Business news from Ukraine

“Ukrposhta” increased revenues by 19% in 2023

11 January , 2024  

In 2023, Ukrposhta JSC increased its revenues by UAH 1.9 billion to UAH 11.9 billion, exceeding the previous record level of UAH 11.1 billion in 2021, according to a report on the website of the Ministry of Economic Development and Trade, citing the company’s CEO Ihor Smelyansky.

“In 2023, the number of parcels sent increased by 40%. It is also worth mentioning the 15 million parcels that Ukrposhta and Ukrzaliznytsia transported together – this is a convenient and effective collaboration between two state-owned companies,” Smelyansky said.

It is also noted that the number of money transfers has increased by 40%.

In 2022, Ukrposhta delivered 41.5 million parcels and paid out 9.3 million transfers.

Among other achievements of the past year, Smelyansky mentioned the establishment of air service with the United States. “This is important for our entrepreneurs. After all, even during a full-scale war, more than 1 million Ukrainian goods are successfully sold on American marketplaces,” he explained.

Separately, the Ukrposhta CEO emphasized the importance of loan agreements with the European Bank for Reconstruction and Development worth EUR 63 million and the European Investment Bank worth EUR 30 million.

According to the data presented, the company has increased the number of mobile branches to 1864 with 200 locations.

Smelyansky named digitalization as one of the main areas of work for 2024. According to him, the company plans to cover 100% of Ukrainian cities and villages with digital services, as well as increase the level of automatic parcel sorting to 100% through the introduction of 18 new sorting centers.

It is also indicated that, if permits are obtained, Ukrposhta intends to cover 100% of towns and villages with banking and drug delivery services.