Czech Post to be split into public and private components by 2023

The Czech Post (Česká Pošta) will be split into a state-owned company, providing state services through its branch network, and a private segment, which will continue to focus on offering mainly commercial services, Interior Minister Jan Hamáček said on Friday. The split should take place within three years.

The decision was made in the interest of maintaining the competitiveness of Czech Post. The private part of the Czech Post enterprise will not be forced to cover the losses of the state-owned segment.

The exact strategy of how to divide the company will be worked out in cooperation with the Interior Ministry this year, with changes in legislation to follow in 2022.