Romanian Post National Company will end 2014 with a RON 65 M return, Razvan Cotovelea, minister for Informational Society said on Wednesday at the conference that launched the Romanian Post’s Insurance Broker.
The national post company registered RON 530 M losses during 2008-2012. Last year, losses have reached almost RON 30 M related to a RON 1.15 bl turnover. Alexandru Petrescu, Romanian Post general manager, also attending the event, announced that postmen’s wages would see an average RON 100 rise.
As for the company’s privatization process, minister Cotovelea said a bid from the Belgian post operator bpost is expected in the spring of 2015. The Belgians are to take over the majority equity stake.
Big plans ahead Romanian Post Insurance Broker
As we mentioned before, the Romanian Post launched the Insurance broker division on Wednesday. General manager Petrescu said the division’s target is to become the biggest player on the profile market in the next 12 months, with an estimated RON 2.5 M return in 2015. The return is to be gained from the commissions collected from the insurance contracts distribution. “We have 12,000 letter carriers who will ensure the policies’ distribution”, Petrescu said, according to Mediafax.