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Tuesday, 24.05.2016, 20:40
With the situation in the metal industry gradually improving, some potential investors have started showing interest in the assets of Latvia's struggling metallurgical company KVV Liepajas Metalurgs, Vladimirs Loginovs, board chairman of the Privatization Agency (PA), said on Latvian Radio today, cites LETA.
Keyword tags: Baltic States – CIS, Investments, Latvia, Legislation, Markets and Companies, Metals Market
The Ukrainian shareholders of the Latvian metallurgy plant KVV Liepajas Metalurgs have no reason to file a claim against Latvia with the international court of arbitration, Latvian Finance Ministry spokesman Aleksis Jarockis told LETA.
Ukraine's KVV Group, the owner of the Latvian metallurgical plant KVV Liepajas Metalurgs, after categorically rejecting last week allegations about the involvement of its co-owner, Yevgeny Kazmin, in financing of separatism in Ukraine or any other criminal activities in Ukraine and the illegally occupied territories, has changed its tune today and confirmed that he has been detained, informs LETA.
The situation at the joint-stock metallurgical company KVV Liepajas Metalurgs is complicated and the company's management have no plan how to ensure continued production, Economics Minister Arvils Aseradens (Unity) said after a visit to Liepaja on May 18th, cites LETA.
By announcing their intention to turn to the London Court of International Arbitration (LCIA), the Ukrainian investors of the Latvian metallurgy plant KVV Liepajas Metalurgs have resorted to blackmail, Latvian President Raimonds Vejonis said LETA.
The Latvian government does not believe that the current shareholders are able re-launch the struggling metallurgical company KVV Liepajas Metalurgs, Economics Minister Arvils Aseradens (Unity) told the press on May 17th, cites LETA.
Liepajas Osta LM stevedore was declared insolvent in a written procedure at the court in Liepaja port city in Latvia’s south-west on May 12th, writes LETA.