US Firm Ready to Take Over 35 Post Offices Closing in Budapest

  • 6 Oct 2022 7:22 AM
  • Hungary Around the Clock
US Firm Ready to Take Over 35 Post Offices Closing in Budapest
US-based company Mail Boxes Etc. (MBE) would like to take over the majority of the 35 post offices to be closed in Budapest, as part of its network expansion programme, the postal and business services company announced.

Magyar Posta announced last week that it had decided to close 35 low-traffic branches in Budapest at the end of this week.

CEO Hannya Ernesto of MBE Magyarország said Magyar Posta has already been contacted, and they hope that negotiations will begin soon.

He added that, in addition to taking over the buildings, MBE also plans to keep the employees.

The converted post offices would continue to provide public services, he noted.

MBE, founded in the US in 1980, operates in 53 countries with 2,900 offices and more than 12,000 employees.

MBE Magyarország joined the franchise network in 2019. The Hungarian company realised Ft 64.9 million in revenue in 2021, and it expects to reach more than Ft 120 million this year.

MBE already operates a post office in Budapest’s Sixth District and another in the 13th, and will soon open a third unit at the airport.

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit and click on 'Free Trial Subscription’.

Explore More Reports

  • 366 Post Offices Closed Across Hungary

    366 Post Offices Closed Across Hungary

    • 14 Nov 2022 7:26 AM

    In Budapest and in several towns, signatures were collected to save post offices from closing, to no avail: on Friday, 366 post offices closed down due to high energy prices.