Although Riga and Latvia have been the center of the Baltic for a long time, in recent years we have started to be more and more dependent on our neighbors. However, it is far from the case that everything is bad, for example, “airBaltic” is an important company in the region, which could become even bigger when it starts on the stock exchange. About that and your investment in the show 16.00 will be told by Klāvs Vasks, businessman and chairman of the board of “airBaltic” and “Tet”.
“airBaltic”, on whose board Vasks works, is likely to become the first state-owned company to become a publicly traded company, whose shares can be purchased by anyone on the stock exchange. “The state stimulating the supply with quality assets is a way to stimulate citizens to convert their deposits into shares,” says Vasks. He thinks it’s generally the right move.
On the other hand, speaking about the prospects of “Tet”, he says that these companies are well capitalized and profitable. He would see the need for listing on the stock exchange, if very large financing was needed to develop, then it could be considered together with some other financing models. But in the “existing business model” it is not necessary. However, he mentions that the stock exchange could be one of the tools to solve the relationship between the two main owners of the company – the Latvian state and the Swedish “Telia”.
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