With equity, private crowds out public

Oct 23, 2003
By Gary Peach

RIGA - At first glance the results are impressive. The Baltic Index of 15 blue chip stocks has soared 67 percent this year, and daily turnover in September was twice what the average was for 2002. The combined market capitalization of Estonian, Latvian anAfter several lackluster years, Baltic equities -- buoyed by low interest rates and consumers' spending binge -- have finally taken off. New investors have arrived, and they are bringing with them long-term financial resources. The emergence of ...

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