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Analysis of Financial Support Instruments for Social Enterprises in Latvia
2021
Licite-Kurbe, Lasma | Gintere, Dana
Social enterprises have positive effect on sustainable development, and they have become an important instrument for solving social problems (especially in rural areas), as the national and local governments alone cannot solve all such problems. To foster the development of social entrepreneurship, Latvia has introduced several support instruments for social enterprises, which include tax relief, privileged procurement contracts, grants, as well as non-monetary kinds of support. However, social entrepreneurs often point out that support from the national and local governments is insufficient, while the support instruments stipulated in the Social Enterprise Law are not widely used. Therefore, the aim of the research is to analyse national and local government support instruments for social enterprises in Latvia. The research found that the most important financial instrument fostering the development of social entrepreneurship in Latvia is a grant scheme administered by the Ministry of Welfare and the JSC Development Finance Institution Altum, which is available in the range of EUR 5000 to 200000 for investment and working capital. In the period 2017-2020, 94 social entrepreneurship projects with a total budget of EUR 6 million were supported, which could be viewed as significant financial support. In contrast, immovable property tax relief, exemption from enterprise income tax (on profits) and relief from this tax for several categories of non-business expenses are considered by social entrepreneurs to be an insignificant kind of support. There is also lack of experience and practice regarding the inclusion of social criteria in public procurement in Latvia.
اظهر المزيد [+] اقل [-]The Significance of “Green” Skills and Competencies Making the Transition Towards the “Greener” Economy
2021
Nikolajenko-Skarbalė, Jelena | Viederytė, Rasa | Šneiderienė, Agnė
Climate change and environmental deterioration have been recognized as global drivers of change, and the shift to the “greener” economy is the key to sustainable development. The green economy is a priority field for developing and developed economies. However, as the authors of the publication have realised, there is no consensus about the meaning of the green economy and “green” jobs, that is why an uncertainty as in measurement of economic trends and an impact of it, as well as in what skills and competencies should be assigned to the “green” ones, arises. The new “green” processes and technologies are arising in a progressive trend, that is why it is important to ensure there are properly skilled candidates with appropriate “green” skills and competencies on the labour market, as well as to prepare fresh graduates with the “green” skills that will meet requirement of both, the recent and the future companies, especially operating in the “green” sector. In the framework of “SB Bridge” project an online survey was conducted by interviewing the “green” companies to identify which skills and competencies are needed for “green” jobs recently, and whether candidates and fresh graduates are enough with the “green” skills and competencies for fruitful engagement to “green” jobs. As the survey identified, fresh graduates and candidates for “green” jobs lack technical and (or) mechanical knowledge, IT skills, as well as experience and ability to work independently and in the team to resolve arising problems.
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