Business news from Ukraine

Nova Poshta Group has changed its name to NOVA

9 January , 2024  

Nova Poshta Group of Companies has changed its name to Nova, but Nova Poshta, a logistics and postal operator operating in the Ukrainian market, will retain its brand, the group’s press service said on Tuesday.

“We are already much more than a post office, so we are removing this word in the name of the group of companies and leaving a broad, unbounded name – NOVA,” the release cites the rebranding rationale.

“The main goal of the NOVA group is to provide easy delivery of anything for life and business. So far, these are parcels, money and technology, but we are not going to stop there,” said Vyacheslav Klimov, co-owner of the group.

According to the release, the NOVA group of companies includes six companies: “Nova Poshta, Nova Post Europe, NovaPay, Nova Global, Supernova Airlines and Nova Digital.

It is noted that Nova Poshta provides delivery services, as well as freight transportation and fulfillment, and its network currently includes 11.4 thousand branches and 15.5 thousand post offices in Ukraine.

Nova Post Europe delivers documents, parcels and cargo across Europe and between the EU and Ukraine. The company has representative offices and 83 own branches in 11 countries: Moldova, Poland, Lithuania, Czech Republic, Romania, Germany, Slovakia, Estonia, Latvia, Hungary, and Italy, and operates through 35 thousand service points.

According to the release, NovaPay is a non-bank financial institution that develops its own international payment system and provides financial services to private clients and businesses, currently servicing 2.6 million transactions per day. At the end of last year, the company released an application that allows customers to open current accounts.

It is noted that Nova Global, a member of the group, focuses on the global e-commerce market and cooperation with international marketplaces. The company offers Ukrainian small and medium-sized businesses services to enter new markets and develop exports.

Supernova Airlines, according to the release, has already operated dozens of flights between European countries and will soon start transcontinental flights with cargo planes.

IT company Nova Digital, a part of Nova Group, creates and maintains web applications and software products for Nova Poshta and other companies of the group, which, according to the release, has a total of 32 million private and corporate clients.