Latvian court rules metallurgical plant KVV Liepajas Metalurgs insolvent
Latvia.
Riga - Arab Today
A Latvian court on Friday ruled that metallurgical plant KVV Liepajas Metalurgs owned by Ukraine's KVV Group has been insolvent.
The decision on plant's insolvency was made by the local court in the western Latvian city of Liepaja where the plant is situated.
The insolvency case against KVV Liepajas Metalurgs started as two companies filed complaints to the court over the company's debts.
The total debts are tens of millions of euros. The biggest debt of 65 million euros (73 million U.S. dollars) is to the Latvian state which issued credit guarantees worth 100 million euros to the steelworks.
Ukraine's KVV Group acquired then-bankrupt Liepajas Metalurgs in 2014.
Source : XINHUA
- Thursday ,13 December GMT 22:14 2018 Netanyahu vows to 'settle accounts' after rise in Palestinian attacks
- Thursday ,13 December GMT 13:57 2018 Russia: Imposing Israeli laws on occupied Syrian Golan rejected
- Wednesday ,12 December GMT 10:20 2018 The Palestinian Cabinet call France to recognize the State of Palestine
- Tuesday ,11 December GMT 12:50 2018 India plans to pull out of $500 million missile deal with Israel
GMT 16:04 2018 Friday ,14 December
Turkey orders arrest of 219 soldiers in Gulen investigationGMT 15:51 2018 Friday ,14 December
Turkey sees no reason for new summit with Russia on IdlibGMT 22:14 2018 Thursday ,13 December
Netanyahu vows to 'settle accounts' after rise in Palestinian attacksGMT 13:57 2018 Thursday ,13 December
Russia: Imposing Israeli laws on occupied Syrian Golan rejectedGMT 10:20 2018 Wednesday ,12 December
The Palestinian Cabinet call France to recognize the State of PalestineGMT 12:50 2018 Tuesday ,11 December
India plans to pull out of $500 million missile deal with IsraelGMT 12:45 2018 Tuesday ,11 December
French Minister refuses to present award to Palestinian NGOGMT 12:13 2018 Tuesday ,11 December
Arab League urges Bolsonaro to reconsider embassy moveRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 07:05 2017 Saturday ,16 December
Civil plane crashes in Fayyoum;crew killed
GMT 10:06 2018 Tuesday ,27 November
Trump rallies for controversial Mississippi Senate candidate
GMT 00:03 2017 Sunday ,09 April
Saudi Arabia announces largest entertainment, cultural city
GMT 10:26 2018 Tuesday ,23 October
Khashoggi's death will not impact relations between US, Turkey, Saudi ArabiaGMT 15:49 2013 Tuesday ,26 February
Death toll rises to 19 in Egypt\'s Luxor balloon accident
GMT 08:03 2017 Saturday ,24 June
Unknown people threw Molotov
GMT 10:37 2017 Saturday ,29 April
Sudan works to build balanced relations with countries of the worldGMT 11:17 2011 Saturday ,30 July
AU forces gain ground against Somali militantsGMT 05:32 2012 Monday ,11 June
Virgin Mobile launches no-contract iPhoneGMT 11:03 2011 Saturday ,30 July
Zara and rugby star marry in Britain\'s second royal wedding
GMT 14:22 2016 Friday ,21 October
How 3 Kuwaiti sisters built a regional beauty empireGMT 14:16 2011 Friday ,15 July
Michael Caine interview: \'It’s so cool playing a 1966 Aston Martin’
GMT 03:33 2017 Thursday ,02 March
The father of algebra: Abu Jaafar Mohammad Ibn Mousa Al KhwarizmiGMT 05:06 2012 Monday ,16 July
Sherif Mounir speaks about fight on \'Al Saffaa\' setsGMT 11:59 2012 Thursday ,03 May
\'Penumbra\' horror and thriller movie
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor