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.
