Chairwoman of the FCMC Santa Purgaile emphasises, “Compared to other European countries, the capital market is currently underdeveloped in Latvia. This is reflected in the relatively low market capitalisation against gross domestic product. The FCMC has identified and compiled proposals for capital market development in order to promote the popularity of a regulated market as a source of capital and to facilitate access to a regulated market for both entrepreneurs and investors. Nothing changes by itself – essential decisions related to Latvia’s capital market are needed already now in order to expect further progress in the capital market, and accordingly resulting in added value to the national economy.”
It is intended that experts from the European Bank for Reconstruction and Development and the Baltic States will exchange their points, as well as Lithuanian and Estonian best practices will be presented and three panel discussions will be held to discuss following topics:
The aim of the Forum is to promote expert discussions and institutional cooperation in order to develop Latvia’s capital market and maximise its potential. A developed capital market gives a boost to the domestic and foreign investment inflows in Latvia, opens up ample opportunity for local and foreign entrepreneurs to raise financial resources, and enables investors to make investment in the development of Latvia’s economy.
To recognise challenges associated with the local market and to address them, as part of the strategic dialogue between the FCMC and capital market participants in 2020, the FCMC has heard the views of institutions involved on their previous experience, the assessment of regulatory framework and the vision of further development. Experts expressed their views on development prospects for capital market, challenges to capital markets in Latvia and possible development scenarios. In addition, the FCMC conducted a survey of Latvia’s former, current and potential capital market participants, as well as assessed Latvia’s capital market situation. Consequently, a 10-step programme for Latvia’s capital market development has been drafted based on the conclusions of the strategic dialogue, survey and the assessment carried out by the FCMC.
Registration to the Forum: https://fktk.stasti.lv/tiesraide/.
Communications and Financial Literacy Division
Financial and capital Market Commission
Phone: +371 67774808