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Austrian Post wants to expand in Balkan countries

Austrian postal operator Oesterreichische Post wants to get into Romanian, Bulgarian and Bosnian market in the coming 15 months, Reuters informed, cited by

We want to set up a network in the fragmented South-Eastern European market, company’s Chief Financial Officer Rudolf Jettmar said on Tuesday. We want to fill in our blank spots in Bosnia, Bulgaria and Romania, Jettmar added. He also specified that the postal operator is aiming to take over private operators working in parcel delivery or distribution of advertising.

Oesterreichische Post has spent €210 million on takeovers in the first three quarters of 2007. The Austrian Post is already present in Slovakia, Croatia, Hungary and Serbia. Osterreichische Post AG was founded on March 3, 1999 as a subsidiary of Post and Telekom Austria. Its core business activities are provision of postal and parcel services as well as handling of financial business in cooperation with BAWAG P.S.K., a partner of many years.

The Austrian Post has a sales network that is unique in Austria. With comprehensive investments in modernization of post offices and the entire logistics, the business will continue to focus on customer needs and consistently move forward on its way from a public agency to a modern service company. New products and services will not only help ensure national market leadership in future, but shall also pave the way to international activities. (