Nova Poshta LLC plans to increase investments in the Moldovan market to $880,000 in 2024, which is 4.5 times more than the amount of such investments in 2023, the company’s press service reported on Wednesday.
“The main part of the investment will be aimed at expanding our network, repairing branches, automating workplaces, updating the IT infrastructure and increasing the car fleet for delivery by couriers,” said Serhii Shapran, CEO of “New Post” in Moldova.
In addition, in 2025, Nova Poshta plans to create a new sorting hub in Moldova, where business clients will be able to use fulfillment services.
According to the company’s announcement, during 10 years of operation in this country, “Nova Poshta” has become one of the three fastest deliveries in Moldova, has built a network of 21 branches, 261 post machines and three sorting terminals.
In addition, it was the first in the Moldovan market to launch parcel drop-off points based on existing business: shops, gas stations, etc. Currently, there are 53 delivery points in Moldova, and the company plans to further expand their network.
According to the report, in the first half of 2024, “Nova Poshta” delivered 1.1 million parcels in Moldova – almost the same as in the whole of 2023 (1.2 million), and paid 12.5 million lei in taxes to the local state budget of this countries
“Nova poshta” in Moldova delivers parcels from the marketplaces of China, America, Ukraine, as well as to/from Romania.
The company is also working on integrating Moldova into the Nova Post Europe system, which will enable customers to send and receive parcels from 13 European countries.
In the first half of 2024, the company delivered 771,000 international parcels, compared to 590,000 for the whole of 2023.
As reported, Nova Poshta increased its consolidated net income by 22.6% to UAH 24.45 billion in the first half of 2024, while the company’s consolidated net profit decreased by 36.9% to UAH 1.48 billion.
