McDonald’s Ukraine sees 82% profit surge amid global sales slump
Source: Forbes Ukraine
McDonald’s Ukraine has reported a remarkable 82% surge in profits for the first half of 2024, defying global trends, according to Forbes Ukraine report. The fast-food giant’s Ukrainian branch saw its revenue skyrocket by 44%, reaching 7.8 billion hryvnias. The company’s profit jumped to 874.8 million hryvnias from 479.8 million hryvnias over the same period last year.
In contrast to this booming performance, McDonald’s faced a significant downturn globally. For the first time in nearly four years, the company’s worldwide sales dipped, attributed to rising prices and prolonged boycotts amid the ongoing conflict in Gaza. Global revenue held steady at $6.5 billion, but net profit took a 12% hit, falling to $2 billion.
Meanwhile, McDonald’s has been active in expansion and renovation across Ukraine. The company recently closed a location near Kyiv’s Central Railway Station for a makeover while opening a new restaurant in Chernivtsi. With nearly 100 restaurants now operating across the country, McDonald’s Ukraine is clearly bucking the global trend.
Amendments to Ukraine’s enforcement proceedings legislation, initiated by the Ministry of Justice of Ukraine, have entered into force. Among other measures, the reform provides for the automated lifting of attachments on bank accounts immediately after debts in enforcement proceedings have been fully settled. The main practical benefit for citizens is the complete elimination of the need to contact an enforcement officer in person and wait for paper decisions once the debt has been paid.
The 157th Separate Mechanized Brigade has received another batch of supplies as part of Rinat Akhmetov’s Steel Front military initiative. This time, the military received seven quad bikes and four mobile shower and bath units.
In my previous column, I wrote about social innovations in Ukraine. Those innovations are part of civic resilience and the democratization of security, which Europe is paying close attention to right now. The EU is trying to work out how to spread responsibility for its own security across society as a whole, rather than leaving it to institutions alone. It is looking for concrete ways to bring ordinary people into the work of defense and resistance.
Petro Poroshenko’s lawyers have appealed to the High Anti-Corruption Court demanding that NABU be obligated to register proceedings regarding the fact of exerting influence on the court and to recognize Petro Poroshenko as a victim in the case of the Deputy Head of the Office of the President, Iryna Mudra, due to her pressure on Supreme Court judges who were considering a lawsuit to overturn sanctions.
Internationally recognized brands and financial institutions should direct capital to Ukraine now, not waiting for the hostilities to end. This was emphasized by Rinat Akhmetov, president of FC Shakhtar, during a working visit to UEFA headquarters in Nyon, Switzerland, where he met with UEFA President Aleksander Čeferin.