Based on the results of January-March of this year, Metinvest reduced steel production by 4% compared to the same period last year, and by 5% compared to the previous quarter – to 469,000 tonnes, according to a press release from the parent company Metinvest B.V. According to it, pig iron production decreased by 10% from … Read more
Ukrainian medicine delivery service Liki24 has expanded its offering to Germany, investing $100,000 in the launch. The country became the fourth foreign market where the Ukrainian company entered. According to Forbes Ukraine, the company is now valued at up to $50 million. Liki24 has announced the launch in the German market after testing its services there … Read more
The largest Ukrainian mobile operator, Kyivstar, saw a 14.1% decrease in revenue to UAH 7.1 billion in January-March due to the implementation of a large loyalty program following an unprecedented cyber attack at the end of 2023, the operator’s press service reported on Thursday. “The company’s total revenue in the first quarter of 2024 decreased … Read more
Tobacco manufacturer Philip Morris International has opened a new factory in Lviv region, investing $30 million in it. “The first line is already in operation, the second line is almost completed and will be launched in June… “In total, five lines will be installed, 10 billion cigarettes will be produced, which fully meet the needs … Read more
Nova Post has expanded its international delivery network by entering the UK market, according to the press release. This is the 13th European country where Ukrainians can use the company’s services. In London, Nova Post opened two branches at once: mail (up to 30 kg) and cargo (up to 1,000 kg). The cost of delivery … Read more
NNEGC Energoatom and Korean Hyundai Engineering and Construction Co., Ltd. (HDEC) signed a memorandum of cooperation on the design, construction and commissioning of new nuclear power plant units in Ukraine. The corresponding agreements were signed in Kyiv on Monday by acting Chairman of the Board of Energoatom Petro Kotin and Executive Vice President and COO … Read more
Clothing brand H&M opened a new store in Kyiv covering two entire stories, at the Blockbuster Mall on May 10. This is already the seventh store of the brand in the capital. The store in Blockbuster Mall will feature a wide selection of women’s, men’s and children’s clothing, as well as the H&M MAMA line … Read more
Based on the results of April, the Epicenter network saw a significant increase in sales of power banks (up 38%) and charging stations (up 350%) in units compared to the previous year, the demand for generators is noticeable in the regions most affected by shelling of the energy infrastructure, the company’s press service reported to … Read more
The top 20 Ukrainian largest investors, including private companies that have contributed to business and economic development over the two years of full-scale Russian invasion, was published for the first time by Forbes Ukraine on May 9. These investors have collectively invested a total of UAH 173 billion ($5 billion). Among the top 20 are … Read more
The net consolidated profit of Naftogaz Group in 2023 amounted to UAH 23.1 billion against a loss of UAH 79.1 billion a year earlier, according to consolidated financial statements verified by an international independent auditor and approved by the company’s supervisory board on May 3, 2024. “It is planned that the absolute majority of the … Read more