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French, Latvian firms selected for postal bank

Feb 20, 2008
Staff and wire reports

RIGA - Latvia's Transport Ministry announced that a French consultancy and a local business conglomerate have been picked to create the country's postal bank, a project that will aim to rescue the Baltic state's moribund postal company. Transport Minister Ainars Slesers told reporters on Feb. 18 that CVA, a French consultancy that helped create France's postal bank, and Mono, a Latvian multi-business company, had been selected and that both companies were prepared to invest 50 million euros ...

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