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Tolaram's future in doubt

Sep 23, 1999

DAUGAVPILS (BNS) - The City Council in the eastern Latvian city of Daugavpils asked to borrow $6 million from the state to re-open the Tolaram Fibers chemical company, but the Finance Ministry says the money will not be available this year.Municipalities are only allowed to take loans from the State Treasury, but most of the funds allocated for such loans have already been used, said Baiba Melnace, a spokeswoman for the Finance Ministry. Moreover, she said the state had not yet assessed the Daug ...

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