Wed, 15 Jun 2011: Kampars criticizes Flick’s methods…
Jun 15, 2011 Baltics
The minister believes that the huge loss was created on purpose, to “pump out funds” from the company. Kampars said that “Last year the Latvian government invested more than 15 ...Tags: Financial Management Service, Flick, Fuel Supplies, Lats, Latvian Government, Management Methods, Money, Offshore Companies, Private Company, Rsquo, Service Provision
Wed, 30 May 2007: Law on nuclear plant down to nitty-gritty…
May 30, 2007 Baltics
"The bill does not set out any restrictions as to the above situation, that is, gives no control over a sale of the shares," the experts wrote in the report. The report was sent to the parliame...Tags: Business Consultancy, Committees, Conclusions, Deloitte, Economics, European Law Department, Expert Evaluation, Independent Expert, Investigation Service, Justice Ministry, Legal Affairs, Ndx, Nitty Gritty, Nuclear Plant, Ownership Model, Parliament, Private Company, Shareholders, Vp, Vse
Wed, 19 Apr 2006: Ansip shifts gear on railway sale…
Apr 19, 2006 Baltics
The ministry is currently at loggerheads with the management of Baltic Railway Services, the private company that owns 66 percent of Estonian Railway. "In fact, the main issue currently lies in t...Tags: Asking Price, Baltic, Brs, Economy Minister, Edgar Savisaar, Kroons, Loggerheads, Management Services, Ministry Officials, Politicians, Private Company, Railway Services, Shareholders
Wed, 29 Mar 2006: State, BRS fail to endorse report…
Mar 29, 2006 Baltics
Baltic Rail Service, the private company that owns 66 percent of Estonian Railway, maintains that increasing the value of the company's fixed assets has been approved by auditors. They also argue...Tags: Asset Appraisal, Baltic, Chairs, Economy Minister, Edgar Savisaar, Evaluations, Fixed Assets, Infrastructure Companies, Investors, Private Company, Railway
Thu, 4 Sep 2003: In Brief - 2003-09-04…
Sep 4, 2003 Baltics
The lag behind lastyear's figure is due to a temporary shutdown of the refinery in the firsthalf of 2003.After several years of losses, Mazeikiu Nafta posted net earnings of 74million litas (21.5 ...Tags: Accounting Principles, Constructioncompany, Earnings, Ehitus, Estonia, Gaap, Losses, Merko, Oil Shale, Private Company, Refinery, Subsidiary