Juhan Parts: single stock exchange for Baltic States

During the Estonian-Latvian enterprise forum held by the Estonian Chamber of Commerce and Industry, Minister of Economics Juhan Parts suggested that the Estonian, Latvian and Lithuanian stock markets could join in order to generate liquidity, postimees.ee writes.

Parts said that the price of shares in Tallinn, Riga and Vilnius’s stock markets have decreased 70 pct from the start of last year because the markets aren’t liquid due to their small size.

This is why something should be done to enhance the liquidity and to preserve the businesses’ interest in keeping their shares on the stock exchange and in adding extra capital into fighting against share emission.

Parts suggested that maybe considering joining the three exchanges would be a valuable idea.

Sirley Salk
www.balticbusinessnews.com