Metals Market

International Internet Magazine. Baltic States news & analytics Thursday, 24.04.2014, 02:38

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Over 1,200 former Liepajas metalurgs employees still without work

Over 1,200 former Liepajas metalurgs employees still without work

14.04.2014

Out of the 1,336 former employees of Liepajas metalurgs who have registered as unemployed at the State Employment Agency, only 103 have managed to find a new job, LETA found out from the State Employment Agency.

Keyword tags: Employment, Latvia, Legislation, Markets and Companies, Metals Market



In February industrial production volume in Latvia grew just by 0.9%

In February industrial production volume in Latvia grew just by 0.9%

04.04.2014

In February of this year, compared to January, industrial production volume (according to seasonally adjusted data at constant prices) has increased by 0.9%, of which in manufacturing – by 3.3% and in mining and quarrying – by 7.9%, but in electricity and gas supply there was drop of 1.8%.

Over 80 Liepajas metalurgs sales offers sent out

Over 80 Liepajas metalurgs sales offers sent out

01.04.2014

At the moment, over 80 sales offers for the insolvent Latvian metallurgical company Liepajas metalurgs have been sent out, the company's insolvency administrator Haralds Velmers informed the business information portal Nozare.lv, cites LETA.


EU-Russia crisis could have negative impact on sale of Liepajas metalurgs

EU-Russia crisis could have negative impact on sale of Liepajas metalurgs

25.03.2014

In an interview with ''Rietumu Radio'' today, Liepaja Mayor Uldis Sesks (Liepaja Party) said that the crisis between the European Union and Russia could have a negative impact on the sale of insolvent metallurgical company Liepajas metalurgs, as the process to find an investor is not very optimistic at the moment, reports LETA.

Prudentia to send offers for Liepajas metalurgs to 70 potential buyers

Prudentia to send offers for Liepajas metalurgs to 70 potential buyers

24.03.2014

Consultancy firm Prudentia has been selected to organize the sale of the insolvent Latvian metallurgical company Liepajas metalurgs, as insolvency administrator Haralds Velmers told the business information portal Nozare.lv, cites LETA.

20.03.2014

Citadele and SEB give go-ahead for sale of Liepajas metalurgs

The other creditors of the insolvent joint-stock metallurgical company Liepajas metalurgs – joint-stock Citadela banka and joint-stock SEB banka, have given the green-light for the planned sale of the company, as insolvency administrator Haralds Velmers told the business information portal Nozare.lv, cites LETA.

12.03.2014

Latvian East Metal steel company increased turnover by 22% in 2013

Latvian steel construction manufacturer East Metal Ltd. achieved EUR 42.43 million in turnover in 2013, which was by 22% more than in 2012, when the company achieved EUR 34.93 million in turnover, according to information from Firmas.lv, cites LETA/Nozare.lv.

06.03.2014

In January industrial production volume in Latvia reduced by 11% y-o-y

Latest data compiled by the Central Statistical Bureau of Latvia show that, compared to January 2013, industrial production in January of this year (according to calendar adjusted data at constant prices) has dropped by 11%.

26.02.2014

Manufacturing volumes in Liepaja fell by 50% in 2013

With halt in production at the metallurgical company Liepajas metalurgs, manufacturing volumes in the city of Liepaja (southwestern Latvia) have reduced by approximately 50%, however, manufacturing volumes in the city still remain higher than any other city in Latvia outside Riga, LETA was informed by Liepaja City Council public relations representative Andrejs Rjabcevs.

26.02.2014

SEB president: halting production at Liepajas metalurgs has left less of an impact on the city

The stoppage of production at Liepaja's largest manufacturing company – joint-stock Liepajas metalurgs, has left less of an impact on the city as previously feared, SEB banka President Ainars Ozols said in an interview on ''Rietumu Radio'' today, informs LETA.

25.02.2014

Citadele and SEB have not yet given green light to Liepajas metalurgs sales plan

Two of the creditors of the insolvent Latvian metallurgical company Liepajas metalurgs – joint-stock Citadele banka and joint-stock SEB banka, have yet to give the green light for the company's sales plan, the company's insolvency administrator Haralds Velmers told the business information portal Nozare.lv.

25.02.2014

Sesks criticizes extending Liepajas metalurgs sale deadline

Extending the deadline for selling the troubled joint-stock metallurgical company Liepajas metalurgs is not in the city's interest, as Liepaja Mayor Uldis Sesks (Liepaja Party) said in an interview with "Rietumu Radio" this morning, cites LETA.

22.02.2014

Liepajas metalurgs creditors agree to extend deadline to sell company until August 31

During a meeting of creditors of the troubled metallurgical company Liepajas metalurgs on February 21st, 2014, the participants of the meeting agreed to extend the deadline to sell the company's property. The new deadline is set at August 31, 2014, informs LETA/Nozare.lv.

20.02.2014

International investment dispute resolved in favor of Uzbekistan

It is a common knowledge that foreign investments allow to attract modern technologies and create new jobs contributing to the growth of national economy. Unfortunately, no country is insured against joining the market of unfair investors who improperly affect the economic cooperation among states.

19.02.2014

Only State Treasury has agreed to Liepajas metalurgs sales strategy so far

Out of the three secured creditors of the troubled metallurgical company Liepajas metalurgs, only the state, represented by the State Treasury, has agreed to the company's sales strategy, Liepajas metalurgs insolvency administrator Haralds Velmers informed Nozare.lv, cites LETA.

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