Today, on 27 October, the Ministry of Finance of Ukraine and JSC Ukrposhta signed a mortgage agreement to secure the performance of the guarantee obligations in the amount of EUR 30 million under the Guarantee Agreement (Ukrposhta Development Project: Logistics Network (Ukrposhta Modernisation and Digitalisation) between Ukraine and the European Investment Bank.

The signatories of the agreement were Deputy Minister of Finance of Ukraine Olga Zykova and Ukrposhta CEO Ihor Smilyanskyi.

The aim of the Project is to transform the logistics network of JSC Ukrposhta, which will help ensure timely delivery of parcels, as well as improve operational efficiency and the quality of postal services in general.

“The implementation of the joint project with the EIB to transform the logistics network of Ukrposhta will help improve the company’s capabilities as the main domestic postal operator and allow it to provide postal services in accordance with the best international standards,” said the Deputy Minister of Finance of Ukraine during the signing.