Deyan Daneshki, Executive Director of state-owned postal carrier Bulgarian Posts EAD, has said that the company expects a loss in its 2012 financial report. In a Wednesday interview for the Focus news agency, Daneshki noted that the company was striving to reduce the negative financial result as much as possible.

He made clear that Bulgarian Posts EAD had closed 2011 at a loss of BGN 9.2 M. Daneshki argued that the negative financial results of the state-owned company had largely been caused by the liberalization of the market of postal services from January 1, 2011, which had given private operators the opportunity to enter the market with aggressively low prices, Novinite reports.