Ceska posta can be joint-stock company as of January 2008

Ceska posta could be transformed into a joint-stock company as of January 1, 2008 and the cabinet should then decide whether the state will still be a 100-percent owner of the postal services provider or whether the firm will be privatised, Interior and IT Minister Ivan Langer said Sunday.
Langer now wants to launch the project of Ceska posta transformation prepared by the IT Ministry, he told Czech Television.
Ceska posta is run by the IT Ministry, which the new government wants to phase out. Ministers should decide on a new integration of postal services but also telecommunications next week. Langer said the Transport Ministry or the Industry and Trade Ministry could be in charge of those areas.
Ceska posta employs more than 38,000 people in 3,400 branches at present and has annual sales at roughly CZK 18 billion. Profit hovered around CZK 670 million in 2005.