International Internet Magazine. Baltic States news & analytics
Wednesday, 10.02.2016, 04:35
The revenue of the Estonian state-owned postal and logistics company Omniva in 2015 totaled 75.9 million euros, 27% more than in 2014, reports LETA/BNS.
Keyword tags: Baltic, Estonia, Good for Business, Logistics, Post Office, Transport
The volume of international maxi letters handled by the state owned Estonian postal company Eesti Post, which conducts business under the Omniva trade mark, grew 16-fold in 2015 compared with 2014, reports LETA/BNS.
According to a financial forecast, the operating revenue of the Estonian state-owned postal company Eesti Post is to increase from 60 million euros in 2014 to 64 million euros in 2015 and to 67.2 million euros in 2016, informs LETA/BNS.
Lietuvos Pastas (Lithuanian Post) posted 51.467 million euros in consolidated revenue for the three quarters of the year 2015, up 13.8% from 45.367 million euros in the same period last year, informs LETA/BNS.
BaltCap, the largest private equity and venture capital investor in the Baltics, is acquiring the invoicing and financial automation business of Finland's OpusCapita in Lithuania, Latvia and Estonia, cites LETA/BNS.
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.
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.