Latvijas Pasts

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VAS Latvijas Pasts
Type State joint-stock company
Industry Mail
Founded January 2, 1992 (1992-01-02)[1]
Headquarters Riga, Latvia
Number of locations 600 post offices (2013)[2]
Area served Latvia
Key people Arnis Salnājs (Chairman)[3]
Revenue
  • Increase 58 million EUR (2013)[2]
  • 37.99 million LVL (2012)[4]:7
Profit
  • Decrease 4.5 million EUR (2013)[2]
  • 3.41 million LVL (2012)[4]:7
Owner(s) Government of Latvia
Employees
  • Decrease more than 4,200 (2013)[2]
  • 4,413 (2012)[4]:26
Website www.pasts.lv

VAS Latvijas Pasts (English: Latvia Post) is the main state-owned postal service provider in Latvia headquartered in Riga. It was founded on 2 January, 1992, following shortly after the restoration of independence of the country.[1]

History[edit]

Latvia Post was founded on 2 January, 1992 as a state-owned company, prior to which multiple postal companies had already existed in the territory. On 1 November 2004, Latvia Post was re-registered simply as a state joint-stock company instead of having the status of a nonprofit organization state stock company.[1]

In 2014, Latvia Post partook in the transition from lats to euro that took place in the whole country by providing currency exchange services following the official exchange rate of 1.00 LVL for 1.42 EUR for 3 months in 302 post offices where it was deemed necessary due to local banking service availability issues.[5]

See also[edit]

References[edit]

  1. ^ a b c "Pasts History". Latvijas Pasts. Retrieved 19 June 2014. 
  2. ^ a b c d "Latvijas Pasts concludes its first year in open postal market with turnover of EUR 58 million and profit of EUR 4.5 million; quality increases". Latvijas Pasts. 10 June 2014. Retrieved 19 June 2014. 
  3. ^ "Pasts Board". Latvijas Pasts. Retrieved 19 June 2014. 
  4. ^ a b c "2012. gada pārskats" [Report for Year 2012] (in Latvian). Latvijas Pasts. 8 July 2013. Retrieved 19 June 2014. 
  5. ^ "Latvijas Pasts to ensure exchange of lats to euros at 302 specially identified post offices throughout Latvia". Latvijas Pasts. 30 October 2013. Retrieved 19 June 2014.