Under the Memorandum with the International Monetary Fund the authorities had pledged to identify by the end of June 2012, a strategic investor to acquire 20 percent of CNPR in a capital increase operation. The initial deadline for the privatization of the Romanian Post Company by a share capital increase had been March 2012.
CNPR has considerably trimmed its losses from 28 million euro in 2010 to 4.3 million euros at the end of 2011. In January 2012, the company posted a gross profit of 1.4 million euros, by 16.6 percent higher than in December of the previous year.
