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Latvia’s PM: successful sale of Parex will improve state macroeconomic indicators
Nina Kolyako, BC, Riga, 10.03.2010.
Print version
Print versionThe acquisition and support for Parex banka has seriously affected the state's budget situation, and the successful sale of the bank would significantly improve state macroeconomic indicators, said Prime Minister Valdis Dombrovskis in his annual report to the Saeima on the government's achievements over the previous year.
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In his address, the premier also expressed hope that successful sale of the currently state-owned bank would strengthen investors' trust in the Latvian economy, writes LETA.
As reported, last week two groups of investors submitted offers for shares in Parex. Other interested parties were also unofficially mentioned.
Dombrovskis indicated that the most vital job done after the bank's acquisition on December 5, 2008, was to stop the outflow of deposits and conclude agreements with credit syndicate lenders on changes in repayment conditions.
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