TNT Argentina, the Argentinean subsidiary of TPG, the Dutch express delivery and logistics services holding company, has made a cooperation agreement with Programa Argentina Exporta, an Argentinean export promoting body, to advise local small and medium-sized companies on how to market their products abroad. The agreement will help small and medium-sized companies to increase exports.
Read MoreA government panel in charge of postal services policy on Tuesday approved an application by Nippon Express Co to launch a special mail delivery service, panel officials said.
Read MoreA Ministry of Posts council have approved the entry of 17 firms into the letter delivery service, enabling them to join the 21 other companies that already have been approved to engage in these operations under limited circumstances on April 1.
Read MoreState-run Slovenska posta, the monopoly provider of postal services in Slovakia, will be transformed into a joint-stock company at the beginning of May, and the state will be the sole owner, according to a bill approved by the Slovak cabinet.
The new legislation still has to be okayed by Parliament and signed by the President.
Read MoreThe SA Post Office was poised to post its first operating profit in many years, when it closed its books at the end of March.
The parastatal is expected to post an operating profit of R1,8m, compared with the R154,6m loss in the previous financial year and R577,4m in March 2001. Revenue of R4,5bn (R4bn) has been budgeted for, with operating expenses at R4,466bn (R4,243bn). Chief financial officer Nick Buick briefed Parliament’s committee on public enterprises on the Post Office’s turnaround, saying it was achieved partly through the termination of value-destroying contracts to the tune of about R200m, which had produced savings of about R100m.
Read MorePostcomm today proposed a modification to an interim licence held by TNT UK Ltd to enable the company to carry more letters under its mailroom services contracts. The current licence held by the company for this work limits the number of items to be conveyed to 40.5 million per year. The proposed modification would remove this limit.
Read MoreThe revenues from Russia’s postal services rose 15%-20% on the year to 30 billion rubles in 2003 according to preliminary data, the general director of the state-owned Russian Post company Igor Syrtsov told reporters.
Currently, Russian Post operates in 25 out of Russia’s 89 regions, while in other regions there are regional post service departments, which are expected to join Russian Post by the second quarter of this year, he said.
Read MoreCharity finance organisations have criticised proposals to abolish the Royal Mail’s VAT-exempt status, warning of a massive hike in the cost of direct mail.
The Royal Mail does not currently charge VAT for its postal services, but other postal operators are required to, at 17.5 per cent. The postal services regulator Postcomm says that although this has little effect on those businesses that can reclaim VAT, many major mailers, including charities, are not able to, putting Royal Mail competitors at a disadvantage.
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