Vilnius, 2014-05-27 14:00 CEST (GLOBE NEWSWIRE) -- Tallinn/Riga/Vilnius, Baltic Market, May 27, 2014 – The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announces that the first Baltic Capital Market Forum “Capital Market as a Driver of Economic Growth & Job Creation” was held on May 27 in Riga. The Forum has highlighted that a developed capital market is fundamental for further growth of the economies of the Baltic countries.
A well-functioning capital market supports economy by providing long-term financing for companies’ growth and job creation, as well as financing innovation and improving corporate governance. Capital market not only provides funds for business development, it also enables governments to get funding for large-scale projects and improve corporate governance and effectiveness of state-owned enterprises.
"We believe that a well-developed capital market is an untapped potential for the growth of prosperity in the Baltic countries,” said Arminta Saladžienė, Head of NASDAQ OMX Baltic Market. "The Forum forms part of our commitment to accelerate and boost the development of strong capital market for the benefit of our Baltic economies. We belong to the NASDAQ OMX Group which is a global leader in providing efficient trading and exchange technology and our goal is to employ this advanced infrastructure to secure that companies in need of capital would get access to funding.”
Business leaders, policy makers, investment and advisory community from the Baltic and Nordic regions and beyond shared ideas, experience, success stories and debated how to increase the role of the Baltic capital market as a source of long-term financing, and the role of the national governments in facilitating access to financing for business, how Baltic institutional investors, such as pension funds, can contribute to a long term financing of home market businesses and economies. The conference was attended by more than 150 participants from the Baltic and Nordic regions.
“It is a great pleasure to hold the Baltic Capital Markets Forum in Riga,” said Daiga Auziņa-Melalksne, Head of Exchange Services at NASDAQ OMX Baltic Market. “We see the overwhelming interest in this Forum among the attendees and that is a good indication for constructive debates and future collaboration in order to improve the climate for initial public offerings (IPO) in the Baltics.”
According to D. Auziņa-Melalksne, the ultimate goal for the Baltic countries is to create an ecosystem for raising capital, in which the Stock Exchanges, governments, decision makers, investment banks, institutional investors, private owners, and all other participants of financial market together provide the best possible conditions for companies to finance growth and create new jobs by accessing the capital markets and preparing for successful IPOs.
Read more: http://www.nasdaqomxbaltic.com/en/news/baltic-capital-market-forum/
About NASDAQ OMX Group
NASDAQ OMX (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,400 listed companies with a market value of over $8.5 trillion and more than 10,000 corporate clients. Read more: www.nasdaqomx.com
NASDAQ OMX Baltic Market is a common name for exchanges, regulated markets, alternative markets First North operated by NASDAQ OMX companies in the Baltic States, i.e. NASDAQ OMX Tallinn AS, NASDAQ OMX Riga AS and AB NASDAQ OMX Vilnius. Read more: www.nasdaqomxbaltic.com
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Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. NASDAQ OMX cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements about our capital return initiatives. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX’s control. These factors include, but are not limited to, NASDAQ OMX’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in NASDAQ OMX’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on NASDAQ OMX’s website at http://www.nasdaqomx.com and the SEC’s website at www.sec.gov. NASDAQ OMX undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
Media Relations Contact:
Audronė Ranonytė
370 5 272 34 58
Audrone.ranonyte@nasdaqomx.com