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Agreement On Trust Management Of "Haypost" Is Prolonged For Half A Y

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  • Agreement On Trust Management Of "Haypost" Is Prolonged For Half A Y

    AGREEMENT ON TRUST MANAGEMENT OF "HAYPOST" IS PROLONGED FOR HALF A YEAR, TRANSPORT MINISTER SUGGESTS TO CHANGE THE MANAGEMENT MODEL OF THE COMPANY

    /ARKA/
    DECEMBER 6, 2011
    YEREVAN

    YEREVAN, December 6. /ARKA/. Terms of contract on trust management of
    Dutch company Haypost Trust Management B.V. of national postal operator
    of Armenia - "Haypost" (Armpochta) is prolonged for six months.

    Press-service of the Armenian Transport and Communications Ministry
    informs that a relevant agreement was signed on Monday by Transport
    Minister Manuk Vardanyan and Haypost Trust Management B.V. General
    Director Juan Pablo Gechidzhyan.

    Agreement on transfer of the company "Haypost" in Haypost Trust
    Management B.V. was signed on November 30, 2006 in Yerevan for 5 years
    with the right of prolongation of the agreement for the similar period.

    Vardanyan said that the programs envisaged by the company "Haypost"
    were not fully implemented, particularly during five years only 84
    post offices were repaired out of 250 and only a part of universal
    services was introduced.

    In this regard the Minister suggested to change the management form
    that will provide an opportunity to invest not only at the expense of
    the company's profit by the new contract, but also new investments
    which will allow to have a modern and renovated post offices and
    a full list of universal services, to ensure the implementation of
    modern technologies and recruitment of new staff.

    "Otherwise the opportunity of review of the agreement or its
    termination will be discussed", states the press-release.

    ARKA News Agency asked "Haypost" to clarify the situation and expects
    comments from the company's press-service.

    On November 30, 2006 agreement on transferring the Armenian company
    "Haypost" under trust management of Dutch "Haypost Trust Management"
    was signed for 5 years with the right of prolongation for another
    five years.

    CJSC "Haypost" is a national post operator operating in Armenia. It
    has 900 post offices in the territory of Armenia




    From: A. Papazian
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