Total revenues from privatization amounted to LVL 1.704 billion in ten years
In the past ten years, total revenues from privatization of state properties have amounted to LVL 1.704 billion, according to the Latvian Privatization Agency^apostrofs;s (LPA) data.
In the past ten years, total revenues from privatization of state properties have amounted to LVL 1.704 billion, according to the Latvian Privatization Agency's (LPA) data.
The LPA launched operations in 1994.
Privatization for cash brought in LVL 332 million in the ten years, whereas privatization for vouchers - LVL 1.372 billion.
By the end of 2004, privatization procedures were completed at 1,106 state-owned objects, sold for a total of LVL 782.88 million.
Privatization of state-owned shares was completed in 247 companies, it brought in LVL 78.25 million overall.
In 2004, LPA's cash revenues from privatization totaled LVL 30.25 million, 61 percent more than in 2003.
LPA maintenance costs amounted to LVL 1.79 million last year.
LPA board chairman Arturs Grants said at a meeting of the LPA council today that LPA had compiled information on state-owned facilities where privatization had been launched but later halted because of objections from government institutions. Overall, there are more than 80 such facilities, the government could consider their further privatization in the near future.
The LPA council today approved a report on the LPA operations in 2004, and the financial report on 2004.
Dace Karklina LETA
Copyright © LETA
The LPA launched operations in 1994.
Privatization for cash brought in LVL 332 million in the ten years, whereas privatization for vouchers - LVL 1.372 billion.
By the end of 2004, privatization procedures were completed at 1,106 state-owned objects, sold for a total of LVL 782.88 million.
Privatization of state-owned shares was completed in 247 companies, it brought in LVL 78.25 million overall.
In 2004, LPA's cash revenues from privatization totaled LVL 30.25 million, 61 percent more than in 2003.
LPA maintenance costs amounted to LVL 1.79 million last year.
LPA board chairman Arturs Grants said at a meeting of the LPA council today that LPA had compiled information on state-owned facilities where privatization had been launched but later halted because of objections from government institutions. Overall, there are more than 80 such facilities, the government could consider their further privatization in the near future.
The LPA council today approved a report on the LPA operations in 2004, and the financial report on 2004.
Dace Karklina LETA
Copyright © LETA
