International Internet Magazine. Baltic States news & analytics
Tuesday, 21.10.2014, 18:07
Regardless of the fact that current Latvian-Russian economic relations are troubled by the European Union and Russia's mutual sanctions, they could stabilize soon, reports LETA.
Keyword tags: Baltic Export, Baltic States – CIS, Good for Business, Investments, Latvia, Markets and Companies, Metals Market
During his visit to North East Estonian town Sillamäe on Tuesday, Estonian Prime Minister Taavi Rõivas visited the facility of Molycorp Silmet, a rare earth metal processor, and the Port of Sillamäe, and he thanked the companies for their contribution to the economic development of Estonia, reports LETA, referring to government communication unit.
Restoring Liepajas metalurgs will provide a significant contribution to Latvia's economy in the coming five years, the State Treasury's head Kaspars Abolins told the press representatives today, cites LETA.
Liepajas metalurgs will resume operating already at the end of November 2014, furthermore, taking into account that the first three months could be fruitless, the company nevertheless plans to bring back profit already in the first twelve months, owner of KVV Group Valery Krishtal said in an interview with the business portal Nozare.lv today, cites LETA.
After a meeting with the new owner of Liepajas metalurgs Valery Krishtal today, Finance Minister Andris Vilks said that Latvia and the other Baltic countries are also open to other Ukrainian companies which wish to enter the European Union market, reports LETA.
Liepaja Mayor Uldis Sesks (Liepaja Party) admitted to LETA today that the signing of the Liepajas metalurgs sales agreement yesterday is the ''deal of the century''.
Liepajas metalurgs insolvency administrator Haralds Velmers signed the company's sales agreement with Ukraine-registered KVV Group last night, KVV Group spokeswoman Inese Ozolina informed LETA.
Prime Minister of Latvia Laimdota Straujuma (Unity) told members of the press yesterday after a government meeting that the state will recover all the funds it pumped into the rescue of Liepajas metalurgs, reports LETA/Nozare.lv.
Liepajas metalurgs investors are haunted by scandals and lawsuits, the Latvian magazine "Ir" reports, cites LETA/Nozare.lv.
The buyer of insolvent Latvian metallurgical company Liepajas metalurgs – KVV Group, is a Ukrainian holding company, thus the company kindly asks failed bidder Kirovs Lipmans and others not to come out with strange speculations, especially in wake of the situation in eastern Ukraine, the company's owner Valery Krishtal told the business information portal Nozare.lv, cites LETA.
Liepajas metalurgs buyer KVV Group is a Russian, not Ukrainian, company, one of the candidates to buy the company whose bid was rejected, Kirovs Lipmans said in an interview with Latvian State Television today, cites LETA.
Ukraine's KVV Group intends to invest EUR 30 million into Latvian metallurgical company Liepajas metalurgs and resume production already in 2014, the company's owner Valery Krishtal told the business information portal Nozare.lv, cites LETA.
Liepajas metalurgs insolvency administrator Haralds Velmers has signed a preliminary agreement with the Ukrainian company KVV Group on the acquisition of Liepajas metalurgs, Velmers informed the business portal Nozare.lv, cites LETA.
Russian millionaire Igor Shamis and his Luxembourg-based United Group offered to purchase the insolvent Latvian metallurgical company Liepajas metalurgs for EUR 120 million, Shamis himself told members of the press today, informs LETA.
The Latvian government is informed that the buyer of Liepajas metalurgs – the Ukrainian company KVV Group – has been associated with former Ukrainian President Viktor Yanukovych's regime. The company's owner was a member of Yanukovych's Party of Regions, however, he had nothing to do with the money of the Yanukovych regime, Prime Minister Laimdota Straujuma said in an interview with the LNT show "900 sekundes" this morning, informs LETA.