The government supports the redirection of the Riga Russian Theater’s share of profits to improving financial stability

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The primary goal of the capital company’s activities is not to make a profit, but to perform the public administration tasks delegated to it in accordance with the Law on Cultural Institutions, therefore

Mikhail Chekhov’s Riga Russian Theater needs investments to ensure the theater’s financial stability in order to cover the losses accumulated in previous years in the amount of 168,746 euros.

VSIA “Mikhail Chekhov Riga Russian Theater” is a state capital company in which the holder of 100% of capital shares is KM. The theater performs state-delegated administrative tasks in the field of culture, within the framework of which the direct tasks of the capital company include the promotion of professional theatrical art and its accessibility to the general Latvian society, creating diverse and high-quality professional theatrical performances.

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