Vienna conference to discuss Baltic capital market project

VILNIUS – The project of the joint capital market of the three Baltic states initiated last year will be discussed at Euromoney, the international conference in Vienna that will be attended by Lithuania's Finance Minister Vilius Sapoka.

"I believe that creation of a joint capital market of the Baltic states will facilitate better conditions for small and medium-sized enterprises to use financing sources and will improve the competition on financial markets," Sapoka said in a press release prior to the event, which is the largest in the Central and Eastern European region.

The joint capital market of Lithuania, Latvia and Estonia is expected to assist the Baltic states in reducing the restrictions and make the market more attractive to investors.

Last November, the finance ministers of the three Baltic states and officials of the European Commission and the European Bank for Reconstruction and Development (EBRD) signed a memorandum in Brussels, agreeing to unify regulation of capital markets and eliminate investment obstacles.

The Euromoney conference on Jan. 15-16 will involve policy shapers, investors and representatives of financial institutions and the academic community.