Helo, your snow may be frustrating, but it's pretty. I have a question for you...I read recently about the % of households that own stock...that is, equity shares of publicly traded companies...Estonia was number 1 in the world, with Lithuania and Latvia in the top 6. Does your country have a financial or cultural tendency to be savers and investors? Finland and Denmark were also in the top 8. I think this is very wise.
Frankly - I am surprised about that fact
I would like to look on that from several POV
* personal. I am not stock owner. Never have been. I have my my own company, recently invested heavily in new office building.
+ have 5 kids, you can imagine spendings for them.
OK, my family, we are not poor even by USA standards, but also don't have that much free cash to think about where to invest it.
I am proud that I don't have any loans. Once I will recover from this construction affair I will thing about some stocks.
Wife have not bad salary, but looking on her responsibilities I would say - not that big. Still - good enough to live decent life. She always have been more keen to invest in real estate. Now looking from perspective have to admit that was not a mistake. We are owners of our own house and apartment in Riga. Rather worthy assets. And as I wrote - credits are paid.
* historical. I am not yet 50. But me myself already have seen:
- sovjet rubles (at end of their regime there was "reform" - comunists just re-printed 100 rub note and almost overnight everybody had to exchange their savings to new notes. If person had more than 10 notes (1000 rub), milicija have asked tough questions).
- Then was Latvian rubles. 1991 + few years.
- Then was Latvian Lats.
- Now since 2014 we have EUR.
Now people believe in EUR, but tradition to
not to keep cash at home / account is very much live
* statistical. Per capita.
I like it when people of Iceland say they have most Noble prize owners. Per capita. One.

But as entire population of Iceland is 300k, this is very true ...
Latvia is less than 2.000.000. Estonia is even smaller - 1.500.000 something souls.
What I want to say - for us it's rather easy to reach high figures "per capita".
Baltics are not match to very rich Scandinavian countries which are the wealthiest countries in the world. But we are not that bad either. + Nord EU have rather good wealth distribution. For example living in gated community here is considered bad style.
And our figures are very transparent. People here can't hide their assets without risking to loose them.
* general, public sentiment.
politicians, opinion leaders are promoting investment in JSC. It's rather easy to do, banks are open for this affairs.
Baltics are small and open economics. We have had the same issues you had - inflation, overheating of economy etc. And with that recent bull run of inflation investment in stocks is one of safest moves. IMHO