On November 27, at the ATTA Centre in Riga, the Baltic Capital Markets Conference 2025 – the largest capital markets event in the Baltics – will take place for the fourth year in a row. This year’s conference will mark a new stage in Baltic cooperation, as the opening panel discussion will bring together the Ministers of Finance of the Baltic States, reaffirming their shared commitment to strengthening the region’s capital market. The discussion will be moderated by Uldis Cērps, Chairman of Finance Latvia Association, who will be joined by the Minister of Finance of the Republic of Latvia, Arvils Ašeradens, the Minister of Finance of the Republic of Lithuania, Kristupas Vaitiekūnas, the Minister of Finance of the Republic of Estonia, Jürgen Ligi, and the Vice President and Chief Financial Officer of the European Bank for Reconstruction and Development (EBRD), Burkhard Kübel-Sorger, to discuss the role of the Baltic capital market in driving the region’s development.
The panel discussion will analyze the importance of the Baltic capital market in the region’s economic growth, looking at its role in diversifying sources of public funding and promoting infrastructure and strategic investment projects. Experts will also discuss the balance between the expectations of stakeholders and the public when it comes to public companies being listed on the stock exchange.
“The Baltic states already have a strong capital market infrastructure, and in recent years the bond market in Latvia has developed especially fast. The next step is to strengthen the equity market. People’s savings are growing and bank deposits have reached record levels, but this money needs to be put to work more actively – for the benefit of economic growth. A stronger capital market means a stronger economy, and through cooperation between the Baltic states, we can become an important investment center in Europe,” emphasizes Arvils Ašeradens, Minister of Finance of the Republic of Latvia.
“Competitiveness, resilience and the issue of defence financing is becoming not only a national but also a pan-European challenge, requiring broader integration of capital markets and the involvement of investors. To remain competitive, foster innovation, and at the same time pool sufficient resources and be prepared for potential geopolitical challenges is a task not only for the state, but also for the financial market, which acts as a facilitator and catalyst,” states Minister of Finance of the Republic of Lithuania Kristupas Vaitiekūnas.
“Small is beautiful but bigger size brings more and wider attraction – that’s why our regional cooperation in capital markets developments makes good sense, besides creating synergy,” explains Jürgen Ligi, Minister of Finance of the Republic of Estonia.
The Baltic Capital Markets Conference 2025 will consist of five panel discussions focusing on the development trends of the Baltic capital market, investor activity, and the role of financial institutions in the region’s growth.
The conference will gather 35 experts, including Peter Elam Håkansson, Chairman of the Board and Chief Investment Officer of East Capital Group; Adam Kostyal, President of Nasdaq Stockholm; Mārtiņš Kazāks, President of the Bank of Latvia; Vera Sutedja, Head of Equity Capital Markets at Erste Group; Valters Ābele, Member of the Board and Chief Financial Officer of Citadele banka, Agnese Ozolkāja, Member of the Board of Rīgas Ūdens, Uldis Cērps, Chairman of Finance Latvia Association, Artur Szeski, Senior Director of Financial Institutions at Fitch Ratings, Bjarney Anna, Executive Director of Communications and Investor Relations at Íslandsbanki, Regimantas Valentonis, Investment Manager at Artea Asset Management, Burkhard Kübel-Sorger, Vice President and Chief Financial Officer at EBRD, and others.
The conference will also feature presentations by Baltic issuers – Elko Group, Virši-A, and Storent Holding from Latvia; ESTO Group, EfTEN, and Endover from Estonia; and Lietuvos centrinė kredito unija from Lithuania. Íslandsbanki, Rīgas ūdens, Valstybės investicinis kapitalas, and Citadele banka will share their experiences of successful capital market transactions.






