State postal service books record revenues in 2023

Business

11 January 2024, 10:40 PM

Ukrainian state postal service Ukrposhta marked a significant revenue boost in 2023, reaching UAH 11.9 billion ($314 million) in earnings—a nearly 20% increase over 2022, Ukraine’s Infrastructure Ministry reported via Facebook on Jan. 10.

"In 2023, the number of parcels [delivered] sent increased by 40%,” said Ukrposhta General Director Igor Smilyanskiy.

“It is also worth mentioning the 15 million parcels that Ukrposhta and Ukrzaliznytsia [Ukrainian Railways] transported together—a seamless and efficient collaboration between two state-owned enterprises."

Smilyanskiy emphasized the importance of a EUR 63 million ($68.9 million) loan from the European Bank for Reconstruction and Development and the European Investment Bank lending Ukrposhta EUR 30 million ($32.8 million) to finance investment in digitalization.

He also highlighted the establishment of air mail delivery links with the United States.

Looking forward to 2024, the manager identified digitalization as a top priority for the company. Ukrposhta aims to provide digital services to “100% of Ukrainian cities and towns,” coupled with implementing a filly automated parcel sorting process at 18 new mail sorting facilities.

Pending additional permits, Ukrposhta plans to extend banking and medicine delivery services coverage across the country.

Інші новини

Все новости