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Thursday, 23.05.2013, 12:09
Lipmans: if Liepajas metalurgs continues under current management, Latvia will face crisis
22.05.2013If the government does not bring about the replacement of Liepajas metalurgs’s board and Prudentia Advisers, and the company's creditors continue to hold on to their "rosy and unjustified vision" of the company's takeover, Latvia will face not only Liepajas metalurgs’s insolvency, but also a nationwide social crisis, points out one of the company's shareholders, Kirovs Lipmans, writes LETA/Nozare.lv.
Keyword tags: Crisis, Financial Services, Investments, Latvia, Legislation, Markets and Companies, Metals Market
Vinkele: Liepajas metalurgs collapse may put pension indexing plans on hold
22.05.2013Even though pensioners are strongly demanding that indexing of pensions resume, and these demands are also supported by politicians, the collapse of the joint-stock metallurgical company Liepajas metalurgs may put these plans on hold, Welfare Minister Ilze Vinkele (Unity) said in an interview with Latvian State Radio this morning., informs LETA.
Pavluts: Liepajas metalurgs insolvency inevitable if shareholders ignore demands
22.05.2013After yesterday’s Cabinet meeting, Latvian Economy Minister Daniels Pavluts told members of the press that if Liepajas metalurgs shareholders ignore the demands set by the company's club of lenders, almost all hope will be lost to resume production and the company's insolvency scenario will be inevitable, informs LETA/Nozare.lv.
Liepajas metalurgs shareholders must sell shares or invest money in company by May 31
21.05.2013The shareholders at the joint-stock metallurgical company Liepajas metalurgs must either sell their shares or invest large amounts of money into the company by May 31.
Zaharjins: Lipmans is lying to benefit himself from Liepajas metalurgs
21.05.2013"Liepajas metalurgs minority shareholder Kirovs Lipmans, is lying to benefit himself," the company's major shareholder Sergejs Zaharjins points out in an interview for the newspaper Diena, cites LETA.
President: state does not have to take over Liepajas metalurgs's liabilities
"The state does not have to take over the liabilities of the troubled metallurgical company Liepajas metalurgs", President Andris Berzins said in an interview on Latvian State Radio today.
Zaharjins: Liepajas metalurgs rescue in the hands of the state
The rescue of the joint-stock metallurgical company Liepajas metalurgs (LM) is in the hands of the state, and the talk about a potential investor restoring LM operations in a day's time is complete nonsense, LM largest shareholder Sergejs Zaharjins points out in an interview with the newspaper Diena, cites LETA.
Central bank: shutting down Liepajas metalurgs will reduce GDP growth by 0.6-0.7%
If the financially-troubled metallurgical company Liepajas metalurgs is shut down, Latvia's economic growth will be reduced 0.6-0.7% this year, Bank of Latvia President Ilmars Rimsevics predicted during a press conference yesterday, cites LETA/Nozare.lv.
Estonian entrepreneurs develop plant worth 25 mln euros in Russia
Estonian entrepreneurs invested approximately 25 millio euros in construction and operation of a lead-acid accumulator reprocessing plant, LETA informs, referring to the Estonian news portal dv.ee.
Council members: Prudentia report torpedoes Liepajas metalurgs
The recent developments at the joint-stock metallurgical company Liepajas metalurgs that are connected not only with the company's business problems, but also with yesterday's searches, indicate that not everything is in order at the company, however, according to Liepajas metalurgs council members Andris Denins and Guntis Vilnitis, the government's consultant Prudentia has made the biggest dent in the company's rescue, reports LETA.
Dienas Bizness: Stemcor also interested in Liepajas osta LM
Liepajas metalurgs potential investors could have the greatest interest in its subsidiary Liepajas osta LM, which has a stable business at the Port of Liepaja, reports LETA, referring to the newspaper Dienas Bizness.
Liepajas metalurgs: the searches aimed at company's destruction
Liepajas metalurgs believes that yesterday’s searches were carried out at the company to cause a furor, undermine the company's reputation in the eyes of its cooperation partners and discredit one of Latvia's largest tax payers and employers – a politically-instigated move aimed at destroying the company, informs LETA/Nozare.lv.
Liepajas metalurgs must still repay LVL 47.41 mln to UniCredit
The financially-troubled joint-stock metallurgical company Liepajas metalurgs must still repay EUR 67,465,055.88 (LVL 47,414,711.13) to the Italian bank UniCredit S.p.A, the State Treasury's press secretary Ieva Dzelme informed LETA/Nozare.lv.
Lipmans wants an emergency Liepajas metalurgs council meeting called
Joint-stock metallurgical company shareholder Kirovs Lipmans wants an emergency company council meeting called to come to an agreement on measures to save the troubled company, he told the business information portal Nozare.lv today, cites LETA.
Liepajas metalurgs management tasked with leading company out of crisis
Liepajas metalurgs council has tasked the company's management with drafting a business plan and leading the company out of the crisis, Liepajas metalurgs council member Guntis Vilnitis told Nozare.lv.
EU’s assessment of Latvian economic activity 
