Wed, 11 Oct 2006: Vitol Group aquires 34.5 percent of Ventspils Nafta, state nets 103 mill…

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...

Wed, 28 Sep 2005: Taking counsel…

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...

Thu, 24 Apr 2003: Group: vouchers best for land…

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...

Thu, 30 Jan 2003: Sell-off plan for Latvijas Krajbanka…

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...

Thu, 4 Nov 1999: Summed up…

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...

Thu, 12 Aug 1999: Latvian Shipping Company privatization postponed…

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...

Thu, 1 Jul 1999: Vouchers good for another year …

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...

Thu, 1 Apr 1999: Latvenergo’s privatization back on track…

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...

Thu, 17 Dec 1998: Stock markets: weekly report (December 4 - 11)…

"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...

Thu, 26 Nov 1998: Compensation fund dips into the red…

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...

Thu, 19 Nov 1998: Uhispank reneges on deal…

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...

Thu, 24 Sep 1998: Stock markets: weekly report (September 15 -Ê21)…

"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, ...

Thu, 27 Aug 1998: Minister attacks Privatization Agency…

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...

Thu, 30 Jul 1998: Voucher system threatens privatization revenue …

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 ...

Thu, 30 Jul 1998: Will Jurmala’s White Palace survive privatization? …

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...
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