Photo: new.pochta.uz
Uzbekistan’s national postal operator, UzPost (O‘zbekiston pochtasi), has responded to media rumors about the possible sale of the state’s stake in the company to a Russian online marketplace. While the company did not confirm these reports, it stated its readiness to attract investment as part of its transformation amid the rapid growth of e-commerce.
In a press release, UzPost emphasized that any changes involving a major investor would be publicly disclosed in accordance with the law.
“At present, the shareholders of O‘zbekiston pochtasi JSC remain state institutions represented by the Ministry of Economy and Finance, the Agency for Management of State Assets, as well as five enterprises with state participation and more than 16,000 legal entities and individuals,” the statement said.
The company explained that the need for investment is driven by the global trend of declining demand for traditional postal services and the rapid expansion of the e-commerce market. UzPost is considering attracting funds to modernize its infrastructure, develop logistics, implement digital solutions, and expand its branch network—particularly in rural areas.
UzPost expects that the implementation of these plans will increase the national operator’s competitiveness, introduce modern quality standards, improve access to services in remote regions, and create new jobs.
The statement followed reports claiming that the state’s share in UzPost had been privatized and sold, allegedly to the Russian marketplace Wildberries. However, no official confirmation of this information has been issued.
UzPost JSC has been Uzbekistan’s national postal operator since 1992. The company employs more than 7,000 people. In 2024, it reported a net profit of 843.9 million soums (about $68,600) and revenue of 603.5 billion soums (around $49 million). UzPost’s market capitalization is estimated at 285.9 billion soums (over $23 million).
