Business news from Ukraine

STATE-RUN UKRPOSHTA PLANS TO ATTRACT EUR 100 MLN FOR CONSTRUCTION OF NEW SORTING CENTERS

JSC Ukrposhta plans to attract a loan of EUR100 million for the construction of new sorting centers.
“We are now waiting for the finalization of a loan in the amount of EUR100 million over the next two or four months. These funds will be used to design new terminals and launch mobile branches,” Igor Smelyansky, the director general of the company, said at a meeting with reporters in Kyiv.
The company later told Interfax-Ukraine the funds raised are to be spent on the design and construction of three or four terminals, as well as on automation of about 30 depots.
According to him, the funds will be raised on market conditions, international financial organizations will become donors.
As reported, Ukrposhta plans to launch mobile branches in five regions in 2020, and plans to reach more than UAH 1 billion in profit by 2024.

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