Friday, December 19, 2008

Latvian leadership continues to spread contradicting news

Latvian government participates in IMF coordinated negotiation process in securing the loan from the EU Commission. It was the Latvian court jester Slakteris who uttered couple of weeks ago that Latvia Inc needs about five billion euros from the IMF, and if possible would have taken even more... . This Wednesday during the "Kas notiek Latvijā? TV show" the PM specified that required monies would mostly come from the EU Treasury, and that it is the IMF who asked not to disclose the exact loan sum until the negotiation process is over.

Latvian government refused to sell the majority stake in airbaltic.com to SAS last week. Yesterday SAS announced that it would sell remaining 47,2% of the airbaltic stocks to the airbaltic.com management by January 31, 2009. Until now the airbaltic.com is the state company and controls the 52% majority stocks already. These are dire times for SAS, but also not the rosiest times for the Latvian state as the majority stockholder in the company, thus it is something the KNAB and Latvian prosecutors office could actually investigate?

And finally the ministry of finance decided to launch the official Latvian euro website today. The present government plan is to introduce the common currency by the 2012 deadline. Interesting indeed... .

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