The national supermarket chain Varus invested approximately 648 million UAH in network expansion, the retailer’s press service told the Interfax-Ukraine news agency.
Capital investments were directed toward opening new stores, modernizing the existing network, developing logistics infrastructure, and increasing energy independence, particularly through the installation of generators and solar panels.
“Our key task is to ensure the uninterrupted operation of stores, maintain liquidity, and ensure the predictability of financial flows even during blackouts, power outages, and logistical disruptions,” said CFO Marina Panina.
The opening of a five-year EBRD hryvnia credit line worth $25 million served as an additional sign of financial stability. The company views this as confirmation of international financial institutions’ confidence in businesses operating in Ukraine amid a full-scale war.
The company also reported that maintaining operational stability amid high uncertainty will remain a key financial priority in 2026. Among the main challenges are unstable power supply, labor shortages, and the impact of military operations on logistics.
Varus is a national supermarket chain represented in Ukraine’s grocery retail market by Omega. The first store opened in 2003 in Dnipro; seven new stores opened last year, bringing the total to 118 supermarkets across various cities in Ukraine. The chain operates in several formats: traditional supermarkets, To Go stores, and the Varus.ua online store.
According to the company, its network’s turnover in 2025 increased by 19.5% to UAH 28.8 billion. Tax payments to budgets at all levels totaled UAH 1.99 billion, which is 13.45% more than in 2024.
According to Opendatabot data, the owner of Omega LLC is the Cypriot company “Viant Enterprises Limited.” Valeria Kiptika and Ruslan Shostak are listed as the ultimate beneficiaries.
The national supermarket chain Varus increased its turnover by almost 20% in 2025, to UAH 28.8 billion, according to a press release on Tuesday, reported by Interfax-Ukraine.
It is noted that the number of stores increased by seven, or 6.3%, to 118.
The company noted that in July 2025, it decided to spin off the Varus.ua business line to implement a new e-commerce strategy and achieved a 97.2% increase in its turnover over the past year. By the end of 2025, the number of users of the mobile app reached about 500,000.
According to the release, the company is implementing a large-scale energy program to install nearly 4,000 solar panels at its network facilities, which will allow stores to cover up to 95% of their energy needs in the summer. The project is expected to pay for itself in approximately two years and will save about UAH 50 million annually.
“The plans for 2026 include equipping 18 more facilities with solar power plants. In addition, all stores in the chain are equipped with generators to ensure uninterrupted operation during power outages,” the release said.
Among the main results of last year was also the receipt in July of the first tranche of a loan from the European Bank for Reconstruction and Development (EBRD) — almost UAH 630 million for the development of the network, increasing business sustainability, and implementing energy-efficient solutions, of which about UAH 30 million went to the opening of its own distribution center (DC) in Dnipro.
In addition, another distribution center was launched in Odesa, and the energy independence of the entire logistics network was strengthened.
Other achievements include the automation of the full cycle of invoices through eDoc, the connection of 80% of suppliers to the system, and a 3.5-fold increase in the volume of electronic invoices over the year.
Varus also specified that it employs more than 8,000 people, and in 2025, the chain invested about UAH 60 million in social initiatives.
Varus is a national supermarket chain represented on the Ukrainian food retail market by Omega. The first store was opened in 2003 in Dnipro. The chain operates in several formats: classic supermarkets, To Go stores, and the Varus.ua online store.
According to Opendatabot, Omega LLC is owned by Cyprus-based Veigant Enterprises Limited. Valery Kiptik and Ruslan Shostak are listed as the ultimate beneficiaries.
Afina Group LLC, whose beneficiaries are Ruslan Shostak and Valery Kiptik, co-owners of the EVA and Varus chains, has officially completed the process of acquiring ownership of PJSC Vinnitsabythim, according to the company’s press service.
After fulfilling the necessary legal conditions of the deal, the enterprise became the property of the company. This completes the lengthy privatisation process of one of the key assets of Ukrainian industry in the field of household chemicals.
As reported, in August 2025, Afina Group won an online auction for the privatisation of the nationalised PJSC Vinnitsabythim, offering UAH 608.136 million against the initial price of UAH 301.406 million.
Afina Group noted that the acquisition of ownership rights to Vinnitsabytkhim is part of a long-term strategy for the development of Ukrainian production. The company sees the enterprise as a key platform for further expanding its portfolio of own brands, launching new products and introducing modern quality standards that meet the requirements of national and international markets.
A separate emphasis in the further development of the plant will be placed on preserving and gradually increasing the number of jobs in the region. The implementation of investment plans provides for the expansion of production capacities, which will create additional opportunities for employment and professional development of specialists.
Afina Group considers the acquisition of PJSC Vinnitsabythim to be a responsible investment step and a contribution to strengthening Ukrainian industry, supporting the country’s economic stability and developing national brands during wartime.
Earlier it was reported that on 31 July 2024, the High Anti-Corruption Court (HACC) upheld the Ministry of Justice’s claim to apply sanctions to the Russian company Nevskaya Kosmetika in the form of a 100% stake in the Ukrainian company Vinnytsia Bytkhim being transferred to the state.
In July 2022, the seized assets of PJSC Vinnitsabytkhim were transferred to the National Agency for the Identification, Search and Management of Assets Derived from Corruption and Other Crimes (ARMA).
Following a competitive selection process in July 2023, Kraitex-Service LLC, part of the Afina Group, was granted the right to resume operations and become the asset manager. Kraitex-Service later announced that it would invest UAH 400 million in launching production at Vinnitsabytkhim.
ARMA ceased management of the asset in April 2025 and transferred it to the State Property Fund of Ukraine for further implementation. According to the National Agency, during the period of management of the seized asset, almost UAH 100 million was transferred to the state budget.
While managing the plant, Afina Group launched production of its own brands, Vuhastyk and Sarmix, at its facilities.
PJSC Vinnitsabytkhim is one of the oldest manufacturers of household chemicals in Ukraine with a long history and significant industrial potential. The company has a tower technology for the production of washing powders, which is unique for the Ukrainian market, a modern laboratory base and a developed production and warehouse infrastructure. The plant is of strategic importance for the household chemicals industry and plays an important role in the industrial development of the region.
Afina Group has been operating in the Ukrainian market for over 20 years and is one of the leading operators in the fields of distribution, logistics and the creation of its own brands. The most famous brands of Afina Group are TM Vuhastyk, TM SARMIX, and TM iFresh. The company serves key national and local retail chains through its own extensive network of branches and distribution logistics centres. Its coverage area includes the whole of Ukraine.
According to data from YouControl, in the first three quarters of 2025, Afina Group LLC increased its revenue by 10.7% to UAH 2 billion 286.125 million, with a net loss of UAH 90.576 million compared to a net profit of UAH 68.525 million in the third quarter of 2024.
Grocery supermarket chain Varus will invest UAH 150 million in the installation of rooftop solar power plants (SPP) at 48 of its 115 facilities, the Ukrainian Council of Shopping Centers (UCC) has reported.
According to the report, the total capacity of the SPP will reach 4.8 thousand kWh, which will generate more than 5 million kW of electricity per year. The payback period of the project is estimated at two years.
The planned generation will amount to 21% of the annual consumption of supermarkets, with annual savings of UAH 50 million. It is noted that the company has chosen the model of direct consumption of generated energy due to the high cost of storage systems. The SPP will cover 95% of supermarkets’ electricity needs during the day.
The company plans to further expand the project to the entire supermarket chain and explore the possibility of installing gas diesel generators.
As reported, the European Bank for Reconstruction and Development (EBRD) has issued a $25 million loan to Varus for the reconstruction and modernization of equipment in existing stores, lease of a new warehouse, and installation of a solar power plant to reduce dependence on the grid.
Varus is a national supermarket chain represented on the Ukrainian grocery retail market by Omega. The chain’s first store was opened in 2003 in Dnipro, and the total number of its stores is 114 in different cities of Ukraine, including a DarkStore in Kyiv. The chain operates in several formats: classic supermarkets, To Go stores and the online store varus.ua.
According to Opendatabot, the owner of Omega LLC is Cyprus-based Weigant Enterprises Limited, with Valeriy Kiptyk and Ruslan Shostak listed as the ultimate beneficiaries.
According to the company’s financial results for 2024, its revenue increased by 14.3% compared to the previous year and amounted to UAH 20 billion. The company’s net profit decreased by 80.9% to UAH 38.2 million.
The European Bank for Reconstruction and Development (EBRD) is providing the VARUS Group retail chain with a $25 million loan to expand its retail operations and improve business sustainability, according to the EBRD press service.
This food security project, with a total value of $53.1 million, will receive a 22% first loss risk coverage provided by the EU under the Investment Facility for Ukraine (UIF) through the Municipal, Infrastructure and Industrial Resilience (MIIR) program. To date, the EU has allocated EUR 207 million in guarantees and grants to Ukraine through the EBRD under the Ukraine Investment Facility (UIF), 87% of which has been provided to the private sector.
The guarantee for Varus plays a crucial role in mitigating the heightened macroeconomic and geopolitical risks associated with the investment. The support is provided in recognition of the project’s alignment with the bank’s Green Economy Transition (GET) approach through energy-efficient modernization, the installation of renewable energy sources, and the improvement of sustainable logistics. It includes the installation of solar panels, high-efficiency lighting, and reversible split air conditioning systems with low global warming potential.
VARUS Group is the fifth largest food retail chain in Ukraine. The chain consists of 114 stores, most of which are located in the eastern part of the country, employing around 7,500 people. Despite the closure of some retail outlets due to the war, the group has opened new stores and been able to return to its pre-war size. The EBRD loan will enable further expansion of the VARUS network, the refurbishment and modernization of equipment in existing stores, the lease of a new warehouse, and the installation of photovoltaic systems to reduce dependence on the electricity grid.
Cooperation with the EBRD will help preserve Ukraine’s human capital and the livelihoods of workers despite the ongoing challenges of wartime through technical cooperation. The project will also benefit from a co-investment grant to optimize warehouse logistics, improve energy efficiency, and address urgent human capital needs.
Technical support is funded by the EBRD’s Multilateral Donor Fund “Action for Equality and Gender Equality” (A4EG), while project preparation and the co-investment grant are funded by the Japan-EBRD Cooperation Fund.
In January-June 2024, Varus supermarket chain paid UAH 700 million in taxes and fees to the state budget, the retailer’s press service reports.
“Every hryvnia of taxes paid to the state budget is another brick in building a strong economy of Ukraine. We are grateful to all the customers of Varus supermarkets, thanks to whom we continue to work and contribute to the support of our country,” comments Marina Panina, CFO of Varus.
In the first three quarters of 2024, Varus opened new stores in Pokrov, Zaporizhzhia, two in Odesa and renovated the store in Kryvyi Rih.
The release notes that the expansion of the network and the opening of new stores allows Varus to create and provide jobs for Ukrainians in different regions. The company pays special attention to internally displaced persons. First of all, the company helped evacuate and provided new jobs to its employees from the regions where active hostilities are ongoing. The IDPs are employed in all cities where the chain has stores. In the city of Dnipro alone, more than 500 IDPs have been employed in the chain’s stores.
In 2023, Varus paid UAH 1.1 billion in taxes and fees to the state budget.
