Business news from Ukraine

STATE-RUN UKRPOSHTA TO BUY 500 CARS

JSC Ukrposhta will sign financial lease contracts for the purchase of 500 cars from Ukrlada LLC for the implementation of the Mobile Offices project on April 10, the company’s press service said on Thursday, April 9.
The contracts signing will be hold online with the participation of Director General of Ukrposhta Igor Smelyansky, Minister of Infrastructure of Ukraine Vladyslav Krykliy, Director of Ukrlada Hanna Bilozerova and chairman of the board of FUIB Serhiy Chernenko.
According to ProZorro, the following companies took part in the tender for the purchase of 500 passenger cars for organizing mobile offices: Arma Motors LLC, Ukrlada Trading House, Europa Plus LLC and Vidi Avenue LLC. The winner was Ukrlada, which offered the lot value in EUR 8.445 million that is 5.11% lower than the expected purchase price.

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UKRPOSHTA AND CHINESE LOGISTICS OPERATOR LAUNCH CARGO FLIGHTS TO UKRAINE

Ukrposhta JSC and the Chinese international logistics operator Cainiao Network, part of the Alibaba Group, launch cargo flights to Ukraine.
Such cooperation will reduce the delivery time of orders from AliExpress under quarantine. Air routes started from the cities with the largest Cainiao distribution centers in Europe, the Ukrposhta press service said on Thursday.
According to the company, the partners in organizing flights are Eleron Airlines, AirBaltic and the national postal operator of Latvia. Regular flights (with a carrying capacity of five tonnes) are carried out by AN-26 aircraft to Lviv, where the parcels undergo customs clearance, sorting and will be delivered to recipients in Ukraine. At the first stages, the aircraft will arrive in Lviv twice a week, but the schedule will be revised later depending on the load.
Ukrposhta also reports that the delivery of parcels will be transferred to non-contact mode – all AliExpress orders worth up to $2 will be delivered to the mailbox (in good order). Home delivery options for more expensive items will be carried out either by a courier or a postman.
The Ukrainian postal operator added that in the first quarter of 2020, Ukrposhta delivered over 4 million items from AliExpress, an increase of 26% compared to the same quarter of the previous year. Among the most popular categories of goods that Ukrainians ordered in March were: electronics, accessories, clothing and household goods.

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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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STATE-RUN UKRPOSHTA RESUMES ACCEPTING SHIPMENTS TO CHINA

JSC Ukrposhta has resumed accepting all types of export shipments to China from February 26, the company has reported on its website.
“This was possible with the help of the People’s Republic of China Embassy Delegation to Ukraine,” the company reported.
According to Ukrposhta, today, there are no bans on the part of the National Post of China on receiving parcels.
Thus, the import shipments from China continue to be delivered to Ukraine. However, due to a significant reduction in flights by most airlines, the transit terms for mail to Ukraine may be increased.

STATE-RUN UKRPOSHTA TO INCREASE PROFIT BY 12% IN 2020

Ukrposhta intends in 2020 to increase its net income by 13.2% compared with the planned figures for 2019, to UAH 9.682 billion.
According to the text of the enterprise’s financial plan for 2020, posted on the website of the Ministry of Infrastructure of Ukraine, it is planned to increase profit by 12%, to UAH 1.7 billion respectively.
According to an explanatory note to the document, revenues from written correspondence are planned in the amount of UAH 2.429 billion (an increase of 8.1%), revenues from the parcel segment in the amount of UAH 1.201 billion (an increase of 21.5%), revenues from the distribution of periodicals some UAH 525.900 million (4.5%), income from pension payments some UAH 2.155 billion (an increase of 10.4%), from trade in the amount of UAH 590 million (an increase of 25.5%) compared to the financial plan for 2019.
Ukrposhta plans to attract credit resources from the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank in the amount of UAH 1.722 billion in 2020 for the implementation of the Rural Branch and Logistics Network projects, but interest is not planned for them in 2020 under the terms of the loan agreement.
Expenses for wages to employees are planned in the amount of UAH 5.511 billion (a growth of 17.7%). The average monthly wage is UAH 6,887 (an increase of 18.9%).
It is planned to transfer funds in the amount of UAH 2.954 billion to budgets and state trust funds, which is UAH 374.7 million more than expected for 2019.

STATE-RUN UKRPOSHTA LAUNCHES DELIVERY FROM POLAND TO UKRAINE

JSC Ukrposhta launches the delivery of parcels within three to six days from the date of shipment from a warehouse in Poland to Ukraine, the press service of the company has said.
According to a press release, Ukrposhta together with the private postal operator SMART Forwarding (with the head office in Greece) and the Polish company InPost have already begun test deliveries of international mail from Poland.
“We and our partners provide perhaps the only economical official channel for delivering goods or things. It’s convenient, reliable, simple. For example, sending a package with sneakers, clothes and food in factory packaging weighing 10 kg and with the size of up to 19x38x64 cm through an InPost post terminal will cost about PLN 37, or about UAH 230 in equivalent,” the press service of Ukrposhta said, citing first deputy director general of the company Oleksandr Pertsovsky.
According to him, if the value of a parcel per recipient does not exceed the customs limit of EUR100, customs clearance will be carried out according to a simplified mechanism.
“Now we are working in a test mode, doing weekly deliveries, arranging all processes. We plan to increase the frequency of departures from Poland to two or three per week,” the expert said.
The departure route from Poland to Ukraine can be tracked by the track number on the Ukrposhta website.
According to the company, the new delivery channel is safer and about 20-25% more profitable than alternative options.
In the near future, Ukrposhta plans to launch similar channels for the international delivery of parcels to Ukraine from Italy, Britain, and Germany.

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