Under the plan, Posta Romana will seek to diversify its products and services in a bid to raise revenue and turn a profit and will renegotiate its contracts with economic operators.

The postal operator is currently undergoing a capital hike, the ministry said.

In 2016, Posta Romana had a turnover of RON1.1 billion and a net profit of RON10 million, from a loss of RON33 million the year before, according to finance ministry data.

The company had 24,000 employees.

In 2009-2013, the postal operator amassed losses of RON565 million.

Posta Romana is 75% owned by the state through the ministry for information society and 25% by investment fund Fondul Proprietatea.