Business news from Ukraine

“Nova Posta” plans to open second branch in Lithuania

18 March , 2023  

“Nova Posta enters the Lithuanian market and opens its first branch in Vilnius and plans to open a second branch in Kaunas, Lithuania’s second-largest city, co-founder of Nova Posta said in a few months. Vyacheslav Klimov, co-founder of Novaya Posta.
“We plan to open two branches in Lithuania: a cargo branch in Vilnius this month and a post office in Kaunas in a few months,” Klimov told the Interfax-Ukraine news agency on the sidelines of the Forbes Ukraine Exporters Summit in Kiev.
According to him, this year it is also planned to open offices in the Czech Republic, Romania and Germany and to expand the network in Poland to all the provinces.
At the same time, the company is not considering opening post offices in Poland and Lithuania. “Both Poland and Lithuania are quite densely covered by post offices of different companies, so it is more reliable now feel the strategy to come with our offices and our address delivery,” Klimov explained.
Co-owner of “New Mail” confirmed plans to open branches in Germany this year and noted that the company is attracted by the capacity of the markets, because the number of parcels per capita in Poland is 2-3 times, and in Germany – 3-4 times more than in Ukraine.
Sources of funding the expansion to foreign markets are the company’s own funds, Klimov said. In Ukraine, the company plans to continue to open new offices, install postal terminals, and also in the fall will complete the construction of two new sorting centers Kiev-East and Odessa.
Founded in 2001 Nova Posta Group is the biggest participant of Ukrainian logistics market: its network consists of about 10 ths offices and 13 ths postal terminals throughout Ukraine. The number of shipments in 2021 exceeded 372 million. Besides, a non-banking financial institution NovaPay provides services for money transfers and e-money transactions. There were 388 million transactions in 2021.
Detailed results of GC in 2022 have not yet been announced, but Klimov stated that the number of shipments at the end of the year will be restored to 95% of the pre-war level.
The group also includes Nova Posta Global, which is developing an international partner network to provide customers with express delivery services not only in Ukraine but also abroad. The company performs regular flights to the U.S., Europe and China and delivered 9.3 million international shipments in 2021.

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