Serbian postal service plans acquisitions in region

PTT Srbija (Post Serbia) Director Milan Krkobabic has said that this public company plans to expand in the region, B92 reports.

He specified that PTT was looking to acquire "some of the postal services in the region".

- Instead of going for privatization of PTT, the management's idea is to try and buy something in the region. Do not be surprised if we show our interest in Montenegrin Post, and (postal services of) surrounding countries - he was quoted as saying on Friday.

Krkobabic stressed that the company's strategic business plan envisaged that it would remain whole, while ideas about privatizing some units have been rejected:

- We will not repeat the experiences from the neighboring countries. This system will strengthen, it will be profitable, fill the budget and create new jobs. We put an end to all attempts to sell, sell off, and disintegrate the (PTT) system - he said.