The Glovo courier delivery service, which began operating in Ukraine in 2018, has invested more than EUR 160 million in the business during this time, said Marina Pavlyuk, CEO of Glovo in Ukraine, at the Kyiv International Economic Forum (KIEF) on Thursday.
“We are ready to invest more. This year, probably around EUR 25 million, but security and guarantees are still an open question. For now, we are relying on the initiative of investors and the dedication of our team, which is ready to convince investors that we need to work here despite all the challenges,” Pavliuk said, according to a correspondent from the Interfax-Ukraine news agency.
According to her, six years ago, the relevant committees of the Rada began working on a mechanism that could regulate the issue of “self-employed” in this market, but only on October 15 this year did the relevant parliamentary committee recommend adopting the relevant bill in the first reading. According to Pavliuk, the bill takes into account the interests of various groups, including marketplaces.
“We are awaiting the second reading and finalization. We are in favor of digitalization, we are helping the state make the right decision, and we hope that there will be political will, because this means revenue for the country’s budget and stability in terms of long-term investments,” emphasized the CEO of Glovо.
Pavliuk added that the total amount of potential revenues to the state budget could be around UAH 7 billion.
According to the CEO of Glovо, as of 2024, the company was responsible for 0.4% of GDP.
In a comment to Interfax-Ukraine, Pavlyuk said that the company currently operates in more than 40 cities in Ukraine. In some cities, Glovо has ceased operations due to the occupation, particularly in Mariupol and Berdyansk.
“In general, the last places we expanded to were Pavlohrad in the east and Kovel in the northwest,” she said.
According to her, it is important for the company to have other businesses operating in the city, partners.
“We often exchange signals with our partners. They give us a better understanding of which cities we can potentially launch in. There are currently several cities of the same size (IF-U) in the works, so we’ll see how it all goes next year,” Pavlyuk clarified.
Ukraine’s second-largest mobile operator, VFU (Vodafone Ukraine), plans to install solar power plants (SPPs) at 100 mobile base stations across Ukraine by the end of 2025 – early 2026, according to a company press release.
It is noted that the total installed capacity of the SPPs is 360 kW, each system will include solar panels and inverters with a capacity of 3.6 kW, which will allow the use of solar energy during peak loads or power outages.
The operator noted that such systems will reduce consumption from the centralized power grid by about 300 MWh per year, reduce the load on the power system during peak hours, reduce CO2 emissions by 210 tons per year, and generate savings by reducing electricity costs.
Vodafone Ukraine added that the technology was tested over four seasons at three base stations in the Poltava region and the city of Dnipro. The pilot projects revealed a significant reduction in electricity consumption from the grid, a reduction in the load on the power grid during the day, and the reliability of the technology in climatic conditions, especially during periods of high solar activity.
As reported, Vodafone Ukraine reduced its net profit by 13% in the first half of 2025 compared to the same period last year, to UAH 1.705 billion, while its revenue grew by 15%, to UAH 13.518 billion.
In the first half of the year, the company increased its investments by 66% compared to the same period in 2024, investing more than UAH 3.5 billion in critical infrastructure, and in total, over 3.5 years of full-scale war, investments in Ukraine reached almost UAH 19 billion. In the structure of investments in the first half of this year, 51% is accounted for by the construction and restoration of the network, as well as its preparation for operation during blackouts, 31% – network maintenance, 11% – fixed-line communications development, and 4% – the billing exchange program.
Vodafone Ukraine has been part of NEQSOL Holding since December 2019.
The Textile-Contact (TK-Group) trade and industrial group of companies has invested approximately $14.5 million in development since the start of the full-scale war, according to the group’s owner, Alexander Sokolovsky.
“We invested about $14.5 million during the war, and light industry is a very long game… We even moved a factory from Poland and are now assembling it – 65 trucks of equipment. Over the past three years, we have paid UAH 1.1 billion in taxes. Maybe it’s not that much, but we have about 1,400+ employees, and that’s about UAH 300,000 in taxes per person per year,” he said at the Kyiv International Economic Forum (KIEF) in Kyiv on Thursday.
At the same time, Sokolovsky emphasized that Ukrainian businesses are still feeling “intense pressure” from law enforcement agencies, especially companies that worked with the state on military orders in order to survive.
“I know for sure that we are currently under criminal investigation, but I am calm about it, and we are, of course, preparing our defense, but if they come and block us, I know that we will not even resist and are ready to give these law enforcement officers the keys to our enterprises — try to do better,” he stressed.
The Textile-Contact Group (TK Group) was founded in 1995. It is currently a holding company that brings together the entire range of services in the textile industry, from raw materials and threads to ready-made solutions for B2B, B2G, and B2C customers. The group consists of 13 factories and employs about 1,500 people.
The founder of the group is Sokolovsky, chairman of the committee for defense procurement in light industry at the Federation of Employers of Ukraine and a member of the Manifest 42 public movement.
Hungarian Prime Minister Viktor Orbán has said he is ready to host a meeting between US President Donald Trump and Vladimir Putin in Budapest, Hungary.
“The planned meeting between the US and Russian presidents is great news for peace-loving people around the world. We are ready!” Orbán wrote on social media on Thursday.
As reported, Trump spoke with Vladimir Putin on Thursday, calling it a very productive conversation, and announced the planned meetings—a personal meeting in Budapest and a meeting between advisers beforehand. He also said that during a planned meeting on Friday with Ukrainian President Volodymyr Zelensky in the Oval Office, the parties will discuss this conversation with Putin “and much more.”
At the same time, Trump said that during the conversation with Putin, he devoted a lot of time to discussing “trade between Russia and the US after the end of the war with Ukraine.”
The current education system in Ukraine is hindering investment and business development and needs to be changed, according to Konstantin Efimenko, president of the pharmaceutical company Biofarma Plasma.
“In order for us to implement changes and invest $500 million over seven years, the education system needs to be fundamentally changed,” he said at the Kyiv International Economic Forum (KIEF) on Thursday.
Yefimenko noted the negative consequences for primary schools of online learning, which has been practiced in Ukraine for the past six years.
“That’s why we’ve completely lost the school system. Today, we’re getting kids with absolutely zero knowledge, and we need to understand that in order to understand where we are,” he said.
Yefimenko stressed the need to invest in education and review curricula.
“We need to change the education system, we need to remove all these lessons on happiness, some psychological lessons, and bring mathematics, chemistry, and biology back to school,” said the businessman and former Minister of Transport and Communications.
In addition, Yefimenko stressed the need to upgrade university teaching laboratories.
“I visited almost all the universities in Kyiv where chemistry and biology are taught. And I will say this: all their laboratories became obsolete 34 years ago. Everything there related to chemistry, biology, and physics should be collected and thrown away. The entire university base is worse than a single Biofarma laboratory, in which we invested $25 million. But let’s think about it: a peripheral company from Bila Tserkva has a better laboratory base than all universities, including national ones. How can this be acceptable?” he said.
Yefimenko noted the high demand for qualified personnel: “We need people, but we can’t train them at the trolleybus stop. We need to buy chromatographs, we need to buy cytometers, we need to find equipment and connect it. And we don’t have that.”
“We have created two schools because we understand that there is no school education. We have created our own department at Shevchenko University. There are now 15 children studying there. I find the teachers myself and pay them myself, which costs more than $1 million a year. We are now publishing textbooks. The only thing more important than this is what is happening on the front line,” he said.
On October 20, 2025, the supervisory board of SK Kraina terminated the powers of its chairman of the board, Leonid Moroz, in accordance with the current legislation of Ukraine and the company’s charter, the company reported in the NSSMC system.
By a decision of the supervisory board dated October 15, Alexander Nakonechny was appointed chairman of the board. For the past five years, he has held the positions of advisor to the chairman of the board of JSC SK Kraina and deputy chairman of the board for project implementation at SK Universalna.
It is also noted that by decision of the supervisory board, Leonid Moroz was appointed deputy chairman of the board for finance and economics.
Insurance Company Kraina has been operating in the Ukrainian insurance market since 1994. It is licensed to provide 23 types of insurance. The insurer’s regional network consists of 98 facilities throughout the country.
Vyacheslav Suprunenko owns 99.997% of the shares of IC “Kraina”.
