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Vouchers good for another year

Jul 01, 1999
Anastasia Styopina

RIGA – The Parliament has extended the term of privatization vouchers that expire on Dec. 31 for one more year, but some fear the decision was made a little too early.The state has issued 110.3 million vouchers, each worth 28 lats ($47) so that Latvian residents could acquire land, apartments or company shares. But seven months before they were due to expire, residents and companies still held 37.9 percent, or 41.8 million unused vouchers.The Cabinet was scheduled to review the problem of redeem ...

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