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Ukraine’s Nova Poshta secures US$11.7m loan from EBRD

The European Bank for Reconstruction and Development (EBRD) has loaned Nova Poshta €9.5m (US$11.7m) as part of a seven-year loan.

Nova Poshta, Ukraine’s largest privately owned postal company, will use the funds to support the construction of a new, automated parcel sorting terminal in the city of Khmelnytskyi, western Ukraine, and for the introduction of new, automated parcel sorting technology by the end of 2019.

It will also be used to contribute to the improvement of fleet utilisation by 25% on inter-city routes by the end of 2020, and the reduction of annual CO2 emissions by 1,570 tonnes by the end of 2020.

This is one of the first multi-currency loans provided by the EBRD to local corporates in Ukraine, with disbursements available both in euro and Ukrainian hryvnia.

April 10, 2018

Written by Kirstie Pickering


Video Exclusives


Tompkins launches autonomous robotic sorting system

Technology developer Tompkins Robotics has partnered with IT provider Lab Z to launch its t-Sort portable, automated sortation system. The new solution uses a network of automated drones fitted with tilt trays to harmoniously sort parcels and packets into dedicated containers.

30 January, 2018


FarEye launches Drop&Pick app in Europe

Digital logistics platform FarEye has launched its cloud-based web and mobile app Drop&Pick in Europe. The app allows logistics firms to set up local stores as automated parcel shop hubs to meet the growing demand for fast, convenient parcel dispatch and collection.

23 January, 2018

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