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Nicolae Ghibu, Certsign
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Delivering change

Challenged by a privatization attempt in 2007, huge losses, a record EUR 26 mln fine, and wary of breaching competition law, the Romanian Post seems finally to be delivering on its market, with a little help from the State’s international economic agreements. Now seeking a strategic investor to put its stamp on the service, the Romanian Post is shaking off the dust of the past and going head‑to‑head with its competitors

December 2011 - From the Print Edition

Mention of the state-controlled Romanian Post (Compania Nationala Posta Romana) often invites the question: how can a company with a monopoly record losses of about EUR 73 million in just two years? Specialists talk of two big drains on the coffers of the Romanian Post. First, the salary expenses. At the end of September the state company had 33,377 employees, a number which hasn’t decreased as much as expected.
Second, there were the expenses of external services such as security, transpo...

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