Russian Post has announced plans to invest RUB 9.5 billion (EUR 273 million) this year inmodernisation of its infrastructure and network, and in automation of processes and shipment
handling, the Finmarket information agency reported. This compares to investment of just RUB 600million (EUR 17.3 million) in 2004.The investment follows a 26% increase in revenues to more than RUB 30 billion (EUR 863million) for the first half of 2007.
In the first half of 2007, Russian Post handled and delivered 22.3 million parcels whereas in2003-2004 annual parcel volumes made up only 12-13 million items, the report said.
“EMS Russian Post”, the Russian Post express subsidiary, also increased volumes by 42% to687,000 shipments in the first half-year, Finmarket said.
