Romanian Post kicks off investment plan with EUR 43 mln loan from EximBank

Romania’s state-controlled postal services company Posta Romana announced it signed a RON 200 million (EUR 43 mln) loan agreement with state-owned Eximbank to finance a large-scale investment program, according to Romania-Insider.com.

The Romanian Post chose EximBank following a competitive procedure. The loan has a period of 12 years.

The company’s investment program aims to consolidate and maintain its market leader position in the Romanian postal sector.

The company needs to invest in postal infrastructure, digitization, and human resources, according to the recommendations received from the professional services company Deloitte.

 

Thus, the loan granted by EximBank will be used mainly for automating logistics processes (RON 68 mln), and creating and implementing an integrated digital management system architecture (hardware and software – RON 128.3 mln).

The company also wants to rehabilitate the historical monument buildings it owns in Timisoara, Piatra Neamt, Oradea, and Cluj-Napoca, with RON 54.5 mln.

Read more HERE

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