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International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 16:31

KVV Liepajas Metalurgs asking more than what Latvia can actually give

BC, Riga, 27.10.2015.Print version
The amounts of aid sought by the financially-troubled metallurgical company KVV Liepajas Metalurgs are higher than what the state can actually offer, this according to Economy Minister Dana Reizniece-Ozola (Greens/Farmers) in an interview with LTV television channel this morning, informs LETA.

The minister said that the government has informed the company about the potential aid the state could offer, while further activities will depend on the company itself.

 

The company is considering manufacturing new products, which could be rather complicated, taking into account the limited opportunities of current technologies, Reizniece-Ozola added.

 

Liepaja Mayor Uldis Sesks (Liepaja Party) said one week ago that Prime Minister Laimdota Straujuma (Unity) had ordered the Latvian Investment and Development Agency to assess the opportunities of providing support for KVV Liepajas Metalurgs.






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