Laima makes caramels in Russia
Nov 04, 1999
RIGA (BNS) - Latvian-Russian joint venture Laima could begin production in Novgorod, Russia, next spring, Latvia's candy and chocolate producer Laima told the daily Diena.Laima's board chairman, Ivars Kalviskis, said that legal formalities were still being settled, but initially Latvia's Laima will hold 74 percent in the joint venture in Russia.In four or five years the Russian partners will increase their share in the company to 49 percent and the Latvian party will own 51 percent of its capita ...
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