Russian Post to make USD400M from new services by 2006

The state-owned Russian Post company plans to receive U.S. $400 million in revenues from new services by 2006, the company’s acting director Igor Syrtsov told a news conference Wednesday.

In 2002 the revenues from these Internet-related services accounted for 3% of the postal service’s total revenues.

The Russian postal industry took 28 billion rubles in sales in 2002, up 26.7% on the year, Russia’s Communications and IT Minister Leonid Reiman said Tuesday

The new services, promoted by Russian Post, are Kiberpocht@ (Cyberpost), Kiberpress@ (Cyberpress), and some others.

Kiberpocht@ envisages the installation of Internet outlets at post offices. Internet outlets had been introduced in 2,600 post offices as of January 1, 2003.

Post office Internet outlets have served 1.9 million customers and generated 37 million rubles in sales since August 2001 when the Kiberpocht@ project was launched.

The Kiberpress@ project is designed to enable quick delivery of printed media anywhere in Russia. It involves installing terminals in the regions, which will receive an electronic version of the Moscow newspapers, to be printed out later.

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