FINANCIAL EDUCATION WEEK 2013 launched

25.03.2013
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Riga, 18.03.2013
Press Release

FINANCIAL EDUCATION WEEK 2013 launched

On March 18 Financial and Capital Market Commission (FCMC) in cooperation with partners announced the opening of the first FINANCIAL EDUCATION WEEK in Latvia. The LIST OF VIRTUAL ACTIVITIES presented by the associates of FCMC in organizing the FINANCIAL EDUCATION WEEK 2013 was published on the first day of the event, providing a plentiful supply of activities that encourage children and adults to clarify their level of financial erudition and improve their knowledge through various tests and activities (link to the List: http://ej.uz/v6fx).

FCMC Chairman Kristaps Zakulis, Head of the National Centre for Education Guntis Vasiļevskis and President of the Association of Commercial Banks of Latvia Martins Bicevskis participated in the opening event and spotlighted significance of financial knowledge in everyday life.

Presenting the results of latest public opinion research on the financial knowledge level conducted by the research centre SKDS, Zakulis emphasized that 56% of Latvia’s residents need to improve or acquire knowledge in the financial area, because respondents admitted that they have only basic knowledge or even rather poor understanding of financial matters. Most of all residents of Latvia lack knowledge about the pension system and savings accumulation, as well as information about unauthorized service providers. (link to the research: http://ej.uz/542e)

Within the framework of Week, various events were planned, such as exhibitions and seminars, partner reports on survey and research results. For the first time representatives of the FCMC management team paid visits to the schools they have graduated from and gave lectures to the schoolchildren – FCMC Board Member Gvido Romeiko in Liepaja (western Latvia) on March 18, head of Licensing Division Agnese Alaine in Riga on March 19, and  FCMC Chairman Kristaps Zakulis in Limbazi (northern Latvia) on March 20.  Whereas on March 19 an educational program was broadcast live on the Latvian radio (Latvijas Radio 1) where FCMC head Kristaps Zakulis and President of the Association of Commercial Banks of Latvia Martins Bicevskis responded to the questions posed by schoolchildren and students. 

Organizers of FINANCIAL EDUCATION WEEK 2013 activities are FCMC, National Centre for Education, Bank of Latvia, BA School of Business and Finance, Consumer Rights Protection Centre, Junior Achievement Young Enterprise Latvia, Association of Commercial Banks of Latvia (ACBL), as well as several commercial banks. Partners offered educational activities every day of the week. The full list of scheduled activities (in Latvian) is available at: http://www.fktk.lv/lv/publikacijas/finansu_izglitibas_nedela_2013/2013-03-11_pasakumu_saraksts/.

For further information:
Ieva Upleja
Chief Public Relations Specialist
Communications Division
Financial and Capital Market Commission
Phone:+371 67774807; email: ieva.upleja@fktk.lv

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