{"id":10429,"date":"2026-06-02T08:02:03","date_gmt":"2026-06-02T08:02:03","guid":{"rendered":"https:\/\/ofero.news\/?p=10429"},"modified":"2026-06-02T08:02:03","modified_gmt":"2026-06-02T08:02:03","slug":"romanian-post-criticises-its-restructuring-plan-dictated-by-government","status":"publish","type":"post","link":"https:\/\/ofero.news\/?p=10429","title":{"rendered":"Romanian Post criticises its restructuring plan dictated by government"},"content":{"rendered":"<p>The general manager of the Romanian Post, Valentin Stefan (PNL), stated that the company\u2019s management has drafted the reorganisation, restructuring, and financial recovery plan for the company to reduce accounting losses from previous years, only because the government asked it to do so \u2013 but he personally does not believe in the document, <a href=\"https:\/\/www.profit.ro\/stiri\/social\/exclusiv-posta-dam-afara-vreo-2-000-angajati-vrem-rapid-mult-profit-cere-guvernul-plan-credem-fortati-l-facem-antibusiness-n-ar-bine-ne-extindem-afara-tarii-castigam-cota-piata-22459615?mc_cid=4777d9e0b8&amp;mc_eid=cd1f92f96c\" target=\"_blank\">Profit.ro<\/a> reported. In turn, the company could improve its profit by firing 2,000 employees, who are redundant at this moment, he said, adding that the executive wouldn\u2019t accept this solution.<\/p>\n<p>The Romanian Post has posted net profits since 2016 (the company has not yet filed its 2025 financial reports), after it accumulated wide losses (and debt) during 2009-2015.<\/p>\n<p>It does not make sense to ask the company to pay its historic debts \u2013 instead, it should be allowed to focus on investments, Stefan argued. The bank\u2019s management envisages entering the financial services market, along a model followed by similar companies in Sweden and Italy, he said.<\/p>\n<p>The Romanian Post will apply for a license from the National Bank of Romania (BNR) and plans to extend short-term loans at a more affordable cost compared to other non-bank financial markets, Valentin Stefan said. However, the company\u2019s new core activity, which the shareholders are invited to approve, is \u201cother financial services\u201d (or NACE 6499), not including financial intermediation but rather payments.\u00a0<\/p>\n<p>In the meantime, the document drafted for the government, to be discussed and approved by the shareholders (Fondul Proprietatea holds 6.25%), is just some paperwork for the government, Stefan explained, according to <a href=\"https:\/\/www.profit.ro\/povesti-cu-profit\/financiar\/exclusiv-ultima-ora-posta-romana-va-fi-banca-valentin-stefan-ceo-vom-deschide-conturi-bancare-carora-le-vom-asocia-si-carduri-bancare-vrem-sa-oferim-si-microcredite-22459576?mc_cid=4777d9e0b8&amp;mc_eid=cd1f92f96c\" target=\"_blank\">Profit.ro<\/a>.<\/p>\n<p>\u201cIt&#8217;s a plan we don&#8217;t believe in, but we did it because we were forced to do it,\u201d the general manager said, implying that the government forces all state-owned enterprises to follow the same recovery policies.\u00a0<\/p>\n<p><em>iulian@romania-insider.com<\/em><\/p>\n<p><em>(Photo source: Facebook\/Posta Romana)<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>The general manager of the Romanian Post, Valentin Stefan (PNL), stated that the company\u2019s management has drafted the reorganisation, restructuring, and financial recovery plan for the company to reduce accounting losses from previous years, only because the government asked it to do so \u2013 but he personally does not believe in the document, Profit.ro reported. [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10429","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/10429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10429"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/10429\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}