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Saturday, 04.12.2021, 06:45
The Assessment of the LVM Round Timber Assortment Sales Process Confirms Its Economic Justification and Compliance with Legal Acts21.12.2020
The Supervisory Board of JSC “Latvia’s State Forests” (LVM) has concluded a comprehensive evaluation of the round timber assortment sales process. Based on compliance, financial, economic and legal examination performed by independent experts, the Supervisory Board concludes that the process of selling round timber assortments organized by LVM complies with the requirements of legislation and internal regulations, as well as has been economically justified, providing the company with an additional profit of 14.5 million euros during the period between 2016 and 2020.
Keyword tags: Analytics, Latvia, Legislation, Markets and Companies, Woodwork
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