AXOR Industry has invested a total of EUR 40 million in the launch, expansion and development of its window and door hardware plant in Dnipro since 2011, First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko has announced.
“In 2011, AXOR built a plant in Dnipro, with initial investments of EUR 25 million. When a full-scale war broke out, the company not only maintained production but also continued to develop. In 2022-2023, it invested in new production facilities. Currently, the total investment amount is EUR40 million,” she wrote on her Facebook page on Monday.
According to the report, the plant in Dnipro has a capacity of 8 million sets of fittings per year. Svyrydenko emphasized that this is one of the largest plants of its kind in Eastern Europe. AXOR exports its products to 27 countries.
“I am sincerely grateful to AXOR Industry, which proves that war is not an embargo on investment. The private sector of other countries, despite the challenges, is ready to invest in our country right now,” she said.
According to Opendatabot, the founders of AXOR Industry LLC are Funama Holdings Limited (Cyprus), AMC Altus Assets Assets in the interests of Altus Industrial Mutual Fund (Dnipro) and Basera Holding Limited (Malta). The ultimate beneficiaries are Mustafa, Hassan and Oan Irem Basher, as well as Sofia Kononenko.
In addition, in 2024, Vadym Iermolaiev, the owner of Alef Corporation, who was included in the Ukrainian sanctions list for 10 years in 2023, was removed from the list of beneficiaries.
In 2024, AXOR Industry increased its revenue by 5.6% to UAH 627.8 million and its net profit by 18.4% to UAH 19.5 million.
Experts Club has published a study on the dynamics of industrial production in Croatia and its trends in recent years. In the beginning of 2025, industrial production in Croatia shows moderate growth, despite fluctuations in previous months. According to the Croatian Bureau of Statistics, industrial production increased by 5.4% in February 2025 compared to the same period of the previous year. This is a slowdown compared to January 2025, when growth was 7.6%.
The following industries recorded the highest growth in February 2025.
At the same time, consumer goods production declined:
Monthly trends
Compared to January 2025, industrial production fell 3.9% in February. This is the first decline in the last three months, indicating instability in the industrial sector.
Historical dynamics of industrial production (2000-2024)
Below are the dynamics of industrial production in Croatia for the period from 2000 to 2024:
These data reflect fluctuations in Croatia’s industrial production over the last 25 years, with periods of both growth and decline.
The first Asian exhibition GITEX ASIA x AI Everything Singapore will be held in Singapore at Marina Bay Sands on April 23-25, 2025. The event will bring together over 700 technology companies and startups from more than 70 countries, as well as 250 investors with a total of over $200 billion in assets.
GITEX ASIA will become the largest platform in the region to showcase advances in artificial intelligence, cybersecurity, quantum technologies, digital healthcare, and sustainable smart cities. The forum will feature more than 180 hours of content with more than 320 speakers, including industry leaders such as Michael Sprenger (Sony AI), Dr. Anna Yip (Singtel), and Navneet Govil (SoftBank).
Special attention will be paid to startups: more than 500 startups from 60 countries will present their innovations at North Star Asia, and participants will be able to take part in the Supernova Challenge with a $100,000 prize pool.
GITEX (Gulf Information Technology Exhibition) was founded in 1981 in Dubai and has become the world’s largest technology event for 45 years. In 2024, GITEX Global attracted more than 200,000 participants and 6,500 companies from 180 countries.
The debut of GITEX in Asia emphasizes the region’s growing role in the global digital economy and the desire to strengthen cooperation in technology and innovation.
The total revenue of the top ten companies in this sector increased by 12%
According to the Opendatabot Index, the top ten companies in the transportation and logistics sector generated more than UAH 243 billion in total revenue last year. This is 12% more than in 2023. Only 5 out of 10 companies managed to make a profit that year.
According to the Opendatabot Index, the leading companies in the field of transport and postal services earned UAH 243.67 billion in revenue. Their total revenue grew by 12% over the year.
Not everyone had a good year: 8 companies saw their revenues grow, but only 5 of the top ten managed to make a net profit. The total profit of the top five was UAH 8.16 billion, while the losses of the other four companies amounted to UAH 12.1 billion. Another company broke even last year.
Despite the fact that half of the leading companies are state-owned, they account for more than 70% of the total income of the top five: UAH 171.89 billion.
Ukrzaliznytsia, the permanent leader of the Index, received UAH 102.87 billion in revenue last year (+11% yoy). However, the company still made a loss at the end of the year: UAH 4.19 billion. Ukrtransgaz had a similar situation: its revenue decreased by almost a third, and its losses reached UAH 7.44 billion.
Ukrposhta had a more successful year. Despite the fact that the company ended the year in the red, it managed to reduce its losses by almost 2 times. Overall, Ukrposhta increased its revenue by 12% to UAH 12.98 billion last year.
“For us, this rating and its results are not just numbers on the screen. These are years of hard work by tens of thousands of people who have been implementing reforms step by step and turning Ukrposhta into a modern and successful business. Despite the challenges of the war and the fact that we are a business with a human face, guided not only by short-term financial gain but also by the welfare of Ukrainians, we succeed,” comments Igor Smelyansky, CEO of Ukrposhta.
Another state-owned company, the Ukrainian Gas Transmission System Operator, increased its revenues by 7% to UAH 38.53 billion over the year. Although net profit decreased by 8.7 times to UAH 1.27 billion, the company still ended the year in the black.
“Ukraine’s GTS operator operates stably and reliably despite numerous challenges caused by the full-scale war. The company clearly and timely fulfills its obligations to internal and external customers of natural gas transportation services. This approach ensures the financial sustainability of the Company’s development,” said Vladislav Medvedev, acting CEO of GTSOU.
The revenue of the state-owned Ukrtransnafta decreased insignificantly, but its profit dropped by 16 times to UAH 1.22 billion. It is worth noting that in the previous Index, this company was the leader in terms of profit among the top ten.
For the second year in a row, Nova Poshta, which belongs to the NOVA group, has been ranked second in the Index, with its revenue up 23% to UAH 44.78 billion. But profit, on the contrary, decreased by 1.6 times to UAH 2.5 billion.
“In 2024, Nova Poshta became the world’s best postal operator according to the World Post & Parcel Award, expanding its network to more than 37,000 service points in Ukraine and more than 87,000 in 16 European countries by the end of the year. Last year, we opened the first barrier-free post office in Ukraine and donated more than UAH 4.8 billion for humanitarian needs and support of the army. 2024 was about movement and the challenges we managed to overcome,” the company commented.
This year, another NOVA Group company, Neo-Trans, was included in the Index for the first time. It showed the fastest revenue growth among the top ten: +100% (UAH 6.5 billion). Its profit also doubled to UAH 116.55 million. Together, the two NOVA companies account for 21% of the total revenue of the leaders.
Logistician Union of the ATB group is not far behind. Thus, the company moved up several positions in the ranking, increasing its revenue by 29% and earning the largest profit of all – UAH 3.06 billion (+40%).
Lemtrans, a company of Akhmetov’s SCM Group, demonstrates stability and remains in the seventh position for the third year in a row. Its revenue increased by only 3% to UAH 7.3 billion.
This year’s Index includes another new company, Ukrainian Helicopters. Despite a 17% increase in revenue (up to UAH 872 million), which allowed it to break into the top, the business recorded a loss of UAH 52.5 million.
At the same time, two companies from Oleksandr Radavsky’s agricultural holding, Promvagontrans and Berehove Grain Receiving Enterprise, dropped out of the 2025 Index. In 2024, their revenues decreased by 2.5 and 3 times, respectively, but both of them turned a profit: +UAH 2 million and +UAH 36 million in profit.
https://opendatabot.ua/analytics/index-transport-and-mail-2025
On April 17, the Patrol Police Department announced its intention to conclude with IC “Guardian” (Kiev) a contract of compulsory insurance of civil liability of owners of land vehicles (MTPL) for 1,585 units.
As reported in the system of electronic public procurement Prozorro, the company’s price offer amounted to UAH 8.147 million against the expected cost of purchasing services of UAH 8.384 million.
The company was the only bidder.
IC “Guardian” is a member of the Presidium of the League of Insurance Organizations of Ukraine. Since January 2020 it has received the status of a full member of the ITSBU, has the right to sell “Green Card” policies.
In October, 2020 by the decision of the general meeting of members of the Nuclear Insurance Pool of Ukraine IC “Guardian” became its member.
IC Guardian, INSURANCE, Motor transport, MTPL insurance, Patrol police
The Fozzy Group, together with Polish manager Maciej Gawronski, has established a joint venture company IDKFA IDCLIP in Poland, 90% of which is owned by Fozzy Holdings Limited and 10% by Gawronski, and became a franchisee of the Carrefour retail chain, the Polish edition of Wiadomosci Handlowe reports.
It is noted that the first store of the chain has already been opened in Poznan.
“While researching the Polish market, we found that Polish retail experts were interested in Silpo’s unique value proposition. We have established excellent cooperation, for example, with Polish breweries, farmers and chefs. It was therefore useful to share our experience and explore some common development opportunities,” the retail chain’s press service told the Polish publication.
At the same time, she explained that many Ukrainians have found refuge in EU countries, particularly in Poland, and when they return, their expectations of a grocery store may change. Therefore, Silpo needs to evolve to offer the best service regardless of the war.
According to Gavronsky, the Ukrainian company in this project is mainly a financial investor, so this is not a full-fledged entry of Fozzy Group into the Polish market under its own brand.
Gawronski has extensive experience in retail – he has worked for Jeronimo Martins for over 20 years, including work at Biedronka (one of the largest grocery chains in Poland). Since 2017, he has been working as Head of Logistics and Supply Chain at Fozzy Group.
Fozzy Group is owned by Volodymyr Kostelman, who founded the company in 1997 in Kyiv. Fozzy Group currently owns the second largest supermarket chain in Ukraine after ATB-Market.
As early as March 2023, Silpo expressed interest in the Polish market and was looking for locations for stores with an area of 2500-5000 square meters. According to unofficial information, the company is still considering opening its own Silpo stores in Poland and continues to look for optimal locations.
Fozzy Group is one of Ukraine’s largest retailers with more than 690 outlets across the country. The company develops retail chains of various formats: Silpo supermarkets, Fozzy Cash&Carry wholesale hypermarkets, Fora convenience stores, Thrash! discounters, and Bila Romashka pharmaceutical supermarkets.
The Fozzy Group’s business is not limited to trade. The group owns restaurants (Boulangerie, Escobar, Positano, Who&Why Drinkery), an agro-industrial business (Nizhyn, Greenville, Sniatynska Prytya, Bohuslavna, Skadi), Vostok Bank, Silpo Voyage travel agency chain, Apollo Next sports club chain, UVK logistics operator, and TemaBit Fozzy Group, an IT developer.
