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Latvia

Audit: Poor management of Latvian State Forests causes millions in losses

Audit: Poor management of Latvian State Forests causes millions in losses
The Ministry of Agriculture (ZM) and the management of the joint-stock company "Latvian State Forests" (Latvijas valsts meži, LVM) have not ensured sufficiently effective oversight of the company, according to a State Audit Office audit published on May 21, which also assessed the 2023 government decision to provide support to timber processors.

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