Business news from Ukraine

Business news from Ukraine

NOVA Introduces Position of Chief People Officer to Develop International Group’s HR System

The NOVA Group of Companies, which includes Nova Poshta, announced the creation of a new position of Chief People Officer (CPO)—a role responsible for building the management team and developing a unified HR system across the entire international group, according to a post on LinkedIn.

The CPO’s main responsibilities include recruiting top-tier talent for the senior management team, ensuring their onboarding, evaluation, development, and retention; implementing approaches to recruitment, evaluation, development, and retention of employees; and launching an end-to-end system for goal-setting and performance evaluation.

Other responsibilities of the CPO include transforming the HR function into a strategic business partner and establishing a succession planning system for key roles.

It is noted that the company expects the candidate to have more than 10 years of experience in HR in leadership positions at international companies, experience in building N-1 and N-2 management teams with A-class talent, as well as experience implementing HR strategies during periods of growth and change and experience in building a unified management culture across different countries.

In addition, the Nova Post group of companies offers conditions where the CPO will be part of the group’s top management team, reporting to the co-CEOs and the supervisory board, along with a high salary, to be discussed individually based on the results of the interview.

Other benefits include health insurance and other perks provided for the position, with the employment type being a contract and a hybrid work format (Kyiv).

Last week, Nova Poshta co-owner Vyacheslav Klimov announced the group’s five-year plan to rise from 30th place among global express delivery and postal services to the top 20, increasing shipment volume from 0.5 billion to 2 billion, follow the U.S. in entering the Canadian and Chinese markets this year, and double the number of countries where Nova Post Europe operates to 32 by 2028.

The core business of Nova Poshta, the main asset of the NOVA Group, is the express delivery of documents, parcels, and palletized oversized cargo. Its ultimate beneficial owners are Volodymyr Poperechnyuk and Vyacheslav Klimov.

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Nova Poshta launches delivery from US through 6,000 UPS Store locations

Nova Poshta, the leader in express delivery in Ukraine and part of the NOVA group, has entered into a partnership with UPS Store, the leader in the logistics market, to deliver documents or parcels weighing up to 30 kg from the US to Ukraine through more than 6,000 partner locations, the company said in a statement on Wednesday.

“We have taken the next step in developing our presence in the US market by launching deliveries to Ukraine in partnership with UPS,” said Vyacheslav Klimov, co-owner of the NOVA group of companies (Nova Poshta), in a press release.

He noted that Nova Poshta plans to speed up delivery times from the current 7+ days to 5+ days, expand the list of services to include scaled address delivery, and open franchise branches in major cities across the country.

It is noted that the cost of delivery from the US to Ukraine is expected to be $25 for documents and parcels up to 1 kg, $30 for parcels up to 2 kg, $50 for parcels up to 5 kg, $80 for parcels up to 10 kg, $150 for parcels up to 20 kg, and $200 for parcels up to 30 kg.

Insurance is included in the cost for parcels up to $150, while for shipments over $150, a minimum commission of 0.5% is provided. In case of force majeure, the company will refund the sender the estimated value of the shipment in full, according to the statement.

In 2025, Nova Poshta increased its revenue by 21% compared to 2024. The number of parcels and cargo delivered in 2025 increased by 7.4% – from 486 million to 522 million, including international shipments – by 52.6%, from 19 million to 29 million.

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

As of early January 2026, the company’s network had more than 50,000 service points, including 15,900 branches and 34,200 post offices.

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Nova plans to grow fourfold in five years

The Nova group of companies, which includes the express delivery leader Nova Poshta and the financial service NovaPay (TM NovaPay), plans to grow fourfold in five years, according to the group’s co-founder Volodymyr Poperechnyuk.

“We presented our vision for the next five years. We expect to continue expanding globally and plan to grow fourfold during this period,” he wrote on Facebook.

“We have also set ourselves the ambitious goal of becoming one of the top 20 largest postal and logistics companies in the world. Currently, we are only in the top 30,” Poperechnyuk emphasized.

In his opinion, a similar goal could be set for the economy of the entire country, which currently ranks 56th-58th in the world.

“If the goal was to be in the top 20, we would catch up with Poland!” noted the founder of Nova Poshta, adding that he considers such a goal realistic.

He believes that this “does not require ingenious decisions by the authorities, but only that they do not interfere with business,” that they provide economic freedom, in particular through privatization, deregulation, and tax cuts.

As reported, in the first half of 2025, Nova Poshta increased its consolidated net profit by 18.6% compared to the same period last year, to UAH 1.765 billion, and its consolidated net income by 22%, to UAH 29.829 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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Tariffs on Ukrainian goods in US have risen to 10%, and even higher for other countries

Nova Poshta, Ukraine’s leading express delivery service from the Nova Group, has updated its delivery rules to the US due to Washington’s cancellation of the $800 duty-free threshold: the cost of delivery has increased by at least 10% due to the duty applied to goods from Ukraine.

According to a press release from Nova Poshta on Wednesday, if the sender is the payer, customs clearance services are included in the tariff, while if the recipient is the payer, they will have to pay, in addition to 10% of the cost of the shipment, customs brokerage services starting at $25 per shipment upon receipt.

It is noted that the recipient will be sent an email with a link to pay the customs duty and customs brokerage services. Delivery of the shipment will be carried out after payment, and the final amount of customs duty and customs brokerage services will be determined during customs clearance upon delivery in the United States.

The company emphasized that it is important to correctly indicate the country of origin of the goods in the shipment. The 10% duty rate applies only to goods produced in Ukraine. Rates may vary for goods from other countries.

It is also indicated that a technical solution has been developed for Nova Post API users to select the payer of customs duties for the United States.

On the eve of the announcement, Ihor Smelyansky, CEO of Ukrposhta, Nova Poshta’s main competitor, said that his company would also continue commercial mail deliveries to the US after the country introduced a 10% duty on shipments worth up to $800, and delivery rates to the US will increase by an average of $1.5-3.

According to the CEO of Ukrposhta, Ukrainian senders will have an advantage over competitors from most other countries, as the rate for Ukraine is the lowest at 10%, while for EU countries it is 15% and for Switzerland 39%. In addition, most European countries are pausing shipments to the US until the 10% duty collection procedure is settled.

 

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Nova Poshta completed placement of bonds worth UAH 1 bln in August

Nova Poshta, the leader in express delivery in Ukraine and part of the Nova Group, has fully placed its Series H bonds with a total nominal value of UAH 1 billion after the redemption of Series E bonds with the same nominal value on July 30.

The National Securities and Stock Market Commission (NSSMC) approved the relevant bond issue report on August 19, 2025.

The bonds have a par value of UAH 1,000, with 1 million bonds issued without a public offering. No other details of the issue have been disclosed.

In May this year, the NSSMC approved the placement of two new issues of Nova Poshta bonds – series G and H with a nominal value of UAH 1 billion each. The company declared that the funds raised would be used to develop its terminal network (35%), invest in IT (15%), BDF containers and motor vehicles (30%), and packaging for parcels (20%).

In July 2025, Nova Poshta fully placed Series G bonds with a total nominal value of UAH 1 billion.

As of mid-2021, Nova Poshta had obligations under three bond issues of Series E,

“F” and “G” bonds in the amount of UAH 995.82 million maturing on July 30 of this year, UAH 998.45 million maturing on June 1 of next year, and UAH 999.38 million maturing on May 2, 2027. The interest rate on bonds “F” and “G” is 16% per annum. The company already has five redeemed bond issues since August 2020 for a total amount of UAH 3.6 billion.

In the second quarter of 2025, the company increased its unconsolidated net profit by 2.6% compared to the same period in 2024, to UAH 905.45 million, with revenue growing by 22.9% to UAH 12 billion 712.14 million. In total, in the first half of this year, Nova Poshta’s net profit decreased by 19.6% to UAH 1 billion 195.74 million, with revenue growing by 22.1% to UAH 24 billion 571.27 million.

The company’s equity for the first half of 2025 increased by 6.1% to UAH 12.30 billion, while liabilities increased by 2.8% to UAH 20.56 billion.

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

 

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Nova Poshta’s revenue reached UAH 24.6 bln, with 238 mln shipments delivered

Nova Poshta, the leader in express delivery in Ukraine and part of the Nova Group, increased its revenue by 23% in the first half of 2025 compared to the same period in 2024, to UAH 24.6 billion, the company reported on Thursday.

According to the release, the volume of parcels and cargo delivered amounted to 238 million, which is 7% more than in the same period of 2024.

Earlier it was reported that in the first quarter of this year, Nova Poshta increased its revenue by 21.3% to UAH 11.85 billion and delivered 106.6 million parcels and cargoes.

According to the release, 5.9 million international parcels were delivered in the first half of 2025, compared to 10.2 million for the whole of 2024.

In addition, the Nova Poshta branch network grew by 708 locations in the first six months of this year, to 13,985, and the number of parcel terminals increased by more than 4,000 to 28,326, while in mid-2024 there were 12,180 and 18,370, respectively.

It is noted that in six months, NOVA Group companies paid UAH 7.9 billion in taxes and fees in Ukraine, which is 36% more than in the first half of 2024: Nova Poshta – UAH 6.1 billion, NovaPay – UAH 765 million, Nova Digital – UAH 211 million, Nova Global – UAH 94 million.

The company noted that in the first half of 2025, capital investments amounted to UAH 1.9 billion. The funds were allocated to network expansion, modernization of sorting hubs, renewal of the logistics fleet, development of energy independence, and digital solutions, while in the first six months of last year, the company reported UAH 3.6 billion in capital investments.

According to the release, in January-June this year, UAH 983 million was allocated to charity, 1.4 million humanitarian shipments, or 35,700 tons, were delivered, and a total of more than 4.6 million have been delivered since the start of the full-scale invasion.

The main activity of Nova Poshta remains the express delivery of documents, parcels, and palletized large-size cargo.

The company is the leader in express delivery in Ukraine. Its ultimate beneficial owners are Volodymyr Poperechnyuk and Vyacheslav Klimov.

 

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