Corresponding to the article published by russian language newspaper Bussiness & Balticum on 29 July 2011, JSC Nordeka notifies:

Responding to Cabinet resolution on budget cutdowns, State Ltd.”Road Transport Administration” has decreased overall transportation volume of JSC Nordeka, fixed by Concession agreement of 2008, by 1 million kilometrs and it is foreseeable decrease of transportation volume of another 1 million kilometrs. In this case JSC Nordeka should be forced to discharge part of employees and sell unnecessary omnibuses.

Sergejs Zabavnikovs
Chairman of the Board

         Dainis Pinkis
         economist
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