Globally, and as regards our country, Rafael Bou, partner responsible for the real estate sector of PwC, notes that “in Spain we have the advantage that they see us as a country with growth prospects above the European average and that we enter later in the expansive real estate cycle ». As to 2019, May 2019 Calendar South Africa anticipates great transactional intensity and price consolidation. Sharing letters has long since become a ruinous business for Correos, and increasingly it is more. First, because it is an activity in sharp decline; second, because Correos has the obligation to reach any corner of Spain -guarantee the universal postal service-, and that entails enormous costs in a country with a very extensive and very sparsely populated rural environment. The drift has ended up anchoring to Correos y Telégrafos S.A. in a recurrent losses, in some red numbers that have fattened unchecked between 2015 and 2018. In the last four years, this historic state entity has added net losses of around 320 million euros. In 2018, its red figures were a record: 178 million euros, according to the provisional results account that is included with its budget program this year. Of course, in the losses of 2018, the bulk has been due to a totally extraordinary cost: the return to the State of 137 million for subsidies received by Correos in the period 2004-2010 and that the EU declared illegal.
May 2019 Calendar South Africa
In terms of turnover, the revenues of this public company are articulated in two basic ways: the ordinary billing for its commercial activity and the money paid by the State for guaranteeing the universal postal service, a compensation for the cost that it means having to guarantee that all residents in Spain can send or receive a letter at a “social” price, wherever they live. The problem is that Correos does not know for sure how much it receives each year for that state compensation, because that contribution remains at the discretion of the government of the day.
The postal unions say that it is one of the reasons for the losses that this company has been throwing for years. In 2017, for example, May 2019 Calendar South Africa invoiced 1,641.87 million for its commercial activity, and received another 58.7 million for providing the universal postal service. A year before, the State had paid for the same concept 180 million, while in 2018 it was around 120 million. In short, that source of income that should receive Correos for the public service provided varies without a fixed year after year, and is usually far below the commitments agreed.