Original publication available at the China-CEE Institute website.
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 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.
[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