Monday, December 5, 2022

Partial privatization of Postfinance probably off the table

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The Commission for Transport and Telecommunications of the Council of States (KVF-S) is unanimously requesting its Council not to go into the partial revision of the Postal Organization Act, as the parliamentary services announced on Tuesday. This is not surprising, because the Economic Commission (WAK-S) and the Finance Commission of the Council of States (FK-S) did not want to know anything about the bill.

In the summer of 2021, the Federal Council passed a bill to Parliament that would lift the ban on loans to Postfinance and partially privatize the financial service provider. The government wants to improve the earning power of the Post subsidiary, which is under financial pressure.

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