Baltic, Financial Services, Investments, Latvia, Markets and Companies

Robert Greifeld and Valdis Dombrovskis. Riga, 27.06.2012. Photo: flickr.com

Greifeld explained that achieving the Baltic capital market's potential will contribute to the region's economic growth, as the State Chancellery's Communication Department informed LETA.

Dombrovskis in turn said that, in the current situation when lending remains limited, alternative sources of funding must be sought to develop companies and new business ideas. The prime minister is convinced that stock markets can contribute greatly in this regard, and Dombrovskis urges NASDAQ OMX to make use of these opportunities.

Discussing the potential listing of partially and fully state-owned companies on the stock market, the prime minister informed that the government is currently working on a state-owned company management reform. Within the reform, it will be assessed which companies will be kept and which – privatized, including by listing on the stock market.

Dombrovskis informed that those companies that are included on the list of enterprises not subjected to privatization will not be listed on the stock market. In other cases, this might be considered, taking into account various advantages this offers, for example, business culture and company management improvements, as well as the possibility of attracting foreign investment for development.

Greifeld informed the prime minister about the company's goal to establish a joint Baltic capital market with the aim of attracting new regional partners and fostering investors' interest the region's investment opportunities.