Increase in cost of subsidized energy in Latvia could threaten existence of some companies

The current situation at the joint-stock metallurgical company Liepajas metalurgs shows that the concern in regard to the increase of subsidized energy prices and the consequences for Latvia's economy are serious and justified. These costs could not only threaten the competitiveness of Latvian companies, but also their existence, Economy Minister Daniels Pavluts believes, writes LETA.... Read more...