Tag: Lithuania

Lithuanian Parliamentarians scuffle over price fixing for private, state postal services

The Lithuanian parliament Thursday adopted a new version of the law governing postal carriers to bring the country’s legal code into line with EU norms.
The legislation establishes the legal framework within which postal carriers operate, the relationship between mail providers and customers, rights and responsibilities of postal carriers and their accountability for violating the law.
The law requires all postal carriers to have licenses from the government or government authorized agencies.
It also says the state carrier is to deliver pensions and other social welfare payments.
There was disagreement in the parliament over the rates the state enterprise can charge as compared with private postal carriers for services.

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Financials 2000: Latvia, Estonia, Lithuania Posts

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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