The privatization of Armenia's postal service is not expected now

The privatization of Armenia’s postal service is not expected now, Hans Boon, Trust Manager, Haypost Company, told ARKA.

The world experience shows that post is initially a state-run enterprise, part of public service. It can become a state-owned commercial structure. Only after that can post be privatized, Boon said.

According to him, privatization of post is the most difficult process, and any steps toward privatization must be most prudent and careful.

He also said that it is the Government that must make a decision on privatization of post. “Today we should think of post’s near future, which is in the formation of a powerful post sector and development of cooperation with the private sector,” Boon said.

A contract for the transfer of the Haypost Company (Armenia) to the trust management of the Haypost Trust Management Company (the Netherlands) was signed in Yerevan on November 30, 2006. Under the contract, the company was transferred to the Dutch company’s trust management for five years, with the right to prolongation for five years.

“Haypost Trust Management” “Amsterdam, Netherlands) was founded to implement the trust management program. The company is operating as part of cooperation with the Post Finance International Company, which is specializing in modernizing postal services in developing countries