Business news from Ukraine

Business news from Ukraine

“NovaPay Invest” announced its intention to acquire 100% of shares of BTA Bank

NovaPay Invest LLC, established by the owners of the Nova Group and “Nova Poshta” Vyacheslav Klimov and Volodymyr Poperechnyuk, together with Supervisory Board Chairman Taras Kyrychenko, notified the National Securities and Stock Market Commission (NSSMC) and BTA Bank of their intention to acquire 100% of the bank’s shares.

According to a statement by “NovaPay Invest” published in the National Securities and Stock Market Commission’s (NSSMC) disclosure system on Friday, the company intends to acquire 20 million common registered shares of BTA Bank, representing 100% of its total common shares.
As of the date of the announcement, “NovaPay Invest” and its affiliates do not hold any shares in BTA Bank.

As previously reported, on June 24, “NovaPay Invest” submitted an application to the Antimonopoly Committee of Ukraine requesting preliminary conclusions regarding the need to obtain permission to acquire control over BTA Bank.
The company’s press office declined to comment to the Interfax-Ukraine news agency on what preliminary conclusions the AMCU had provided.

As of early 2026, BTA Bank was 100% owned by Kenes Rakishev, a citizen of Kazakhstan. According to the National Bank, as of September 1, 2026, the financial institution ranked last—59th—among Ukrainian banks in terms of total assets, with 338.49 million UAH. Over the first eight months of the year, the bank reported a profit of 1 million UAH.

Klimov, Poperechnyuk, and Kyrychenko—who had long headed Pravex Bank—each hold a 33.33% stake in NovaPay Invest.
The founders of the Nova Group, which is represented in the financial sector by NovaPay, announced their plans to enter the banking market in March of this year.

In June, the publication “Ekonomichna Pravda” reported that Nova had signed a memorandum with BTA Bank regarding the future acquisition of the institution and the creation of a financial inclusion bank based on it.

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“Nova Poshta” Increased Revenue by 32% in First Half of Year

Nova Poshta, Ukraine’s leading express delivery service and part of the Nova Group, increased its revenue by 32% in the first half of 2026 compared to the same period in 2025—reaching 32.5 billion UAH—while growth in the first half of last year stood at 23%.

According to a press release issued by the group on Tuesday, over the first six months of this year, it increased the volume of processed shipments by 11.5% compared to the same period in 2025: the volume of delivered packages and cargo totaled 254.4 million, including 17.9 million international shipments.
“In the first six months of the year, Nova Poshta expanded its network by 5,242 new service points: 1,362 branches were opened and 3,880 new parcel lockers were installed,” the press release states.

Last year, based on the results of the first half of 2025, Nova reported 238 million parcels and shipments delivered, including 5.9 million international ones, the opening of 708 branches, and more than 4,000 parcel lockers.
The company noted that this year its network has expanded throughout Ukraine, including in frontline territories, where 748 new service points were opened.

“Currently (as of July 13, 2026), the Nova Poshta network comprises 54,700 service points: 16,765 branches and 37,935 parcel lockers throughout Ukraine,” the press release states.
According to the release, the company is also continuing to expand its network of self-service branches, where customers can pick up packages without waiting in line or interacting with an operator. Currently, there are four such branches operating in Ukraine: in Kyiv, Irpin, and Vinnytsia.

It is also noted that Nova Post has continued to scale up and expand: during the first half of the year, 239 new service points were opened in Europe, bringing the total number of Nova Post’s own service points abroad to more than 950. Moldova—with 112 new service points—and Poland—with 80—led the way in terms of expansion in the first half of the year. Additionally, five Nova Post partner pickup points opened in New York in June.

Furthermore, the group noted that amid a full-scale war, it continues not only to develop its infrastructure but also to restore it after damage: since the start of the full-scale invasion, the estimated cost of restoring the group’s property damaged by enemy attacks or as a result of hostilities has exceeded 2.1 billion hryvnias. Throughout the entire period of the full-scale war, Nova Poshta has paid 194 million hryvnias in compensation for damaged or destroyed shipments.

It is also noted that despite enemy attacks, Nova continues to invest in development in Ukraine: in the first six months of 2026, capital investments exceeded 1.5 billion UAH, while last year the group reported 1.9 billion UAH in capital investments for the first half of the year. These funds were allocated to network expansion, enhanced security, fleet modernization, energy independence initiatives, and digital solutions that improve the customer experience.

According to the press release, over the first six months of this year, Nova Group companies paid 9.8 billion UAH in taxes and fees to the Ukrainian budget—a 25% increase compared to the first half of 2025—and donated 950 million UAH to charity, with total charitable contributions exceeding 7.5 billion UAH since the start of the full-scale invasion.
The group specified that as part of the “Nova Poshta Humanitarian” program, over 1.1 million humanitarian shipments were delivered in the first six months of this year—that is, 27,400 metric tons of aid, equivalent to 1,370 trucks, and since the start of the full-scale invasion, this figure has exceeded 7 million shipments.

As previously reported, in 2025, “Nova Poshta” increased its revenue by 21.6% compared to 2024—to 54.2 billion UAH—while net profit rose by 4.4%—to 2.6 billion UAH.
The number of parcels and shipments delivered last year increased by 7.4%—from 486 million to 522 million—including international shipments, which rose by 52.6%, from 19 million to 29 million.

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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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