In 2012, Posta Romana reported loss of RON52.06 million and turnover of RON1.21 billion.
“The company still registered loss at the end of the first nine months and expects profit in October fueled by a 12% wage cost cut after it laid off 3.650 employees, Smeeainu said.
Posta Romana currently employs 27,500 people.
“The company will start insurance brokerage activity most likely on January 1, 2014. Posta Romana has submitted at the Financial Supervisory Authority all documents needed to get the license,” Smeeainu added.
He said Posta Romana will open its first franchised postal office in at most 30 days.
The company operates a network of 5,600 postal units.
It registered debts of RON568.2 million at the end of 2012, up 2.9% on the year. The company expected profit in each of the past four years but amassed losses of RON530 million.
Posta Romana is to be privatized in 2014. It is owned by the Communications Ministry (75%) and investment fund Fondul Proprietatea (FP.RO) (25%).(EUR1=RON4.4382)