Business news from Ukraine

Business news from Ukraine

170 employees aged 18-22 left Nova Poshta in 10 days, says co-founder

The number of employees aged 18-22 who have left Nova Poshta, Ukraine’s leading express delivery company, over the last 10 days after being granted permission to leave the country has reached 170, while 64 new employees have been hired, resulting in a net outflow of 106 employees, according to the company’s co-founder Volodymyr Poperechnyuk.

“This is not a significant problem for the company. After all, ten days is not enough for serious analysis – we will look at the results in a month or two. One thing is clear: competition for employees will increase. And that’s a good thing,” Poperechnyuk wrote on social network X, supporting the decision of the president and the government to open the border for 18-22-year-olds subject to military service.

He stressed that human resources are the most scarce in the economy, and this forces businesses to constantly raise salaries, improve conditions, and fight for every employee.

The co-owner of Nova Poshta added that restoring freedom of movement for men aged 18-22 is the right decision both for ethical reasons, since human freedom is a fundamental value, and for economic reasons, since freedom is always a guarantee of development.

“Yes, some young people will leave, especially those who are about to turn 23. But at the same time, it opens the door for thousands of young people to return to the country. Now, 18-22-year-olds will be able to freely cross the border in both directions. And most importantly, the outflow of 17-year-old boys will decrease. I think this was the key motivation for officials,” Poperechnyuk believes.

The article does not provide the total number of Nova Poshta employees aged 18-22, but in May 2025, the company informed the European Bank for Reconstruction and Development of its planned reduction of about 2,900 employees, which is less than 10% of the total number.

Forbes Ukraine recently reported that at Silpo, which employs about 3,000 people aged 18-22, the number of resignations has increased significantly but does not exceed 3%.

 

, ,

Nova Poshta increased its consolidated net profit by 18.6%

Nova Poshta, the leader in express delivery in Ukraine and part of the Nova Group, increased its consolidated net profit by 18.6% in the first half of 2025 compared to the same period last year, to UAH 1 billion 765 million, while consolidated net revenue increased by 22% to UAH 29.829 billion.

According to the company’s report published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the company’s gross profit increased by 19% compared to the same period last year, to UAH 7 billion 205 million. Operating profit, according to the consolidated report, increased by 17% to UAH 3.72 billion.

Earlier it was reported that in the second quarter of 2025, Nova Poshta increased its unconsolidated net profit by 2.6% compared to the same period in 2024, to UAH 905.45 million. According to the company’s reports on its website and in the NSSMC information disclosure system, revenue in the second quarter increased by 22.9% to UAH 12.71214 billion. In the first half of this year, Nova Poshta’s net profit decreased by 19.6% to UAH 1 billion 195.74 million, while revenue increased by 22.1% to UAH 24 billion 571.27 million, according to the published data. It was noted that gross profit for the first half of the year increased by 30.8% to UAH 5 billion 55.3 million, while operating profit increased by 45.6% to UAH 2 billion 443.82 million.

As of mid-year, Nova Poshta had obligations on three bond issues of series “E”, “F” and “G” series bonds, respectively, in the amount of UAH 995.82 million with maturity on July 30 this year, UAH 998.45 million with maturity on June 1 next year, and UAH 999.38 million with maturity 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 August 2025, the company fully placed 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 main activity of Nova Poshta remains the express delivery of documents, parcels, and palletized large-sized cargo. The company is the leader in express delivery in Ukraine. Its ultimate beneficial owners are Volodymyr Poperechnyuk and Vyacheslav Klimov.

 

,

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.

 

, , ,

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.

 

, ,

Varus.ua increased its turnover by 1.6 times thanks to delivery by Nova Poshta

Varus.ua’s turnover through Nova Poshta delivery in the first half of 2025 increased by 1.61 times compared to the same period in 2024, and the supermarket chain’s revenue increased by 18.1%, according to the chain’s press service.

“The online segment showed strong results in the first half of 2025. The market share and turnover of the Varus.ua conscious shopping service doubled compared to the same period last year,” said Oleg Spirin, e-commerce director at Varus.ua.

The frequency of purchases on Varus.ua grew by 10%, and the average check by 15%.
It is noted that in the first half of the year, the number of website users increased by 20%, and app users by 90%.

According to the company, the turnover of the Varus supermarket chain grew by 18.1% compared to the first half of 2024. Three new stores were opened: one in Odesa and two in Kyiv. One of the capital’s supermarkets was implemented in the Varus Home “near home” format, which became the second facility of this format in the chain.

The total number of Varus supermarkets is 115.
In 2025, Varus will launch four new brands. Currently, the chain has 14 private labels, according to a press release. Private labels account for 10.5% of the chain’s total turnover.

In the first half of the year, Varus hired 2,009 new employees. According to the press service, in July, young people aged 17 and older accounted for 7% of the total number of new employees.

According to a press release, in July, Varus received the first tranche of a loan from the European Bank for Reconstruction and Development—almost UAH 630 million out of a total loan amount of over UAH 1 billion. The remaining funds will be received by the end of the year as part of a UAH 2.2 billion food security project.

“The funds received will be used to expand the network, increase business resilience, and implement energy-efficient solutions as part of the Green Economy Transition (GET) approach. Varus plans to install solar panels, modernize lighting, introduce reversible split air conditioning systems, and develop stable logistics,” the company said, noting that solar power systems have already been installed at 21 supermarkets in the chain.

Varus is a national supermarket chain represented on the Ukrainian grocery retail market by Omega. The first store in the chain was opened in 2003 in Dnipro, and there are now 115 supermarkets in various cities across Ukraine and a DarkStore in Kyiv. The chain operates in several formats: classic supermarkets, To Go stores, and the Varus.ua online store.

According to Opendatabot, the owner of Omega LLC is the Cypriot company Veigant Enterprises Limited. The ultimate beneficiaries are listed as Valery Kiptik and Ruslan Shostak.
According to the company’s financial results for 2024, its revenue increased by 14.3% compared to the previous year, to UAH 20 billion. Net profit decreased by 80.9% to UAH 38.2 million.

, ,

Nova Poshta increased its net profit by 2.6%

Nova Poshta, Ukraine’s leading express delivery company, increased its unconsolidated net profit by 2.6% in the second quarter of 2025 compared to the same period in 2024, to UAH 905.45 million.
According to the company’s reports on its website and in the NSSMC’s information disclosure system, revenue in the second quarter grew 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, while revenue increased by 22.1% to UAH 24 billion 571.27 million.
It is noted that gross profit for the first half of the year increased by 30.8% to UAH 5 billion 55.3 million, while operating profit increased by 45.6% to UAH 2 billion 443.82 million.

The lower net profit is due to the fact that in January-June last year, Nova Poshta received UAH 1 billion 340.82 million in other financial income, while in the same period this year, it received UAH 341.15 million, but at the same time increased its income tax payments to UAH 227.01 million from UAH 83.43 million.

The report also states that at the end of May, the company decided to issue a new four-year series H bond issue for UAH 1 billion with a nominal yield of 16% in the first year and UIRD+3 percentage points in the following three years.

As of mid-2019, Nova Poshta had obligations under three bond issues of series “E,” “F” and “G” for UAH 995.82 million maturing on July 30 this year, UAH 998.45 million maturing on June 1 next year, and UAH 999.38 million maturing on May 2, 2027.

The company’s bank liabilities as of the middle of this year decreased to UAH 6 billion 388.72 million from UAH 6 billion 635.01 million a quarter earlier.
The main activity of Nova Poshta is 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.

,