International Internet Magazine. Baltic States news & analytics
Wednesday, 07.10.2015, 20:25
Although the Estonian Economy Ministry does not yet have a specific work plan to partially or completely sell or list on the bourse the state-owned postal company Omniva, the long-term plan is to reduce the state's ownership in the company, LETA/Delfi Ärileht reports.
Keyword tags: Estonia, Legislation, Post Office, Transport
Estonian state-owned postal company Omniva and the Chinese express delivery services company S.F. Express established a joint venture called Post11, which for Estonian people means faster arrival of packages from China, LETA/Maaleht reports.
During the first six months of the year 2015, a state-run joint stock company Lithuania Post has earned more than half a million euros net profits according to unaudited data. Company's sales revenue reached 32.7 million euros and increased almost by 15.9% compared with the same period last year, reported BC port’s press service.
Self-service parcel terminals LP EXPRESS 24 usage continues to grow rapidly in Lithuania. Only this year (from January to July 2015), demand for self-service parcel terminals LP EXPRESS 24 has doubled compared with 2014, reported BC press service of Lietuvos pastas.
Lithuania Post (Lietuvos pastas) has announced the list of stamps to be produced in 2016 and invites people to submit their draft stamps. The authors of the best projects may win monetary prizes from EUR 2017 to EUR 870, informs LETA/ELTA.
E-commerce development is raising the number of packages sent via parcel terminals but the number of letters falls quicker than expected in Estonia, first six months 2015 business results of the state-owned logistics and postal company Omniva indicate, LETA/Postimees Online reports.
Turnover of the Latvijas Pasts postal company increased 7% to EUR 61.4 million in 2014, whereas the company's profit fell 2.6 times to EUR 1.71 million, reports LETA, according to Firmas.lv.