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May 22, 2022

Romanian Post, RON 422 M loss in last three years

As part of the recovery plan, the company aims launching its own mobile telephony service at very low rates for rural and small urban localities.

The Romanian Post National Company (CNPR) has recorded total loss of RON 422 M in the last three years and estimates a decrease of turnover in 2013, although the company has a recovery strategy ready for the next period, CNPR CEO Ion Smeeianu said during a specialised seminar yesterday. ‘The Romanian Post is not exactly in a good situation right now. (…) The loss has been augmented by the over-valuation of contracts, their rescission and, in general, their uselessness. In 2013 we will lose the right over small weight postal services and we will use our universal right for small areas. The loss we have in those areas is to be compensated. We will see if we receive the money. For 2013, we expect a decrease of turnover’, said Smeeianu. According to the CNPR official, the company recovery plan includes the attraction of new clients as well as the development of services that suit new market trends. ‘’We have thought of a strategy for securing existing clients and attracting new ones. We will target the compulsory third-party insurance field in partnership with a bank or even through the Post own bank. We also intend to introduce a very powerful IT platform. We want to have in every commune in this country 3,500 IT points for insurance, banking and statistical services. Another business line we are already rolling out is a suite of services in the area of mobile telecom. (…) We also want the Post-Mobil service to become the best pre-pay offer on the market for the poor population. We count on 20,000 – 30,000 such cards. In addition, we plan to also sell Wi-max services together with SNR in those areas in the country where there is a deficit of internet access’, said Ion Smeeianu.He continued with additional details on the future anticipated price offer. ‘The popular offer – the cheapest one with low mobility – is somewhere in the region of EUR 2.5 per charge, valid for 180 days with the possibility of initiating calls, receiving calls, sending and receiving text messages and communications in the national fixed and mobile network. The other cost mobile offer will be about EUR 3.5 per charge and will offer the complete services of a mobile communication service. We expect to launch the services sometime at the beginning of next year, Ion Smeeianu said.

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