International Internet Magazine. Baltic States news & analytics
Monday, 09.12.2013, 04:45
Dombrovskis: state companies should have opportunity to invest in their development
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.