The European pharmaceutical association Medicines for Europe, the Ministry of Health, and the Association of Ukrainian Pharmaceutical Manufacturers (AVLU) have signed a memorandum of partnership in the field of critical medicines. The memorandum was signed on the sidelines of the Ukraine Recovery Conference (URC2025) in Rome last week.
According to Adrian Van Den Goevaert, CEO of Medicines for Europe, Ukraine’s participation in the Critical Medicines Alliance and its experience in sharing responses, together with regulatory integration into EU systems based on alignment with EU technical and procedural rules, anti-corruption measures, the creation of an independent medicines agency in Ukraine, and mutual recognition of GMP certificates are becoming key priorities for EU-Ukraine pharmaceutical cooperation.
For his part, Anatoliy Reder, CEO of the pharmaceutical company Interchem (Odessa), noted that the memorandum will enable Ukrainian pharmaceutical companies to participate in the production of active pharmaceutical ingredients (APIs) for EU countries.
“The memorandum shows that Ukraine is highly developed in the field of pharmaceutical production and is ready to participate in supplying critical medicines to EU countries. We already have certain positions from the list of critical medicines and can very quickly ensure the production of the rest. We can produce APIs in the quantities required by the EU,” he said.
According to Reder, the production of APIs and drugs from the critical list will be convenient for both Ukraine and the EU.
“Ukraine has a highly developed and modern production control system. The requirements for the production of medicines in Ukraine are sometimes higher than in European countries, so we can ensure reliable supplies of high-quality products,” he said.
At the same time, Reder noted that in order to launch a project for the production of critical medicines, European manufacturers need support from European official bodies so that they can include Ukrainian production sites in their dossiers as additional sources of APIs.
Medicines for Europe, MEMORANDUM, Ministry of Health, PARTNERSHIP, PHARMACEUTICAL MANUFACTURERS
Kharkiv has signed a memorandum with the European developer Ten Brinke Group B.V., Mayor Igor Terekhov said on his Telegram channel.
“Every day we are working on the restoration of our city – we do not postpone what can be done now. And this strategy is clear to our partners. One of the important steps on this path is the signing of a memorandum of cooperation with Ten Brinke Group B.V., one of the most efficient European developers with over 120 years of experience,” Terekhov said.
According to him, this Dutch company is already helping Kharkiv for free.
“It has a unique experience in creating high-quality social housing that Kharkiv residents need and which perfectly matches our vision of the future. Albert ten Brinke, CEO and Chairman of the Board, also confirmed that we are on the right track. We are not just dreaming of rebuilding, but creating conditions for Kharkiv to have everything it needs for quick and high-quality reconstruction after the war,” Terekhov emphasized.
September 24, 2024, Kyiv – As part of the Access2Finance conference, after the panel discussion “Sources of Financing for Small and Medium-Sized Businesses (SMEs)”, an important event took place – the signing of a memorandum of cooperation between the Ukrainian Association of Fintech and Innovation Companies (UAFIC) and the Entrepreneurship Development Fund.
The memorandum was signed by Rostyslav Dyuk, Chairman of the Board of UAFIC, and Viktor Katrenych, Deputy Chairman of the Board of the Entrepreneurship Development Fund. The purpose of the agreement is to strengthen cooperation between the organizations to support regional economic development and strengthen the position of small and medium-sized enterprises (SMEs) in Ukraine.
The memorandum pays special attention to supporting veteran and women-owned businesses, which is one of the key aspects of social responsibility. The parties also intend to promote the implementation of the principles of sustainable development and ESG (environmental, social and governance criteria), which are important for ensuring sustainable economic growth and increasing the competitiveness of Ukrainian entrepreneurs.
The parties agreed on joint initiatives aimed at increasing SMEs’ access to finance, promoting regional economic activity, and introducing the latest technological solutions for business development.
“The signing of this memorandum is an important step for UAFIC towards expanding opportunities for small and medium-sized enterprises in Ukraine. It is important that as part of our cooperation we will focus on supporting veteran and women-owned businesses, which are the basis for creating a more inclusive and sustainable economy. In addition, the implementation of ESG principles will be a key aspect for increasing the competitiveness of Ukrainian enterprises,” said Rostyslav Dyuk, Chairman of the UAFIC Board.
“For the Fund, the top priority is to support Ukrainian business, especially in such difficult times. In addition, this is exactly the period when it is necessary to involve businesses in the implementation of ESG standards and further develop in this direction for the successful implementation of economic activities. That is why we are pleased to sign a memorandum with UAFIC to jointly support entrepreneurs in our country,” said Viktor Katrenych, Deputy Chairman of the Board of Ford Entrepreneurship Development.
The signing of this memorandum is an important step in strengthening Ukraine’s economy, improving the business climate and supporting entrepreneurship that meets the principles of sustainable development.
The memorandum was signed at the Access2Finance conference, which was supported by the USAID Project Investing for Business Sustainability.
COOPERATION, Entrepreneurship Development Fund, FINTECH, MEMORANDUM
DTEK CEO Maxim Timchenko and Honeywell President for Central and Eastern Europe Przemek Schuder signed a memorandum of strategic cooperation at the Ukraine Recovery Conference in Berlin.
“The companies have agreed to explore prospects for accelerated recovery and maximization of DTEK’s capacities damaged by Russian attacks on Ukraine’s energy infrastructure, implementation of energy storage systems and Honeywell’s advanced modular solutions for oil and gas processing,” DTEK’s website reports.
The companies will also cooperate in supporting DTEK’s overall long-term energy transition strategy by offering solutions to optimize and decarbonize energy production.
According to Timchenko, the expansion of cooperation with Honeywell will mark a new phase in Ukraine’s recovery process and strengthen its energy security and economic potential.
“Large-scale international partnerships are the foundation for Ukraine’s recovery, and today’s announcement is an example of how Ukraine needs actions, not words. Our energy system is under constant threat, and I am deeply grateful to Honeywell for its unwavering support in restoring and creating a new energy system,” DTEK CEO said in a release.
Schuder, for his part, noted that, according to its portfolio focused on three global megatrends, namely automation, energy transition and the future of aviation, Honeywell is an innovator in the introduction of technologies that accelerate the transition and automation of the energy sector.
“We are committed to supporting the industry’s urgent needs today, from resilience to optimization, and we are pleased to expand our cooperation with DTEK, which we highly value, to jointly find new ways to support Ukraine’s current and long-term energy needs,” he added.
DTEK said that its cooperation with Honeywell began in May 2021, when the companies launched Ukraine’s first Battery Energy Storage System (BESS) in Enerhodar, and now it will support DTEK in assessing Ukraine’s critical energy needs and provide recommendations on how to implement Honeywell’s BESS together with DTEK’s current systems.
Honeywell’s BESS includes a set of technologies for automating and managing the storage and delivery of energy to a microgrid or national grid. This is a critical solution for managing the distribution of electricity, including from renewable sources, DTEK explained.
During the Ukraine Recovery Conference in Berlin, Ukrhydroenergo and the international corporation AECOM signed a memorandum of cooperation in the implementation of projects aimed at restoring and reconstructing hydropower facilities.
According to the website of the operator of Ukrainian hydroelectric power plants and pumped storage plants on Tuesday, AECOM will act as a technical consultant for the restoration of Ukraine’s hydropower infrastructure.
“AECOM has many years of professional experience in the development, design and reconstruction of hydropower facilities and dams around the world. The signing of the Memorandum and our cooperation will be another important step in the restoration of the damaged Ukrainian energy infrastructure in general, and hydropower generation in particular,” said Ihor Syrota, CEO of Ukrhydroenergo, as quoted in the company’s statement.
According to him, the signing of the memorandum will also help create incentives and guarantees at the state level to attract investment and innovative technologies in the energy sector.
“We are proud to cooperate with Ukrhydroenergo, and we are strengthening our role in supporting the restoration of Ukraine’s critical infrastructure,” AECOM CEO Troy Rudd said, as quoted by the press service of Ukrhydroenergo.
AECOM, hydropower generation, MEMORANDUM, RESTORATION, UKRHYDROENERGO
NNEGC Energoatom and Korean Hyundai Engineering and Construction Co., Ltd. (HDEC) have signed a memorandum of cooperation on the design, construction and commissioning of new nuclear power units in Ukraine.
The relevant agreements were signed in Kyiv on Monday by Energoatom’s acting Chairman of the Board Petro Kotin and Executive Vice President and Chief Operating Officer of Hyundai Engineering and Construction Yong Choi in the presence of Ukraine’s Energy Minister Herman Galushchenko and Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to Ukraine Hyun Tae Kim.
At a briefing after the signing of the memorandum, the head of the Energy Ministry noted that this is the beginning of cooperation in the completion of new units and in general for the future, including joint work on new reactor models.
“But now we are talking about specific projects – those that we are currently implementing at the Khmelnytskyi NPP,” the minister added.
As Kotin noted at the briefing, South Korea has a very extensive nuclear industry and a great deal of expertise in it, so the issue of cooperation with Hyundai, which is a leader in this area, is very important for Energoatom.
He also noted that cooperation with this company has already begun, recalling that part of the equipment for KhNPP-5, for the purchase of which an agreement was signed with Westihghouse last year, was manufactured by Hyundai.
“Their support will be very important for us in the future, for the success of our nuclear projects. And we have a very big plan,” Kotin emphasized.
In its release following the meeting, the Ministry of Energy added that the document, in particular, provides for the assistance of Korean partners in the development of production facilities to localize equipment production in Ukraine.
Galushchenko also thanked the Republic of Korea for the assistance provided to the Ukrainian energy sector since the beginning of the full-scale war with Russia, in particular for 10 cargoes of humanitarian aid, including 20 backup power plants and mini-excavators.
At the same time, Hyun Tae Kim emphasized that the Korean side is outraged by the recent Russian attacks that have caused enormous damage to Ukraine’s energy infrastructure. According to him, the government of the Republic of Korea is working to help the Ukrainian energy sector, in particular Kharkiv. At the end of last year, 60 diesel generators were transferred to Ukraine, and another 200 are planned for this year. Korea will also increase support for the Ukrainian energy sector through international organizations.
Hyun Tae Kim noted that the signing of the memorandum between Energoatom and Hyundai will contribute to the development of Ukrainian-Korean cooperation in the nuclear industry, in particular, the exchange of experience in nuclear technologies.
The Ministry of Energy also added that the memorandum of cooperation between the companies was developed in accordance with the agreements set forth in the letter of intent signed during the World Nuclear Exhibition in Paris at the end of November 2023.
As reported, Ukraine has begun construction of KhNPP-5 infrastructure using the AR1000 technology of the American Westighouse. In addition, it is planned to build KhNPP-6 using this technology, as well as two units at the South Ukrainian NPP. In total, the parties agreed on 9 new units.
