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Czech Post looks to deliver new strategy

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State-owned postal operator Czech Post has one of the densest branch networks in Europe for a population which is not that keen on writing letters, postcards, or sending parcels. Cost cutting has helped the service turn modest profits in recent years but Czech Post now faces operating losses if changes are not forthcoming. One move is to franchise off most of its branch network. Another is to fix a new formula to compensate Czech Post for countrywide public service.

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