Slovak Post Office sees 2005 revenues up 7 pct

Slovenska posta, the Slovak Post Office, expects to raise revenues by seven per cent to Sk8.106 billion this year, chief executive Jan Ptacin told reporters today.

He added profits should reach Sk254 million. The company plans to focus on permanent profitability and on market liberalisation expected in 2009.

Slovenska posta also plans to change postcodes as of next year.

The company expects to lay off 266 people to cut staff numbers to 16,421.

Jozef Vavrek, director for operations, said Slovenska posta registered a nonstop increase in the number of deliveries, both inland and international, despite the boom in electronic mail and short messages.

Slovenska posta, a joint-stock company since October 1, 2004, provides services through 1,591 post offices and 24 partner post offices run by individuals.

frj/er