Director of Bulgarian Mail Fired Yet Again

Business | November 29, 2013, Friday // 15:07|  views

Plamen Pavlov, CEO of Bulgaria's state mail operator Bulgarian Post, has been released from his duties due to the company's poor performance.

This is the fourth change in the Post's managing positions within the last six months.

Pavlov, who has been the company's CEO only since end of July this year, has been dismissed by Bulgaria's Minister of Transport Danail Papazov a week after reporting to a parliamentary committee about his work.

MPs from ruling coalition senior member Bulgarian Socialist Party were not happy with the report, writes

Valentin Petrov, a Socialist functionnaire from the Pernik regional organization, and current Bulgarian Post board of directors member, is to be appointed at the company's helm.

After a liberalization of the mail services marked, Bulgarian Post started registering losses, and finished 2012 with a net loss of BGN 11 M.

A similar number is expected for 2013.

Mail officers came out in protest over the summer, amid rumors of layoffs and oncoming privatization.

Minister Papazov has denied either, saying the state has no intention to sell Bulgarian Posts, and promising an increase of salary.

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Tags: Plamen Pavlov, Danail Papazov, Bulgarian Socialist Party, privatization, layoffs, Valentin Petrov


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