Tag: CTT Correios de Portugal

Portugal CTT Invests EUR 20 Mln in New Image

Posted by | Jan 21, 2004 | |

Portuguese postal service CTT-Correios de Portugal will invest 20 mln euro (25.2 mln) in the improvement of its corporate image, it was reported on January 21, 2004. The process will include, among others, the creation of a new company logo for CTT’s post offices and changes in the company’s car park. The programme will continue until 2006. Some 8.0 mln euro (D10.07 mln) of the total will be invested in new outfit for the CTT’s employees. The new image will help the company in its program for expansion to foreign markets scheduled to start in 2004, it was added. CTT eyes entering Spain and Brazil.

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CTT Portugal Sells Stake in Security Transpost Co.

Posted by | May 5, 2003 | |

Portuguese post office CTT – Correios de Portugal has sold its 20 pct stake in security and cash transportation company Esegur, to banks Caixa Geral de Depositos (CGD) and Banco Espirito Santo (BES) for a total 6.0 mln euro (USD6.7 mln), it was reported on May 5, 2003. Esegur is now wholly owned by CGD and BES.

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Portugal braces for two-day postal strike

Posted by | Apr 28, 2003 | |

Mail will go undelivered on Wednesday and Friday in Portugal as employees of loss-making state postal firm CTT strike against plans to reduce staff and privatize some services, postal workers’ union SNTCT said. The union, which represents some 17,000 postal workers, said in a statement the job action is a protest against “the handing over of postal offices and services to the private sector, the reduction in staff levels and the elimination of benefits.”

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European Commission intends to exempt REIMS II from the antitrust rules but requires third party access

Posted by | Apr 23, 2003 | |

Today, the Commission published a notice in the Official Journal inviting third parties to submit their comments on the so-called Agreement for the Remuneration of Mandatory Deliveries of Cross-Border Mails (REIMS II). REIMS II is an agreement on the remuneration that public postal operators (PPOs)° pay each other for the delivery of incoming cross-border mail. This remuneration is also referred to as “terminal dues”. Seventeen PPOs from the European Union and the EEA are parties to the REIMS II agreement. After receiving the comments of interested third parties to be submitted one month after publication of the OJ the Commission will take a final decision on whether the system of terminal dues can be exempted from the antitrust rules. The Commission will also decide on the length of the exemption to be granted.

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Portuguese Post ‘goes Dutch‘ with TNT

Posted by | Oct 25, 2002 | |

Postlog, the express division of CTT and the Portuguese national subsidiary of TNT Express, which is a leading Netherlands-based international business-to-business carrier, have launched a new joint product called XPress.

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