Latvian Post Seeks Parcel Price Increase
19 October 2010 - Franz Groter
Latvian Post has submitted for approval by the Public Utilities Commission, a rise in domestic parcel rates. It said that the price had not been reviewed for five years and now no longer covered the real cost of parcel post.
The new tariffs, if approved will come into effect on 1 January 2011.
Latvian Post said the new domestic parcel rates were necessary to ensure service profitability but that the tariff would be uniform.
Latvian Post provides the broad access to postal services throughout the Latvia, maintaining more than 600 post offices. Latvian Post provides postal and philatelic, transportation and express delivery, financial, retail and Subscription services. Latvian Post is a state-wholly-owned company, which employs around 5,000 employees.
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