Riga City Council prepares to sell its houses on the stock exchange, while Liepāja doesn't even think about such nonsense
The capital's politicians have decided to play around with stocks and exchanges to sell their property management company. In Liepāja, they don't even laugh at such madness.
Well, the Riga's residents have come up with something again that even our Karosta commander would have laughed at. Riga City Council, with all its 80 million euro turnover pride, decides to sell its property management company on the stock exchange. As if it were some department store with stocks and dividends.
Jānis Lange, who is Riga's executive director with such a title that even our port stevedores don't know what it means, will lead this whole IPO circus. "We need a professional and experienced organizer," they say. Professional! As if they need to organize the "Positivus" festival, not sell house keys.
"We want to balance municipal interests with residents' interests," says deputy council member Ratnieks. In Liepāja we call that normal work, but in Riga, apparently, that requires a special strategy and consultants from "Sorainen". As my neighbor from Zaļā Street said: "They think so complicated up there in the capital that even regular work needs a business plan."
While the Riga's residents are messing around with stocks and exchanges, our Liepāja municipal sector works like a Swiss watch. Without all this IPO theater and million-euro consultations. But that's what distinguishes a real sea city from one that thinks it's important just because the government is there.
⚠️ Satirical article. Facts are preserved, but the presentation is humorous. For accurate information, please refer to the original source.