International Internet Magazine. Baltic States news & analytics
Saturday, 01.08.2015, 08:44
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.
Keyword tags: Latvia, Post Office, Transport
Lithuania Post (Lietuvos pastas) has sold an administrative building in Vilnius (Vivulskis Street), with floor area of approximately 3,000 square metres, for nearly EUR 1.7 million. It is one of the biggest buildings, both in size and in value, sold by the company, reports LETA/ELTA.
Based on the data of Lithuania's Communications Regulatory Authority, in the first quarter of 2015 year-on-year, the total revenue for provision of postal services increased 11.4% – from EUR 25.1 to EUR 28 million, reports LETA/ELTA.
More than a half of incoming postal items in Lithuania is received from China and in total it made 54% of the receiving postal items flow in the first-quarter of 2015, states BC Lithuania Post (AB Lietuvos pastas).
The company Baltic Post, a subsidiary company of Lithuania Post providing LP EXPRESS courier services, says that the number of items delivered during Q1 of the current year has increased by 17% if compared with the same period of 2014. The most considerable growth, namely 2.5 times, has been recorded in deliveries performed using the self-service parcel terminals LP EXPRESS 24, reports BC post’s press service.
Starting April 2015, Lithuania Post is going to increase salaries paid to its employees working in the lowest-paid positions. In the course of the current year, EUR 1 million will be additionally allocated to enlarge the salary fund, reported BC press service of Lithuania Post.
Lithuania Post’s data show that the number of money orders sent by residents before Easter period in 2015 has increased by 70% if compared with previous months. Comparing the first quarter of the year 2015 with the same period of 2013, the number of outgoing money orders has increased by 29%, reports BC post’s press service.