Business news from Ukraine

Business news from Ukraine

Varus Invested 648 Mln UAH in Network Expansion in 2025

1 April , 2026  

The national supermarket chain Varus invested approximately 648 million UAH in network expansion, the retailer’s press service told the Interfax-Ukraine news agency.

Capital investments were directed toward opening new stores, modernizing the existing network, developing logistics infrastructure, and increasing energy independence, particularly through the installation of generators and solar panels.

“Our key task is to ensure the uninterrupted operation of stores, maintain liquidity, and ensure the predictability of financial flows even during blackouts, power outages, and logistical disruptions,” said CFO Marina Panina.

The opening of a five-year EBRD hryvnia credit line worth $25 million served as an additional sign of financial stability. The company views this as confirmation of international financial institutions’ confidence in businesses operating in Ukraine amid a full-scale war.

The company also reported that maintaining operational stability amid high uncertainty will remain a key financial priority in 2026. Among the main challenges are unstable power supply, labor shortages, and the impact of military operations on logistics.

Varus is a national supermarket chain represented in Ukraine’s grocery retail market by Omega. The first store opened in 2003 in Dnipro; seven new stores opened last year, bringing the total to 118 supermarkets across various cities in Ukraine. The chain operates in several formats: traditional supermarkets, To Go stores, and the Varus.ua online store.

According to the company, its network’s turnover in 2025 increased by 19.5% to UAH 28.8 billion. Tax payments to budgets at all levels totaled UAH 1.99 billion, which is 13.45% more than in 2024.

According to Opendatabot data, the owner of Omega LLC is the Cypriot company “Viant Enterprises Limited.” Valeria Kiptika and Ruslan Shostak are listed as the ultimate beneficiaries.