September 19, 2018

PostMaster plans EUR 1 mln investment

Romanian PostMaster is the largest private distributor of unaddressed mail and operator of private postal services. In 20122, the company reported a net profit of RON 2.2 million (EUR 492 million) and expects a similar result this year. Meanwhile, the turnover is expected to gain 10 % to EUR 11 million in 2012. The company plans to invest EUR 1 million for acquiring transportation vehicles, software and sorting equipment. The distribution market for unaddressed mail (marketing and informative catalogs) is estimated to reach 800 million sent advertising materials and PostMaster’s market share in this segment exceeds 60 %. Companies using this instrument are active in the retail, FMCG, financial services and DIY sectors. Romania will liberalize the postal services market starting 2013, which is currently dominated by the state-owned Romanian Post.

Source: Business-Review (read more)

Regardless of the revenue source, however, each state has its own formula for financing k-12 education, based largely on review the priorities set by the state board of education

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