March 11, 2010, 9:35 CET
Magyar Posta aims to expand into other regional countries
State-owned Hungarian postal company Magyar Posta plans to begin offering some of its services in other central and eastern European countries, specifically Romania and Ukraine, by the complete liberalization of Hungary's postal services on January 1, 2013, the business daily Vilaggazdasag reported on Thursday, citing Magyar Posta CEO Ildiko Szuts.
Ms Szuts said that Magyar Posta intends to implement its planned expansion in cooperation with a western European postal service.
The Magyar Posta CEO noted that in 2010 the company will spend HUF 10bn (EUR 37.45) on investments, which will include construction of a second logistics center just northeast of Budapest, establishment of an international exchange hub at Budapest Ferihegy International Airport and renovation of the 98 busiest post offices in Hungary.
Ms Szuts remarked that Magyar Posta intends to compensate for the decline in traditional postal activities with an increase in financial, money-transfer and electronic services.
The Magyar Posta CEO said that the company already derives 75pc of its revenue from competitive market-operations.
Magyar Posta generated revenue of HUF 193.76bn in 2009, down 1.88pc from HUF 197.49bn in 2008, and after-tax profit of HUF 6.53bn last year, down from 16.6pc from HUF 7.83bn from the previous year.
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Oh nice, now this means that neighboring countries will also be having their mail stolen by Magyar Posta. I wonder what all those employees do with mine and other peoples things they steal. Imagine stealing a childs Baptisim Dress. They should be prosacuting these people, not giving them lucrative business.
We've never had any problems with the "Posta".
My wife's sister sent us a package with pálinka and paprika - maybe here around Héviz things are better ...