Magyar Posta to outsource post offices

Hungarian postal operator Magyar Posta Zrt plans to “outsource” more than 1,000 post offices across the country to private operators, reports portal hirado.hu. The process will involve five different tenders, the first of which will take place next summer, and involve 220 offices in four counties.

Under existing law, Magyar Posta is forbidden from closing any additional post offices, having already shuddered more than 100 this year. But maintaining its massive network of offices is also impossible due to financial constraints, and executives of the company expect these measures will save it Ft 2.5 billion (EUR 10 million) in 2009.

Entrepreneurs wishing to participate in the tenders have to own an office of at least ten square meters, while the locations being put out to tender are among the network’s smallest, with an annual turnover of between Ft 2.5 (EUR 10 million) million and Ft 10 million (EUR 40 million).

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