Kuzavs informed that the resulting losses will also be calculated in detail, because after the purchase of the land, “Sirin Development” paid the land tax and interest all the time to the banks that lent money for the purchase of the land, as well as other expenses. As soon as “Sirin Development” receives an official notification about the cancellation of the auction, the company will also demand compensation for the resulting losses.
“We respect the decisions of the institutions and will comply with them. However, it should be noted with regret that the disagreements of Latvian institutions undermine the image of both Riga and the entire country, becoming an obstacle to attracting foreign investments, creating new jobs and increasing budget revenues. Even more so, this is happening at a time when foreign investors are already very cautious and avoid investing in the Baltic states,” said Kuzavs.
He added that the situation is really unpleasant, because “Sirin Development” devoted a lot of time, effort and financial resources to this project.
“A good opportunity for a project that would bring real benefits to both the city and the airport, as well as the company, has been lost. As you can see, this situation is also unpleasant for the municipality itself,” added Kuzavs.
It has already been reported that the chairman of Riga City Council Vilnis Ķirsis (JV) said at a press conference on Wednesday, March 27, that the transfer of several plots of land near Riga Airport for privatization in 2012 did not take place legally. This was concluded in the evaluation of the legality of the privatization process carried out by the municipality. Deputies had incomplete information at the time of the decision.
Tags: Lithuanian company Riga City Council compensate losses land plots airport
