Business news from Ukraine

Business news from Ukraine

Ukrainian Red Cross has trained more than 387,000 people to provide first pre-medical aid, organization’s official Facebook page reported on Tuesday

The Ukrainian Red Cross (URC) has trained more than 387 thousand people to provide first pre-medical aid, the organization’s official Facebook page reported on Tuesday.

“We can’t prevent all emergency events, but we can make sure that people know how to act properly in the first minutes. This is what saves lives,” notes Nadezhda Yamnenko, a master trainer and head of the UCC’s first aid department.

The trainings of the Ukrainian Red Cross combine theory and practice, which forms the readiness to act decisively and professionally in any emergency. The program covers a wide range of situations – from household injuries and emergencies to the consequences of war: stopping massive bleeding, restoring breathing, responding to mine blast wounds and prolonged compression syndrome. First aid is not just a skill, but everyone’s responsibility and a chance to save a life before the medics arrive.

 

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Ukrnafta used innovative wireless 3D seismic exploration technology

Over three years, JSC Ukrnafta explored 1,330 square kilometers using 3D seismic exploration to expand its resource base and improve the accuracy of geological modeling.

“One of the main strategic objectives is to increase hydrocarbon reserves,” the company said in a statement.

To this end, Ukrnafta is investing in modern geophysical research, which makes it possible to identify new promising reservoirs and plan drilling more efficiently.

According to Yuriy Tkachuk, acting chairman of the board of Ukrnafta, in 2025, the total area of 3D seismic exploration will be approximately 750 square kilometers.

“The field phase has already been completed at two fields, another is in progress, and research at three new fields is planned by the end of the year. This is consistent work that ensures long-term stability of production,” he said.

The company emphasized that Ukrnafta was the first in Ukraine to apply wireless 3D seismic technology in mountainous conditions. This approach makes it possible to work in difficult geological conditions, minimizes environmental impact, reduces the duration of field work, and ensures higher accuracy of geophysical data. The results obtained form the basis of digital geological and hydrodynamic models that help predict production dynamics and make informed technical decisions.

In 2026, the company plans to continue 3D seismic exploration at the most promising fields.

Ukrnafta is Ukraine’s largest oil production company and operates a national network of gas stations. In March 2024, it took over the management of Glusco’s assets and currently operates a total of 663 gas stations. It holds 92 special permits for industrial development of deposits. It has 1,832 oil and 154 gas production wells on its balance sheet.

The largest shareholder of Ukrnafta is Naftogaz of Ukraine with a 50%+1 share. In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the company’s corporate rights, which belonged to private owners, to the state, and they are currently managed by the Ministry of Defense.

Ukrnafta’s net profit for 2024 was UAH 16.38 billion.

 

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“Arsenal Insurance and VUSO have paid UAH 19.9 mln for damaged business centers

Insurance companies IC “Arsenal Insurance” and VUSO (both Kiev) have paid UAH 19.9 mln (UAH 9.95 mln each) of insurance indemnity under the contract of co-insurance of buildings against military risks. According to the website of IC “Arsenal Insurance”, after two powerful air attacks on Kiev in June and July 2025 two business centers of the same network suffered.

Thus, on June 23, blast wave and debris damaged the facade, window structures, glass elements, decoration and engineering systems of one business center. And on July 10, during the next massive attack of Kiev, the explosion damaged the second business center of the same network – the entrance group, office space and glass windows on several floors of the building were destroyed.

“Arsenal Insurance” – non-life insurance company with 100% Ukrainian capital. It has been operating since 2005. According to the results of 2024 it has entered the top six in gross premiums among non-life insurers of Ukraine.

VUSO is a Ukrainian insurance company among the top five market leaders. It was founded in 2001.

 

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JYSK reopened stores in Kyiv and Poltava with new format

On Thursday, October 16, the international chain JYSK opened two renovated stores in the Compact format in Kyiv (Dream shopping center) and Concept 3.0 in Poltava (185 Yevropeiska Street), the company’s press service reported.

“We continue to invest in the development of Ukrainian retail, even despite all the challenges of today. Each reopening is a new level of comfort for shoppers and new opportunities for our colleagues. We believe that quality service, relevant JYSK products, customer care, and Scandinavian values will always remain relevant and add positivity to the daily lives of Ukrainians,” commented Yevgen Ivanitsa, Country Director of JYSK Ukraine.

It is noted that the store in the Dream shopping center was opened on June 6, 2019, and at that time it was the 50th anniversary store of the chain in Ukraine. The area of the renovated JYSK in Dream is 997 square meters, the warehouse is 225 square meters, and the social area is 37 square meters.

The store in Poltava at 185 Yevropeiska Street first opened in 2020. The retail space of the renovated store is 1,046 square meters, the warehouse is 313 square meters, and the social area is 42 square meters.
Currently, there are 110 stores and the jysk.ua online store operating in Ukraine. JYSK employs over 900 people in the country.

JYSK is part of the family-owned Lars Larsen Group, which has over 3,500 stores in 48 countries.
JYSK’s revenue in the 2024/25 financial year was EUR6.2 billion.

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State Enterprise “Forests of Ukraine” launches autumn forestry campaign, “Green Country” program comes to end

State Enterprise “Forests of Ukraine” has launched an autumn forestry campaign, which will see the completion of the President’s “Green Country” program to plant a billion trees. The billionth tree is planned to be planted in a month. According to the head of the enterprise, Yuriy Bolokhovets, the main goal of the initiative is not only to achieve a quantitative indicator, but also to restore ecosystems and form a culture of responsible attitude towards nature.

“The restoration of Ukrainian forests and the increase in the area of forest reserves should unite Ukrainian society and draw attention to the problems of ecology and biodiversity conservation. Forest restoration is part of the restoration of our country,” Bolokhovets said.

During the final stage of Green Country, special attention is being paid to creating new forests in regions where they did not previously exist, or restoring areas destroyed by military operations, fires, or illegal logging.

The first autumn planting took place in the Kyiv region, in the Khotianiv Forestry (Dymerske Forestry) near the village of Nyzhnia Dubechnya. Last year, almost a hectare of young forest burned down in this area after a rocket strike. In total, since the beginning of the year, more than 60 hectares of forest have been destroyed in the Dymer Forestry due to UAV and rocket strikes.

Pupils from the Vyshedubechansky school forestry, students from the National University of Life and Environmental Sciences of Ukraine, and children of forestry workers joined in the restoration efforts.
“We are creating new forests for future generations of Ukrainians, so it is very important to instill in our children and young people a love for the forest and a responsible attitude towards it,” emphasized the head of the State Enterprise “Forests of Ukraine.”

The restoration of the destroyed area is being carried out using modern technology: rowan, birch, and viburnum are being planted along with pine trees. This combination of species promotes better seedling survival, maintains biodiversity, and reduces the risk of fires.

Pine seedlings with a closed root system are grown at the selection and seed center in Zhytomyr region.
Over the next few weeks, the autumn forestry campaign will start in all of the company’s forestry operations.

According to Bolokhovets, “Green Country” is a joint project that symbolizes the future: “We are restoring forests together with children, schoolchildren, and students — after all, this is the country in which they will live and work.”

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Nova Poshta appoints Yevhen Tafiychuk as new CEO

Nova Poshta, Ukraine’s leading express delivery company, has appointed Yevhen Tafiychuk as its new CEO. Tafiychuk joined the company in 2012 as a loader and has served as Nova Poshta’s COO in both Ukraine and Europe since 2021.

“The current CEO, Oleksandr Bulba, will continue to manage the company until the end of the year. Over the next two and a half months, both top managers will work together under the selected & acting CEO model to ensure a smooth transfer of power,” the company said in a press release on Wednesday.

It is noted that the competition for the position was open: more than 20 candidates were considered, including managers from international companies.

“Three candidates made it to the final round: two external candidates and one internal candidate. We are proud that the leader we have chosen has grown with the company. Yevhen knows all the processes down to the smallest details and has an ambitious vision for the future,” said Vyacheslav Klimov, co-owner of Nova Poshta, in the release.

It is noted that under Tafiychuk’s leadership, courier delivery has been transformed, the Nova Poshta branch network has doubled, and delivery speed has become the fastest in the Ukrainian logistics market.
As reported, 2025 marks the end of a 10-year period of cooperation between Nova Poshta and CEO Oleksandr Bulba.

Nova Poshta’s main activity remains the express delivery of documents, parcels, and palletized large-sized cargo. The company is the leader in express delivery in Ukraine. Its ultimate beneficial owners are Volodymyr Poperechnyuk and Vyacheslav Klimov.

In the first half of 2025, the company increased its revenue by 23% compared to the same period in 2024, to UAH 24.6 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.

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