Business news from Ukraine

FOUNDERS OF NOVA POSHTA BECOME INVESTORS IN CO-WORKING SPACE

The founders of Nova Poshta, Viacheslav Klimov and Volodymyr Popereshniuk, have become investors in the Kooperativ co-working space, which was opened at the end of 2019 in Kyiv’s Paladis business center at 23 Sichovykh Striltsiv Street (in the building of the former book factory Zhovten).
The creators of the project are Andriy Fedoriv, the founder of Fedoriv Group and Fedoriv Agency, Vasyl Grogol, the founder of Bursa hotel, and an entrepreneur from France.
“Somehow at the beginning of summer, the guys came to a meeting at Fedoriv Agency and saw how cool the completed Kooperativ had turned out. We started a long conversation, the result of which was the decision – Slava and Volodia will acquire part of the project’s shares and join Vasyl Grogol and me as partners,” Fedoriv wrote on his Facebook page.
According to him, in the future, the partners will work on the development of the Kooperativ co-working space together.
“The first step will be the integration into Kooperativ of our legendary space in the Arena [Arena City business center] with an area of about 1,000 square meters. Fedorivhub will become Kooperativ Hub from September 1, and the former Fedoriv office will become a co-working space for about 100 residents … Despite a difficult year, it shows good results and as an operating company we are already expanding,” Fedoriv said.

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NOVA POSHTA GLOBAL LAUNCHES REGULAR FREIGHT FLIGHTS KYIV-BEIJING-KYIV

Nova Poshta Global (NPG), part of the Nova Poshta Group, due to growth of demand for international transportation has increased the number of direct flights with China and launched two weekly Kyiv-Beijing-Kyiv flights, the press service of Nova Poshta reported on Monday.
“Now the Chinese direction is one of the most promising in international trade. In May, we delivered almost 2.5 times more orders from Chinese online stores than in April. Therefore, we decided to charter another additional direct flight on an ongoing basis. Now twice in a week we deliver goods to both individuals and companies importing from China. An increase in flights will provide our customers with guaranteed delivery times, because you don’t have to wait for the right “window” for additional loading,” the press service reported, citing Nova Poshta Global CEO Yuriy Benevytsky.
The company said that in total more than 520,000 items were delivered from abroad in May – almost twice as much as in April. This is due to an increase in demand for transportation of goods for business customers and an increase in the number of orders in international online stores.

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NOVA POSHTA MOLDOVA OPENS FIRST BRANCHES IN CHISINAU

Nova Poshta Moldova, a member of the Nova Poshta group of companies, opens the first two branches in Chisinau.
According to the press service of the group of companies, in particular, branch No. 1 carries out accepting and issuing items without restrictions on weight.
Branch No. 2 accepts and issues items weighing up to 30 kg.
The branches will be open from 09:00 to 21:00 from Monday to Saturday. All company services will be available to customers: sending and receiving domestic and international goods and parcels, and one can also use the packaging service. In the future, the range of services will expand.
By the end of the year, the company plans to expand the network of branches in Chisinau, and with good experience, to expand to other regions of the country.
Nova Poshta Moldova, along with Nova Poshta Georgia, NP Logistic, POST FINANCE and Nova Poshta Global, is part of the Nova Poshta group of companies.
Nova Poshta, founded in 2001, is the leader in the express delivery market in Ukraine. The network of the company exceeds 3,300 branches throughout the country.

NOVA POSHTA GLOBAL STARTS REGULAR AIR DELIVERY FROM/TO UNITED STATES, CHINA

Nova Poshta Global (NPG), a member of Nova Poshta group of companies, launches scheduled flights from/to the United States and China.
The company’s press service said on Tuesday that flights by the order of Nova Poshta Global will be operated several times a week and deliver both parcels from Ukraine and purchases made by Ukrainians in online stores of these countries.
Together with partners, the company has already launched six scheduled flights, namely, five flights to/from the United States and one to/from China. Four flights in the direction of Warsaw-New York-Warsaw are operated by European airlines Lufthansa and LOT, and one weekly direct flight Kyiv-New York-Kyiv of Ukraine International Airlines (UIA). Nova Poshta Global launched another weekly flight to/from China in cooperation with the Ukrainian company SkyUp.
“We launched scheduled flights with our regular partners Lufthansa, LOT and UIA, and last week we began cooperation with Ukrainian airline SkyUp. The first flight of this airline has already delivered 1,801 parcels for our customers with a total weight of 17 tonnes, including both individual orders and commercial goods. This is only part of the parcels that Nova Poshta Global delivers to Ukraine from China weekly. We deliver on average about 25,000 parcels weighing more than 38 tonnes per week from the United States,” the press service said, citing Nova Poshta Global CEO Yuriy Benevytsky.
According to Nova Poshta Global, orders from the United States increased by 4.7 times in the first quarter of 2020 compared to the same period in 2019, which was due to cooperation with the American online store iHerb, namely, some 230,000 parcels with a total weight of 360 tonnes were delivered from that store for the first quarter of 2020.
According to the data provided, the number of deliveries of NP Shopping service has also increased in particular some 81,000 parcels were delivered in the first quarter, which is 32% more than in the same period in 2019.
However, the company’s customers began not only to order more from abroad, but also to send abroad. Thus, for the first quarter of 2020, the volume of export shipments of individuals increased by 12%, and business customer shipments doubled compared to the same period in 2019. Almost 78% are parcels and goods, some 12% are documents.
Nova Poshta Global (formerly Nova Poshta International) has been providing international express delivery services since 2015, and is part of the Nova Poshta group of companies. Nova Poshta Global is developing the NP Shopping service – the delivery from online stores in the United States, China, Britain and Poland, provides import and export services for businesses and the ability to ship from any Nova Poshta branch to most countries of the world.

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NOVA POSHTA STARTS PLACING BONDS FOR UAH 700 MLN

Nova Poshta, the leader in express delivery in Ukraine, started placing B series bonds for UAH 700 million on May 11.
The corresponding bond issue was registered by the National Securities and Stock Market Commission on May 7, 2020.
The bonds were issued for a period until February 17, 2023 with a coupon rate of 16% and a periodicity of payments four times a year. The placement period is from May 11 to July 10, 2020.
As reported, in 2020 the company intends to invest $100 million in its development.
In February-April 2019, Nova Poshta carried out a closed placement of bonds in the amount of UAH 300 million at 22% per annum with maturity until August 22, 2020. Funds from the placement of bonds were used to modernize the infrastructure and the network of the issuer’s branches.
Nova Poshta, founded in 2001, is a leader in the express delivery market in Ukraine. The company’s network consists of more than 6,000 branches throughout the country.

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NOVA POSHTA LAUNCHES DELIVERY OF MEDICAL GOODS FROM DOC.UA

The Nova Poshta Group launches delivery of medical goods from the DOC.ua online medical service to its offices, automated parcel lockers and directly to customers.
The company said in its press release disseminated on Friday that Nova Poshta will deliver medicines, which are remotely recommended by doctors on the DOC.ua hub and can be ordered on the website in the Pharmacy section.
“Under conditions of the quarantine and the penetration of contactless services in all spheres of our life, demand for qualified medical online consultation is growing. When one is unable to visit a clinic, remote communicational with a doctor is in fact the only reliable way to receive aid. This is a positive trend which shows that Ukrainians care about their health: they trust specialists and prefer them to self-treatment. On our behalf we support this important initiative of DOC.ua with timely delivery of medicines,” the press service quoted Nova Poshta CEO Oleksandr Bulba as saying.
DOC.ua said that the service was developed as an alternative to self-treatment. Doctors cannot prescribe treatment or medicines, but only recommend. Patients on their own add medical goods to the chart in the Pharmacy section.
The DOC.ua service, which is a part of EFI GROUP, is a medical online hub founded in 2014. Its base currently includes more than 10,000 doctors and 1,500 medical institutions in Ukraine.
Alfa-Bank raises UAH 660 mln of UAH 2.4 bln of NBU’s first refinancing for five years
KYIV. May 15 (Interfax-Ukraine) – On May 8, Alfa-Bank (Kyiv) took part in the first tender of the National Bank of Ukraine (NBU) for refinancing to banks for a period of one to five years and raised UAH 660 million for five years on security of domestic government loan bonds issued with the aim of supporting the economy, the bank said in a statement on its website on Thursday, May 14.
“Alfa-Bank Ukraine will use the raised funds to develop its loan support for businesses, which currently need a long-term financial resource to restore their active operation as soon as possible after lockdown restrictions are removed,” the bank’s press service said.

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