Tag: Europe

MRW new distribution centre

MRW recently started operations at a new distributin centre in Villena (Alicante province). In addition the company has doubled capacities at its logistics platforms in Alicante, Lleida, Iviedo and Pamplona. MRW currently operates a network of 717 franchise bases as well as 35 distribution and logistics centres with an overall area of 89,400 sqm in spain, Portugal, Andorra and Gibralter.

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Swiss Post accused of flawed accounting

Swiss Post made a greater profit last year than its accounts show, according to a report by PostReg, the new postal-market regulatory authority. The report, published on Wednesday, found there had been serious breaches of the service’s legal regulations. Swiss Post has denied the accusations. In 2004 Swiss Post recorded a profit for its basic or universal service of SFr522 million (USD400 million), but PostReg said the figure should have been at least SFr776 million.
It accused Swiss Post of disregarding legal guidelines in its book-keeping methods.

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Privatisation of Austrian postal service likely in 2006

Österreichische Post (Post Austria), the 100% state-owned mail service provider, is currently in the midst of a large-scale restructuring process aimed at streamlining operations and reducing costs ahead of the government’s objective to privatise the company in 2006 (a final decision on the sale is expected to be taken in September 2005).

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Osterreichische Post to buy out Feibra Magyarorszag

Austria’s postal company Osterreichische Post informed competition authorities on Tuesday that it is purchasing Hungary’s largest distributor of advertising fliers, Feibra Magyarorszag, the Austrian press agency APA reported. Osterreichische Post already owns 75pc of Feibra Magyarorszag’s Austrian parent and is planning to buy the rest. Both Osterreichische Post and Feibra declined to comment on news of the deal when asked by APA on Tuesday. The deal is expected to be completed in August at the earliest.

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Italy post office aiming for privatisation in 2006

Vittorio Mincato, chairman of the state-owned post office company Poste Italiane SpA, said the management is working to ensure the group’s privatisation next year. Speaking on the sidelines of a conference, Mincato said that the economy minister Domenico Siniscalco is expected to give indications regarding the company’s privatisation in the 2006 budget.

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