Tag: Hungary

TNT Hungary revenue jumps 26 percent in 2007

Posted by | May 22, 2008 | |

Net revenue of the Hungarian unit of Amsterdam-based express delivery company TNT jumped 26pc in 2007 as the result of a one-off project, managing director of TNT Express Worldwide Hungary Marton Jarosi said at a press conference in Budapest on Thursday. Mr Jarosi declined to reveal an absolute revenue figure.

The unit’s revenue rose well over TNT’s global revenue increase of 9.5pc in 2007.
TNT Express Worldwide Hungary spent a little more than HUF 300m on developments last year, including HUF 120m to build a 1,200-square-metre logistics centre in Szombathely, near Hungary’s border with Austria. The centre is the unit’s third in Hungary. TNT Express Worldwide Hungary also spent HUF 55m to upgrade its IT system and HUF 128bn on other infrastructure investments.

This year the unit plans to spend HUF 310m on investments, including HUF 83m on IT developments. Mr Jarosi said TNT is market leader on Hungary’s HUF 20bn a year express delivery market. The unit employs a staff of 459.

1.00 USD=155.313 HUF

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Magyar Post commits to the GHG reduction Programme

Posted by | Apr 3, 2008 | |

Magyar Posta joins the Green House Gas Reduction Programme. They are the 15th member to agree to an ambitious average 10 pct reduction of greenhouse gas emissions over the next five years.

The postal sector in Europe, through the very nature of its activities, has an impact on the environment, mostly in the form of greenhouse gas emissions. Most of these CO2 emissions result from the use of road transport, aviation and building energy usage also contributing significantly.

There is however considerable scope for improvement and as a vital sector of the European economy, the postal sector is committed to providing an example, by working closely with customers, suppliers and other stakeholders in order to reduce the whole sector’s impact in Europe and worldwide.

Elaborated by PostEurop’s Environment Working Group under the authority of the Social Responsibility Committee, the Greenhouse Gas Reduction Programme is fully in line with the Kyoto Protocol and the European Climate Change Programme targets. Its aim is to measure and assess the reduction efforts of participating postal operators and to create synergies by exchanging best practices in that field.

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Sixteen Postal Operators Sign REIMS III Terminal Dues Agreement

Posted by | Apr 1, 2008 | |

After two years of negotiations European postal operators have reached a new agreement on terminal dues payments replacing the REIMS II Agreement in force since 1997.

The REIMS III Agreement took effect on 1 January 2008 with sixteen European postal operators committing to it. REIMS stands for Remuneration for the Exchange of International Mails. The sixteen posts that are now part of REIMS III are from the following countries: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Lithuania, Luxembourg, Norway, Sweden and Switzerland.

Additional posts are expected to sign the agreement, which will remain open for signature for all present and former parties of the REIMS II Agreement and the REIMS East Agreement that participated in its negotiation.

REIMS III continues with quality of service standards much more ambitious than the targets under the EU Postal Directive. The individualized penalties in REIMS III for not reaching the J+1 standard and a target of 93 percent will continue to produce quality of service benefits. Transitional rules have been outlined that will continue to raise targets for those parties that have not yet reached 93% J+1.

A second benefit in the REIMS III agreement is that ensures that terminal dues as stipulated in the EU Postal Directive are cost-based, and are based on regulated domestic tariffs in the delivering country.

The parties to REIMS III have the firm commitment to continue to offer Third Party Access in line with the EU Commission’s 2003 Exemption Decision.

With the REIMS East transitional arrangement and the REIMS and REIMS East IDM Agreements incorporated into the REIMS III Agreement, it is expected that more REIMS East parties will sign the REIMS III Agreement during 2008.

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Hungarian Prime Minister says Magyar Post could be listed

Posted by | Feb 27, 2008 | |

Prime Minister Ferenc Gyurcsany said this morning that lottery company Szerencsejatek, Hungarian Electricity Works MVM, postal service Magyar Posta and the State Motorway Management Company AAK could be among the state-owned companies to be listed at the Budapest Stock Exchange, according to MTI-Econews.

Speaking during a morning television program, Gyurcsany said that the state-owned Volan bus companies is not among the state-owned companies whose shares the government might float on the BSE as part of a program announced on Feb 18.

The prime minister added that the government’s current plan would stipulate a 10-15 pct preference and a 1 mln forint limit per individual on the purchase of the shares of state-owned companies to be included in the share program.

Gyurcsany said that 5 pct of the price of the shares would have to be paid at the time of their subscription.

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