Proposed bill worries foreign investors

  • 2013-10-31
  • Staff and wire reports
RIGA - In an assault on investors into Latvia’s agricultural sector, a bill that, on the surface, could prove highly discriminatory and detrimental to foreign interest is making its way towards adoption in the Saeima. Some investors regard the proposal as a way to keep foreigners out of the farming and forestry industries.According to EU laws, new member countries, Latvia included, have to, by May 1, 2014, open up the land markets to all EU citizens. To get around this, a new law amendment creeping through Saeima would extend restrictions for investors – primarily foreign ...
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