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.

, ,

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.

, ,

STATE-RUN UKRPOSHTA LAUNCHES EXPEDITED DELIVERY TO U.S.

JSC Ukrposhta has introduced a new additional service for delivering small packages, “Postal Express to the United States,” the company’s press service has said.
According to the report, the service provides priority processing of departures at Ukrposhta, customs clearance and shipment of departures for direct flights to New York. Its launch took place in August and already tens of thousands of items were delivered in a new way.
The company said that during the testing of the service, for 90% of shipments the processing time from the moment of departure from any automated branch of Ukrposhta to the first scan in the USPS national mail system was from three to five days. Moreover, the full delivery time until delivery in any U.S. state, taking into account customs clearance in the two countries, for 80% of small packages ranged from four to ten days.
At the same time, the average delivery time for packages by the basic service is currently 14 days.

, ,

BENOIT PLESKA FROM BELGIUM HEADS UKRPOSHTA

The supervisory board of PJSC Ukrposhta at a first meeting held on December 14, 2018 elected Benoit Pleska (Belgium) head of the board. At the meeting the audit committee was created. Jakub Karnowski (Poland) was elected chair of the committee. Oksana Volchko was elected head of the committee for appointments and remuneration to managers of the company.
Oleksandr Ozeran headed the committee for digital transportation and Joona Saluveer (Estonia) headed the committee for postal logistics and parcels.
On October 10, the Cabinet of Ministers of Ukraine approved the supervisory board of PJSC Ukrposhta, consisting of five independent members and two representatives from the state.
Independent members are Pleska, Saluveer, Karnowski, Tommy Jensen (Denmark) and Volchko, while the representatives of the state are Ozeran (Director General of Directorate of State Policy in the sphere of digital infrastructure in transport and postal services of the Ministry of Infrastructure of Ukraine, Hyperloop Project Chief in Ukraine) and Yuriy Tustanovskyi (Head of the Executive Support Service of the First Vice Prime Minister of Ukraine).
The professional recruiting company Amrop selected the independent members of the supervisory council.

, , ,