Latvia, Port, Transport
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Thursday, 25.04.2024, 16:39
Ventas Osta company to be established to manage Ventspils port
BC, Riga, 17.12.2019.
Print version
Print versionThe Cabinet of Ministers on Tuesday supported the proposal of the Transport Ministry to established state joint stock company Ventas Osta that will ensure management of the Ventspils port, reported LETA.
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Ventas Osta's share capital will be EUR 35,000, while the shareholder will be the Transport Ministry.
Transport Ministry's acting state secretary Dzineta Innusa said that the legal status of Ventspils Freeport will not be changed.
Transport Minister Talis Linkaits (New Conservative Party, JKP) said that the bill will provide legal certainty to the companies who want to continue their work at Ventpils port.
According to the Transport Ministry, in order to ensure uninterrupted operations of Ventspils port and prevent potential negative consequences on cargo transportation and companies working at the port, the Ventspils Freeport Authority should be separated from the port as a territory.
As reported, the US Department of the Treasury's Office of Foreign Asset Control (OFAC) on December 9 imposed sanctions on a number of natural and legal persons in Europe, Asia and Latin America, including on Latvia's Ventspils mayor Aivars Lembergs, based on the so-called Magnitsky act.
OFAC has listed four organizations that belong to or are controlled by Lembergs - Vetspils Freeport Administration, Ventspils Development Agency, Business Development Agency, and the Latvian Transport Business Association.
To deal with Lembergs' influence in the Freeport of Ventspils, the government on Wednesday decided to take over the ports of Ventspils and Riga.
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