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September 24, 2021
BUSINESS

Romanian Post privatization consultancy contract to be signed by week’s end

The consultancy contract for the privatization of the Romanian Post National Company (CNPR) will have been signed by the end of this week, Communications Minister Dan Nica said yesterday. The deadline set for the signing of the consultancy contract for the privatization of the Romanian Post is Sept 27 or 28, 2012, according to HotNews.ro. “Our intention is to conclude by the end of the year all the steps toward privatizing the company,” Dan Nica said. Of the two consultancy contract bids put in by PricewaterhouseCoopers (PwC) and KPMG respectively, the Ministry of Communications and  Informational Society  (MCSI) chose the offer made by KPMG Romania and the law firm Tuca Zbarcea&Associates. The telecom regulating authority (ANCOM) is going to extend by a year, to Dec 31, 2013, the Romanian Post’s obligation to provide postal services, a money-losing activity for the operator, Mediafax reports. Also, ANCOM proposed a net cost compensation mechanism being established for this activity assimilated to the supply of the universal service. The net cost for supplying the universal service represents the losses sustained by CNPR as a result of fulfilling its obligations related to carrying out these operations.The net cost compensation will only be made at the request of the CNPR and will be financed from a universal service fund managed by ANCOM.

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