The newly appointed Director General of Ukrainian state-run postal enterprise Ukrposhta Ihor Smeliansky seeks to increase the company's revenue from today's $180 million a year to $1 billion a year within three or five years.

"If we speak about more global indicators, now Ukrposhta's revenue is around $180 million a year. I would like that it would be $1 billion in three or five years," he said in an interview with Interfax-Ukraine.

He said that the company's profit with revenue of $1 billion would be some $100-150 million.

"This will depend on many factors: whether we raise loans from international organizations, how we will increase wages and how many we will spend on advertisement. I hope that with revenue of $1 billion the company’s profit will be $100-150 million," he said.

Commenting on the forecast indicators in 2016, he said that they will be revised.

"It was forecasted almost the same as last year. I think that we will increase revenue and spending," he added.

Smeliansky said that the company's spending will increase on advertisement and investment in new products and services.

"I think that I would not disclose commercial secret when I say that the advertisement budget of Ukrposhta in Kyiv for this year is UAH 50,000. Do you see an advertisement of Ukrposhta? This was enough to print stickers," he said.