Tag: Magyar Posta

Hungarian Post Office to manage internet public procurement system for 10 years

The Hungarian Post Office has been granted concession rights to carry out public procurement on the internet for 10 years. The electronic public procurement system will operate as a market place. The system was introduced to the public by Istvan Stumpf, minister at the Prime Minister’s Office, and Istvan Kalmar, director-general of the Hungarian Post Office.

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Hungarian Post Office bids for all shares of state-owned Postabank

The Hungarian Post Office Rt has made an open bid for the purchase of all shares of [the state-owned] Postabank Rt at 180 per cent of their nominal value. The bid, which was published in Magyar Toekepiac [Hungarian Stock Market] today, has not yet been approved by the state supervision of financial institutions.

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Communications Authority prepares for changes

A study on the cost-based price formulation for postal services had been completed by the Hungarian Communications Authority and Andersen consulting. The study concluded that prices for services which are set by the government, such as postage rates for letters and small parcels are in line with cost-based prices determined by Magyar Posta Rt.

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Hungary: Government gives Postabank's state-owned shares to Post Office

The Hungarian Post Office has welcomed the government decision that 100 per cent of the state-owned shares of Postabank [a large retail bank formerly in difficult position before it was consolidated from large state funds under the current government] will be given to the Hungarian Post Office, the
director-general has said. He said the aim of this decision was turn Postabank into a real people’s bank.

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