Tag: France

Investment plan to modernize French Post

On June 2nd the Board of Directors of the French Post approved an investment plan of 770m euros to be spent over the 2005 to 2007 period to help modernize the network of Post Offices. Of the total amount 150m will be devoted to a training program and another 150m devoted to implementation of an IT system that would allow the Post to adopt new trends and launch new products. The balance will be devoted to renovations that will reduce queuing time in post offcies. Press Release available in French.

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World Bank and ‘La Poste’ team up to reach socially responsible French investors

The World Bank and La Poste, the French postal system, have teamed up to offer a new investment product for French retail investors. For the first time starting today, individual investors will be able to purchase a La Poste financial product called ‘Toniciel Banque Mondiale,’ making it easier for individuals to help fund, and have direct information on, the World Bank’s programs in developing countries. From June 6 to July 20, 2005, La Poste clients will be able to invest a minimum of EUR500 in the La Poste 5-year term deposit, ‘Toniciel Banque Mondiale.’ The funds invested in this product will be used by La Poste to purchase a bond issued by the International Bank for Reconstruction and Development (IBRD), the main lending arm of the World Bank.

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La Poste signs agreement regarding outlets managed by shopkeepers

La Poste, the French postal service operator, has signed an agreement with the association of the French chambers of industry and commerce, the permanent assembly of professional associations and the confederation of tobacco sellers regarding postal outlets that are managed by shopkeepers. The agreement allows shopkeepers to offer most of the services provided by a post office, including the sale of stamps, the dispatching of packages and registered letters and some financial services. Shopkeepers will not be able to set their own prices, but will be paid 250 euros a month for providing these services, compared with 130 euros at present, and will also receive commission of between 3 and 5 per cent on the turnover that they achieve on postal services.

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French Regulator ART changes name to Arcep

French telecommunications regulator ART has changed its name to Arcep (L’Autorite de Regulation des Communications Electroniques et des Postes), to take account of the French postal and electronic communications sector, it was reported on May 31, 2005. The name change has been planned since the beginning of 2005, but the new name was unveiled recently. Arcep (www.arcep.fr) was set up to regulate the liberalised postal and electronic communications sector.

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Promulgation of new French Postal Law

New legislation on the postal sector in France, which, by 1 January 2006, will authorize the state postal service operator La Poste to create an establishment and will also open the postal sector to competition, has been promulgated in a state legal publication.

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Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

 

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