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New order of setting prices for universal postal services approved

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  • New order of setting prices for universal postal services approved

    ARKA News Agency, Armenia
    Dec 7 2007


    New order of setting prices for universal postal services approved in
    Armenia


    YEREVAN, December 7. /ARKA/. The RA Public Services Regulatory
    Commission has approved the order of submitting financial reporting
    and the order of setting and revising prices for universal postal
    services rendered by the Haypost (Armpost) CJSC. Head of the Pricing
    Policy Department Armen Arshakyan said that the main idea of the new
    order is the division of services and prices into universal and other
    types.

    He pointed out that universal services include delivery of letters
    and parcels up to 20 kg., periodicals to rural regions, as well as
    the delivery of documents.

    Commission Chairman Robert Nazaryan pointed out that he expects the
    company's efficient cooperation with the Commission in the
    population's interests.

    `We hope that the decisions will produce positive results, and the
    population will feel considerable changes in the services rendered by
    Haypost in a year,' Nazaryan said.

    Haypost Director General Hans Boon pointed out that the company has
    to do substantial work, and the documents approved by the Commission
    will find their proper application in the Commission's cooperation
    with the company. The Commission's decision is to take effect from
    January 1, 2008.

    A contract for the transfer of the Haypost company to the management
    of to the Dutch Haypost Trust Management was signed in Yerevan on
    November 30, 2006. Under the contract Haypost was transferred to
    5-year trust management with the right to prolongation for the next
    five years.

    Haypost Trust Management (Amsterdam, Holland) was founded to
    implement a trust management program and is cooperating with the Post
    Finance International Company, which specializes in reforming and
    modernizing postal services in developing countries.

    The Dutch manager plans to invest a total of $12mln in the
    modernization of Armenia's postal service. Among the priorities is
    the improvement of quality, foundation of a special bank, Post Bank,
    in Armenia, which is to be opened in the near future.-0--
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