Business news from Ukraine

Business news from Ukraine

First Varus store in Vinnytsia will open in “PetroCenter” shopping mall

The Varus supermarket chain will open its first store in Vinnytsia on July 3, according to the company’s press office.

The new store is located in the PetroCenter shopping mall (70 Kotsyubynskoho Ave.). It offers everything needed for daily and family shopping: fresh meat and fish, fruits and vegetables, dairy products, baked goods, ready-to-eat meals, and delicacies. The store will feature a VARUS CAFE serving coffee and pizza, a bakery section, a WOK station, self-checkout lanes, and Scan&Go for quick purchases. Customers can also order items on VARUS.UA for pickup at this store at a convenient time.

According to the Ukrainian Council of Shopping Centers, this store is opening on the site of the former “EKO Market” supermarket, which was the chain’s last location in the city.

Varus is a national supermarket chain represented in Ukraine’s grocery retail market by the company “Omega.” The first store opened in 2003 in Dnipro. In 2025, seven new stores were opened. Currently, the total number stands at 119 supermarkets in various cities across 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 28.8 billion UAH. Tax payments to budgets at all levels totaled 1.99 billion UAH, 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.

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“Nova Poshta” Opens Fulfillment Hubs in Vinnytsia and Poltava

“Nova Poshta,” Ukraine’s leading express delivery service and a member of the NOVA Group, announced the opening of two new warehouses at its branches in Vinnytsia and Poltava, which will enable the company to expand its service across Ukraine and speed up delivery by four times.

According to the company’s press release on Tuesday, the investment in launching the mini-hubs, which cover 20 and 30 square meters, exceeded 240,000 UAH.
It is noted that the warehouses began operations at the end of April, with Well Books becoming the first client.

“We are consistently expanding our fulfillment operations in the regions so that businesses can receive a full range of turnkey logistics services: from receiving goods to picking and packing them and shipping them to the final recipient,” the press release quotes Oleksiy Grishin, director of Nova Poshta’s contract logistics department.

According to him, the company’s fulfillment volume grew by more than 50% in 2025. In 2026, Nova Poshta plans to triple these volumes.
Grishin clarified that the company’s goal is to reach over 50 million orders per year by 2030 and build one of the most powerful fulfillment networks in Ukraine.

Nova Poshta noted that it currently operates a total of nine fulfillment centers: three in Kyiv, one each in Lviv, Odesa, and Dnipro, and facilities based at branches in Ivano-Frankivsk, Vinnytsia, and Poltava.
Over the course of the year, the company plans to open 11 more small fulfillment hubs in regional centers based at cargo branches, specifically in Cherkasy, Khmelnytskyi, Zhytomyr, Uzhhorod, Rivne, Lutsk, Zaporizhzhia, Ternopil, Chernihiv, Kropyvnytskyi, and Chernivtsi.

As reported, in the first quarter of 2026, Nova Poshta increased its revenue by 26.9% compared to the same period in 2025—to UAH 14.98 billion—and its net profit by 4.4 times, to UAH 1.28 billion.
In 2025, the company increased revenue by 21.6%—to UAH 54.2 billion—and net profit by 4.4%, to UAH 2.6 billion.

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Vinnytsia-based company Argon Food has installed 114 kW solar power plant

Argon Food, a company specializing in the production of bakery products and the storage and transportation of other food products, has installed a solar power plant with a peak capacity of 114 kW, according to Andriy Ocheretny, deputy mayor of Vinnytsia, on Facebook.

“A solar power plant with a peak capacity of 114 kW was installed on the roof of the enterprise. The station was put into operation at the end of May, and since then, thanks to its operation, the enterprise has covered almost all of its electricity needs,” he wrote on Facebook.

According to Ocheretny, the company has become one of the applicants for participation in the Procedure for partial compensation of expenses for the purchase of equipment used for the production of electricity from renewable energy sources within the city program.

“In the context of blackouts, the transition to ”green” energy is the path to energy independence. This strategic decision helps businesses reduce production costs, retain staff, and create new jobs, while contributing to the sustainable development of the community,” concluded the deputy mayor of Vinnytsia.

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Mayak plant in Vinnytsia has installed 236 kW solar power plant

A large Ukrainian manufacturer of heating devices and equipment for heating systems (TM Termia), JSC Vinnytsia Mayak Plant, has installed its own solar power plant (SPP), according to Andriy Ocheretny, deputy head of the Vinnytsia City Council.

“The SPP was launched on September 19, 2025. A total of 384 solar panels were installed. The peak capacity is 236.16 kW,” he wrote on Facebook on Thursday.

As specified by City Council Deputy Vyacheslav Terlikovsky, the enterprise took advantage of the Vinnytsia City Council’s program to compensate for the cost of equipment from renewable energy sources.

According to him, the installation of the SES was carried out by Promavtomatika Vinnytsia LLC, which will also provide further maintenance.

The Mayak plant, under the Termia trademark, manufactures, among other things, air heating units (heat guns, fan heaters, air curtains), electric convectors, electric boilers, and heating radiators.

According to the company’s annual report on its website, in 2024, its consolidated net profit decreased by 2.4 times compared to 2023, to UAH 7.6 million, and net income decreased by 10%, to UAH 251.6 million.

Ocheretny also reported that an application for compensation from the Vinnytsia City Council for the purchase of equipment for the production of electricity from renewable sources was submitted by PP “Konex,” which specializes in the trade of pharmaceutical products.

“PP Konex now also has its own solar power plant with a total capacity of 60 kW. In total, 108 panels (560 W each) and 20 storage batteries (5.12 kW each) are installed on the roof of the enterprise,” he wrote.

According to its website, the Konex pharmacy chain has more than 200 pharmacies in the Vinnytsia, Khmelnytskyi, Chernivtsi, Cherkasy, Kirovohrad, Zhytomyr, Ivano-Frankivsk, Kyiv, Rivne, Ternopil, and Odesa regions.

According to its report, Konex earned UAH 51.8 million in net profit and UAH 3.5 billion in revenue in 2024.

 

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Afina Group paid UAH 608 mln for 100% of Vinnytsia Pobythkhim shares

Afina Group LLC, whose beneficiaries are Ruslan Shostak and Valery Kiptik, co-owners of the EVA and Varus chains, paid UAH 608.1 million for 100% of the shares of the privatized Vinnytsia Pobythkhim PJSC, according to the press service of the State Property Fund of Ukraine (SPFU).

“Once again, we are seeing a positive outcome of large-scale privatization: a nationalized asset that previously belonged to a Russian business subject to sanctions has returned to the Ukrainian economy. This is a double victory for the state: we are eliminating the influence of the aggressor country and at the same time receiving more than UAH 600 million, which has already been transferred to the budget and will be used for the country’s recovery. Privatization shows that even in the difficult conditions of war, we can attract investment, preserve jobs, and create new opportunities for business and economic development in general,” emphasized Ivanna Smachylo, acting head of the SPFU.

The funds have already been transferred to the budget and will be directed to the Fund for the Elimination of the Consequences of Armed Aggression for the restoration of the country.
As reported, in August, AFINA Group won an online auction for the privatization of the nationalized Vinnytsia Chemical Plant, offering UAH 608.136 million against the initial price of UAH 301.406 million.

Earlier it was reported that on July 31, 2024, the High Anti-Corruption Court (HACC) upheld the Ministry of Justice’s claim to apply sanctions to the Russian JSC Nevskaya Kosmetika in the form of confiscating 100% of the shares of the Ukrainian PJSC Vinnytsia Pobyutkhim to the state.

In July 2022, the seized assets of Vinnytsia Pobyutkhim were transferred to the National Agency for the Detection, Investigation, and Management of Assets Derived from Corruption and Other Crimes (ARMA).
As a result of a competitive selection process held in July 2023, the right to resume operations and become the asset manager was granted to Kraytex-Service LLC, part of the Afina Group. Kraytex-Service later announced that it would invest UAH 400 million in launching production at Vinnytsia Pobyutkhim.

ARMA ceased management of the asset in April 2025 and transferred it to the State Property Fund of Ukraine for further sale. 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. As previously commented to Interfax-Ukraine, the company plans to continue production of these brands after completing all the stages of ownership registration required by law: settlement of accounts and signing of a purchase and sale agreement with the State Property Fund, passing a comprehensive check on the participant’s compliance with the requirements of the law, confirmation of the absence of prohibitions and sanctions, as well as the official transfer of the object to the new owner.

According to data from YouControl, in the first half of 2025, Afina Group LLC increased its revenue by 10.8% to UAH 1 billion 517.25 million, with a net loss of UAH 156.09 million compared to a net profit of UAH 44.01 million in the first half of 2024.

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Alterra Group to build industrial park in Vinnytsia for UAH 6 bln

The development company Alterra Group will build the Formation.Vinnytsia industrial park (IP) based on the Quadruple Helix model, with total investment in the project estimated at UAH 6 billion, the company’s press service told Interfax-Ukraine.

“The Formation.Vinnytsia industrial park is the second project in our Formation series of parks. The first one, which we are implementing in Lviv, has already proven the effectiveness of our model — a full-fledged ecosystem for manufacturers with the integration of the Quadruple Helix Model,” said Alterra Group CEO Dmytro Kovalchuk during the project presentation in Vinnytsia.

As reported, in early 2025, investor Boris Shestopalov of Volia Agri-food Park Vinnytsia (Vinnytsia Industrial Park) brought commercial real estate developer Alterra Group on board as a strategic partner for the construction of the industrial park. According to the OpenDataBot service, Yuparks LLC sold 75% of the authorized capital of Alterra Group LLC.

UPARKS began construction of the industrial park in August 2023. The Volia Agri-Food Park Vinnytsia project received approximately UAH 116 million in state support in 2024.

According to Alterra Group, as of May 2025, roads and sewage systems have already been connected to the industrial park, and a wide highway is currently being laid there. The total investment in the project, which is scheduled for completion by 2029, is estimated at UAH 6 billion.

The area of “Formation.Vinnytsia” will cover 175,000 square meters, where about 50 companies can be located. The Quadruple Helix model provides for cooperation between education, business, government, and society to create innovations. According to this concept, there are plans to create an innovation and technology development center, which will include a prototyping laboratory with professional equipment for creating prototypes, an R&D center for developing new products, and a business incubator for manufacturing startups. The IP is expected to create about 3,500 jobs, and cooperation with universities will allow educational programs to be adapted to the real needs of business.

“We are particularly interested in the development of food processing, the automotive engineering and components sector, and related areas. At the same time, we are open to other industries if their activities fit harmoniously into the overall ecosystem of the park and contribute to mutually beneficial coexistence,” Alterra Group said.

Another feature of the project is that the management company will help residents to export their products thanks to its membership in European chambers of commerce and industry, promising preferential terms for participation in international exhibitions and communication with potential foreign partners. As specified to Interfax-Ukraine, this service will be available to park residents by the end of this year.

The future infrastructure of the ID includes facilities aimed not only at residents but also at the community as a whole. An apart-hotel, a canteen, a gym, a supermarket, a sports ground, a customer center, and a shelter are planned.

Alterra Group LLC was established in 2016 with a statutory fund of UAH 5 million. The ultimate beneficiary is Dmytro Kovalchuk. The company’s portfolio includes nine projects, of which 107,868 square meters have already been commissioned, and 108,900 square meters will be ready in 2025. According to OpenDataBot, in 2024, the company received UAH 236,969,700 in revenue, which is twice as much as in 2023, and reduced its net loss by 1.7 times to UAH 699,300.

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