On 05.10.2009 the Council and the Management Board disclosed information for investors about the refusal of the JSC “Mortgage and Land Bank of Latvia” to grant loan means and about the situation in the company.

The Council and the Management Board is informing herewith, that in the result of made efforts and thanks to understanding of our partners in Russian Federation and Germany the situation with the purchase of raw materials and placing of additional orders from EU (Germany) is settled, and the company has renewed and is activating its industrial activity.

The abovementioned proves the potential and confidence of the partners of the JSC „Ditton pievadķēžu rūpnīca”, competence, independence and objectivity by the assessment of the market and the company, i.e., about that what the JSC “Mortgage and Land Bank of Latvia” as a state representative did not demonstrate.

„Unpromising” economics of the Russian Federation helps the economics of Latvia. Unfortunately, the difference in the approach to production as a fundamental factor of any economics is evident. In the result the income from the turnover of the additional funds in the production shall be received not by the Latvian budget, but by the far-sighted and pragmatic business structures of Russian Federation and Germany.


B.Matvejevs
Chairman of the Council
 
E.Zavadskis
Chairman of the Management Board