Over the next 5 years, Russia will invest USD350m in the development of mail delivery systems, Deputy Minister of Telecommunications and Information Alexander Kiselyov reported at a press conference in the Domodedovo airport.
Read MoreRussian-French joint venture EMS Garantpost, a Russian express mail service, increased net profit 29% year-on-year in the 2002 financial year (from June 1 2002 to May 31 2003) to 71 million rubles.
EMS Garantpost turnover amounted to about $20 million, up 42%. The volume of received and transported freight increased 13.3%.
Read MoreNew tariffs on universal postal services (i.e. sending postal cards, letters and parcels) take effect in Russia today. From now on, sending a postal card will cost RUR3.15 (about $0.1), an ordinary letter RUR4.25 ($0.14), a registered letter RUR6.3 ($0.21) and a parcel RUR7.4 ($0.24).
Read MoreThe Russian government, at its meeting here on Tuesday, will consider a concept of the development of the postal services market in a period ending in 2010.
According to the document, prepared by the Ministry of Communications, by 2010 letters are to be delivered throughout Russia within six days at most. Within the boundaries of one populated area, written correspondence is expected to reach addressees within one working day (at present, most of letters are delivered to their destinations within a space of about three weeks)
Read MoreThe Russian government approved a plan for developing the country’s postal service Tuesday, Russia’s Communications and IT Ministry said.
The government required the Communications and IT Ministry to present a detailed version of the concept as well as a plan for its implementation by September 1.
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