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THE LARGEST ROUTE CARRIER IN RIGA IS GOING BANKRUPT

Riga's largest company engaged in intercity passenger transportation, on June 28, began the legal process of bankruptcy protection. The application for this was considered by the court of the Vidzeme suburb. Within the next two months, Rigas mikroautobusu satiksme (RMS) will have to submit to the court a plan of measures for protection against insolvency, agreed and approved by the company's creditors. There are 11 intra-city routes under the management of the organization. In particular,...

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