The responsibilities of this service consist of:
The organization, operation, improvement and control of the various
financial services of Cyprus Post.
The provision to the public of money transferring facilities.
The continuous follow-up, control and implementation of the store
requirements program, the maintenance of buildings and the purchasing of new
mechanical and other equipment necessary for the smooth functioning of
Cyprus Post and the improvement of services offered to the public.
Postal and Money Order Service
Apart from the traditional postal services, the Postal Services of Cyprus
operate a financial service, which is responsible for the issuing and
cashing of local and international money orders.
All Post Offices issue and cash Money and Telegraph Orders to and from
foreign countries and additionally issue Girocheques, which are valid only
for the United Kingdom, Postcheques and British Postal Orders.
Foreign money orders can be exchanged with 24 countries with which
bilateral agreements have been concluded.
The payment of Postcheques can be made with 5 European countries with
which bilateral agreements have been concluded
To facilitate the exchange of local and foreign remittances to the
public, efforts are being made to conclude agreements with the public sector
The turnover for 2000 amounted to Cú 906.000, showing a decrease of
approximately 9.4% from the previous year. This decrease is due mainly to
the increase in popularity of electronic banking and other means.
Purchasing and Supplies Service
During the year this service managed successfully to meet all the
requirements of the Department in mechanical and other equipment, furniture
and fittings, motor vehicles, private post office boxes, letter boxes, mail
bags, staff uniforms, stationery, e.t.c.
Cyprus Post operates 51 postal outlets. 10 of those are government owned
and are valued at Cú 5,3 million excluding value of the land. The rest are
leased at an annual cost of Cú 120.000.
During the year a considerable amount was spent on refurbishing and
modernising buildings in order to meet customer needs and business
During the year the mail van fleet totaled 49 vans, 6 less than those of
the previous year. These vans are used for the conveyance of mail between
towns. They are also used for the collection and delivery of correspondence
and parcels between post offices, sorting center stations, ports and
Furthermore, Cyprus Post uses the services of private transport
companies, which act as postal contractors for the conveyance of mail
between towns, and especially between the rural communities.
Furniture and Fittings
Cyprus Post in its effort to improve, modernize and offer a more
comfortable and pleasant service to the public has decided to renovate and
refurnish all its offices using standardized colours and new modern and
uniform furniture and fittings.
As a result of this policy, during 2000 an amount of Cú 56.000 was spent
for the renovation and refurnishing of the post offices of Vorios Polos,
Dhali, Athienou and Strovolos.
Also the general renovation and refurnishing of the Pedieos Post Office
was started and is expected to be completed by April 2001.
Cyprus Post makes every effort to improve, modernize and speed-up the
services offered to its customers and for this reason the Financial Services
are responsible for following and studying the developments of new
technologies in the international postal field.
The most important achievement of Cyprus Postal Services was the
acquisition of an automatic letter-sorting machine. This machine is expected
to be fully operational by May 2001
Unfortunately, the efforts during 2000 in purchasing additional modern
franking, vending, canceling, registering weighing machines and other postal
equipment have failed due to various difficulties arising from the tender
Furthermore, this service has successfully maintained and repaired all
the existing machines and other equipment.
During the year Financial Services successfully supplied all the Post
Offices with their stationary requirements as well as other items normally
used in offices.