VAS Latvijas Pasts is the national postal operation of Latvia and a state owned company established in 1992.[1] It provides universal postal services, parcel delivery and logistics, employing several thousand people.[2] In recent years, the company has focused on rebranding and digital transformation while operating in a competitive market alongside private courier companies.
History
Latvijas Pasts 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, Latvijas Pasts was re-registered as a state joint-stock company instead of having the status of a nonprofit organization state stock company.
In 2014, Latvijas Pasts 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.