The owner of the Eva and Varus chains and president of the Terwin Corporation, Ruslan Shostak, stated that the issue of workforce shortages in Ukraine can be addressed by investing in technological products and process automation. He discussed this at the Business Wisdom Summit.

"I don’t see a major problem (with workforce shortages – ed.). Yes, it exists, and we can’t ignore it, but according to statistics, not that many people have left Ukraine. Our entire business was inefficient in terms of human resource utilization, which made us uncompetitive with similar businesses in Europe and the world. But there is one solution to this - money. We don't have the money to reconstruct production facilities and enterprises. If we have the money, software products, and new robotic equipment, we can solve this issue," said Shostak.

According to him, despite a slight outflow of customers, his business is showing growth: online growth last year was almost 100%, and in retail - 30%. In addition, new logistics hubs are being built in Kyiv, Lviv, and Dnipro.

Shostak noted that while business development in Ukraine is slowed by the war and the difficult economic situation, global business is undergoing changes and seizing new opportunities, including artificial intelligence.

"Currently, we are focusing on geopolitics, but in the next 20 years, we will face global economic problems and changes in specialties and professions. It is artificial intelligence that is currently driving the most powerful changes," believes the owner of Eva and Varus.

Recall that on October 26, 2023, the Antimonopoly Committee approved the creation of the "Terwin" corporation from 16 companies: "Omega" (Varus grocery supermarket chain), "Rush" (Eva body care stores chain), "Terwin Group," "Tixid," "Tavria Hub," "Mitteva," "Formsight," "Digamma," "Milton-Group," "Saltora Plus," "Ariant Firm," "New Construction 2017," "Altair D," "Apex N," "Aspect D," "Lattero," as well as Shostak's charitable foundation.

The total assets of the corporation are valued at $1.6 billion. The combined revenue of the companies in the pre-war period reached $2 billion, and in 2023 it was expected to be around $1.7 billion.

Additionally, in November 2023, the Terwin Corporation agreed with the government office for investment attraction and support, UkraineInvest, on support for an investment project totaling over $500 million, with the possibility of expanding to $1 billion. The corresponding memorandum was signed on November 10 and concerned the construction of four logistics complexes with a total area of 1 million square meters.