Teksts
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JSC Latvijas
balzams has submitted the investment project application to the
Ministry of Economics for consideration in order to qualify for the
supported investment project status and use relief of corporate
income tax, provided by legislation.
“The total cost of the project is estimated in the amount of 23
million euro, and in the case of support, the company plans to
implement a large-scale plant modernization and
reconstruction in Riga, 160 A. Caka Street”, informs the company's
Chairman of the Board Intars Geidans.
By implementing this investment project, Latvijas balzams would
improve its competitive positions among the region producers, as
increasing labour, logistics and production costs faced by the
leading Latvian exporter are the risks that require long-term
solutions.
Chairman of the Board of the company emphasizes that the
implementation of the project will be possible only upon condition
that it will be supported by the state and accordingly will receive
relief of corporate income tax, as well as other benefits provided
for by the Regulation of the Cabinet of Ministers “Regulations of
Approval and Implementation of Supported Investment Project”.
For more information please contact:
Dana Hasana
Head of Communications JSC Latvijas balzams
dana.hasana@amberbev.com, +371 263 55895
www.lb.lv
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