History

Hellenic Post (ELTA) has played for 193 years an important role in the country’s social and business environment, with 635 branches, 532 post offices and 5.050 employees. It was founded on September 24, 1828 by the first Governor of Greece, Ioannis Kapodistrias, under Resolution no. 6550 XVII. Since the beginning of 1900, Postal Service, which until 1949 operated along with the Telegraphic and Telephone Service under the nomination "T.T.T." has been under systematic organization.

In 1970 the postal service acquired the status of Private Law Legal Entity, under the nomination "ELTA" and was a public Societe Anonyme. In 1998, a significant modernization and restructuring program was launched, aiming to the improvement of the quality of the services provided, the increase of productivity and the best use of the company's human resources.

In the same year, the subsidiary Hellenic Post Professional Training Center S.A. (KEK-ELTA SA) was founded.

In 2000 the subsidiary ELTA COURIER S.A. was founded.

In 2004 ELTA was named "Grand Sponsor" of the Athens Olympic Games.

In 2006, ELTA concluded a strategically important commercial agreement with the Hellenic Postbank, which further strengthens the position of ELTA in retail banking. The aim is to strengthen the relationship and revenue, to jointly develop the two companies’ network and to improve the quality of the services provided to their customers.

In 2008, ELTA completed a large investment program for the automation of the Post Offices and Sorting Centers’ network, the upgrade of the IT infrastructure and the development of Human Resources.

On 1/1/2013, Law 4053/2012 established the full liberalization of the postal market of Greece and a new institutional framework was formed.

In 2016, ELTA entered the Greek electricity market, being granted a supply license from the Regulatory Authority for Energy (RAE).

In 2017, ELTA applied the Joint Ministerial Resolution for the customs clearance of postal items moving through the Universal Service Provider.

In 2018, Greek State transferred its participation in ELTA to the Hellenic Corporation of Assets and Participations S.A. (HCAP) was implemented.

In September 2020, Law 4727/2020 regulated issues of universal postal service and defined a transitional stage for the compensation of the universal service of the period from 2013 until 2021.

In December 2020, Law 4758/2020 established a new framework for the operation of the Hellenic Post.

In December 2020, by Joint Ministerial Decision, it was decided to pay the amounts due to the Universal Service Provider for the years 2013-2018.

In December 2020, the share capital was increased and the Hellenic Corporation of Assets and Participations S.A. (HCAP) took possession of 100% of the ELTA shares.

ELTA, understanding the modern needs of the market, renewed its mix of products and services by introducing in its network new, innovative products and services in order to enhance the service quality throughout the country.

 

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