The Nova group of companies, which includes the express delivery leader Nova Poshta and the financial service NovaPay (TM NovaPay), plans to grow fourfold in five years, according to the group’s co-founder Volodymyr Poperechnyuk.
“We presented our vision for the next five years. We expect to continue expanding globally and plan to grow fourfold during this period,” he wrote on Facebook.
“We have also set ourselves the ambitious goal of becoming one of the top 20 largest postal and logistics companies in the world. Currently, we are only in the top 30,” Poperechnyuk emphasized.
In his opinion, a similar goal could be set for the economy of the entire country, which currently ranks 56th-58th in the world.
“If the goal was to be in the top 20, we would catch up with Poland!” noted the founder of Nova Poshta, adding that he considers such a goal realistic.
He believes that this “does not require ingenious decisions by the authorities, but only that they do not interfere with business,” that they provide economic freedom, in particular through privatization, deregulation, and tax cuts.
As reported, in the first half of 2025, Nova Poshta increased its consolidated net profit by 18.6% compared to the same period last year, to UAH 1.765 billion, and its consolidated net income by 22%, to UAH 29.829 billion.
The volume of parcels and cargo delivered amounted to 238 million (7% more), its network of branches grew by 708 points to 13,985, and the number of parcel terminals increased by more than 4,000 to 28,326.
The Kiel Institute for the World Economy reported on Tuesday that military aid to Ukraine fell by 43% in July and August compared with the first half of the year.
According to the institute, most military support now flows through the Prioritized Ukraine Requirements List (PURL) program. That consists of NATO allies from Belgium, Canada, Denmark, Germany, Latvia, the Netherlands, Norway and Sweden.
The PURL initiative replaced U.S. arms donations to Ukraine and now requires allies to pay for U.S. weapons deliveries.
The OLX platform calls for a review of the provisions of Bill No. 14025 on the introduction of international automatic exchange of information on income received through digital platforms, and to take as an example the implementation of such rules in European Union countries.
“According to the proposed regulations, even those who sell only one book or jacket per year will be forced to pay tax or go through a complicated procedure to get a refund through the tax service. The new rules significantly complicate simple and secure online trading. Most individuals who sell goods on our platform are simply getting rid of things they no longer use,” the platform said in a statement.
OLX criticized the government’s proposal to require all private sellers to provide personal data to platforms, regardless of sales volume, as well as the need to pay a 5% personal income tax along with a 5% military levy, and the need to manually refund the tax through the tax service if the annual sales volume does not exceed EUR2,000. The company noted that the introduction of the rules would lead to higher prices for buyers and an increase in “shadow” sales outside digital platforms.
The company noted that it fully supports the objectives of the European DAC7 Directive and emphasized the importance of ensuring tax transparency. OLX insists on the implementation of the requirements of this directive, as has already been successfully done in EU countries.
“In these (European – IF-U) countries, private sellers are not subject to the rules if their annual sales do not exceed €2,000. However, entrepreneurs who trade through online platforms are identified, and their data is responsibly transferred to the tax authorities,” the platform explained.
OLX called on lawmakers to engage in a real dialogue with the market regarding the provisions of the bill. The platform, in turn, is ready to provide expert recommendations on the best international practices for implementing the DAC7 directive, the statement said.
As reported, according to the government bill, a personal income tax (PIT) rate of up to 5% will apply to accountable sellers, provided that they open a separate bank account for receipts from platforms and do not trade in excisable goods, as well as if they are not self-employed, do not have employees, and their annual income does not exceed 834 minimum wages (approximately UAH 6.7 million as of January 1, 2025). For anyone who does not meet these conditions, the general PIT rate remains at 18%.
The government’s submission of a bill to introduce the automatic exchange of information on income received through digital platforms such as OLX, Prom, Rozetka, Uklon, Bolt, etc. is a condition of the cooperation program with the International Monetary Fund. The government approved the relevant document in April and submitted it to parliament, but it was criticized for lacking a minimum threshold for application.
Ukraine and the Slovak Republic have signed an agreement on technical and financial cooperation and a joint roadmap.
On the Ukrainian side, the agreement was signed by Deputy Prime Minister for European and Euro-Atlantic Integration Taras Kachka following joint Ukrainian-Slovak intergovernmental consultations on Friday.
The countries also signed a protocol between the governments on border crossing points across the common state border. On the Ukrainian side, the document was signed by Deputy Prime Minister for the Restoration of Ukraine – Minister of Community and
Territorial Development Oleksiy Kuleba.
In addition, an agreement was signed between the countries on mutual understanding regarding the placement of Ukraine’s diplomatic mission in Slovakia and Slovakia’s diplomatic mission in Ukraine. On the Ukrainian side, the document was signed by Minister of Foreign Affairs Andriy Sibiga.
Prime Minister of Ukraine Yulia Sviridenko and Prime Minister of the Slovak Republic Robert Fico signed an agreement on the exchange of information on labor mobility, as well as a joint roadmap.
As reported, joint Ukrainian-Slovak intergovernmental consultations are taking place on Friday with the participation of Ukrainian Prime Minister Yulia Sviridenko and Slovak Prime Minister Robert Fico.
The Ukrainian Hydrometeorological Center has issued a warning about dangerous and extreme weather conditions in several regions of the country in the coming days.
On October 19, in the western, Vinnytsia, and Odesa regions, wind gusts of 15-20 m/s (level I danger, yellow) are expected during the day.
On the night of October 20 and 21, in the western regions, and on the night of October 21, in the Zhytomyr and Vinnytsia regions, there will be frosts in the air of 0-4° (level II danger, orange).
The weather conditions may complicate the work of energy, construction, and utility companies, according to the Ukrainian Hydrometeorological Center.
Japan’s Toyo Tires has announced plans to build an innovation center in the city of Injiya, Serbia. The new facility will focus on research and development in the tire industry and related technologies, a Toyo representative told local business media.
According to the project, the center will include laboratories for materials science, test benches, and research units that will collaborate with regional universities and technology startups. Construction is expected to begin in the first quarter of 2026.
Toyo Tires also plans to integrate the Serbian center into the company’s global research network, facilitating the exchange of knowledge and resources between its sites in Asia, Europe, and America. This will help accelerate the development of new compounds, innovative mixtures, and environmentally friendly solutions.
Investing in Serbia as part of this project is seen as the second stage of Toyo’s expansion in the Balkans — the company already has production facilities in Serbia and now intends to strengthen the scientific and technical core of its business.
Toyo Tires is a global tire manufacturer based in Japan. The company has been in operation since 1945 and manufactures tires for passenger cars, SUVs, trucks, and specialized equipment.
Toyo is known for its innovative solutions in the field of compounds, environmentally friendly compositions, and high testing standards. The company supplies products to more than 100 countries around the world, and its research and development network includes centers in Japan, the US, Europe, and Asia.
Toyo also actively collaborates with automotive brands and participates in motorsports, which allows it to test and develop technologies under extreme conditions.
Japan’s Toyo Tires to build innovation center in Serbia
Source: https://t.me/relocationrs/1590
