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Monday, 02.05.2016, 04:22
There is practically no risk that Krievu Island infrastructure development project in Riga may fail to receive European Union's funds, Finance Minister Dana Reizniece-Ozola (Greens/Farmers) said in an interview with Latvian Television today when asked to comment on the State Audit Office's conclusion that the project may lose 100% of EU funding, informs LETA.
Keyword tags: EU – Baltic States, Financial Services, Funds, Latvia, Legislation, Port, Transport
The infrastructure development project in Krievu Sala in the territory of Riga port may lose all 100% of EU funding because of the violations and mismanagement uncovered by the State Audit Office, cites LETA.
25 years ago, on 22nd of April 1991, an American entrepreneur Ronald S. Lauder and a Greek concrete industrialist George A. Tsatsos signed a preliminary agreement with the Government of the Republic of Estonia, which was the kick-off for the privatization, and the successful renovation of Kunda cement plant.
Six Estonian state-owned companies of the transport and infrastructure sector are to be merged into a consortium, if the government approves a plan at the end of this month for a reform of state-owned companies drawn up by the Ministry of Economic Affairs and Communications, Postimees said.
The state owned Estonian pilotage company AS Eesti Loots is set to pay a dividend of 880,000 euros for 2015, informs LETA/BNS.
The Riigikogu Committee of Investigation to Identify Possible Corruption Risks at Port of Tallinn is still awaiting the state-owned port company's former managers Allan Kiil and Ain Kaljurand, and former chairman of the supervisory board Neinar Seli to offer their explanations to the committee and intends to continue putting pressure on the men in order for them to appear before the panel, informs LETA/BNS.
The reasons behind the reduction in rail transit traffic between Estonia and Russia are not political but economic, Russian Transport Minister Maksim Sokolov has said, cites LETA/BNS.