France's La Poste to raise basic stamp prices for the first time since 1996
France’s La Poste plans to raise basic stamp prices for
the first time since 1996, with the price of a standard French and European letter stamp rising to 0.50 eur from 0.46 eur from June 1, 2003, a Poste spokesman said.
Chairman Jean-Paul Bailly requested government permission for the tariff
increases in order to avoid a potential deficit of 315 mln eur in 2003, if the basic stamp price was kept at 0.46 eur.
La Poste will present a new 2003 budget incorporating the price increase in the coming weeks, and expects to return to breakeven for the year, following two years of net losses, the spokesman said.
