Business news from Ukraine

Nova Poshta opens 3rd branch in Czech Republic

“Nova Poshta, the leader in express delivery in Ukraine, has opened a Nova Post post office in Brno, the third branch of the network in the Czech Republic, the company’s press service said on Friday.

“This is just the beginning of our development. Next year, we plan to open branches in 4 more Czech cities,” said Vladimir Sterenchuk, CEO of Nova Post in the Czech Republic and Slovakia.

According to him, in 2024, Nova Post branches will appear in Pilsen, Ostrava, Liberec and Český Budějovice.

At the new Brno branch, customers can send and receive documents and parcels weighing up to 30 kg from Ukraine. Delivery time to Ukraine is 5 days or more.

As reported, Nova Post entered the Czech market in June and opened two branches in Prague at once – a cargo branch weighing up to 1,000 kg and a postal branch weighing up to 30 kg, and launched a courier delivery service weighing up to 1,000 kg. In 6 months, the company delivered 30 thousand items.

In mid-November, Volodymyr Popereshnyuk, co-owner of Nova Poshta, announced that Nova Post plans to enter the markets of Italy, France, and Austria by the end of this year.

As of the beginning of November, Nova Poshta’s network in Ukraine included nearly 11,000 branches and 14.6,000 post offices.

The group of companies includes Ukrainian and foreign companies, including Nova Poshta, NP Logistic, NovaPay payment system and Nova Poshta Global.

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“Centravis” brought production to full capacity and opened new branch in Uzhgorod

Centravis Production Ukraine PJSC (Centravis Production Ukraine), a part of Centravis Ltd. holding, has brought its main production in Nikopol to full capacity and at the end of February officially opened its branch on tubes production in Uzhgorod.
“Now Centravis production is working at full capacity. All equipment is working, hot and cold shops,” wrote chief sales officer (CSO) Artem Atanasov in a letter to customers last Friday.
According to him, the company’s logistics team is constantly monitoring the safest ways to deliver finished products to customers. Worldwide sales offices operate in Essen, Milan, Krakow, Lugano, Houston and Dubai.
It is also reported that the new Centravis production site was officially opened in Uzhgorod on Feb. 28, with managers from Italy, Germany, Poland, the U.S. and the UAE, and local and regional authorities in attendance.
“This production site is just a part of our big team, as the main Centravis facilities remain in Dnipropetrovsk region. We are very happy that our production is developing and Ukrainian stainless seamless pipes are in demand all over the world,” – noted in the information of Director of Sales.
As reported, the holding Centravis Ltd. re-registered its parent company in Switzerland, having changed its Cypriot location, which will help to improve credit rating and attract longer and cheaper funds for the development of production in Ukraine.
“Centravis” earlier announced plans to open a specialized production of tool pipes for cars in Transcarpathia.
“Centravis” is among the ten largest manufacturers of seamless stainless steel tubes in the world. In 2022 the company has implemented a number of large-scale orders for such global companies as Benteler Automotive, LINSTER Edelstahlhandel, Rohr Mertel, Buhlmann Group, Webco, MRC. The company employs over 1400 people.
Centravis, founded in 2000, is one of the world’s largest manufacturers of seamless stainless steel pipes. Its production facilities are located in Nikopol (Dnepropetrovsk region).
Holding Centravis Ltd was created on the base of Nikopol Stainless Tube Works CJSC, service and trade companies Industrial and Commercial Enterprise Yuvis Ltd. Its shareholders are members of the Atanasov family.
Centravis Ltd. owns 100% of shares of Centravis Production Ukraine PJSC.

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Prominvestbank (PIB, Kyiv) has closed six branches in Ukraine since October 2019, leaving only one in Kyiv, the bank has told Interfax-Ukraine.
According to the report on the website of the financial institution, from January 3, 2020 all legal entities that are clients of Prominvestbank will be serviced in the bank branch at 28 Perova Boulevard.
According to the National Bank of Ukraine, at the beginning of 2019 the regional network of Prominvestbank totaled 56 branches.
As reported, at the end of November 2019 PIB announced the closure of current accounts of individual entrepreneurs, and in early December the termination of cooperation with Mastercard and termination of servicing the card accounts of legal entities.
The shares of the Ukrainian subsidiaries of Russian banks, including PIB, were seized in 2018 by the decision of a Ukrainian court in connection with the statement on securing a lawsuit of a number of companies related to businessman Ihor Kolomoisky, which had assets in Crimea.
The State Executive Service seized Prominvestbank’s shares, after which an auction for their sale was scheduled for August 28, 2019 (the starting price of the package is UAH 532.099 million), however, the PFTS exchange did not receive bids for its purchase within the prescribed period.