EU approves 1.3 billion euros state compensation to Poste Italiane

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The state funding covers the 2020-2024 period, with a maximum annual compensation of 262 million euros to the post office.

“Ensuring access to postal services is essential for all European citizens and businesses. Today’s decision enables Poste Italiane to continue delivering basic postal services across the Italian territory at affordable prices, without unduly distorting competition,” EU antitrust commissioner Margrethe Vestager said.

($1 = 0.8354 euros)