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Wednesday, 02.12.2015, 08:54
The amounts of aid sought by the financially-troubled metallurgical company KVV Liepajas Metalurgs are higher than what the state can actually offer, this according to Economy Minister Dana Reizniece-Ozola (Greens/Farmers) in an interview with LTV television channel this morning, informs LETA.
Keyword tags: Investments, Latvia, Legislation, Markets and Companies, Metals Market
The joint-stock metallurgical company KVV Liepajas metalurgs plans to resume full-scale operations in October 2015, however, it will require support from the Latvian government, the company's board member Igor Talanov said in an interview with Latvian State Radio today, cites LETA.
Joint-stock metallurgical company KVV Liepajas metalurgs continues to expand its export markets and intends to hire approximately 200 new employees in the coming months, the company informed LETA.
KVV Liepajas metalurgs workers inform the state officials about complicated situation at the company04.08.2015
Several former and current workers at the joint-stock metallurgical company KVV Liepajas metalurgs have sent an open letter to top state officials, to inform them about the complicated situation at the company and calling for a solution, reports LETA.
Joint-stock metallurgical company KVV Liepajas metalurgs has paid its gas bills on time, according to Latvijas Gaze spokesman Vinsents Makaris, reported LETA.
In the spring of 2015, "KVV Liepajas metalurgs" had signed an agreement with only one scrap metal supplier - "Tolmets", however, the moment the prices went up, "Tolmets" found it more beneficial to sell scrap metal abroad, which is why the metallurgical plant now plans on signing agreements with any supplier, "KVV Liepajas metalurgs" co-owner Valery Krishtal said in an interview, reports LETA.
Ahead of the acquisition deal of the metallurgical plant Liepajas metalurgs in 2014, the Ukrainian investor KVV Group received inaccurate information that has affected the actual costs of production, KVV Liepajas metalurgs co-owner Valery Krishtal said in an interview with LETA.