Germany’s Deutsche Post World Net said on Wednesday that its profit rose by nearly 50% in 2000 as the former postal monopoly went on a buying spree to push into foreign markets and expand beyond delivering mail. Net profit jumped 48% to 1.5 billion ($1.3 billion) from $895 million the previous year. Sales advanced 46% to $29.2 billion from $20 billion.
Read MorePostal services worldwide are concentrating on the market offered by the
Internet by issuing digital certificates; the United Nations is trying to
develop standards that would allow the digital certificates to be used in
different countries
International comparison of postal markets for Germany, France, The Netherlands and Sweden.
Read MoreMarch 28, 2001 — The German government has decided to extend Deutsche Post AG’s lucrative domestic letter monopoly by five years through the end of 2007, waiting until European Union regulations for postal markets are established. The monopoly on the delivery of letters and catalogues was scheduled to run out at the end of 2002. According to government spokesman Uwe-Karsten Heye, however, Germany wanted to wait for European-wide legislation on the postal markets before allowing Germany to open up.
Read MoreOn
March 20th, competition officials in the European Commission (EC) enjoyed a
rare moment of satisfaction when their boss, Mario Monti, announced the
findings of a lengthy inquiry into the group’s business practices.
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