Tag: Polish Post

Polish Post (PP) will construct four logistics and sorting centers in 2005, which will be added to the existing two centers operating in Warsaw and Poznañ.
“The investments will consume zl.1 billion,” said Andrzej Pacholski, operating director of postal operations at PP. In order to further boost its competitiveness the company will also offer financial services later this year. “By the end of January we will choose three to four investment funds which will get exclusive cooperation rights for a definite period of time,” said Mariusz Wnuk, director of financial and market services at PP.

Poczta Polska, (PP) Polish Post Office will go public in 2006. “Making the company public will be highly profitable, however, it will not happen next year. We’re thinking it might happen in 2006,” said PP director general, Tadeusz Bartkowiak on Thursday. He added that the work to transform the firm into a joint stock company was in progress.

Polish Post is aiming to develop into a joint-stock company by the first half of next year. “We are trying to change our company’s status from a public utility enterprise to a joint-stock company,” said PP’s executive director Tadeusz Bartkowiak during a Sejm Infrastructure Committee meeting. “We want the change to occur as soon as possible and we are hoping that the Sejm will be able to work on the issue in the first half of 2005,” he added. The board of directors has accepted the proposal and it is now due to be discussed by the Post Council, which meets on November 23-24.

In preparation for a fiercer battle with the competition due to the liberalization of the postal market, Polska Poczta (PP) Polish Post will begin changing its structure next year. 100 additional services that PP currently offers on over a dozen markets will be grouped into three main departments – a postal one, a financial one and a logistics one.