Wed, 11 Oct 2006: Vitol Group aquires 34.5 percent of Ventspils Nafta, state nets 103 mill…
Oct 11, 2006 Baltics
The sale earned the government 74.2 million lats (103 million euros)."The auction has taken place, and the selling price was higher than the minimum. Of course we hoped that it would have been eve...Tags: Auction, Baltic News Service, Board Chairman, Euros, Grants, Lats, Latvia, Privatization Agency, Privatization Deal, Public Television, Vaira Vike Freiberga, Ventspils Nafta, Vike, Vitol, Vouchers
Wed, 28 Sep 2005: Taking counsel…
Sep 28, 2005 Baltics
The first step in completing the privatization process was to set a definite term 's Aug. 31, 2006 's for submitting proposals for the state and municipal property object and land plot privatizati...Tags: Land Plots, Lats, Privatization, Proposals, Vouchers
Thu, 24 Apr 2003: Group: vouchers best for land…
Apr 24, 2003 Baltics
Paupe said the working group agreed not to offer large companies for vouchers based on the estimation that the value of non-privatized land and real estate exceeds the value of vouchers still held...Tags: Estimation, Expiration Date, Face Value, Former Employees, Lats, Lattelekom, Privatization, Proposals, Real Estate, Voucher, Vouchers, Working Group
Thu, 30 Jan 2003: Sell-off plan for Latvijas Krajbanka…
Jan 30, 2003 Baltics
The proposal calls for selling 25.01 percent of Krajbanka's present paid share capital in a single block for cash, as well as offering 6.6 percent to the bank's current and former employees and tr...Tags: Capital Stock, Investor, Latvian Privatization Agency, Latvijas Krajbanka, Lot, Proposal, Seven Models, Share Capital, Shares, Vouchers
Thu, 4 Nov 1999: Summed up…
Nov 4, 1999 Baltics
The nominal value of the ETA shares is 13.21 million kroons. The bidding deadline is 2 p.m., Nov. 22. Up to 50 percent of the purchase price can be paid in EVP privatization vouchers. ETA is opera...Tags: Average Wage, Baltic Countries, Barometer, Bidding Deadline, Citizens, Estonians, Eta, Gap, Japan, Labor Ministry, Latvia, Lithuania, Men And Women, Men Women, Nominal Value, Privatization, Social Affairs Ministry, Visa, Vouchers, Wage Gap
Thu, 12 Aug 1999: Latvian Shipping Company privatization postponed…
Aug 12, 1999 Latvia
The economics minister complained that the process has so far been very slow, and blamed it on the privatization agency and lack of activity in the privatization advisory board.Although the Cabine...Tags: Advisory Board, Auction, Economics Minister, Government Hands, Investor, Lasco, Latvian Shipping Company, Privatization Agency, Shipping Industry, Vouchers
Thu, 1 Jul 1999: Vouchers good for another year …
Jul 1, 1999 Baltics
Besides, a number of regulations have been submitted to the Cabinet of Ministers that would have considerably speeded up usage of vouchers," said Aivars Bernans, head of the Economics Ministry's p...Tags: Apartments, Director General, Economics Ministry, Latvian Privatization Agency, Parliament, People, Real Estate Market, Vouchers
Thu, 1 Apr 1999: Latvenergo’s privatization back on track…
Apr 1, 1999 Baltics
Residents may count on 20 percent of shares in the thermal power subsidiary and on 25 percent in the distribution subsidiary which includes regional power networks.Investors will be able to acquir...Tags: Distribution Network, Distribution Subsidiary, Economics Ministry, Foreign Investors, Hydroelectric Station, Latvenergo, Models, Power Networks, Privatization, Regional Power, Thermal Power Stations, Track Residents, Vouchers
Thu, 17 Dec 1998: Stock markets: weekly report (December 4 - 11)…
Dec 17, 1998 Baltics
"Probably the banks are going to report some of the worst results in their history."The key words for next year are loan default and, to avoid them, decisions to sell may be taken before the end o...Tags: Banks, Biggest Loser, Decisions, Key Words, Kroons, Loan Default, Privatization, Stock Market, Stock Markets, Stock Report, Turnover, Vouchers
Thu, 26 Nov 1998: Compensation fund dips into the red…
Nov 26, 1998 Baltics
The fund was founded by the state to redeem compensation vouchers. Estonian taxpayers receive compensation vouchers according to years of employment. The vouchers are meant to compensate for losse...Tags: Apartments, Business Deals, Citizens, Compensation Fund, Current, Dips, Employment, Estonian Taxpayers, Investments, Led, Losses, Shares, Soviet Union, Stock Exchange, Vouchers
Thu, 19 Nov 1998: Uhispank reneges on deal…
Nov 19, 1998 Baltics
3 they concluded a forward deal with Uhispank. According to this deal, Huvitusfond bought a number of different companies' shares at current price to sell them for Uhispank on May 5, 1998. In retu...Tags: Annual Report, Different Companies, Reneges, Risk, S Board, Vouchers
Thu, 24 Sep 1998: Stock markets: weekly report (September 15 -Ê21)…
Sep 24, 1998 Baltics
"In the near future nothing will become any clearer."Shares in Tallinn Pharmaceutical Factory and Rakvere meat packers were the hardest hit last week, diving more than 35 percent.Shares in Farma, ...Tags: Evp, Farma, Financial Sector, Furniture Manufacture, High Risk, Industrial Shares, Investors, Kroons, Liquidity, Meat Packers, Pharmaceutical Factory, Privatization, Rakvere, Riga Stock, Risk Investments, Stock Markets, Stock Report, Turnover, Two Thirds, Vouchers
Thu, 27 Aug 1998: Minister attacks Privatization Agency…
Aug 27, 1998 Baltics
We are not acting subjectively."As a state proxy at the LPA council, Strujevics headed a work group that prepared new regulations to decide when the LPA board could allow substitute vouchers for l...Tags: Contract Conditions, July 17, Lats, Lpa, Privatization Agency, Prosecutor, Proxy, Ru, State Privatization, Vouchers
Thu, 30 Jul 1998: Voucher system threatens privatization revenue …
Jul 30, 1998 Baltics
The LPA board's decision was based on subjectivity, Strujevics said, and "anywhere where there is room for subjectivity there is room for corruption."According to the current law on privatization ...Tags: Corruption, Half Times, Investments, July 17, Lats, Lpa, Paragraph, Privatization, Subjectivity, Uproar, Voucher System, Vouchers, Workforce
Thu, 30 Jul 1998: Will Jurmala’s White Palace survive privatization? …
Jul 30, 1998 Baltics
The sole bidder, Ominasis Italia of Rome, paid the Latvian Privatization Agency's (LPA's) asking price of 900,000 lats ($1.53 million) with 20 percent payable in cash and the remainder in privatiz...Tags: Acupuncture, Ailments, Asking Price, Circulatory Diseases, Gymnastics, Kemeri, Lats, Latvian Privatization Agency, Lpa, Mid 30s, Nervous Disorders, Peat, Remainder, Saunas, Showers, Skin Diseases, Spa Hotel, Spokeswoman, Vouchers, White Palace