Business news from Ukraine

SYNEVO TRANSFERS COVID-19 DIAGNOSTIC EQUIPMENT TO PUBLIC HEALTH CENTER

Synevo, part of Sweden’s Medicover holding, has handed over the COVID-19 diagnostic equipment using PCR (Polymerase Chain Reaction) tests – the most reliable method for diagnosing this coronavirus disease, to the Public Health Center, Synevo Development Director Mykola Butenko said at a video press conference at Interfax-Ukraine on Tuesday.
The equipment made by Swiss Roche will allow increasing the speed and the number of COVID-19 tests and will significantly increase the accuracy of test results, removing human element from the process.
The analyzer’s capacities are 96 tests per hour. Different types of biomaterial (blood, saliva, cerebrospinal fluid and others) can be tested.
The equipment has already been delivered by Synevo to the virology reference laboratory of the Public Health Center in Kyiv, which will perform COVID-19 testing.
“In Ukraine, because of the high cost of equipment, this initial stage is usually tested manually by laboratory staff. This limits the speed and number of tests performed. Using the new analyzer will minimize the human factor. As a result, we will significantly increase the number of tests performed and eliminate the risk of human error,” Butenko said.
The use of new equipment will increase the safety of the laboratory staff, since the apparatus performs the process of RNA extraction from the biomaterial automatically, therefore, the laboratory staff will no longer have to contact samples of potentially infected biomaterial.
To launch the analyzer, representatives of Roche Diagnostics in Ukraine will be involved in the startup of the equipment, as well as in special training for employees of the Public Health Center’s laboratory how to use the equipment.
The PCR method directly detects DNA or virus RNA in the biomaterial, therefore this method is the most reliable in the world for the diagnosis of COVID-19.

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MONEY TRANSFERS TO UKRAINE EIGHT TIMES MORE THAN MONEY TRANSFERS ABROAD

The amount of money transfers to Ukraine using international payment systems in 2018 was eight times more than the sum of money sent from Ukraine.
According to a posting on the website of the National Bank of Ukraine (NBU), the share of transfers in money transfer systems to Ukraine was 17% from the United States, 13% from Israel, 9% from Russia, 8% from Italy, 7% from Poland, and 46% from other countries (221 countries).
In 2018, both residents and nonresidents used money transfer systems to transact the following transfers: $2.301 billion in equivalent to Ukraine (28.28% of total transfers); $294 million in equivalent abroad (3.61% of total transfers) and UAH 150.53 billion or $5.541 billion in equivalent within Ukraine (68.11% of the total value of transfers).
These data do not include information on transfers transacted by banks, card payment schemes and post offices.
Domestic transfers in money transfer systems over 2018 has increased by 24.3% year-over-year (in 2017 domestic transfers accounted for over UAH 120.5 billion or $4.456 billion in equivalent). Most of domestic transfers (92%) are transacted in systems established by nonbank institutions.

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UKRAINE TRANSFERS FARMLAND TO 72% OF MERGED TERRITORIAL COMMUNITIES

The Cabinet of Ministers of Ukraine as of October 1, 2018 transferred over 938,700 ha of state-owned farmland located outside settlements to 479 (or 72% of the total number) merged territorial communities, according to a posting on the website of Ukraine’s Agricultural Policy and Food Ministry. According to the report, at present, the transfer plan was completed in Zakarpattia, Ivano-Frankivsk, Kirovohrad and Cherkasy regions.
The ministry said that the government would compensate expenses on stocktaking.
“This is a quality transfer, as a result of which the communities receive properly registered land parcels with cadastral numbers, clear boundaries and ready to be taken into the balance sheet. For our part, we expect effective management of this resource by local governments. We will in particular, track the dynamics of rental rates,” First Deputy Minister of Agrarian Policy and Food Maksym Martyniuk said.
In general, until the end of 2018, it is planned to transfer agricultural land to another 183 merged territorial communities.

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VOLUME OF PRIVATE MONEY TRANSFERS TO UKRAINE 30% UP – NATIONAL BANK OF UKRAINE

The volume of private money transfers to Ukraine in January-May 2018 increased by 30% compared to the corresponding period of 2017, to $4.5 billion, Head of the Council of the National Bank of Ukraine (NBU) Bohdan Danylyshyn has said. “The volume of private money remittances to Ukraine grew to 8.4% of GDP in 2017 (according to the new NBU methodology). And it continues to grow rapidly this year (in January-May this figure was 30% higher than last year and reached $4. 5 billion),” he wrote on his Facebook page.
According to Danylyshyn, a new wave of labor migration from Ukraine is due to many factors, the most important of which are military aggression, a deep and long-term economic crisis, unemployment.
“The NBU inflation report for January 2018 said that the share of migrants in the population aged 15-70 is 8% … The scale of labor migration in Ukraine has become dangerously high for the future economic prosperity of the country,” he wrote. In his estimation, a strong external migration, including highly skilled workers, together with the population aging is a significant challenge for the state. “For example, the “brain drain,” in particular, means the loss of public resources invested in their education, the narrowing of industry, the deterioration of the business environment,” he said.

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