Estonian Post. Mobile Payment Solution
Estonian Post. Mobile Payment Solution
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Eesti Post audited financial results for 2004
The profit of AS Eesti Post exceeded budgetary expectations by one-third. Owing a halt in the increase of costs and greater income from logistics services and universal postal services, the group’s profits grew by 23.1% to MEEK 29.3 compared to the year 2003. According to Jüri Ehasalu, Chairman of the Supervisory Board of AS Eesti Post, the company’s financial results for the previous year are the expected result of the changes made in the company’s management. “I am glad that progress was made both in terms of service
volumes and quality,” said Ehasalu. Peeter Raudsepp, Chairman of the Management Board of AS Eesti Post added that the company’s financial results were very good in a situation where the prices of fuel, electricity and other resources necessary for postal services have gone up substantially and the
company only expected a profit of MEEK 22. “A targeted reduction of management costs and continuing greater sales of express services also play important roles in generating a greater profit.”
P:LibraryPostalAnnual ReportsEesti Post 04.pdf
New Estonian Law to allow competition to Eesti Post
The Estonian Ministry of Economy and Communications has drafted a bill that would change the requirements for the provider of universal postal service and allow competition for Eesti Post (Estonian Post). “The most important of the requirements for the provider of universal postal service is the obligation to provide postal service to everybody on equal terms in the entire territory of Estonia. The other important obligation is to apply a uniform service fee in domestic postal service throughout Estonia,” the ministry said. Unlike the currently valid law, the bill would create the possibility for providers to render separately, with a respective license, all the different services that are part of the universal postal service. “Hopefully this will result in competition emerging for Eesti Post, which in turn will increase the quality of service and lower the price,” said Alice Vood, adviser to the communications department at the ministry.
Read MoreEstonian Post joins electronic monitoring system
Eesti Post (Estonian Post) have joined the electronic monitoring system for quality control launched by the Universal Postal Union (UPU).
“The tool of diagnostic control allows us to obtain precise, objective and detailed information about all the stages of a test parcel en route, for example from the moment of arrival in Estonia till delivery to the party taking part in the test,” Said Maire Lodi, director in charge of production at Eesti Post.
Eesti Post will first test the movement of letters between Estonia and Finland.
Read MoreEstonian Post to lay off 91 insead of 156 this year
The council of the state-owned Eesti Post (Estonian Post) company ruled last week to cut 91 jobs this year instead of the previously planned 156. “When exactly the slips will be handed to specific employees depends first and foremost on the Estonian Communications Workers Trade Union Association as well as the Labor Inspectorate, which must give their consent to the layoffs in accordance with valid laws,” spokeswoman Inge Rumessen told BNS on Monday. Eesti Post has been making rearrangements during almost ten years to increase the efficiency of distribution, primarily by giving cars to mail carriers in rural areas who earlier used to go on foot or by bike. Also, it is purchasing the service of mail distribution from people who use their own cars to carry mail in rural areas as sole proprietors.
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