The economy of Latvia is an open economy in Europe and is part of the European Single Market. Latvia is a member of the World Trade Organization (WTO) since 1999, a member of the European Union since 2004, a member of the Eurozone since 2014 and a member of the OECD since 2016. Latvia is ranked the 14th in the world by the Ease of Doing Business Index prepared by the World Bank Group. According to the Human Development Report 2011, Latvia belongs to the group of very high human development countries. Due to its geographical location, transit services are highly developed, along with timber and wood processing, agriculture and food products, and manufacturing of machinery and electronic devices.
The lats was the currency of Latvia from 1922 until 1940 and from 1993 until it was replaced by the euro on 1 January 2014. A two-week transition period during which the lats was in circulation alongside the euro ended on 14 January 2014. The lats is abbreviated as Ls and was subdivided into 100 santīmi, abbreviated as an s after the santīm amount.
NZ Post, shortened from New Zealand Post, is a state-owned enterprise responsible for providing postal service in New Zealand.
This a survey of the postage stamps and postal history of the Russian Empire, the Soviet Union and the modern Russian Federation.
The Bank of Latvia is the central bank of Latvia. It is among the nation's key public institutions and carries out economic functions as prescribed by law. It was established in 1922 and became the sole issuer of currency in Latvia in 1927. It became a part of the European Central Bank (ECB) when Latvia adopted the euro on January 1st, 2014. Until then, the bank was responsible for the former national Latvian currency, the lats.
Postal savings systems provide depositors who do not have access to banks a safe and convenient method to save money. Many nations have operated banking systems involving post offices to promote saving money among the poor.
The Latvian ruble was the name of two currencies of Latvia: the Latvian ruble, in use from 1919 to 1922, and the second Latvian ruble, in use from 1992 to 1993.
Posti Group Oyj, trading internationally as Posti Group Corporation, is the main Finnish postal service delivering mail and parcels in Finland. The State of Finland is the sole shareholder of the company. Posti has a universal service obligation that entails weekday deliveries of letters in all of Finland's municipalities. Posti's head office is located in Pohjois-Pasila in Helsinki. Posti's history spans nearly 400 years.
Post Danmark A/S is the national provider of postal services in Denmark. It was established as a fully state-owned stock holder's company in 1995 following political liberalization efforts. Post Danmark had taken over the mail delivery concession of its predecessor, the governmental department Postvæsenet, which was established in 1624. Post Danmark A/S was turned into a public limited company in 2002. In 2005, 22% of the company shares were sold to CVC Capital Partners, 3.5% of the company shares were partly sold to employees at a discount, partly kept in reserve for a management incentives program. In 2009, it was merged with the Swedish Posten AB to form PostNord, a joint postal service company between Denmark and Sweden.
Latvia replaced its previous currency, the lats, with the euro on 1 January 2014, after a European Union (EU) assessment in June 2013 asserted that the country had met all convergence criteria necessary for euro adoption. The adoption process began 1 May 2004, when Latvia joined the European Union, entering the EU's Economic and Monetary Union. At the start of 2005, the lats was pegged to the euro at Ls 0.702804 = €1, and Latvia joined the European Exchange Rate Mechanism, four months later on 2 May 2005.
Kazpost is the national postal service of Kazakhstan.
JSC Latvian Railway was established on 2 September 1991 and is seen as the successor of the Latvian Railway Board which was established on 5 August 1919.
Österreichische Post is the company responsible for postal service in Austria. This company was established in 1999 after its split-off from the mail corporate division of the former state-owned PTT agency Post- und Telegraphenverwaltung. It is listed on the Vienna Stock Exchange.
Olainfarm AS is a Latvian leading manufacturer in the chemical and pharmaceutical sector of the Baltic States.
Postal history in the territory that now constitutes Latvia began during the 13th century, when the Archbishopric of Riga was included to the area of postal operations of the Monastic state of the Teutonic Knights and the Hanseatic League. In 1580 the Hanseatic League issued their first known regulations on courier work and payroll, regulations that also were active in the territory that now constitutes Latvia.
Parex Bank was a Latvian bank founded in 1992 by Valērijs Kargins and Viktors Krasovickis as a privately owned full-service banking company in Riga, Latvia that was very dominant in currency exchange in the 1990s. It had local and international clients in both the West and Russia with close ties to the Tambovskaya Russian mafia in St Petersburg and Vladimir Putin.
Poštanska štedionica is one of the largest operating banks in Serbia. It was founded in 1921 and its headquarters are located in Belgrade, Serbia. As of April 2022, it is the sole bank operating on the Serbian market that is majority owned by the Government of Serbia.
Mongol Post is the national postal service of Mongolia. The formerly state-owned Mongol Post was transformed into a joint stock company on April 11, 2016, by offering 34 percent of the total shares to the public. It was founded by the Mongolian People's Republic in 1935 and went under several different names before its current structure was established in 1994. The Mongol Post JSC is charge of postal services, delivery and issuing of postage stamps. The headquarters are in Ulaanbaatar, and the company employs over 900 people and has over 389 post offices.
Latvijas Gaisa Satiksmes Akciju Sabiedriba was a Latvian-German airline, based in Riga, Latvia. It operated international air lines from Riga Spilve airport. The airline was launched in 1922. It was finally dissolved in 1928 after major shareholders pulled out support.
