Business news from Ukraine

UKRPOSHTA PAYS ALMOST 80% OF PENSIONS FOR MARCH

As of March 22, 2022, Ukrposhta delivered almost 80% of pensions (UAH 8.4 billion), delivery is carried out in all regions.

As the press service of the national postal operator reported on Wednesday, in most regions the rate of pension payments fluctuates between 93-99%. So far, it has not been possible to fully pay pensions in zones where active hostilities are taking place.

So, in Chernihiv region 16% was paid, in Zaporizhia region – 48%, Kharkiv region – 50%, in Kherson region – 57%, in Sumy region – 60% of pensions.

Ukrposhta noted that as soon as green corridors to cities temporarily occupied by the Russian Federation or under shelling are formed, the company will immediately deliver payments. In addition, the percentage of pension payments is lower than usual at present, partly due to the fact that many Ukrainians have changed their place of residence due to hostilities and have not yet completed the redirection.

“For three weeks in a row, together with our colleagues, we have been constantly in touch with the Ukrainian military, rebuilding routes, looking for strong-willed and creative solutions to bypass enemy checkpoints, find cash in a surrounded city or region, and provide people with basic necessities. Unfortunately, there are still separate areas where we cannot reach, but our defenders are doing their job every day, retaking our cities and villages from the invaders, and we at Ukrposhta are already starting cars to quickly do our job after,” the Ukrposhta general director Igor Smelyansky said.

The national postal operator notes that the majority of Ukrainians who received pensions for February received them locally – at Ukrposhta offices in the city or by targeted delivery. Also, Ukrposhta received about 22,000 applications for redirecting payments.

STATE-RUN UKRPOSHTA RESUMES DELIVERY OF ORDERS FROM MARKETPLACES

Ukrposhta resumed delivery from the largest marketplaces and online stores: OLX, prom.ua, Rozetka, eva.ua, as well as online clothing stores, in particular, children’s clothing, consumer goods, children’s toys, goods for the home, etc., the company’s press service said on Friday.
“Now many Ukrainians are faced with the fact that it has become a problem to buy ordinary things in a store: due to logistical restrictions, when the store simply cannot deliver products on time, or due to a sharply growing demand due to internal migration, some groups of goods have temporary shortage. Ordering goods on the marketplace can partially solve the problem. Therefore, we are pleased to announce that Ukrposhta has resumed the delivery of online orders. Gradually, we will resume delivery from all sites that we worked with before the war, because we understand how important it is for our customers. In addition, the resumption of delivery from marketplaces will allow Ukrainian entrepreneurs to return to work, earn money and strengthen the economy,” Ukrposhta Deputy Director General for Business Development Olena Stepina was quoted as saying.
It is said that as of March 11, some 4,783 branches of Ukrposhta are operating. In addition, mobile departments leave for routes where it is safe.

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STATE-RUN UKRPOSHTA INCREASES NET PROFIT BY 2 TIMES

JSC Ukrposhta in January-September 2021 received UAH 131 million of net profit, which is twice as much as in the nine months of 2020 (UAH 60.9 million).
As the company’s press service reported on Monday, the company increased its net income by 23%, to UAH 8.1 billion.
Ukrposhta notes that the company has increased its volumes and revenues in the main areas of business – remittances, written correspondence, payments. The largest increase occurred in parcels. Thus, among domestic shipments, customers most often chose Ukrposhta Express – here volumes increased by 40% and revenues by 50%. In addition, there was a significant increase in international shipments – volumes increased by 55%, revenues – by 66%.
The company’s labor costs for the specified period increased by 17% and amounted to UAH 4.5 billion. The average salary of employees in full-time equivalent compared to nine months of last year increased by 16.5% and amounted to UAH 9,949.
In addition, Ukrposhta paid UAH 2.4 billion in taxes, single social security tax, fees and mandatory payments in January-September.
“The increase in revenue and profit to UAH 131 million [twice as much as in the same period last year] was due to the growth in the level of trust and business volumes from our customers, especially in the segment of parcels that showed the best dynamics. Given the state of the postal infrastructure, profit is not an end in itself. But it allows us to confidently continue the investment projects that we have already begun, which next year will improve the quality of services for customers and will be a powerful impetus in the development of the company,” Ukrposhta CEO Igor Smelyansky is quoted as saying.

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IRISH COMPANY WILL SUPPLY NEW FRONT-OFFICE SYSTEM FOR STATE-RUN UKRPOSHTA

Escher Group Ltd (Ireland) will supply a new front-office system instead of the old software in stationary offices, as well as fully automate the work of mobile offices and postmen of Ukrposhta.
The signing of the agreement between Ukrposhta and the winner of the tender of the EUR opean Bank for Reconstruction and Development (EBRD), the Irish company Escher Group Ltd, took place in Kyiv on October 26, 2021, Interfax-Ukraine reports.
Director General of Ukrposhta Igor Smelyansky emphasized that the Escher Group software works in more than 30 postal operators around the world.
The contract value is EUR 7.8 million.
In accordance with the terms, it is envisaged to supply 43,000 software licenses, as well as technical support services during four years and software revision if necessary.
As reported, the Verkhovna Rada on October 21 ratified the guarantee agreement for the Ukrposhta Logistics Development project between Ukraine and the EBRD.

KOREA POST RESUMES DELIVERIES TO UKRAINE

The Korea Post resumes deliveries to Ukraine, the parcels will be delivered by Air Astana flights through the mediation of GlobalAirCargo, the press service of Ukrposhta said on Wednesday.
Ukrposhta, in particular, informs that EMS delivery will be resumed first, and then all other categories.
The Ukrainian postal operator also said that most of all in the structure of Korean exports to Ukraine is the share of EMS shipments from Korean online stores.
According to the company, before the pandemic, Korea was included in the list of the top 10 delivering countries in all categories of shipments, and in the category of EMS shipments it was in the top three delivering countries of Ukrposhta. In 2020, with the spread of the coronavirus, the Korea Post imposed restrictions on its work: due to the rapid growth in air transportation costs, it closed the reception of parcels that could be delivered to most European countries, including Ukraine.

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UKRPOSHTA TO DIGITIZE 100% OF SERVICES IN 2021

JSC Ukrposhta plans to digitize 100% of its services in 2021.
“Ukrposhta is facing an ambitious task – during this year to make 100% digitalization of services,” Minister of Infrastructure Vladyslav Krykliy said during the “Ukraine 30. Infrastructure” forum.
According to Krykliy, this will be implemented due to the support of Ukraine’s international partners and almost 2,000 mobile rural branches that will be able to deliver parcels and will be involved in the e-commerce system.
According to Krykliy’s presentation, construction of five automated postal hubs and ten sorting depots is also planned this year.

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