Brazil’s government to announce privatisation of Correios

Empresa Brasileira de Correios e Telégrafos (Correios) is on the list of seventeen state-owned companies that will be privatised later this year, according to Brazilian media outlet G1.

In the justifications for the privatisation of the postal service, Minister of Economy Paulo Guedes points to corruption, political interference in the management of the company, inefficiency, constant strikes and loss of market to private companies in the delivery of goods sold over the Internet and e-commerce.