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Wednesday 18.07.2018 | Name days: Rozālija, Roze
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Fenster: we have money enough

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Commenting on the initiated case regarding the publishing house Fenster insolvency, Andrejs Kozlovs, company’s chairman, claims that his company is huge and there are no problems with its liquidity.

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU

Andrejs Kozlovs

According to what Kozlovs told the news agency BNN, the dispute with Boris Levi is linked to five-year-old transaction when Fenster acquired the periodical Sport Express. At that time, the sum of the transaction comprised 250 000 lats. Of which, 200 000 lats were paid to Levi, while the remaining 50 000 lats – were not paid at all. Therefore, it seemed as if the agreement conditions were not met.

«It is our main stance and we were ready to sue even back then. We regularly responded to his claims. Basically, it is a dispute relating to compliance with the agreement, rather than whether we have the necessary money. Consequently, the insolvency process was absolutely needless,» Kozlovs says.

According to Kozlovs, there could be several reasons for Levi’s action. The publisher believes that Levi is just trying to get attention in such a cunning way – exactly during the subscription campaign. «I think it is an action of an offended man. If the court decides that we have to pay this money to him, we will certainly do so. No problems,» Kozlovs says.

When asked to comment on whether the initiation of insolvency proceedings could affect the Russian newspaper market in Latvia, Juris Paiders, chairman of the Latvian Journalists Union board, emphasized to the portal BNN that he has not enough information to answer the question.

I know only what has been already reported by the media, I don’t have any other information. At the moment, I cannot judge the seriousness of this civil dispute or its consequences. I do not even know whether it is an individual that has sued the publishing house or perhaps s a bank. Lenders have to be asked about this, Paiders indicates.

The news portal BNN already reported that Riga City Latgale Court initiated SIA Izdevniecības nams Fenster insolvency case, following Boris Levi’s application.

At present, the publishing house is issuing such periodicals as Vesti Segodnya, Vesti, 7 Sekretov, TV-program in Latvian and Russian, Latvijas Santīms, Mājas Dakteris and Delovie Vesti.


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