According to Finance Ministry data, in 2010, Posta Romana registered losses of RON120.99 million (EUR28.74 million, calculated at an average exchange rate of RON4.2099/euro announced by the central bank for 2010).
Posta Romana reported pre-tax profit of EUR1.2 million in December 2011 and EUR1.4 million in January 2012. In 2012, the postal operator committed to keep up investments, improve its services and develop new projects on segments targeting financial services, e-commerce, fast delivery services and direct mail.
Posta Romana is Romania’s largest provider of postal services. The company is 75%-owned by the Communication Ministry, and investment fund Fondul Proprietatea (FP. RO) holds the remainder 25%. Posta Romana has a network of over 7,100 postal offices.
In early October 2011, the Government approved a memorandum regarding the privatization of the postal company, whereby the state will cede a part of its stake to an investor that must contribute to increasing the company’s share capital. According to the document, the state might reduce its stake to 51%, but will remain major shareholder, while Fondul Proprietatea might reduce its stake to 15% unless it participates in increasing the company’s share capital.