MaltaPost plc - Interim Directors’ Statement

On 5 July 2022, MaltaPost plc issued an Interim Directors’ Report relating to the recent approval by the Malta Communications Authority to certain upward revisions in postal tariffs. While welcoming the development, MaltaPost explained that these changes do not fully address the material financial issues deriving from its Universal Service Obligations and other developments which took place in recent years such as the repercussions of the pandemic on logistics and costs, as well as the negative impact brought about by Brexit and the introduction of VAT on low-value purchases made from outside the EU.

MaltaPost concluded by noting that it will continue with its duty to advocate for its interests and those of its stakeholders.