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Eesti Post planning to dial back lossmaking mail services business

The Ministry of Economic Affairs and Communications is planning to relax universal mail service requirements. Should the regulation be changed, it will allow national mail carrier Eesti Post to optimize its unprofitable mail business by, among other measures, closing post offices.

Omniva sees nearly 70 percent drop in profits in Q3 2021

Estonia's state-owned postal service and logistics company Eesti Post, which operates under the Omniva brand, posted a third quarter 2021 (Q3 2021) fall in profit of 69 percent on year, to €633,000. The company expects recuperation in Q4 2021 as Christmas season approaches, however.

Uus mugavusteenus: toit, pakid ja lehed jõuavad isiklikku nutipostkasti

Kuller, kes toidukoti või tellitud paki koju kätte toob, on saanud levinud teenuseks. Neile, kes isegi kulleri kõnet vastu võtta ei taha, on käivitunud veel mugavam teenus: eramajade omanikud saavad lasta paigaldada koduväravasse nutipostkasti, et paki saabumisest annaks märku vaid sõnum telefonis.

Univastu India consolidated net profit rises 497 64% in the March 2021 quarter

Read more about Univastu India consolidated net profit rises 497.64% in the March 2021 quarter on Business Standard. Sales decline 5.24% to Rs 27.48 crore

All parcels arriving from outside the EU must be declared from July 1

Due to a European Union tax amendment, all shipments arriving from third countries must be declared and value-added tax (VAT) must be paid on them from July 1. The tax amendment is also valid for goods that were purchased before July 1 but arrive after said date, Estonian state-owned postal service and logistics company Omniva said on Wednesday. Taxation is based on whether the goods are registered as having arrived in the EU before or after July 1. The date is fixed in the shipment information once the item arrives at the Omniva sorting center. Omniva warns that the tracking pages of international e-stores may not always display accurate information, meaning that the payment duty may come unexpectedly for some people.

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