Stamp price rise as business plummets

16th December 2003, Comments 0 comments

16 December 2003, BRUSSELS – The Belgian Post Office is to increase the price of stamps in May 2004, as their mail volume plummets by 10 percent.

16 December 2003

BRUSSELS – The Belgian Post Office is to increase the price of stamps in May 2004, as their mail volume plummets by 10 percent.

The price of second class stamps will rise from 41 to 44 eurocents, while the price of a first class stamp will be fixed at 55 eurocents as of May of next year.

Other mail services will also see price increases, such as the price of a registered letter, which will increase by 3 percent, and TaxiPost by 2 percent.

This week the Post Office is set to announce a loss of 10 percent in mail volume over 2003, a catastrophic result blamed on a heightened use of email and mobile phones.

The search for profits through either a decrease in costs or an increase in the price of services is said to be indispensable to ensure the survival of the Post Office.

A reduction in the price of stamps has been ruled out as a quick fix to pull customers back however, as it is believed email and mobile phones will remain more convenient, regardless of the price.

[Copyright Expatica News 2003]

Subject: Belgian news

0 Comments To This Article