Nova Poshta to invest €10m to expand into whole Europe

Nova Poshta to invest €10m to expand into whole Europe

The Nova Poshta to investing 10 million euros in business development in Europe until 2025, planning to open 200 branches in 30 countries

“We will invest EUR 10 million,” he said while opening its first Nova Post branch in Lithuania, adding that the company has already invested EUR 1 million in network development in Poland.

“In total, we plan to open 200 branches in 30 countries. At least three branches will be opened in Lithuania in the near future, as well as one each in Riga and Tallinn. Everything will depend on the number of customers and shipments.”

According to Popereshnyuk, the company also plans to open branches in 12 cities in Germany within three months.

“The first one will appear in Berlin in early May,” he said.

“The work is already actively underway there.”

Nova Poshta delivered 315 million parcels in 2022. However, the company did not disclose financial numbers for the past year.

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