Austrian Post unit could enter deregulated Hungarian postal market in April

Pharma

Austrian Post unit Feibra could enter Hungary's recently deregulated postal market this month already, Feibra managing director István Justin said at a conference in Tapolca on Tuesday. Feibra submitted an application to enter the market for delivery of letters under 50g with Hungary's National Media and Infocommunications Authority (NMHH) in January. The NMHH ordered the company to submit supplementary materials to the application, Justin said. Feibra has been active in the direct marketing segment in Hungary for years, and it started offering delivery of letters over 50g in 2009, he said. Feibra also distributes periodicals, but this is not its core activity, he added. First, Feibra wants to apply for applications to deliver letters under 50g in Budapest and 15 surrounding communities, Justin said. It will apply to make deliveries in a further 22 communities by year-end, and next year it will apply in 25 more, he added. He said 60-100 letter carriers would be needed to serve the 16 municipalities at the start. At present, about 60 delivery staff work for the company, but the number could rise to several hundred by the end of 2014, he added. Feibra could double its annual revenue of HUF 2 billion by that time, he said.

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