The postal company posted some €10 mln in profit for the first nine months of 2007. CNPR’s General Manager, Dan Mihai Toader, said the company's income will drop by €15 million because of the lower fees for pensions. As of next year, the postal company intends to charge the National Pension House a 1.21 percent fee for processing pensions.

Another reason for lower profits is failure to complete the privatization of the First project, (formerly known as Post-Telecom), a state-owned department responsible for administration and use of postal and basic telecommunications services. If the privatization process is not finalized by the end of the year, provisions will be made on the company, Toader added.

The postal company owns 80 percent stock in the First Project. This March, the company announced it had concluded an agreement with a Czech investment fund, Tactical Network, for the sale of its participation in First Project. Howeer, the deal was not completed.