Rakušan to unveil details on Czech Post's transformation

Czech Interior Minister Vít Rakušan (Mayors and Independents Party) will announce details regarding the transformation of Česká pošta on Thursday. The state enterprise will split into two entities next year: one focusing on basic postal services and state-related services, and the other, Balíkovna, specializing in commercial parcel services. Balíkovna might be sold afterward. Česká pošta recently secured a five-year postal license, ensuring state compensation for operating 2,900 branches. Last year, the company reduced its previously heavy losses to 756 million CZK, with a slight revenue increase to 19.037 billion CZK. This year, it aims to break even.