2012 — 06 — 19
COBALT partner chairs FICIL working group on Competitiveness of State-Owned Enterprises

The Foreign Investors Council in Latvia (FICIL) has held the 16th High Council Meeting of the FICIL and the Government of Latvia (May 31-June 1, 2012, Riga).

During the meeting, FICIL submitted the position papers on the macroeconomic and tax policy, efficiency of the judicial system, improvement of the insolvency process and competitiveness of state-owned capital companies, to the Government. The position papers can be viewed here.

COBALT participates in the work of FICIL through its membership in the American Chamber of Commerce in Latvia. Managing Partner of COBALT Latvia office Dace Silava-Tomsone chaired the FICIL working group on competitiveness of state-owned enterprises which produced the position paper outlining basic principles for involvement of the state in commercial activities and management of the state-owned companies. Dace Silava-Tomsone also participated as a delegate to the High Council.