Ukrainian businesses continue to expand despite the war: What new shops and restaurants opened in Ukraine last week? Retailer Varus returned to the development of its network in the Kyiv region, and on November 2 the company opened its first supermarket in the Varus Home format in Bilogorodka. The new store became t... #BusinessDevelopment #FastFoodMarket #KFC #Silpostores #ukrainianbusiness #Varus
Ukraine records a business boom despite the war, but challenges remain. One in six Ukrainian entrepreneurs started their current business after the start of the full-scale war. As well, 66% of them had no previous business experience, according to the Mastercard SME Index... #BusinessDevelopment #BusinessExpectation #UkraineEconomy #UkraineExport #ukrainianbusiness
A Ukrainian household goods market leader has resumed product deliveries to Central Asia. After a long pause, Biosphere Corporation, one of the largest in Ukraine in the household goods market, has relaunched its business in Uzbekistan. In the week since the first shipment, eight of the la... #Biosphere #BusinessDevelopment #HouseholdGoods #Uzbekistan
Despite their proximity to the front, Interpipe and Nibulon continue to invest in capacity expansion. According to Interpipe’s top manager Denys Morozov, the company is opening a new heat separation plant in Nikopol, investing $40M, and has many more plans for the future. The company’s pro... #BusinessDevelopment #Interpipe #investments #nibulon #Nikopol
One of the oldest players in the Ukrainian fast-food market is investing $6M to expand its network. After a pause of almost 2.5 years, Puzata Hata has resumed the expansion of its chain of restaurants. During 2024, it will grow by at least six facilities, investing $1M in each. The Ukrainian restaur... #BusinessDevelopment #FastFoodMarket #investments #PuzataHata #Restaurants
Transcarpathia is turning into an economic hub; what makes the region attractive for businesses? As of July, more than 80,000 entrepreneurs worked in Zakarpattia Oblast. During the war, the number of entrepreneurs has increased by more than 6,000, which indicates favorable conditions for economic... #BusinessDevelopment #BusinessRelocation #SupportBusiness #Transcarpathia #UkraineEconomy #ukrainianbusiness
One of Ukraine’s largest woodworking enterprises exports products for French winemakers and has continued to develop during the war. Wood International from Khust (Transcarpathia region) manufactures oak rivets (a barrel fastening component) and alternative products for aging wine, spirits, and beer. The primary sales market for th... #BusinessDevelopment #OakRivets #Transcarpathia #ukrainianbusiness #WoodInternational
The largest mineral water producer has announced record sales growth of over 100%. The shipment volume of drinks and waters from IDS Ukraine brands (producer of mineral waters Morshynska and Myrhorodska) increased to 5.4 million bottles per day to a new record for the company. Previ... #BusinessDevelopment #IDSukraine #MineralWaters #UkraineEconomy
Ukrainian farmers have received ₴62.9B in loans since the beginning of the year, and banks have received ₴38B in loan applications for energy infrastructure restoration projects. Since the start of the year, 9,075 farmers have received ₴62.9B in bank loans. Farmers from the Kyiv, Dnipropetrovsk, Cherkasy and Kirovohrad regions received the largest loans under various programs.... #AffordableLoans #AndriiPyshnyi #BusinessDevelopment #LoansforBusiness #SupportBusiness #Ukrainianfarmers
Ukrainian small and medium-sized businesses strive to develop abroad to maintain efficiency. Faced with an increasing number of macroeconomic challenges, small and medium-sized businesses (SMEs) in Ukraine are resorting to using artificial intelligence technologies, supplier diversification, ... #BusinessDevelopment #ForeignMarketsForUkraine #UkraineBusinessActivity #ukrainianbusiness #UkrainianEnterprises
Four companies plan to invest at least $2.5B in Ukraine by 2026. Metinvest, OKKO, Terwin, and Vodafone plan to invest $300-600M each to develop their businesses in Ukraine during 2024-2025. OKKO says that they have been working on developments in the biofuel sector... #BusinessDevelopment #EVA #investments #Metinvest #okko #VodafoneGroup
The largest pharmaceutical company in Ukraine received €12M from Ukrainian and Latvian banks to construct a plant in Spain. Thanks to the West Bridge program, Ukrainian businesses continue to develop in EU countries. Another of the program’s significant projects is financing a new pharmaceutical plant for the largest Ukrai... #BusinessDevelopment #Farmak #LoansforBusiness #PharmaceuticalCompany #PivdennyWestBridge #ukrainianbusiness
Tobacco company Philip Morris International has opened a new $30M factory in the Lviv region. The first production line at the new factory was launched in May, and four more will be put into operation by the end of the year, which will increase the factory’s production capacity to 10 billion c... #BusinessDevelopment #BusinessRelocation #investments #PhilipMorris #PhilipMorrisUkraine #TobaccoMarketUkraine #Львів
An international furniture retailer is expanding its network in Ukraine and has increased purchases from Ukrainian manufacturers by 100%. The JYSK international furniture chain opened a new store in Kyiv’s Nyvky shopping center. The new store is on the basement floor and occupies 1,019 square meters of retail space plus a 210-square-met... #BusinessDevelopment #FurnitureProduction #JYSK #JyskUkraine #UkrainianFurniture
Ukrainian Kormotech conquers the world market; how and where is the company growing? In 2023, Kormotech increased the ratio of pet food sales between exports and the Ukrainian market to 31% versus 69% in tons and 27% versus 73% in sales revenue. At the same time, the growth in the Ukr... #BusinessDevelopment #investments #Kormotech #Lithuania #PetFood
Horizon Capital has raised $350M in investments for Ukrainian companies: Where and how much do they plan to invest? The Horizon Capital Fund has raised $350M and is ready to invest in new companies, said Lenna Koszarny, CEO of Horizon Capital. She expects the fund’s portfolio to grow to at least 8-10 companie... #BusinessDevelopment #HorizonCapital #investments #InvestmentsinUkraine #LennaKoszarny #ukrainianbusiness
The Nova group is launching its own energy company to generate electricity, including renewable energy. In connection with the strikes by the Russian Federation on the energy system, the Nova group of companies has decided to create the Nova Energy company, which will develop electricity generation, inc... #BusinessDevelopment #ElectricityGeneration #NovaGroup #novaposhta #RenewableEnergyUkraine #VolodymyrPopereshnyuk
Nasdaq will help Ukraine develop markets and entrepreneurship. The Ministry of Economy of Ukraine and the Nasdaq signed a memorandum of understanding designed to strengthen the Ukrainian economy and capital market. As part of the agreement, Nasdaq and the ministr... #BusinessDevelopment #NASDAQ #UkraineEconomy #YuliyaSvyridenko
Businesses in Ukraine are ready to expand their staffs and raise employee salaries. According to EBA data, 58% of companies predict positive development dynamics in 2024. At the same time, 29% of directors of EBA member businesses expect to maintain business indicators in 2024, and 1... #BusinessDevelopment #BusinessInvestments #EBA #SalaryUkraine #бізнесвУкраїні
Half of businesses predict growth in 2023. According to a survey by the EBA, 47% of the top managers from European Business Association companies predict positive dynamics for their business development in 2023. Last year, 83% of managers made... #BusinessDevelopment #BusinessExpectation #businessinukraine
Top 10 desirable foreign markets for Ukrainian companies. Minister of Foreign Affairs Dmytro Kuleba named the Top 10 the most desirable foreign markets for Ukrainian exporters: European countries. the USA and Canada. The minister stated that after the launch... #BusinessDevelopment #ForeignMarketsForUkraine #NewMarkets #UkraineBusiness
