TCE launches first private post office network in Romania

Newsroom 21/06/2010 | 10:57

TCE, part of RTC Holding, has announced that it will launch the first private post office network in Romania under the TCE Post Office brand.

“Although 2009 was a very hard year for the market, Romania has a lot of catching up to do, including in the field of postal and courier services dedicated to individuals and small companies. As the market has slowly liberalized (opened), it hasn’t lost its attractiveness. It will offer growth perspectives to those that have the operating capacity to offer such services at a national level, as is the case of TCE,” said Sorin Sofian, CEO of TCE Holding.

The company plans to open over 2,000 such offices in the next five years, estimating that the business will reach EUR 7.5 million, according to

Dan Rosu, business unit manager of TCE Post and project manager of TCE Post Office.

The division will offer traditional post office services as well as courier options, anywhere in Romania and in another 20 countries.

There are 46 such offices already operating, 6 out of which are run under the agency regime.

TCE Logistic declared insolvency earlier this month. The courier posted for 2009 a EUR 19.5 million turnover but a negative EBITDA of EUR 350,000. It has run up a EUR 8.5 million debt, EUR 3.3 million of which is credit.

This was the second company in the RTC Group controlled by businessman Octavian Radu that has initiated insolvency procedures, after retailer Diverta.

Simona Bazavan

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