How does TERWIN and Ruslan Shostak support Ukraine's economy?

27.06.2024

At the Forbes Ukraine Money and Investments event, Ruslan Shostak, a prominent businessman, shared his experience and approaches that he and his company embody in their Ukraine-centric strategy.

During the early months of the war, they suspended plans for international expansion, focusing instead on supporting the Ukrainian economy, but they are now actively returning to international projects.

1. The company continues to invest in its own development, opening new stores, launching innovative formats like EVA BEAUTY, and actively developing online sales, which contribute to increased tax revenues.
2. The establishment of the TERWIN corporation helps scale successful experiences in new projects for the development of the Ukrainian economy.
3. The WINHUB logistics hub construction project, covering 1 million square meters, was selected by the Ministry of Economy for presentation at the Ukraine Recovery Conference, a significant step towards providing Ukraine with necessary warehouse properties.
4. The "Vinnytsiapobuthim" enterprise, currently under ARMA management, continues to provide stable income to the state.
5. Investments of 570 million hryvnias in projects supporting the Armed Forces of Ukraine and the evacuation of orphaned children since the beginning of the war demonstrate their focus on important national initiatives.
6. The establishment of the Ukraine Transparent Company, which supplies goods to military units, contributes to reducing state expenditures and enhancing the overall security of the country.

This business approach not only ensures the stability and development of the enterprise but also contributes to Ukraine's overall prosperity. Entrepreneurs call for the implementation of a state program to support Ukraine-centric initiatives, which should include:

• Implementation of economic shielding to support businesses and increase revenues to the state budget.
• Swift transfer of sanctioned assets to ARMA to create jobs and replenish the budget.
• Recognition of businesses as partners of the state, working together for the good of the country's economy.

The implementation of these measures will strengthen Ukraine's economic potential and ensure sustainable development in the most challenging conditions.