Bulgaria reforms rules for postal services
Bulgaria’s new law for postal services has been adopted at first reading in Parliament. The new rules were designed to match European Union standards, the authorities say.
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By Jan 1, 2007 Bulgaria will introduce EU’s sectoral law in postal services
The government of Bulgaria issued the following news release: The government passed the amendments to the Postal Services Law, regulating the introduction of the EU’s sectoral law in postal services by 1 January 2007. Under the amendments, the process of gradual and controlled price liberalization will go on. According to plan, the state will have monopoly on the sector of universal postal services in compliance with the clauses laid down in Directive 97/67/EC and Directive 2002/39/EC of the European Communities. The functions of entities involved in the management and regulation of postal services will be better defined, and their prerogatives will be enhanced and expanded. The independent regulatory body will have more functions in the case of breach of the law and of respective regulations. The articles in the law defining the issue of licenses to postal operators will be improved.
Read MoreTNT Bulgarian unit expects 2006 turnover to rise more than 20%
TNT Bulgaria expects its 2006 turnover to rise by more than 20%, exceeding the growth forecast for the current year partly due to expansion of its customer base, a senior TNT Express official said on Wednesday. TNT Bulgaria is to reach a turnover of about 6.0 million euro (USD7.1 million) this year, up 20% from 2004, TNT Express general manager for Eastern Europe, Mike Ogle, told SeeNews in an interview. “Our growth projections [for 2006] are in the excess of 20%,” he said. “We will achieve [the growth] through a combination of two things, we will provide good services to our existing customers, which means they will continue to trade with us, and we will continue to attract new accounts from our competition, and to a certain degree the markets are growing generically anyway,” Ogle added.
Read MoreUPS Bulgarian unit investing 1.5 Mln Euro in office and warehouses
In Time, a Bulgarian unit of US courier giant UPS, is investing three million levs (USD1.8 million/1.5 million euro) in its own office building and warehouses to reinforce logistics services, a company official said on Tuesday.
The company is building the facility near the airport in the capital Sofia and hopes to complete it at the beginning of next year, In Time head Zheni Belopitova told reporters. In Time has been operating in rented premises in Sofia since 1990 when it entered the Bulgarian market. The company saw its turnover rising by an average 20% every year in the past 15 years, Belopitova said.
Bulgarian home delivery firm BG Menu plans countrywide expansion
BG Menu, a Bulgarian home delivery company, plans to expand outside the capital Sofia next year to bank on the growing awareness of its services in the country, a senior company executive said on Tuesday. “This business is doubling in every three months,” BG Menu’s CEO Vladimir Davchev told a news conference where he presented the company’s new Web-based ordering system, developed together with Bulgarian web portal operator Netinfo.
Davchev said that BG Menu has attracted 7,000 regular clients since its launch in April but potential clients were many more.
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