Value increase of companies that represent Latvian forest industry

Value increase of companies that represent Latvian forest industry

/Indulis Kovisārs, Inc. Latvijas Finieris board member and head of the Forest sector/

Value increase of companies that represent Latvian forest industry is directly tied to hard work of enterprises and logically – improvements in financial indicators, so it can definitely be valued with the plus sign.

Of course, the fact that Latvia has joined euro zone has played a role, increasing stability and trust in the eyes of world’s financial institutions.

At the same time, it should be emphasized that the part of the value increase is built by positive mood in the global stock market.

So we are cautiously positive and are encouraging not to overestimate the importance of those factors in strengthening the long-term competitiveness in the Latvian forest sector.