Polish Post planning zł.1 billion in investments

"The investments will consume zł.1 billion," said Andrzej Pacholski, operating director of postal operations at PP. In order to further boost its competitiveness the company will also offer financial services later this year. "By the end of January we will choose three to four investment funds (TFI), which will get exclusive cooperation rights for a definite period of time," said Mariusz Wnuk, director of financial and market services at PP. The new offer should be fully available by the middle of the year, as the firm has already implemented the necessary IT system. The investments should not damage PP's financial standing, since "Our gross profit should amount to zł.50-60 million on revenues of zł.6.1-6.3 billion," said Janina Chrościcka-Sawic, deputy general director of PP. (Puls Biznesu, pp. 1, 8) M.M.