Credit conditions tighten.RIGA -- Many foreign companies consider their Latvian customers as high-risk and now require them to pay for goods in advance, reports news agency LETA LETA Law Enforcement Thermographers Association LETA Lancaster Employment and Training Agency (Pennsylvania) LETA Laboratoire Esthetique Theorique et Applique . "The large amount of negative news about Latvia, as well as the country's low ratings, are the main reasons why such foreign insurers as Euler Hermes Euler Hermes International is a French credit insurance company owned by AGF which is also owned by European's Allianz SE. It claims to have 36% (2006) of the total credit insurance market. and Atradius refuse to insure contracts with Latvian companies This is a list of Latvian corporations:
KMM Keep Middlesex Moving (New Brunswick, NJ) KMM Kitco Minerals and Metals KMM K-Meleon Macro KMM Knowledge Management and Marketing KMM Key Management Message Metals chairman Maris Niedra. KMM Metals cannot buy commodities and pay for them later, as it used to do, regardless of how long and successfully it has cooperated with suppliers, says the chairman. Latvian Construction Supplies Traders Association President Martins Artins said that the prices for construction supplies have stabilized, though not only foreign suppliers, but local stores, don't want to take any risks, and store customers often have to order the supplies and pay full price in advance. From wire reports |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion