One of the priority areas for investment by Kyivstar, Ukraine’s largest mobile operator, is currently renewable energy sources (RES), in particular solar and wind energy, as well as energy storage systems, according to the company’s CEO, Alexander Komarov.
“We want to somehow reduce the risk of electricity supply and the risk of price increases, which is the fastest growing element of our operating costs,” Komarov said during a discussion at the Ukrainian House in Davos on the sidelines of the World Economic Forum, according to a correspondent from Interfax-Ukraine.
According to the CEO, the company is also interested in the e-commerce category and is currently looking for suitable offers.
At the same time, Komarov stressed that Kyivstar plans to strengthen its presence in every area in which the company operates.
In the third quarter of 2025, Kyivstar served 22.5 million mobile subscribers, which is 3.6% less than in the previous year, while the number of 4G customers increased by 2.4% to 15 million.
In the third quarter of 2025, the company’s EBITDA was UAH 7.1 billion, which is 21.5% more than in the third quarter of 2024, and in dollars, the growth was 20.4% to $171 million.
The main shareholder of Kyivstar Group, with an 89.6% stake, is the telecommunications holding company VEON, which was its 100% owner before Kyivstar was listed on the stock exchange.
From January 19-22, Ukraine House Davos 2026 is operating in Davos, co-organized by the Victor Pinchuk Foundation, the Ukraine-Moldova American Enterprise Fund, and Horizon Capital.
In 2022-24, omnichannel retailer Foxtrot expanded its network from 90 to 124 stores, the company’s press service reports.
“Since February 24, 2022, the company has chosen a development strategy: to continue working, support the economy, organize the processes inherent in peacetime, taking into account the security component of wartime, and help the defenders of Ukraine. The events of the last three years have only strengthened the company, made us more flexible, adaptive to daily challenges and accelerated the process of implementing changes and innovations as much as possible,” said Oleksiy Zozulya, CEO of the retailer.
“Foxtrot continued to expand and renovate its existing stores (including after enemy missile attacks), paying attention to barrier-free and inclusive environment. Thus, while the company operated 90 stores in March 2022, as of the beginning of 2025, the chain has 124 retail outlets in 66 cities, including Kherson, Sloviansk and Kramatorsk. The company was the first in the electronics market to launch a sign language service for deaf people, which operates in 30 stores on Foxtrot.ua and continues to scale. In addition, as part of the development of barrier-free accessibility, the company has started adapting the retail space in its stores.
The company has paid almost UAH 1.9 billion in taxes since the beginning of the full-scale war, including almost UAH 1 billion in 2024. Considerable attention is paid to e-commerce, with the turnover of the Foxtrot.ua online store growing by 42% last year.
The retailer’s most significant social initiative is systematic direct assistance to the Ukrainian Defense Forces. Currently, the total amount of equipment donated by Foxtrot to the defenders is over UAH 43.5 million, which includes 8882 units of equipment. As part of the campaign, Foxtrot together with the Aerorazvidka NGO raised almost UAH 700 thousand to train the military in IT tools. To support children affected by Russian aggression, the Give a Piece of Goodness campaign continues. As part of the project “Eat to Support Indestructible Animals”, we purchased UAH 2 million worth of food, medicines, and kennels for residents of 63 shelters.
“Foxtrot is one of the largest omnichannel retail chains in Ukraine in terms of the number of stores and sales of electronics and household appliances. The company operates 124 stores in 66 cities, including the frontline cities of Kherson, Kramatorsk and Sloviansk, an online platform Foxtrot.ua and a mobile application of the same name.
According to Opendatabot, the net income of FTD-Retail LLC (Kyiv), which develops the chain, amounted to UAH 9.9 billion in 9M2024, with a net loss of UAH 110 million.
The Foxtrot brand is developed by the Foxtrot group of companies. The co-founders are Valery Makovetsky and Gennady Vykhodtsev.
The Ukrainian drogerie chain EVA (Rush LLC) plans to expand its e-commerce logistics capacities after acquiring a warehouse in Brovary from Dragon Capital, the chain’s press service reports.
According to the report, the acquisition of the facility of the subsidiary SC Omega-1 Logistic in Brovary is due to the rapid expansion of e-commerce, which means an increase in the range and number of orders in the EVA.UA online store.
“Starting from the third quarter of this year, we plan to start re-equipping the facility acquired from Dragon Capital. In 2026, we plan to move our warehouse there, which will serve the EVA retail network in the central regions of Ukraine,” Olha Shevchenko, Executive Director of Rush LLC, said in a statement.
According to her, EVA’s own distribution center in Kyiv region with a total area of 43 thousand square meters is divided into a warehouse for the retail network (22 thousand square meters) and e-commerce (21 thousand square meters). After the re-equipment of the acquired warehouse with the area of 19.1 thousand square meters, the company plans to fully dedicate its distribution center to e-commerce.
The acquisition of the asset near the existing warehouse will also allow the company to keep its team in Brovary, Shevchenko said.
As reported, the Antimonopoly Committee of Ukraine granted permission to Rush LLC to acquire SC Omega-1 Logistic in January 2024. The sale was completed in February.
Rush LLC, which manages the EVA network, was founded in 2002. At the end of 2024, the chain had about 1080 operating stores.
According to Opendatabot, the owner of Rush LLC is Cyprus-based Incetera Holdings Limited (100%), with Ruslan Shostak and Valeriy Kiptyk as the ultimate beneficiaries.
According to the results of three quarters of 2024, Rush’s revenue amounted to UAH 19.2 billion and net profit amounted to UAH 1.2 billion. In 2023, the company’s revenue increased by 33.7% to UAH 21 billion compared to 2022, while net profit increased by 26% to UAH 2.2 billion.
Retail turnover in Ukraine in 2020 increased by 12.7% compared to 2019, which is associated with significant growth in the e-commerce segment and high domestic demand, the press service of CBRE Ukraine said.
The 2020 retail real estate market survey reports that in 2020 Ukraine recorded impressive annual sales growth rates in the e-commerce segment. According to Euromonitor International, the e-commerce segment achieved 8% of annual retail turnover, up 45% from 2019.
“Thanks to this significant growth in e-commerce, more and more retailretailers are focusing on the development of omnichannel commerce to compete with online platforms,” Radomyr Tsurkan, Managing Partner of CBRE Ukraine, said
A significant number of international brands such as Colin’s, IKEA, Miniso, Massimo Dutti, Uterqüe, Stradivarius and Pull & Bear launched online stores during 2020. Groceryretailer ATB launched its first online store during the lockdown and introduced a new click & collect service, which allows you to pick up groceries from the store after an online purchase.
The expert also noted the oncoming transfer from online to offline: some e-commerce websites (Rozetka, Makeup) actively opened click-and-mortar stores to complement the online experience for customers who want to check the goods live before buying.
“E-commerce will continue to expand towards multichannel retail, driven by a sharp increase in consumer dependence on online shopping during 2020. Rapid improvements in delivery services are also driving the expansion of online stores,” he commented.
According to the expert, with increasing competition, more and more e-commerce players will open and expand stores or points of delivery in order to improve or complement the online customer experience with a physical or offline experience. More traditionalretailers are also expected to focus on developing online platforms to keep up with consumer habits.
CBRE is the world’s largest commercial real estate consultancy and investment firm, with 2020 revenues of $ 23.8 billion. The company is one of the 500 largest companies in the world according to the Fortune 500 ranking (128th in 2020).
The volume of Ukrainian e-commerce exports in 2020 increased by 30% and amounted to $450 million, while the majority of Ukrainian e-commerce platforms are designed exclusively for the local consumer, according to a study of the Ukrainian e-commerce market conducted by Soul Partners, Baker Tilly Ukraine and Aequo at supported by USAID.
“Prospects for the development of the export potential of e-commerce remain at a relatively low level. According to the results of the survey, over 85% of respondents declared the absence of export operations using e-commerce, while the majority of the interviewed entrepreneurs are extremely interested in the development of e-exports,” Partner and Advisory Practice Leader at Baker Tilly Ukraine Andriy Kaliushenko said.
According to the study, Ukrainian electronic exports are mainly represented through international platforms such as Amazon, Ebay and Etsy, while most Ukrainian platforms do not provide the possibility of export operations or international delivery.
The largest importer of Ukrainian goods at the end of the year was the United States, which share was 33% of the total Ukrainian e-commerce export. In second place is Russia (16%), followed by the U.K., Germany and Canada (4-7%). At the same time, a third of export operations in Ukraine falls on Kyiv, 10% on Kharkiv, and 8% on Dnipro. Products from the categories of food products, clothing and medicines dominated in the structure of export sales.
By the end of 2020, Ukrposhta became the largest logistics operator of international parcels (65% of the total number of parcels).
According to the authors of the study, the main obstacle to the development of e-commerce export is the non-recognition of Ukrainian certificates of conformity in the EU.
“The implementation of the Association Agreement by Ukraine and the mutual recognition of electronic signatures with the EU countries would have contributed to the integration of markets,” Partner and of Head of M&A at Aequo Hanna Babych said.
In addition, the entry of global e-commerce players into the Ukrainian market and the expansion of PayPal’s functionality could increase the potential of e-export, according to the study.
The volume of the e-commerce market in Ukraine in 2020 grew by 41% and reached $4 billion, which is 8.8% of the total retail trade, follows from a study by Soul Partners, Baker Tilly Ukraine and Aequo with the support of USAID.
According to the study, the Ukrainian e-commerce market has tripled in the past five years and has the potential to double in the next five years.
According to the material, the share of e-commerce in Ukraine’s GDP is 2.6%. At the same time, Ukraine has a low level of spending on e-commerce per year in comparison with other countries – about $104, which is explained by the low purchasing power of the population.
The most developed sectors of e-commerce in Ukraine are electronics and clothing, but every year the share of electronics is decreasing due to the growth of other categories, the study notes.
Thus, the volume of e-commerce in clothing over 2020 amounted to $291 million, the share of online sales in the structure of retail trade in clothing was 6.8%. According to the forecast, this figure will reach 10% by 2023. The most visited online clothing stores in 2020 were Shafa (105.1 million visits), Klubok (35.1 million) and Kloomba (34.9%).
According to the research, food has become a relatively new category with a significant growth potential in the Ukrainian e-commerce market, which also includes ready-to-eat food delivery services. Thus, the volume of e-commerce in products last year amounted to UAH 150 million.
The volume of e-commerce of furniture in Ukraine last year amounted to $69 million and occupied 9.2% in the structure of retail trade. This category of trade is forecast to grow 1.7 times over the next three years. The most visited online stores last year were Jysk (18.2 million), Taburetka (8.6 million) and MebelOk (6.7 million).
Most of the purchases on the Internet are made by Ukrainians on marketplaces (63%), the rest – in specialized online stores. The largest marketplaces in Ukraine are Rozetka, Prom, Allo, Bigl and Epicentr.
