01.09.2012

Romania's Court of Accounts has found a series of problems responsible for losses in the activity of state-owned postal operator Posta Romana, including prejudicial contracts with Blue Air, the more

12.23.2011

Romania's IT&C Ministry has selected audit and advisory firm KPMG Romania for the evaluation of the state-run postal company Posta Romana in view of privatization, the ministry said Friday. more

12.16.2011

Romania's IT&C Ministry will launch a public tender December 22 to hire a professional assessment company for the evaluation of the state-run postal company Posta Romana in view of privatization, the more

12.08.2011

Romanian government has pledged to find a strategic investor to buy at least 20% in postal company Posta Romana during a capital increase operation in 2012 and to start collective layoffs under a more

11.09.2011

The future strategic investor of Romania's national postal company, Posta Romana, will be chosen by a consortium made up of an investment bank and a law house, which will be selected by January 31, more

11.03.2011

Romania's Ministry of Communications will select a consultant, who in December will begin looking for a strategic investor to take over a stake of up to 33% in the national postal company Posta more

10.21.2011

The Austrian Post, with EUR2.3 billion in turnover last year, has entered the Romanian market through the acquisition of 26% in PostMaster, preparing to gain business when the monopoly of state-owned more

10.14.2011

Romania is willing to cede a 34% stake in state-owned postal company Posta Romana to an investor that must contribute to increasing the company’s share capital, according to an official document. more

09.23.2011

Romanian oil refinery Astra Romana (ASP) Ploiesti will contribute in kind to increasing the share capital of Hidro Bitum Teleorman, a company part-held by InterAgro owner Ioan Niculae. more

09.06.2011

Romania’s telecom regulator ANCOM has selected PricewaterhouseCoopers Audit to provide it with consultancy services it needs to develop the accounting registry system of postal company Posta Romana, more

08.10.2011

A lot of things need to be changed at state-owned postal company Posta Romana, from the mentality of some employees who do not understand they work in a competitive environment, to work habits and more

07.27.2011

About 2,000 mail carriers are expected to picket the headquarters of the Romanian Communication Ministry next Tuesday over layoff plans within the state-owned postal company Posta Romana, the National more

07.12.2011

Romanian postal company Posta Romana will continue its reorganization with the closing of 450 offices and restructuring of 1,400 jobs, having closed 900 offices earlier this year, bringing its network more

07.12.2011

Romanian state-run postal company Posta Romana cancelled or suspended in 2010 and 2011 service contracts amounting to EUR441 million and, following this measure, it will switch to profit in July, the more

07.05.2011

About 2,000 out of 34,000 jobs will be cut from Romania’s state-owned postal company Posta Romana and 450 jobs will be cut from the National Radiocommunications Company’s current 1,950 jobs, more

06.21.2011

Romania’s state-owned postal company, with EUR327 million in turnover and EUR29 million losses last year, has terminated three contracts worth around EUR90 million in total, signed between 2006 and more

06.17.2011

Romania’s state-owned postal company Posta Romana will start an ample restructuring process that will last over the next months and that will save an annual 50 million lei (EUR11.8 million) in more

06.14.2011

Postal company Posta Romana Tuesday said will borrow 40 million lei (EUR23.1 million) from lender Banca Comerciala Romana, or BCR, to help finance working capital. more

06.14.2011

Romania’s state owned postal company Poata Romana will send its employees on two days unpaid leave each month starting June 1, until the end of the year, hoping to cut its monthly expenses by 7 more

06.08.2011

State-held postal company Posta Romana ended last year with a loss of EUR29 million on a turnover of EUR327 million, after posting EUR43 million-loss in the preceding year, according to company more

06.06.2011

Ionut Gogu, advisor to Communications Minister Valerian Vreme, and business partner of the minister’s wife, left the Board of Directors of state-owned postal company Posta Romana following a ZF more

06.03.2011

Ionut Gogu on Thursday stepped down from his position on the board of the Romanian state-owned postal service, citing personal reasons. more

05.27.2011

Restructuring the Romanian postal service will affect around 2,000 employees, or 6% of the total staff, some of whom will be laid off, company president Daniel Neagoe told MEDIAFAX. more

05.26.2011

The board of Romanian state-run postal company Posta Romana will discuss Thursday a restructuring plan which aims to get the company ready for the liberalization of postal services set for January 1, more

04.20.2011

Romania's settlement body CNSC on March 25 decided to cancel the public procurement auction organized by postal company Posta Romana to buy an integrated information system to help the company enhance more