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Tuesday 17.01.2017 | Name days: Tenis, Dravis
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Belevics has invested most of his money into son’s business

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUOpposite to public claims of Latvian Healthcare Minister Guntis Belevics from the Union of Greens and Farmers, he is directly interested in the success of his son’s business. The minister’s declaration and Lursoft data states that Saules aptieka received the lion’s share of Belevics’ personal funds as investments – more than EUR 2.76 million, as reported by Pietiek.

Belevics’ declaration does not clarify to whom the minister had provided loans (the law does not request such information to be provided). However, the document does show that the size of loans he provided was impressive. Belevics mentioned five loans: EUR 1 million; EUR 60,000; EUR 377,000 and EUR 208,000. The most impressive amount is EUR 2,764,338.82 he provided to an unknown person.

Belevics’ provided loan amount is equal to the amount Zemitane mentioned in its 2014 annual account as ‘a loan from a private person’ – EUR 2,764,339. As it is known, prior to formally giving away the business to his son, Guntis Belevics was the owner of Zemitane.

2014 was concluded by Zemitane with considerable losses – EUR 402,060. The company’s own capital had declined from EUR 1.7 million to EUR 1.3 million over the course of one year. Judging from Belevics’ declaration and Zemitane’s annual account, such unfortunate financial results forced the Healthcare Minister to lend a significant portion of his finances to the company of Saules aptieka concern.

This means Belevics is directly and personally interested in the company’s economic success – Saules aptieka pharmacy business has to earn well in order to ‘pull’ Zemitane out after the minister’s generous donation.

Ref: 102.109.109.6792


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