Page 100 - UKRRptFeb24

The expansion in 2023 came with a substantial investment of UAH 1.1bn ($37 million), aimed at broadening and enhancing the network's capabilities. Looking ahead, Nova Poshta has set ambitious plans for 2024, intending to allocate UAH 1.9bn ($64 million) to introduce an additional 9,000 service points.
Nova Poshta's branches and parcel terminals currently serve over 10,000 settlements nationwide, with significant network growth observed in regions such as Chernivtsi, Ternopil, Vinnytsia, Volyn, Rivne, Kirovohrad, and Cherkasy. This expansion underscores Nova Poshta's commitment to enhancing logistics and delivery services across Ukraine, contributing to the country's economic resilience and connectivity.
The national postal operator of Ukraine generated a record income. In
2023, Ukrposhta increased its revenues by ₴1.9B to ₴11.9B, exceeding 2021’s previous record of ₴11.1 billion. The number of sent parcels increased by 40%.
One of the largest IT companies in Ukraine has acquired another firm with offices in the US and India. IT company GlobalLogic has announced the acquisition of Mobiveil, a firm specializing in embedded engineering services and headquartered in the US with offices in India. The acquisition will is expected to enhance the embedded software development capabilities of GlobalLogic's portfolio.
9.2.8 Tourism corporate news
9.1.10 Renewables corporate news
The government is seeking an investor for the Ukraine Hotel on Maidan
Nezalezhnosti. The hotel is open but not operating at full capacity due to the war. The company has accumulated more than ₴45M in debt. As a result, the State Property Fund plans to privatize it.
A relocated company is launching a wind farm in Transcarpathia. As Olha Poshtak, the top manager of the Friendly Wind Technology company, reported, "The installation of the first wind turbine of the Ostrovsky wind farm, located in the Nizhnyovoritsk community, has been completed. The wind turbine has an installed unit capacity of 4.8 MW. According to her, this wind energy project is being implemented by the Wind Parks of Ukraine company, which moved to Transcarpathia from the east of the country after the invasion. The windmill is the first of ten that are planned to be installed. The project to install the second windmill is undergoing an environmental impact assessment procedure. As noted, the installed windmill is not yet operating because it is not connected to the grid. The total installed capacity of the planned wind farm will be 80 MW. The electricity that will be produced is enough to supply 50,000 households annually.
9.2.11 Metallurgy & mining corporate news
The Pokrovsky mining and beneficiation plant has been idle since November 2023 due to the consequences of the war and unfavorable conditions on the ferroalloy market; the plant intends to restart operations in the spring, allocating ₴36M to its technical development program.
100 UKRAINE Country Report February 2024 www.intellinews.com