Postal service to raise some fees from November 15
State-owned Magyar Posta Rt will be able to raise centrally-regulated postal fees on average by a maximum of 5.6pc from November 15, under a decision by the Ministry of Information Technology and Communications (IHM), the Ministry informed MTI on Thursday.
Magyar Posta called for the price rise to counter this year’s losses as well as the expected rise in operating costs next year. The rise should bring the postal service an extra HUF 300m in revenue this year and another HUF 2.5bn next year, calculating with a 3pc increase in turnover in 2003. IHM approved the price rise after consulting with the Ministry of Finance and taking the government’s inflation target into consideration.
Including the November 15 increase, centrally-regulated postal fees will rise by 5.8pc for the whole year.
Prices will be raised for products such as mass mailing postcards and mid-sized advertising materials. The general public accounts for only 10.3pc of the turnover of these products which are used mainly by enterprises such as banks, insurance agencies and other businesses. Budgetary institutions cover 21.5pc of the cost of these services.
