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Magyar Posta inaugurates HUF 1.2 bln investment

State-owned Hungarian postal company Magyar Posta on Wednesday inaugurated a HUF 1.2 billion investment at its electronic postal center in Budapest.

CEO László Geszti said the investment was an important milestone in preparation for the deregulation of the postal market.

CFO Attila Rajnai said Magyar Posta paid for the investment with its own resources.