HAYPOST TO INVEST ABOUT 3 MILLION DOLLARS TO UPDATE POSTAL SYSTEM

Noyan Tapan
Feb 4, 2008

YEREVAN, FEBRUARY 4, NOYAN TAPAN. HayPost will invest about 3 million
dollars in order to update the postal system - against 1 million
dollars last year. The company's director general Hans Boon said at
the February 4 meeting with the staff that last year HayPost's revenues
grew by nearly 30% and made 4.1 billlion drams (about 13.4 mln USD).

According to H. Boon, the quality of postal services improved notably
last year. It was announced that 50 post offices will be repaired
this year.

Computer equipment will be installed at 80% of 900 post offices
operating in Armenia.

It is noteworthy that the repiared post office No 19 reopened at 23
Marshal Baghramian Avenue (Yerevan ) on the same day.