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  5. Volume 11, Issue 3 (2013)
  6. DEVELOPMENT OF SMALL AND MEDIUM-SIZED EN ...

Regional Formation and Development Studies

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DEVELOPMENT OF SMALL AND MEDIUM-SIZED ENTERPRISES IN REGIONS OF LATVIA
Volume 11, Issue 3 (2013), pp. 189–198
Inese Ratanova   Galina Reshina   Silvija Bruna     All authors (4)

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https://doi.org/10.15181/rfds.v11i3.621
Pub. online: 4 August 2022      Type: Article      Open accessOpen Access

Published
4 August 2022

Abstract

For successful economic transition to the new stage of development improvements in business environment, as also the entrepreneurswho are ready to start your own business and to set up new companies. One of the main challenges the EU Member States face isthe need to boost their level of entrepreneurship and to become more competitive in the global market. That was one of the mainobjectives set by the Lisbon European Council, in March 2000, with a view to improving the Union’s performance in terms of employment,economic reform and social cohesion. Entrepreneurship is not only a driving force in the creation of new jobs, but it alsoincreases and enhances competitiveness and growth, personal fulfilment and the achievement of social objectives. The authors payspecific attention to the need to examine factors that affect the business environment development and entrepreneurship in regions ofLatvia, which determinethe complexity of the existing conditions and factors in each region in Latvia.

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Keywords
regional development small and medium-sized enterprises

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