRACT UAH 1.3 BLN IN DEVELOPMENT OF MARIUPOL PORT

State-owned enterprise (SOE) Ukrainian Sea Ports Authority, COFCO Agri Resources Ukraine (the agricultural exporter), SOE Mariupol Maritime Merchandise Port and STT LLC signed a memorandum of cooperation to develop the Mariupol port during the RE:think. Invest in Ukraine forum, held in Mariupol on Tuesday.
Ukrainian Sea Ports Authority Head Raivis Veckagans, Ukrainian Infrastructure Minister Vladyslav Krykliy, Director of Mariupol Maritime Merchandise Port Oleksandr Oliynyk, COFCO Agri Resources Ukraine Director General Volodymyr Osadchuk and STT Head Volodymyr Sudeiko signed the document.
“The memorandum provides for the implementation of an infrastructure project in the port of Mariupol, which will ensure the attraction of a total of more than UAH 1.3 billion of investment in infrastructure development and increase cargo traffic by 2.3 million tonnes,” Krykliy said.
According to him, within the framework of this document, reconstruction of two berths, construction of the second stage of the grain terminal and the creation of a single transshipment complex of food and liquid food cargoes are also planned.
Veckagans said told Interfax-Ukraine that, in particular, within the framework of cooperation, an increase in the cargo flow of the Mariupol port in grain, meal and oil to 1.2 million tonnes is expected.
“Today, we see an increase in the agro-industrial business [in ports], which was smaller before and this leads to a better result. Business, for its part, and our customers are targeted for prospects and we must support this,” he said.

, ,

DARNITSA PHARMACEUTICAL COMPANY INVESTS EUR 3.5 MLN IN DEVELOPMENT AND RESEARCH

Darnitsa pharmaceutical company in 2018 invested about EUR3.5 million in development and research (R&D), Dmytro Shymkiv, the head of the board of directors of Darnitsa Group, has said.
“Every year we invest about 10% of gross income in development and research. In 2018 the amount of such investments totaled EUR 3.5 million. In total, Darnitsa invested about EUR 200 million in development,” he said at a press conference in Kyiv.
Shymkiv said that in 2020-2022 Darnitsa plans to conduct 9-12 drug bioequivalence studies.
Since 2016, the company has completed eight such studies.
According to him, the development strategy of Darnitsa provides for three priority areas of the product portfolio: cardiology, neurological drugs, and pain therapy.
In 2019, the pharmaceutical company plans to bring 11 brands to the market, in 2020 some 14. In 2018, Darnitsa brought ten brands to the market.
Currently, the company’s product portfolio comprises 250 types of finished medicines.
Darnitsa pharmaceutical company is one of the ten largest pharmaceutical manufacturers in Ukraine and the top ten largest hospital suppliers. Its ultimate beneficiary is Hlib Zahoriy.

, , ,

UKRBUD DEVELOPMENT CHANGES OWNERS

Ukrbud Development LLC, part of the Ukrbud state-owned construction corporation (Kyiv), has changed the list of founders in the unified public register of legal entities and private entrepreneurs.
According to the register, as of October 7, 2019, the owners of Ukrbud Development LLC are Yevhen Dikin and Vasyl Poliovy with equal shares of 50% in the charter capital.
Oleh Maiboroda remained the head of the enterprise.
According to the public register, Poliovy is a co-owner of Khmilnytsia Zernotrade LLC, which is engaged in providing warehouse services and servicing the Serpen Garden Society cooperative, which main activity is the complex maintenance of facilities.
At the same time, according to the public register, Dikin holds the position of the head of Building Group Plus LLC, specializing in the wholesale trade of timber, construction materials and sanitary equipment.
As reported, former MP Maksym Mykytas has left construction business and is no longer the owner of Ukrbud Development LLC, Maiboroda said in September. He said that the managers of the company would not change, while management will be carried out by the board of directors.
Ukrbud Development LLC was established in 2004 and is engaged in the development and support of Ukrbud state-owned corporation projects.

, ,