Bulgarian Postal Services Market At 84.7 Mln Euro in 2006
The Bulgarian postal services market was estimated at about 166 mln Bulgarian levs (USD 117.1 mln/84.7 mln euro) in 2006, the annual report of the Communications Regulation Commission (CRC) showed on July 18, 2007.
No comparative figures were available.
Express delivery services and parcel shipments accounted for 67 pct of the market.
The revenue of the deliveries segment jumped by 87 pct in annual terms last year. As many as 45 couriers operated on the market at the end of 2006. The strong competition in the deliveries segment had a negative impact on the share of state-owned Bulgarian Posts, which shrank to 36 pct in 2006 from 50 pct in 2004 and 42 pct in 2005.
According to experts, the new couriers registered higher revenues due to the better quality of their services, investments in new technologies and lower expenses on networks development.
Yet, Bulgarian Posts was the sole player that offered integrated postal services in 2006. It had four rivals on the local market in the field of money transfers — Finance Engineering, Faktor I.N., Easypay and Cash Express Service.
