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International Internet Magazine. Baltic States news & analytics Saturday, 21.04.2018, 16:13

Dombrovskis: state companies should have opportunity to invest in their development

Nina Kolyako, BC, Riga, 03.07.2012.Print version
The question of dividends paid by state-owned companies will be considered during the work on the 2013 state budget, Prime Minister Valdis Dombrovskis' (Unity) press secretary Martins Panke told LETA.

The premier explains that during the financial crisis the government-run companies had to transfer their profits to the state budget, which was necessary in order to reduce budget deficit and soften the budget consolidation measures' impact.


However, now that the financial situation in Latvia has been stabilized, state-owned enterprises should be given more opportunities to invest in their development, which will increase their competitiveness in the Baltic region.


There are 142 companies in Latvia where the state is a shareholder, including 69 that fully belong to the state of Latvia.

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