Business news from Ukraine


Pharmaceutical company Farmak (Kyiv) will set up a representative office in Vietnam.
As the company said in the information disclosure system of the National Securities and Stock Market Commission, such a decision was made by its supervisory board on August 19 in order to carry out economic activities in Vietnam.
Farmak is the leader of the Ukrainian pharmaceutical market. The company’s product portfolio includes about 200 brands. Among the main directions are endocrinological, gastroenterological, cardiological, neurological, anti-cold and other drugs.
The company annually reinvests up to 90% of its profits in development. In total, more than $310 million have been invested in the modernization of production since 1995. Annual investments in research and development are approximately $15 million.
Over 2020, Farmak increased its net profit by 7.8% compared to 2019, to UAH 1.138 billion, and sales income reached UAH 7.5 billion.
The export share increased to 29.6% in total sales. Export deliveries increased by 40% over the year. The company exports its products to more than 25 countries around the world.

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An office of the World Trade Centers Association (WTCA) has been opened in Ukraine, WTC Kyiv President Valeriy Mescheriakov said at a press conference.
“Ukraine’s entry into the World Trade Centers Association indicates that the country’s investment, entrepreneurial and innovative potential today attracts foreign investors,” he said.
According to the President of WTC Kyiv, the opening of the WTCA office introduces Ukraine to the global business environment as an equal, full-fledged member.
“This powerful business community, uniting about 100 countries, has offices in 318 cities around the world. We see two main directions, promoting competitive products of our manufacturers to new markets and raising investments for domestic development projects,” Mescheriakov said.
Within two years, the headquarters of WTC Kyiv will be constructed in Kyiv.
The World Trade Center in Kyiv (WTC Kyiv) represents an international community that brings together entrepreneurs, industrialists, government agencies and local governments to give a new impetus to the Ukrainian economy for the competitive development of citizens and business initiatives. WTC Kyiv received the status of a WTCA member.
WTCA is an international ecosystem of global connectivity and integrated trading services, operating in nearly 100 countries. The association fosters trade and investment opportunities for commercial property developers, economic development agencies and international business.

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Apple has officially opened an office in Ukraine, Deputy Prime Minister, Minister of Digital Transformation Mykhailo Fedorov wrote on Telegram.
Now, according to him, the company will directly import equipment to Ukraine and control the stores of official dealers.
“This is important news. The opening of the Apple office will strengthen our image in the international arena and in the future will help attract new investments,” Fedorov said.
Also, from June 29, 2021, support for Apple users in Ukrainian became available.
“For more than a year now, our team has been communicating with both the European and American offices of the company. Together we plan to launch new Apple services for Ukrainian users,” Fedorov said.



The transnational German transport company Hapag-Lloyd has announced the opening of the company’s Ukrainian office in Odessa.
According to the company’s press release, among the advantages of Ukraine, Hapag-Lloyd notes the strategic geographical position, the attractiveness of the export market for mineral resources and agricultural production.
“Ukraine is an important importer of electronics, equipment and consumer goods, as well as the location of operations for some of the world’s largest multinational companies, which opens up great opportunities for sea carriers such as Hapag-Lloyd,” the Ukrainian office of the company said.
The new office will be located in Odessa. At the moment, it already employs more than 20 people.
“The economic growth of the country is convincing, and many Ukrainian shippers are already using the services of Hapag-Lloyd. Opening our new office in Ukraine, we pay tribute to the excellent business development and great opportunities that we see in this market,” the company’s management said.
Hapag-Lloyd was founded in 1970 and owns a fleet of 241 modern container ships with a total carrying capacity of 1.7 million tonnes. Hapag-Lloyd has a container capacity of approximately 2.8 million tonnes, including one of the largest and most modern refrigerated container fleets.

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The Kärcher German manufacturer of cleaning equipment plans to construct office complex and training center of the official representative office of the company in the village of Hatne (Kyiv region) by 2022.
“A 100% modern and environmentally friendly official representative office of Kärcher will be located in Kyiv region, near the village of Hatne. In addition to office premises, the largest in Ukraine Kärcher Center, an innovative training center Kärcher Academy and a service center for maintenance of equipment of a well-known manufacturer,” the press service of the company said.
The office center will be constructed using environmentally friendly technologies and equipped with reservoirs for accumulating rainwater, solar panels, and a car wash. Water purification systems will also be introduced for educational use.
The opening of the representative office in Hatne will create new jobs: the company predicts an annual increase in staff by 10% to 15%.
“I am sure that in five to six years we will use all the premises of the new office, and colleagues from the international Kärcher chain will visit Ukraine to exchange and study at Kärcher Academy,” the company said, citing Director General of Kärcher Ukraine Ivan Bechko.



The Ministry of Digital Transformation of Ukraine and Intelmax have signed documents for opening a representative office of Intelmax Management Consulting (Abu Dhabi, the UAE) in Ukraine and cooperation on creating a platform for intellectual property exchange.
“Intelmax Management Consulting plans to open a representative office in Ukraine. A memorandum was signed between the Ministry of Digital Development and Intelmax during the visit of the president of Ukraine to the United Arab Emirates,” Deputy Prime Minister, Minister of Digital Transformation of Ukraine Mykhailo Fedorov wrote on Facebook.
According to him, the document also provides for the introduction of blockchain technologies into government processes and services.
“Ukraine is moving forward, making a digital revolution in all government institutions. Therefore, the implementation of blockchain-based solutions is an important stage in development,” Intelmax said.
It notes that within the framework of cooperation, the parties will also consider the possibility of introducing a national Ukrainian stablecoin based on the Fantom blockchain with targeting and distribution of social and business benefits.
Intelmax IP Exchange is an online platform for the quick sale and purchase of intellectual property assets. The platform is based on the Fantom blockchain, which provides increased levels of security, efficiency and transparency.

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