Lower revenues mean Poczta Polska will need new sources of financing

Poczta Polska will have to look for new sources for financing its operations following a reduction in state subsidies. Initial figures show that Poczta Polska's income decreased last year to zl.48.13 million, while the profit ratio was also lower at 1.77%. Leszek Kwiatek, the director general at Poczta Polska, said that the majority of income came from increases in the price of services. To meet European Union standards and to finance inf rastructure projects, the company will have to find around zl.2 billion, and they hope that the government will guarantee its bank loans. "If we fail to do this, then probably next year we will issue bonds," said Kwiatek. The draft postal law envisages a liberalization of postal services. The bill would considerably decrease the current monopoly of Poczta Polska. (Prawo i Gospdarka, p. 4; Puls Biznesu, p. 9) P.W.