Italy’s Economy Ministry is seekine to reduce Poste Italiane’s debt-to-gross domestic product ratio by transferring 35% of its stake to Cassa Depositi Prestiti, the state long term financing agency.
Read MoreReview of year for: quality of service, Reims II, terminal dues, intelligent mail, e-parcels, EMS, registered mail, expres, RFID, CAPE, UNEX
for An Post / Department of Postal Services Cyprus / Magyar Posta / Post Denmark / Swiss Post / Australia Post / La Poste Belgium / Iceland Post / Poste Italiane / TPG / Canada Post / Deutsche Post / La Poste / Posten / USPS / Correos / Finland Post / Norway Post / P&T Luxembourg / CTT Correios / Osterreiche Post / Austria Post / Royal Mail
P:LibraryPostalAnnual ReportsIPC Annual Review 2003.pdf
The Italian communications ministry is said to have classified more than 5,000 small post offices in various parts of Italy as uneconomical. The branches in question are all unable to cover their operating costs, with almost 1,500 of them making a loss. Each of them serves fewer than 500 households.
Read MorePoste Italiane, the state-owned mail service, made a profit in the first half of 2003 (€2 million). In the year earlier period, Poste Italian lost €61.9 million. Sales increased in the reporting period by 3.6% year-on-year to €3.78 billion.
Read MoreItalian state-owned postal company Poste Italiane posted a net profit of €2.0m ($2.2m) for the first half of 2003, compared to a net loss of €61.9m ($68.6m) for the same period of 2002, it was reported on September 5, 2003.
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