Qualified approval for 7 cent stamp rise in Ireland
The Commission for Communications Regulation (ComReg) has agreed in principle to allow An Post to increase the price of a stamp by seven cent to 48 cents.
But in a decision published yesterday the regulator deferred a final ruling until An Post sets up a discount scheme to help small firms with the cost of postage. This final ruling is now due after August 15th and should open the way for price increases on a range of postal services from the end of this month.
The increases will be worth E18 million a year to An Post, which last week published its biggest annual losses of E70.5 million. An Post welcomed the ruling last night, which it described as the first major increase in Irish postal prices since 1991.
