Tag: Estonia

Estonian Mail Handling Co to invest Eur16m in innovation

Eesti Post (Estonian Post) intends to invest in 2003-2005 almost 250 million kroons (EUR 15.97) in the development of postal and logistical services according to a new development plan.

CEO Alo Streimann said 53 percent of the investments will be channeled into developing logistical services, 19 percent into modernizing the production infrastructure and 10 percent into purchasing and replacing mail handling equipment.

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Estonia's postal company "threatens" to open courier service in Latvia

If the Latvian postal company Latvijas Pasts fails to quickly develop its courier postal service network, the Estonian postal company has “threatened” to open its own courier service branches in Latvia, reported Latvijas Pasts.
Temporary CEO at Latvijas Pasts, Gints Skodovs, said that courier services are an opportunity for state postal companies to gain significant additional revenues, but seeing as Latvijas Pasts has not yet developed this sector enough, the situation is slowing development for the postal companies of neighboring Estonia and Lithuania. Skodovs said that it is crucial for postal companies to offer uniform services across the region, but Latvia is currently a blank space in this sense.

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Estonian Post accedes to Nordic express service network

Eesti Post (Estonian Post) has acceded to Pan Nordic Logistics, an express services network established by the Nordic countries’ postal firms. “The domestic ELS express service provided by Estonian Post has justified itself and has become the market leader operating in conditions of competition. By acceding to the Pan Nordic Logistics network we can provide the same service also in the Baltic and Nordic countries,” Estonian Post board chairman Alo Streimann said. According to plans, delivery of parcels and express mail in Estonia, Latvia and Lithuania should be launched already as of April 1.

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