Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Headlines
    3. >Delivering under fire: How Nova Post became Ukraine's wartime success story
    Headlines

    Delivering Under Fire: How Nova Post Became Ukraine's Wartime Success Story

    Published by Global Banking & Finance Review®

    Posted on December 22, 2025

    5 min read

    Last updated: January 20, 2026

    Add as preferred source on Google
    Delivering under fire: How Nova Post became Ukraine's wartime success story - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:deliveryinnovationbusiness investment

    Quick Summary

    Nova Post, a leading Ukrainian delivery firm, thrives amid conflict, delivering millions of parcels daily and planning further expansion.

    How Nova Post Thrives as Ukraine's Wartime Success

    By Olena Harmash

    CHERNIHIV, Ukraine, Dec 22 (Reuters) - On a November weekday in the Ukrainian city of Chernihiv, an air raid siren pierced through the morning bustle at a Nova Post branch as manager Ihor Shutkovskyi ushered staff and customers to the safety of a concrete shelter.

    Minutes later, the all-clear given, the team was back behind the counter, sorting parcels. It's a routine that now defines life for one of Ukraine's biggest private firms.

    Nearly four years into Russia's invasion, Nova Post has learned to operate through blackouts, missile strikes and broken transport links. It now delivers more than 1.5 million parcels a day, cementing its status as a rare wartime corporate success outside the defence sector.

    Daytime drone attacks have become common in Chernihiv, located some 125 km (78 miles) north of Kyiv, while overnight hits on energy facilities plunge homes and businesses into darkness.

    "We are changing our processes, adapting to blackouts, to wartime," said Hanna Honchar, Nova Post's regional manager in Chernihiv, at a branch piled high with parcels containing everything from chocolate and books to generators and furniture.

    Founded in 2001, Nova Post disrupted Ukraine's postal market with one- to two-day deliveries, breaking the grip of state-owned Ukrposhta. Today, it has turned wartime chaos into growth, linking Ukraine's western borders to frontline cities in the east and south and delivering to some of the millions of Ukrainian refugees in Europe.

    The company plans further expansion in 2026, company officials told Reuters.

    "The war years have become no less impressive in terms of our development than the early 2010s, when the company grew threefold every year," Vyacheslav Klymov, Nova Post's co-founder and co-owner, told Reuters at the company's headquarters in Kyiv.

    DISRUPTING THE POST-SOVIET POSTAL SECTOR

    Nova Post quickly became a symbol of innovation in an economy reliant on metals and grains. But Russia's war has devastated the economy. Millions of people fled the country or were displaced within Ukraine. Businesses relocated westwards away from front lines, while the focus shifted to defence spending.

    The postal and delivery sector was hit hard initially, but soon regained its footing.

    Nova Post is now pushing for further growth, with a focus on supporting small businesses across the country.

    WAR WIPES OUT EMPLOYEES AND BRANCHES

    Running the business during a war comes with mounting costs - human and financial.

    Nova Post has lost 249 employees, including 227 who were drafted into the army and killed in combat, and 22 civilian staff killed at home or at work during Russian strikes on cities far from the front lines.

    In financial terms, since the start of the invasion the company has incurred about 1 billion hryvnias ($24 million) in costs due to damage to hundreds of branches and other facilities, and another 3 billion hryvnias to cover around 138,000 destroyed parcels.

    Despite the risks, Nova Post is often one of the last big businesses to leave a location - it shuttered the last of its 10 branches in the besieged eastern city of Pokrovsk only in February and continues to deliver to frontline locations, including the southern city of Kherson.

    RECORD CHRISTMAS SEASON EXPECTED

    Nova Post set a record in 2024 delivering about 480 million shipments, up 16% from the previous year, and expects double-digit growth this year, Klymov said, anticipating a strong Christmas season.

    "We are preparing for the high season," he said, noting extra staff have been hired.

    Net profits are growing too - up about 35% to 2.88 billion hryvnias ($67 million) in the first nine months of 2025 compared with the same period a year ago.

    The company employs about 30,000 people and increased the number of automated parcel machines to nearly 33,000 in 2025 from about 24,000 in 2024, and its branches to about 15,000 in 2025 from 13,208 last year, details not previously reported.

    Its growth isn't limited to Ukraine.

    "When we entered the war, we were present in two countries - Ukraine and Moldova. Now we are in 16 countries," Klymov said.

    The company is looking at Europe for more growth and plans to increase deliveries to and from the United States, China and other countries, Klymov added.

    To keep the lights on, Nova Post has invested in generators and, at large sorting depots, its own gas supply.

    "If the power goes out or we have a blackout, we have a generator and a Starlink. Even if there is no internet in the city we connect the Starlink and work," said Ihor Shutkovskyi, branch manager in Chernihiv.

    Customers sometimes stop by "to charge their phones or simply dry their hair".

    For Christmas and New Year, Nova Post has introduced festive packaging inspired by the traditional Ukrainian art of paper cutting known as "Vytynanka".

    "It is important for us that ahead of the holidays each parcel brings joy even before it is opened," said Olha Poprotska-Matusiak, a Nova Post representative.

    (Reporting by Olena Harmash, additional reporting by Alina Smutko and Yurii Kovalenko; Editing by Mike Collett-White and Elaine Hardcastle)

    Key Takeaways

    • •Nova Post delivers over 1.5 million parcels daily in wartime Ukraine.
    • •The company plans further expansion by 2026.
    • •Nova Post has incurred significant costs due to war-related damages.
    • •Despite challenges, Nova Post expects record growth in 2025.
    • •The company employs about 30,000 people and continues to expand.

    Frequently Asked Questions about Delivering under fire: How Nova Post became Ukraine's wartime success story

    1What is a parcel delivery service?

    A parcel delivery service is a business that transports packages from one location to another, often providing tracking and delivery confirmation to customers.

    2What is a blackout?

    A blackout refers to a temporary loss of electrical power in a specific area, which can disrupt business operations and services.

    3What is business expansion?

    Business expansion is the process of increasing the size or scope of a company, often through opening new locations, increasing product offerings, or entering new markets.

    4What is a corporate success story?

    A corporate success story highlights a company's achievements and growth, often showcasing how it overcame challenges to thrive in its industry.

    5What is a wartime economy?

    A wartime economy is an economic system that is focused on supporting military operations, often leading to changes in production, labor, and resource allocation.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Cricket-Bairstow joins Livingstone in criticising level of care in England set-up
    Cricket-Bairstow Joins Livingstone in Criticising Level of Care in England Set-Up
    Image for Mullally to be installed as first female Archbishop of Canterbury
    Mullally to Be Installed as First Female Archbishop of Canterbury
    Image for Cyprus seeks new security deal for UK bases, Telegraph reports
    Cyprus Seeks New Security Deal for UK Bases, Telegraph Reports
    Image for British army veteran completes record 100km Land Rover pull
    British Army Veteran Completes Record 100km Land Rover Pull
    Image for Pope Leo laments that Iran war 'getting worse and worse'
    Pope Leo Laments That Iran War 'getting Worse and Worse'
    Image for Denmark's left-wing bloc leads election but lacks majority, exit polls show
    Denmark's Left-Wing Bloc Leads Election but Lacks Majority, Exit Polls Show
    Image for Moldovan parliament backs energy state of emergency after power line put out of action
    Moldovan Parliament Backs Energy State of Emergency After Power Line Put Out of Action
    Image for US expected to send thousands more soldiers to Middle East, sources say
    US Expected to Send Thousands More Soldiers to Middle East, Sources Say
    Image for Brazil court places Bolsonaro under house arrest on health grounds
    Brazil Court Places Bolsonaro Under House Arrest on Health Grounds
    Image for Analysis-Gulf warnings and fears of miscalculation preceded Trump’s pause in Iran showdown
    Analysis-Gulf Warnings and Fears of Miscalculation Preceded Trump’s Pause in Iran Showdown
    Image for Italian justice undersecretary quits over mafia-linked restaurant scandal
    Italian Justice Undersecretary Quits Over Mafia-Linked Restaurant Scandal
    Image for One killed, 13 injured in Ukrainian drone attack in Russia's Kursk region, governor says
    One Killed, 13 Injured in Ukrainian Drone Attack in Russia's Kursk Region, Governor Says
    View All Headlines Posts
    Previous Headlines PostGerman Auto Exports Hit Hard by Trump Tariffs, Study Shows
    Next Headlines PostTrump Shook up Global Trade This Year; Some Uncertainty May Persist in 2026