Tag: Latvian Post

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

Posted by | Jun 3, 2003 | |

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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Latvian postal company struggling to manage even half of EU requirements

Posted by | May 29, 2003 | |

The Latvian state postal company Latvijas Pasts is behind on implementing EU requirements with the company currently having implemented only 40 percent of the requirements listed in a cooperational project signed back in 1998, stated the company’s temporary CEO, Gints Skodovs. Skodovs said that in 1998 Latvijas Pasts signed the Accord 1 agreement, aimed at assisting EU candidate countries with implementing EU requirements and postal directives, improving postal service quality and promoting development of new projects and infrastructure improvements. The stand-in CEO for Latvijas Pasts said that on June 02 the Accord 2 agreement is set to be signed in Switzerland, which should thus state Latvijas Pasts “preparedness for moving towards EU quality standards and readiness to work towards implementing these.”

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Latvijas Pasts postal company director general removed

Posted by | Apr 14, 2003 | |

Latvijas Pasts postal company shareholders general meeting Monday dismissed from the office company director general Aivars Droiskis and two board members over entering in disadvantageous contracts for construction of sorting facility for the postal company. Latvia’s Transport Ministry deputy state secretary Uldis Laksevics, acting as Latvijas Pasts shareholders general meeting, told reporters Monday the sorting complex arrangements “were highly unsuccessful”.

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Financials 2000: Latvia, Estonia, Lithuania Posts

Posted by | Jun 11, 2001 | |

Last year, the best financial results among Baltic postal companies were achieved by Latvijas Pasts (Latvian Post), the company has reported. Last year, Latvian Post saw revenue exceeding costs by 6.25m US dollars. The total revenue for last year amounted to almost 37.5m US dollars. Lithuanian Post amounted a profit of 1.95m US dollars on the total revenue of 34.21m dollars, while Estonian Post made a profit of 1.47m US dollars on the total revenue of 29m dollars.

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