Rostyslav Vovk at the EBRD Annual Business Forum 2026 in Riga, Latvia

Together with representatives of international companies, financial institutions, and experts, he discussed how businesses adapt to new challenges, continue to grow, and unlock new opportunities for development.

Rostyslav shared Kormotech’s experience of navigating four major crises over more than 20 years in business. According to him, these challenges taught the company to respond quickly to change, think strategically, and make decisions with the future in mind.

“We did not plan to build a resilient business. Life forced us to become one. Each crisis taught us to adapt faster, think more creatively, and see opportunities where others saw only challenges,” Rostyslav said.

One such decision was investing in production in Lithuania before the start of the full-scale invasion. In 2019, with EBRD support, Kormotech began building its first plant in Lithuania. During the discussion, Lesia Kuzmenko, Deputy Head of EBRD in Ukraine, noted that the bank also supported the company’s next step — the construction of a second plant.

Thanks to production facilities in different countries, Kormotech was able to maintain business continuity after the full-scale invasion began, continue manufacturing in Ukraine, and expand its presence in international markets.

Today, Kormotech products are sold in more than 50 countries worldwide. Ukraine remains the company’s home market.

“Ukrainian businesses prove that growth is possible even in times of crisis. It takes bold decisions, the willingness to look beyond the domestic market, and the ability to act ahead of time,” Rostyslav Vovk concluded.