Tag: EU

EU Won't Allow Compromise over Deutsche Post's Subsidy-Repayment Order

Posted by | Jul 16, 2002 | |

Deutsche Post AG will not be allowed to make a compromise solution to the repayment of 572 million euros in what the European Union Commission has judged to be illegal subsidies, people close to the German postal-services and logistics giant said on Tuesday.
These people cited top-ranking Commission officials. EU Competition Commissioner Mario Monti ordered the repayment in mid-June, when he ruled that Deutsche Post has been using receipts from letter post, over which it has a monopoly, to cross subsidize cut-throat pricing in areas that have been opened up to competition. According to Monti, the German government’s decision to secure Deutsche Post a monopoly that can be used in this way is tantamount to the provision of illegal subsidies.

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EU seeks repayment of Deutsche Post funds

Posted by | Jun 20, 2002 | |

The European Commission cracked down on Deutsche Post AG for the third time in little over a year Wednesday by ordering the repayment of what it said was EUR 572 million ($540 million) in illegal state aid.
The commission’s anti-monopoly authorities found that the national post office, which is majority owned by the government, used state funds from 1994-1998 to undercut rivals in its unprofitable package-delivery business. While domestic mail delivery remains a monopoly in Germany, parcel services have been open to competition for years.
“This decision is a victory for fair competition and customer choice,” said Anton van der Lande, an executive in Brussels for a rival delivery firm, United Parcel Service. UPS instigated the commission’s investigation when it filed a legal complaint in 1994.

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Deutsche Post denies report it will cut postal charges to avoid EU fine

Posted by | Jun 17, 2002 | |

Deutsche Post World Net AG said a report that it plans to reduce letter postal charges in order to avoid a hefty fine from the EU for alleged malpractice is pure speculation.
The company’s statement follows today’s report in Handelsblatt newspaper that it plans to cut prices gradually over time, thereby foregoing about 572 mln eur in revenue, to avoid an EU fine.

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Deutsche Post Set to Cut Letter Rates to Avoid Subsidy-Repayment Order

Posted by | Jun 16, 2002 | |

Deutsche Post AG plans to cut the rates it charges for letter delivery in several stages, a move from which it expects to lose revenue totaling 572 million euros, in a bid to avoid having to repay subsidies running into hundreds of millions of euros.

The European Union’s Competition Commissioner, Mario Monti, has accused Deutsche Post of using receipts from letter post, over which it has a monopoly, to cross subsidize cut-throat pricing in areas that have been opened up to competition. The European Union Commission is to decide on the matter on Wednesday. It’s expected that it will make its highest ever demand for the repayment of subsidies.

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EU Commission to decide Wednesday on Deutsche Post parcel subsidisation

Posted by | Jun 14, 2002 | |

The EU Commission should decide Wednesday on action to be taken about charges Deutsche Post World Net AG has subsidised its parcels operations through revenues on its monopoly mail business, spokesman for EU competition commissioner Mario Monti said.
Spokesman Michael Tscherny declined to confirm or deny a Financial Times report that the competition services of the Commission recommend upholding the complaint and fining the company over 500 mln eur.
The 20 commissioners should decide on the action to be taken at their weekly meeting Wednesday, he said.

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