Hungary seeks higher postal services subsidy threshold

Telco

Photo by Shutterstock.com

Hungary will ask the European Commission to raise the subsidy threshold for state-owned postal company Magyar Posta to allow it to continue to meet its universal service obligation, state news wire MTI reports citing a statement Magyar Posta CEO György Schamschula made during an interview with commercial broadcaster InfoRádió.

Speaking ahead of wage negotiations, Schamschula said Magyar Posta needs more money to pay its employees to ensure delivery service that extends to the most remote areas in the country.

The minister in charge of managing state assets has been given a mandate to negotiate with the European Commission on a rise in the subsidy level allowed Magyar Posta, he added.

Magyar Posta got HUF 4.9 billion in subsidies and discounts in 2018, down from HUF 9 bln in 2017, public records show.

ADVERTISEMENT

Business Sentiment Up, Consumer Confidence Down in September Analysis

Business Sentiment Up, Consumer Confidence Down in September

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.