Page 66 - UKRRptAug19
P. 66
9.2.12 Other sector corporate news
The European Bank for Reconstruction and Development (EBRD) provides a €15mn loan to Ukraine’s leading pharmaceutical producer Farmak , the multinational lender said in a statement on July 10. The financing will boost research and development (R&D), which will help promote innovation, best industry practices and stimulate competition among domestic pharmaceutical manufacturers. Energy efficiency improvements including the introduction of an integrated automation and energy management system and the reconstruction of specialised equipment will make Farmak more competitive domestically and internationally, according to the EBRD.
66 UKRAINE Country Report August 2019 www.intellinews.com
