State Audit Office urges Latvian EconMin to consider ending privatisation process

  • 2016-05-05
  • BNS/TBT staff
The State Audit Office has called on the Economics Ministry to improve management of the Latvian Privatisation Agency (LPA), to assess contribution of the LPA board towards attaining the agency’s goals, and also suggested that the ministry should consider setting a specific deadline for completion of the privatisation process. The State Audit Office has concluded that the privatisation process has been in the final stages for at least the last seven years. During the period, only 3 per cent of the apartments still owned by the state have been privatised and 2 per ce...
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