Head of NASDAQ OMX: Development of the Baltic Capital Market Will Foster Economic Growth

Baltic capital market has significant potential for development and its realization will contribute to economic growth of the region, head of NASDAQ OMX Stock Market Group Robert Greifeld emphasized today during a meeting with Latvia’s Prime Minister Valdis Dombrovskis.

State Chancellery reports that the head of the NASDAQ OMX informed Dombrovskis about the company's objective to develop a common capital market of the Baltic countries with a view to attract new regional-level partners as well as to promote the investors' interest in the opportunities to invest in the Baltic region.

Dombrovskis accentuated that under current circumstances when crediting of the banking sector is still limited, there is a need to seek alternative funding resources to ensure development of the existing companies and implementation of new business ideas. In this area the stock exchange can make a significant contribution and, therefore the Prime Minister called on the NASDAQ OMX to focus on those opportunities.
This is the first visit of Greifeld to the Baltic States.

NASDAQ OMX is the world's largest Stock Exchange group, which has been represented also in Latvia since 2008 with the Stock NASDAQ OMX Riga. Approximately 3400 global companies are listed in NASDAQ OMX Stock Exchanges.

Last year Valdis Dombrovskis and the Latvian entrepreneurs' delegation paid a visit to the USA and on June 21 visited the central office of the NASDAQ OMX in New York where they participated in ceremonial opening of the closing session trading. In the meantime, a video clip about Latvia made by the Latvian Institute was shown on the facade of the NASDAQ Market Site in Times Square.

Photo: Courtesy of State Chancellery