However, publicly supported public private market basket somerville initiative. Karlis Ulmanis even

Latvian stock market almost all time of its existence has been, to put it mildly, unpopular. However, all those who for a long time been engaged in investment, knows the ancient truth that objects that have long been unpopular, should be given special attention because they are hiding the most potential. That is why we turn to the stock market - this time the historical aspect (as they say smart people - one who does not know from where came from, not knowing where she goes), but after a while the Latvian stock market will analyze current problems and future prospects. Special market basket somerville note for the Internet generation - this blog entry is rather long! First SECURITIES MARKET DURING THE EXISTENCE OF INDEPENDENT LATVIAN (1920s. - 1940th YEAR)
20 In the early war-torn Latvian started The business activities were necessary market basket somerville resources and have created all the necessary prerequisites for the development of the securities market. But already at that time started a process that continued throughout the duration of the independent Latvian and proved to be the main reason why a normal stock market market basket somerville did not develop as well - excessive government intervention in economic activity. In fact, the country was trying to secure market basket somerville a monopoly everywhere - both in enterprises and in the credit market.
Although market basket somerville the Latvian legislation authorized the issuance and listing of shares, real market turnover only bonds (mostly state-owned companies issued). And that's not surprising, because the country was in the hands of all the major means of transport companies, a number of major companies, and a number of banks that actually provided the state monopoly market basket somerville on the financial sector, including securities of turnover. In addition, over time the state sought to achieve an even greater impact in all areas. It did state in various ways - from a more favorable climate or even the granting of a monopoly state-owned enterprises, and finally even a takeover 'state farms and the interests of defense'. Was widespread in the private repurchase of foreigners. market basket somerville
However, publicly supported public private market basket somerville initiative. Karlis Ulmanis even in a speech in 1937. was argued that all state-owned enterprises will be returned to private operators as "the ultimate goal of the government is, however, a private initiative, private market basket somerville farming and the private responsibility." As if following the submission, 1938th was actually 14 state-owned company shares were put up for sale (see table).
However, all this was just a step ostentatious, because when compared to the sale value of the shares transferred to the company market basket somerville share capital, it can be seen that the value of any company did not exceed 25% of the share capital of the State So actually just wanted a way to supplement its own counter. And although there is no information about how much of the proposed market basket somerville 6.5 million worth shares were sold, there is reason to believe that it was very little. Although the Court must take into account that the political situation in the world at that time had a significant pamainījusies and such things as privatization and the stock market was not a valid. Even though the 1939th The Saeima managed to pass a new law on the Riga Stock Exchange, but the whole process came to an end as well tolerated without - 1940th September Riga Stock Exchange was transferred to the People's Commissariat of Commerce in charge and gave up. Second SECURITIES MARKET during the Soviet period (1940th - 1990th YEAR)
The centralized economy that existed Latvian period 1940 - 1990th market basket somerville The state influence on economic processes were still nomācošāka. Valston decided to split the business between material resources, manpower and financial resources to produce and how much to sell the companies themselves control over their own resources was minimal.
Also, opportunities for people to invest their funds were limited - the only thing they could do was a small interest rate to invest your money to the National Bank, which practically meant that the money came again at the disposal of the state. In a situation where the country is in the hands of virtually unlimited power to allocate resources, the dominant form of ownership in the public domain, and the country is torn apart by global processes, the existence of the stock market is practically impossible.
However, despite this, although most of specimens market basket somerville in the form of securities market, however, the Soviet Union existed. Already 20-years in the Soviet Union began issuing bonds and izveica the very Soviet way - initially released the paper (of course market basket somerville with the low interest rate), but when matured, the overrun to a later date or the securities exchanged for new paper. Residents of all this was not thrilled, but state the problem solved so that started working part of the salary paid in bonds. While the remaining bonds were sold as a result of political pressure market basket somerville (like the famous movie tickets market basket somerville loterejas - Распространите среди жильцов нашего ЖЭКа. А если не будут брать - отключим газ!).
Thus, the bonds that are theoretically counts of securities market basket somerville market market basket somerville instrument of the Soviet Union has in