The status quo of Latvian state-owned enterprises and its representative enterprises – Institute of Economics
Task of the science is to serve
people.

– Tolstoy –

Science is the captain, and
practice the soldiers.

– Leonardo da Vinci –

Frontiers of science are like the
horizon: the more we approach
it, the more it moves away.

– Boiste –

The fantasy is more important
than knowing.

– Albert Einstein –

Science – it means organized
knowledge.

– Spencer –

Freedom for the science the
same as the air for a living soul.

– Poincaré –

Research area of all sciences is
endless.

– Pascal –

System of science must be
looked at as the system of
nature: all in it is endless and
necessary.

– Cuvier –

Scientific plan without working
hypothesis is a skeleton without
living body.

– Hirschfeld-

The main research subject of
mankind is the human.

– Goethe –

All is important in science.

– Heine –

Books must be results of
sciences, but sciences not results
of books.

– Bacon –

Scientist is not the one, who
gives the right answers, but the
one, who asks the right
questions.

– Claude Lévi-Strauss –

The more we will seek for the
truth outside us, the more we
will move away of it. The more
we will be able to understand
who we are, the more the truth
will assert us in ourselves.

– Antonio Meneghetti –

Before being dictated the nature
needs to be obeyed.

– Bacon –

A true scientist is not one who
has more acquired, but one who
has more understood.

– Leibniz –

Science – to know how the
being acts. To know the action
of the being.

– Antonio Meneghetti –

Science is benefactor of
mankind.

– Berthelot –

Начало » News » The status quo of Latvian state-owned enterprises and its representative enterprises

The status quo of Latvian state-owned enterprises and its representative enterprises

Original publication available at the China-CEE Institute website.

Introduction

The state of the art of Latvian state-owned enterprises (here and after SOEs) in this briefing will be described and analyzed based on the report conducted by KPMG[1] Baltics “State ownership policy review in Latvia”[i] and latest available annual report of Cross-Sectoral Coordination Centre (CSCC) of Latvia[ii]. The detailed reports and the current briefing are dedicated to understanding the development stage of SOEs in Latvia.

Description of the sector is provided to introduce the main indicators and shareholders of the SOEs in Latvia. The value of SOEs is growing twice less intensive than the value of private companies in Latvia and one of the possible solutions is initial public offering to boost financial resources and corporate governance standards.

In Latvia, there are 12 shareholding entities of SOEs from the side of the state. This number of shareholders creates several significant issues in the management system of SOEs. These issues of shareholding management in the country is raised and decentralized control problems are described in this briefing.

Full publication can be found here.

  1. https://home.kpmg/lv/lv/home.html

[i]KPMG Baltics. (2019). State ownership policy review in Latvia. Available at: http://www.valstskapitals.gov.lv/images/userfiles/SOE_Review_LV__Final_report.pdf

[ii]Cross-Sectoral Coordination Centre of Latvia. (2019). Public Report of the State-Owned Enterprises and Shares in 2018. Available at: http://www.valstskapitals.gov.lv/images/userfiles/Latvia_Report-on-State-Owned-Enterprises-and-Shares-in-2018_ENG_%281%29.pdf

*This article has been made in cooperation with China-CEE institute and is the intellectual property of China-CEE institute