Business news from Ukraine

Business news from Ukraine

Comfy exceeded $1 bln in revenue in 2024

The leading domestic retailer of household appliances and electronics Comfy (Comfy Trade LLC) received UAH 47 billion 720.9 million in revenue in 2024, which is 27.1% higher than in 2023, the company’s press service toldInterfax-Ukraine.

It emphasized that 2024 was the first year when the company exceeded $1 billion in revenue. Last year, the company paid UAH 2 billion to the state budget, which is twice as much as in the previous year.

In 2024, Comfy opened eight new stores in Oleksandria, Berdychiv, Khodosivka, Mohyliv-Podilskyi, Khmelnytskyi, Vinnytsia, Lviv, and even frontline Zaporizhzhia, and also restored stores in Dnipro, Kryvyi Rih, and Irpin that were damaged by Russian missiles.

In addition, Comfy updated all existing stores to reflect changes in customer demand and behavior and assortment.

In 2024, the reformatting tasks included updating the online order pickup area. Thanks to active development, Comfy has created more than half a thousand jobs across the country.

The retailer, together with the Prometheus platform, launched a free professional course “Marketing Manager” for Ukrainians who lost their jobs as a result of the war. The retraining program has already been completed by 500 people.

In addition, in 2024, the retailer donated UAH 28.6 million to the Armed Forces of Ukraine.

In total, since the beginning of the full-scale invasion, the amount of aid has reached more than UAH 160 million.

According to Opendatabot, Comfy Trade LLC is owned by Comfy Holdings Limited (100%, Cyprus), with Stanislav Ronis and Svitlana Gutsul as the ultimate beneficiaries.

“DTEK Energy” puts first two coal longwalls into operation

In January, DTEK Energy’s coal mining enterprises commissioned the first two new longwalls this year, the energy holding said in a press release on Wednesday.

“We have to think not only about this heating season, but also prepare for the summer consumption peaks and the next winter. We are working as a team – power engineers, miners and machine builders. We are already commissioning coal longwalls to ensure a stable supply of resources for our TPPs,” said DTEK Energy CEO Oleksandr Fomenko.

In 2024, the company’s investments in Ukrainian coal mining amounted to UAH 7.5 billion. These funds were spent on the construction and repair of capital mine workings, completion of coal faces, equipping mines with tunneling equipment, underground mine transport and projects to maintain production facilities.

As reported, DTEK Energy’s machine builders manufactured and repaired almost 1.1 thousand units of mining equipment in 2024. The key products include 11 new roadheaders and shearers.

“DTEK Energy provides a closed cycle of electricity generation from coal. As of January 2022, the company’s installed capacity in thermal generation amounted to 13.3 GW. The company has established a full production cycle in coal mining: coal mining and enrichment, mechanical engineering, and maintenance of mine equipment.

Currently, most of DTEK Group’s thermal generation facilities have been destroyed as a result of Russian attacks.

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NovaPay has doubled number of POS terminals in Nova Poshta offices

The international financial service NovaPay (TM NovaPay) for 9 months. 2024 has doubled the number of its own POS-terminals in Nova Poshta offices, bringing their number to 5,790 devices, the service’s press service reports.

“NovaPay is expanding its terminal fleet. In nine months, NovaPay has doubled the number of its own POS terminals in Nova Poshta offices, bringing their number to 5,790 devices,” the service’s press service said on Thursday.

Currently, 60% of all POS-terminals installed in Nova Poshta offices are from NovaPay. Each branch has at least one of the financial service’s own terminals, the press service said.

“A few years ago, we decided to invest in creating our own network of POS terminals. We keep a high pace of terminal fleet development and have already seen noticeable results. The customer service time has decreased from 22 to 13 seconds, and the number of failures has decreased. And most importantly, we are less dependent on third-party providers,” the press service quoted Alexey Ruban, NovaPay’s Chief Innovation Officer, as saying.

According to him, by building its own network of POS terminals in the country, the company was able to optimize processes and significantly save on commissions, directing the saved funds to further develop products and offers for customers.

By the end of 2025, NovaPay plans to increase the number of POS terminals by another 2.5 thousand and enter the open market.

Earlier it was reported that NovaPay made 418 million transfers in 2024, which is 18% more than in 2023. According to the press service of NovaPay on Tuesday, the total volume of transfers through the system in 2024 reached UAH 308.5 billion, which is 31% more than in 2023.

“NovaPay (TM NovaPay) is an international financial service that is part of the NOVA group of companies and has been providing online and offline payment services in more than 3,600 Nova Poshta branches for over 12 years. The service was the first non-bank financial institution in Ukraine to receive an extended license from the NBU, which allowed it to open accounts and issue cards.

According to the National Bank of Ukraine, as of December 1, 2024, NovaPay LLC issued 449.11 thousand payment cards, of which 123.34 thousand were active (at least one transaction in November). With a share of 0.22%, the company ranked 17th in the market, but still lags far behind the leaders PrivatBank (29.28 million) and mono (9.86 million active cards). At the same time, at the beginning of 2024, NovaPay issued only 13 thousand cards.

In addition, the company had 10.71 thousand installed payment terminals at the beginning of December, compared to 3.43 thousand at the beginning of the year, and installed the first 10 self-service devices. In terms of the number of payment terminals, NovaPay with a 2.1% share overtook Ukrposhta with its 1.4% share and ranked fifth in the market, where the undisputed leader is PrivatBank with a 60.7% share.

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Wholesale prices for greenhouse cucumbers have increased in Ukraine

Greenhouse cucumbers are rising in price again in Ukraine, according to analysts of the EastFruit project. Market participants attribute the increase in prices in this segment to the increased demand for greenhouse cucumbers amid a relatively low supply of these products.

As of today, greenhouse cucumbers go on sale at 80-120 UAH/kg ($1.93-2.89/kg), which is on average 23% more expensive than a week earlier.

Another reason for the rise in the price of greenhouse cucumbers was the rather limited supply of these products on the market. Thus, today the main supply on the Ukrainian market is exclusively imported products, as Ukrainian greenhouse plants will enter the market with a new turnover not earlier than the middle of this month.

However, despite the rise in price of greenhouse cucumbers, today these products are offered for sale in Ukraine on average 12% cheaper than in early February last year. For more information on the development of the greenhouse cucumber market and other fruit and vegetable products in Ukraine, please subscribe to the operational analytical weekly – EastFruit Ukraine Weekly Pro. Detailed product information is available here.

Source: https://east-fruit.com/novosti/ukraina-teplichnyj-ogurecz-za-nedelyu-podorozhal-na-23/

Artek International Children’s Center (Kyiv, Pushcha-Vodytsia) has announced tender for life and health insurance for children

On February 6, the state-owned enterprise Artek International Children’s Center (Kyiv, Pushcha-Vodytsia) announced a tender for life and health insurance for 15,886 children.

According to the Prozorro electronic procurement system, the expected cost of the service was UAH 157,271 thousand. Proposals will be accepted until February 14. As reported, the winner of a similar tender a year earlier was the Ukrainian Fire Insurance Company.

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“Dneprometiz-TAS” sells 72% stake in TAS Neil to another Tigipko structure for UAH 62 mln

Dneprometiz-TAS LLC (Dnipro), owned by Ukrainian businessman Sergiy Tigipko, is selling a 72% stake in TAS Neil LLC (Khmelnytsky) to another Tigipko structure, TAS Asset Management LLC (Kyiv).

According to the company’s filing with the National Securities and Stock Market Commission (NSSMC), the decision to grant consent to the company’s major transaction was made by the Supervisory Board (SB) of Dneprometiz-TAS LLC on February 6, 2025.

It is specified that the SB’s decision concerns the sale of corporate rights (share in the authorized capital) of TAS Neil LLC (Khmelnytskyi) in the amount of 72% with a nominal value of UAH 6 million 501,689 thousand to TAS Asset Management LLC (Kyiv), which has a license to carry out professional activities in the capital markets – asset management of institutional investors (asset management activities).

TAS Asset Management LLC acts on its own behalf, in the interests and at the expense of the Novy Venture Non-Diversified Closed-End Investment Fund of TAS Asset Management LLC.

The value of the stake (total amount of the agreement) is UAH 62 million. The buyer shall pay for the share within 5 months from the date of the agreement.

TAS NAIL LLC (Khmelnytsky) was registered on 26 April 1994. The main activity is the production of wire, chain and spring products.

Dneprometiz LLC owns 72% of TAS NAIL LLC, TAS Asset Management LLC (Novy Fund) owns 18% of the company, and TAS Asset Management LLC (Trademark Fund) owns 10%. The ultimate beneficiary is Sergiy Tigipko (100% share).

The authorized capital of TAS Oil LLC is UAH 9 million 30.123 thousand.

“Dneprometiz-TAS produces hardware products from low-carbon steels. The company’s capacity is 120 thousand tons of products per year.

It is owned by T.A.S. Overseas Investments Limited (Cyprus) owns 98.6578 percent of Dneprometiz LLC.

The authorized capital of Dneprometiz-TAS LLC is UAH 83.480 million.

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