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Latvian Post
VAS Latvijas Pasts () 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. History 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. 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 The euro (symbol: €; currency code: EUR) is the official currency of 20 of the member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided in ...
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Government-owned Corporation
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. Terminology The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and ente ...
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Nonprofit Organization
A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or social benefit, as opposed to an entity that operates as a business aiming to generate a Profit (accounting), profit for its owners. A nonprofit organization is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. Depending on the local laws, charities are regularly organized as non-profits. A host of organizations may be non-profit, including some political organizations, schools, hospitals, business associations, churches, foundations, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be Tax exemption, tax-exempt, and some may also qualify to receive tax-deductible contributions, but an enti ...
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Postal Organizations
This is a list of postal entities by country. It includes: *The governmental authority responsible for postal matters. *The regulatory authority for the postal sector. Postal regulation may include the establishment of postal policies, postal rates, postal services offered, budgeting for and financing postal operations. Where no independent postal regulator has been established, these tasks may be undertaken by the government or the operator(s). They may be carried out by a single entity or spread out amongst multiple government, quasi-government or private entities.Data from: References to institutions may have been updated to refer to their successors, and other operators may have been added. * The designated postal operator of that country (normally the public postal service). Notable postal operators other than the designated operator, if any, may also be listed. Postal operations involve the execution of domestic and international postal services to include the receipt, tra ...
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Companies Based In Riga
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ...
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Communications In Latvia
Communication is commonly defined as the transmission of information. Its precise definition is disputed and there are disagreements about whether unintentional or failed transmissions are included and whether communication not only transmits meaning but also creates it. Models of communication are simplified overviews of its main components and their interactions. Many models include the idea that a source uses a coding system to express information in the form of a message. The message is sent through a channel to a receiver who has to decode it to understand it. The main field of inquiry investigating communication is called communication studies. A common way to classify communication is by whether information is exchanged between humans, members of other species, or non-living entities such as computers. For human communication, a central contrast is between verbal and non-verbal communication. Verbal communication involves the exchange of messages in linguistic form, ...
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List Of People On Stamps Of Latvia
This article contains a list of people depicted on postage stamps issued by Latvia, along with the dates of issue. References External Links A *Gunārs Astra - dissident, human rights activist (October 22, 2005) B *Kārlis Baumanis - composer (May 21, 2005) *Jānis Balodis - general, Commander of the Aizsargi units (May 12, 1932; November 18, 1938) Č *Jānis Čakste - first president of the Republic of Latvia (December 4, 1930; August 19, 1931; April 18, 1928; November 11, 1998) * Elīza Cauce (née Tīruma) - luger (July 3, 2014) D * Kristiāns Johans Dāls - director of naval schools of Ainaži and Liepāja (July 20, 2002) *Leonardo da Vinci - Italian polymath (December 7, 1932) *Daumants Dreiškens - bobsledder (July 3, 2014) *Martins Dukurs - skeleton sledder (July 3, 2014) F * Hieronīms Kārlis Fridrihs Fon Minhauzens - baron and author (April 1, 2005) J * Inese Jaunzeme - athlete (June 19, 1996) * Jānis Pāvils II - Roman Catholic Pope (August 28, 1993; August 14, 20 ...
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Postage Stamps And Postal History Of Latvia
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. Livonian Postal Service From 1581 to 1621, when Riga was under the rule of the Duchy of Livonia, and also from 1621 to 1710, when it was a part of Swedish Livonia, postal services were used only for governmental purposes. In the 16th century several postal organisations existed—for governmental purposes, as well as for clerics, University, universities, City, cities and merchants. In 1632 the Postmaster General of Prussia and Livonia, Jacob Becker, who was appointed in Swedish Livonia by the Monarchy of Sweden, King of Sweden, organised the first Latvijas Pasts, reg ...
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Banking Service
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate banking). Banking services which are regarded as retail include provision of savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. Retail banking is also distinguished from investment banking or commercial banking. It may also refer to a division or department of a bank which deals with individual customers. In the U.S., the term ''commercial bank'' is used for a ''normal'' bank to distinguish it from an investment bank. After the Great Depression, the Glass–Steagall Act restricted normal banks to banking activities, and investment banks to capital market activities. That distinction was repealed in the 1990s. Commercial bank can also refer to a bank or a division of a bank that deals mostly with ...
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Bureau De Change
A bureau de change (plural bureaux de change, both ; British English) or currency exchange (Comparison of American and British English, American English) is a business where people can exchange one currency for another. Nomenclature Originally French language, French, the term () is widely used throughout Europe and French-speaking Canada, where it is common to find a sign saying "exchange" or "change". Since the adoption of the euro, many exchange offices have started incorporating its logotype prominently on their signage. In the United States and English-speaking Canada the business is described as "currency exchange" and sometimes "money exchange", sometimes with various additions such as "foreign", "desk", "office", "counter", "service", etc.; for example, "foreign currency exchange office". Location A bureau de change is often located at a bank, at a travel agent, airport, main railway station, large supermarket branches, and anywhere else where there is likely to be a ...
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Euro
The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 1 euro cent coin, euro cents. The currency is also used officially by the institutions of the European Union, by International status and usage of the euro, four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. The euro is used by 350 million people in Europe and additionally, over 200 million people worldwide use currencies pegged to the euro. It is the second-largest reserve currency as well as the second-most traded currency in the world after the United Sta ...
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Latvia And The Euro
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 (ERM ll), four months later on 2 May 2005. History Latvia's Treaty of Accession to the European Union (EU) obliged it to eventually adopt the euro. Latvia had originally planned to adopt the euro on 1 January 2008, but for various reasons this was subsequently delayed several times. After being elected in 2011, Latvian President Andris Bērziņš announced the official goal was for Latvia to join the eurozone in 2014, saying "personally I'm very optimistic we'll join the euro on 1 January 2014. It's our ...
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State-owned Company
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. Terminology The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and ent ...
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