Tag: Estonia Post

Estonia Post Chairman Suggests Selling the Company As Soon As Possible

Meelis Atonen, the chairman of the supervisory board of the state owned postal company Eesti Post, suggest selling over half of the company as soon as possible as this could bring the company out from the financial difficulties.

However, the social democrats are strongly against selling Eesti Post since they are afraid it may cause fall in service’s quality, ERR News writes.

All neighboring countries’ postal companies are interested in buying Eesti Post.

Atonen said that over half of Eesti Post should be sold. “If the politicians dare to deal with privatization, I suggest privatizing at least 51 pct of Eesti Post. In that case, a simple logic says that Eesti Post would get a good, strong owner whose interest would be company’s strength and competitiveness,” Atonen said.

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Estonian Post is allowed to decrease number of post offices to 419

Competition Board decided that the minimum number of post offices used for providing universal postal service will be decreased to 419, writes the National Broadcasting.

Estonian Post requested that the minimum required number be cut from 495 to 400.

The enterprise justified its application with the possibility to ensure providing service according to standards by using alternative options, hence, according to the opinion of the enterprise, there is no need for a stationary postal office in areas with low population density.

AS Eesti Post will ensure provision of service with postal delivery staff who collect and deliver post in the place of residence or of business of service users.

The Competition Board did not agree to allow decreasing number of post offices in four rural municipalities where the cut was not allowed due to the number of residence in these local government units.

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The government may consider privatization or listing of Estonian Post

Meelis Atonen, member of the supervisory board of Eesti Post, told Eesti Päevaleht that the government is well aware of the need that the company needs an international investor since next year the Estonian postal market will be fully liberalised and it could lose its lucrative business.

Atonen did not wish to name any potential buyers. Also Ahti Kallaste, member of the company’s board, did not wish to specify who could be the potential investor and said that the decisions about the company’s future will be made in the middle of August.

The company’s board is also actively considering a plan to list its shares on the Tallinn Stock Exchange.

Eesti Post has recently announced that it plans to sell the building of its former postal office in Tallinn.

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Estonian Post could start issuing electronic ID cards

Eesti Päevaleht writes that the postal company announced its readiness to provide such services as issuing ID cards after the Ministry of Interior announced this week that it was going to close down a number of regional CMB offices because of downsizing.

Tiina Liitmäe, board member of Eesti Post, said that by law citizens can pick up their ID cards of passports in person from CMB offices. Since the availability of such offices will be reduced, Eesti Post is prepared to issue ID cards and passports in its postal offices.

Eesti Post says that in cooperation with the Social Welfare Board it already helps the state to pay out pensions and benefits.

Eesti Post has 495 postal offices all over the country.

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