By Asbarez | Tuesday, 26 May 2015
An HyePost office in Yerevan.
YEREVAN (Armenpress)—The Government of Armenia is planning on privatizing HyePost, CJSC, the country’s national postal service provider.
A discussion will be held at the government’s next cabinet meeting on May 27, where a decision will likely be made to categorize HyePost as a government-owned company slated for privatization, along with a number of other companies, in line with a 2006 law on privatizing state assets.
The sole shareholder of the company is the Republic of Armenia, namely the Ministry of Transport and Communication. It is hoped that the privatization of HyePost will lead to private investments, an increase in cash flow and the modernization of the company.
comments
A Nation Betrayed, A Future to Reclaim: Why Unity is Our Only Path Forward at the 2026 Elections
Armenia Has Become Largest Buyer of Indian Weapons
ARF AU Statement: In solidarity with Tavush
OPED: The Beginning of a New Struggle
Already Scarce Bread to be Rationed in Artsakh Due to Blockade
Artsakh Political Factions Agree On New President
Pashinyan Warns International Community of New Azerbaijani Attacks Against Armenia, Artsakh
Artsakh Students, Kidnapped by Azerbaijan, Released into Armenian Custody
Artsakh Says Azerbaijan’s Demands Further Complicate Situation