Tag: European Commission

Commission approves additional compensation measures for UK Post Office Limited

Posted by | May 27, 2003 | |

The European Commission has decided today not to raise objections to a further series of financing measures in favour of Post Office Limited (POL), the retail subsidiary of Royal Mail Group plc. These measures complement earlier measures the Commission approved in 2002. On 12 March 2002 the Commission approved the funding of a basic postal account to credit social benefits and from which cash can be withdrawn at post office counters for those benefits holders who do not want to open an account with a bank. On 18 September 2002 the Commission approved minimum funding necessary for POL to close 3,000 urban counters no longer required under the 2000 UK Postal Services Act (2000).

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EU deepends probe into Computer Sciences buy of UK's Royal Mail unit

Posted by | May 26, 2003 | |

The European Commission said it deepened its probe into the acquisition by Computer Sciences Corp of Royal Mail Business Systems. The commission said it is now investigating the deal under its normal procedure rather than its simplified merger procedure, which is reserved for operations that are deemed unlikely to raise competition concerns.

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European Commission gives the go-ahead to the creation of a joint venture for distribution to kiosks in Italy

Posted by | May 13, 2003 | |

The European Commission has authorised the creation of a joint venture by Holding di Partecipazioni (HdP) and De Agostini, two players on the Italian media market. The joint venture, called RCS Diffusione, will distribute to local outlets throughout the country both newspapers and magazines and a range of other products (mobile phone top-up cards, batteries and personal hygiene products). The operation does not give rise to competition concerns.

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EU VAT move could raise stamp prices – AN Post against move

Posted by | May 6, 2003 | |

A proposal by the EU to slap VAT on postal services could lead to a sharp hike in the cost of postage stamps. An Post said the proposal is at a very early stage, but has indicated that it is against the move. It said that the issue will be a matter for the Government but warned that if the full rate of VAT is applied at 21pc, this could bump up the price of a postage stamp from 41c to 49c.

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EU VAT plans `will add 5p to UK postage stamps'

Posted by | May 6, 2003 | |

European plans to impose VAT on national postal services could put 5p on the price of a stamp, it was claimed today. The Government vowed to oppose the idea, as both Conservative and Labour Euro-MPs condemned it as an unnecessary new burden on consumers. But EU Tax Commissioner Frits Bolkestein insisted there would be no “significant” price rises and said he was just trying to create fair competition between traditional state postal services and private rivals.

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