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Voucher system threatens privatization revenue

Jul 30, 1998
Anastasia Styopina

RIGA – Economics Minister Laimonis Strujevics suspended new privatization payment regulations July 28 that many say could cost Latvia 8 million lats ($13.3 million) in privatization revenue.Strujevics said the regulations are suspended until the Cabinet of Ministers, Finance Ministry, Parliament budget and finances commission and Prosecutor's General Office review procedure's legal and economic validity.The new procedure, adopted by the Latvian Privatization Agency's (LPA) council July 17, allow ...

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