2017-07-24T14:27:00+03:00 Politics 2024-09-15T12:21:30+03:00

Ukrainian news

Donetsk Governor Zhebrivskyi Declares UAH 1 Million Of Financial Aid From Farmak

Donetsk Governor Zhebrivskyi Declares UAH 1 Million Of Financial Aid From Farmak

Chairperson of Donetsk Military-Civil Administration Pavlo Zhebrivskyi declared UAH 1,050,000 in financial aid received from the Farmak pharmaceutical company, a large producer of medical drugs (Kyiv).

This is said in a statement on vital alterations for 2017 in the State Register of Declarations of Persons Authorized to Perform Functions of the State or Local Self-Government, Ukrainian News Agency reports.

According to the report, Zhebrivskyi updated his declaration on July 20.

As Ukrainian News Agency earlier reported, Zhebrivskyi's sister Filia is chairperson of Farmak's supervisory board.

In 2016, in compliance with the International Financial Reporting Standards, Farmak increased its net profit by 67% or UAH 217.787 million to UAH 677.201 million year over year, and increased the net revenue by 43% or UAH 1.534 billion to UAH 5.112 billion.

Farmak Group N.V. (the Kingdom of the Netherlands) owns 67.99% of shares of Farmak.