International Internet Magazine. Baltic States news & analytics
Friday, 01.08.2014, 04:42
Estonian state-owned postal company Omniva, formerly called Eesti Post, will expand its parcel terminal network in Estonia by a quarter, Äripäev Online cites the company, reports LETA.
Keyword tags: Estonia, EU – Baltic States, Good for Business, Post Office
Estonian Economy and Communications Ministry approved the draft decree, which will increase universal postal service prices starting September 1, 2014, by an average of 18.2%, LETA/Public Broadcasting reports.
On Saturday, July 12, to commemorate the inauguration of President Dalia Grybauskaite, Vilnius Main Post Office held a special cancellation. A special cover (envelope) designed exclusively for this occasion was released on the same day, informs BC the Lithuania Post.
The Lithuanian distribution network operator AB LESTO is extending cooperation with AB Lietuvos pastas. The state-owned companies agreed on service provision to LESTO customers at 45 post offices in Lithuania, reports BC post’s press service.
To commemorate the 90th Lithuanian Song Festival, Lithuania Post will release a new postage stamp, Lithuanian Post informs. The new stamp under the title 90th Anniversary of the First Lithuania Song Festival will be put into circulation on June 28, Saturday, reported BC post’s press service.
Today, the state-owned Public Limited Company Lietuvos pastas has signed a cooperation agreement with S.F. Express being one of the largest courier service providers in China. On the grounds of the agreement, the companies will cooperate in the field of items delivery from China to Europe, the EU member states, as well as Russia and Belarus, informed BC post’s press service.
The state-owned company Lietuvos Pastas (Lithuania Post) has ended the first quarter of 2014 with an operating profit of LTL 360,000 (EUR 104,000). The net profit has made LTL 65,000 (EUR 19,000). Based on unaudited data, Lithuania Post's EBITDA (earnings before interest, taxes, depreciation and amortization) margin was 3.8% making LTL 1.79 million (EUR 518,000). This makes 36% more than recorded during the same period in 2013, reported BC posts’s press service.