Romanian Post expects gross positive result for 2013 after communication authority payment

The state-owned Romanian Post expects to report a gross positive result for 2013 after receiving from the communication authority ANCOM the amount estimated at RON 30 - RON 50 million (EUR 6.7 - 11.2 million), for the postal company’s services, reports local Mediafax. By a decision of ANCOM, the Romanian Post was designated universal service provider in Romania starting 2013. Thus, the company is obliged to provide postal services at tariffs and under conditions set by the regulatory authority. With the full liberalization of the postal market on January 1, 2013, Romania has established a new mechanism to compensate the net cost of universal service provision. “Considering the Romanian Post’s turnover in 2013, the estimate indicates a net cost between RON 30-50 million,” said Dan Dumitrescu , spokesman of the national postal operator, cited by Mediafax. The Romanian Post is the largest local operator in this sector, and runs a network of over 5,600 local units. Irina Popescu, irina.popescu@romania-insider.com