In 2020 and 2021, in addition to the usual obstacles to business development, entrepreneurs have faced a huge challenge – the Covid-19 pandemic, which has introduced significant changes in the usual business environment. Unfortunately, various restrictions that hinder the development of the business or even stop it completely influenced the intention to start up or to maintain existing business.
According to the latest data, the number of enterprises registered in Latvia in 2020 reduced significantly, but the number of liquidated companies did not increase, on the contrary, it considerably dropped. The reasons for these not obvious changes and other economic indicators of Latvian business environment are described in this briefing.
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*This article has been made in cooperation with China-CEE institute and is the intellectual property of China-CEE institute