By Ben Aris of bne
Thanks to non-stop rising incomes, Russians are becoming increasingly more generous. Which means more presents – and more mail. And the Russian postal service has warned that, without investment, it may not be able to cope next year.
Russian Post was expecting twice the volume over the holiday period from a year earlier – and had to cope with 3m registered letters and delivered several million more unregistered letters. Alexander Kiselev, chief executive, says: “This year’s New Year’s Eve may be the last without failure and collapse.” Read more