Tag: Magyar Posta

Postal service to raise some fees from November 15

Posted by | Nov 8, 2002 | |

State-owned Magyar Posta Rt will be able to raise centrally-regulated postal fees on average by a maximum of 5.6pc from November 15, under a decision by the Ministry of Information Technology and Communications (IHM), the Ministry informed MTI on Thursday.

Magyar Posta called for the price rise to counter this year’s losses as well as the expected rise in operating costs next year. The rise should bring the postal service an extra HUF 300m in revenue this year and another HUF 2.5bn next year, calculating with a 3pc increase in turnover in 2003. IHM approved the price rise after consulting with the Ministry of Finance and taking the government’s inflation target into consideration.

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Hungary to Jump-Start Post Privatization

Posted by | Jul 31, 2002 | |

A new market-friendly, centre-left government and changes at the top of state agency APV are expected to give fresh impetus to Hungary’s stalled privatisation programme. This, in turn, should bring fresh blood to Budapest’s moribund stock market and put Hungary back on the map for foreign investors who have switched to other countries in the region as they gear up to join the European Union. Miklos Kamaras, newly appointed Managing Director at APV, the body charged with holding state assets, said on Wednesday he was working closely with the new coalition of Socialists and liberal Free Democrats to jumpstart state sell-offs.

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HDI co-operates with Magyar Posta

Posted by | Apr 19, 2002 | |

HDI, the German insurance group, has announced a co-operation agreement with the postal service in Hungary, Magyar Posta, under which it has set up a non-life insurance company.

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Magyar Posta stretches out

Posted by | Apr 1, 2002 | |

Magyar Posta Rt, the state-owned postal monopoly, is stepping up efforts to evolve into a financial services center, leading some executives and analysts to express concern that the government is trying to increase its role in the market.
Magyar Posta’s Chairman and CEO István Kalmár told reporters last week that the firm intends to set up an insurance company, targeting civil servants and public sector employees. That is some 780,700 people, who currently work at institutions whose budgets are funded by the government, according to the Central Statistics Office (KSH).

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