Energy, Good for Business, Investments, Latvia, Transport

“The rapid development of internet technologies has created new preconditions for communication with investors. Communication has become much more effective – it is no longer necessary to wait for the next shareholders’ meeting to obtain information of interest. Each investor can choose the most suitable channel, whether it is the website or social networks, or a webinar organised by the company. We are genuinely happy that the work we have contributed has been approved of already for the second year in a row. That confirms the high corporate governance standards of the group of companies,” says Robert Kirkup, the Chairman of the Management Board of JSC Ventspils nafta.

The Baltic Market Awards commenced in 2006. They were established with the aim of promoting improvement of investor relations, increasing transparency of the companies listed in the stock exchange, as well as providing individual evaluation and consultations to companies in respect of improvement of investor relations. Each company is evaluated by over 160 criteria, including the quality of their annual reports and interim reports, notifications to the stock exchange, companies’ websites and evaluation done by independent experts.

The evaluation committee of the Baltic Market Awards consisted of representatives from the media, academic community, institutional investors and management of the Baltic stock exchanges.

JSC Ventspils nafta is one of the largest groups of companies in Latvia and works in the petroleum product transport, transhipment and storage, as well as shipping sector. JSC Ventspils nafta is the Group’s parent company, which manages investments in subsidiary companies, by promoting the Group’s joint values and growth in value of each individual company.