Haypost Armenian postal operator to go private

The respective law amendments will be submitted for the parliament’s consideration, head of state property management Arman Sahakyan said at the government meeting. 

According to Sahakyan, the privatization will help develop the post sector through new investments, modernization of technologies, rehabilitation of infrastructures and implementation of social programs. 

“Attracting of additional investments will help create a postal operator with broad regional coverage in the country and offering good-quality post, finance and retail services to the population while using modern technologies,” Sahakyan said. 

According to the report, privatization and investments are expected to help modernize infrastructures, repair some 250 post branch offices, procure new cars, install 750,000 post boxes, build an automated post sorting center in Yerevan, expand opportunities for opening branch offices in the diaspora, arrange sales of Armenian postage stamps in the world and introduce online services system.

Haypost closed joint stock company is the national postal operator in Armenia with about 900 offices across the country. The company was handed over for trust management for five years in 2006, and the contract was then extended for another five years. 

Today the company provides services to over 7,500 client destinations through its 885 postal offices, 250 of which were fully repaired and modernized. Armenia’s ministry of transport and communications is the sole stockholder of the company today. 

As of January 1, 2015, number of the company’s staff was about 3,000 employees. The authorized stock is about 521 million drams. ($1 – 479.9 drams). –0--