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Article: Correo seeks alternative sources of income.
- Article from:
- South American Business Information
- Article date:
- June 11, 2004
CopyrightCOPYRIGHT 2004 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Uruguay, Jun 11, 2004 (El Pais/SABI via COMTEX)
The Uruguayan government is concerned with the crisis hindering the mail service Correo (Administracion Nacional de Correos) which has piled up liabilities of US$20mil, most of it with the Banco de Prevision Social, with the workers cooperative, and with the BROU. Correo annual imbalance is estimated at US$3mil and the company is pursuing a strategy to diversify its services to the distribution of tariffs for public services rendered by government owned UTE (light), OSE (water & ...