Green energy support squeezing Latvia’s manufacturers

  • 2013-02-06
  • From wire reports
RIGA - Metallurgical company Liepajas Metalurgs and Latvia’s Finance Ministry have begun the elaboration of the company’s long-term debt-commitment restructuring plan, in order to find a solution to save the company, reports addition to funds from a loan of 60 million lats (85.7 million euros) granted to Liepajas Metalurgs by UniCredit, previously accumulated funds of Liepajas Metalurgs as well as current assets were invested into the modernization of the company’s melt shop and the revamping of auxiliary production units.The repayment of the prin...
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