On 12 October 2023, at the launch of the Baltic Capital Markets Conference in Riga, the Minister of Foreign Affairs, Krišjānis Kariņš, underlined that the capital market in the Baltic States held a great potential for growth.
Companies in the Baltic States have reached the phase in their development of being ready to export their business and buy businesses in Europe and the wider world – which some companies already do, the Foreign Minister noted. To facilitate that, Krišjānis Kariņš emphasized, we need to develop capital markets with a high growth potential in a targeted way that will serve as the basis for faster economic growth and increase in the level of public welfare.
Krišjānis Kariņš expressed confidence that the current government would deliver on the pledge already made by previous governments to begin quoting the minority shares of state-owned and municipal companies on the stock exchange, since the Government Declaration sets out a commitment to trading on equity markets the minority shares of market-oriented public limited companies, thereby distancing them from political influence and raising the necessary capital.
