Recently we have been noticing words as 'sustainable development', 'environment protection', 'environmentally friendly' etc more and more often. We understand meaning of those concepts, but there are no unambiguous definitions of these words in literature. Each of these notions includes particular characterizing elements which understanding and characterizing of which make possible to detect correctness of application or context. Sustainability like entrepreneurship is a process which takes place within definite environment around it. Mutual interaction of the processes produces consequences which have to satisfy all the interested parties. Therefore, it is necessary to integrate several science branches to solve this problem- i. e. economics and ecology. Nowadays, environment issues become part of each person, institution, policy and law. Environmental questions are integrated in different fields of economics and entrepreneurship, as well. It is hard to define environmentally friendly entrepreneurship. But there is a flexible definition that could be used in different economical spheres with great variability of economical circumstances, and it is- characterised circumstances would not be secured for a long time, yet. It is complicated to define the concept since this is a value involving process. Values which are sources for idea of sustainable development are based on need to form society satisfying human interests and unthreatening future generations, necessity to secure economical growth including moral, social and ecological aspects.

Latvia is a territorially small country with small open economy, and its main and the most competitive recourses are highly educated society and well developed science which is based on research, innovation and modern technologies. To create a well functioning innovation system as a part of knowledge-based economy, several conditions has to be met to insure that all parts of national innovation system effectively work together. This article is dedicated to analysis of financing mechanisms that can be used by research institutes in the field of agriculture in Latvia to ensure sustainable rural development. The research in the field of agriculture in Latvia is mainly performed by the state research institutes and research agencies of Latvia University of Agriculture. To provide favourable environment for development of research and science, there is set legislation framework and financing mechanisms such as base financing from the state budget, state research programmes, European Commission Framework Programmes, and the European Union (EU) Structural Funds assistance. The analysis has shown that support of EU Structural funds has positive impact on number of applied research carried out in research institutes in the field of agriculture in Latvia. EU Structural funds assistance helps to develop fundamental research activities and innovative approach to the science that is one of the preconditions for the development of states' competitiveness. In conclusion, the authors resume that it is necessary to establish a strong link between higher education institutions, research institutes, and entrepreneurs in the process of building effectively working national innovation system.

Energy transition from the fossil fuel dominating to the one based on renewable energy sources (RES) takes acceleration with the internationally recognised need to stabilise the global warming. Therefore, there is a general consensus that the initiative of the wide use of RES is manifold in its nature making an impact not only on the environmental issues, but also adding to the so desired customer involvement and rural development as well. Rural dimension in reaching the EU targets should arguably be a priority as RES utilisation is decentralised in its nature. Despite the fact that EU with its main strategic documents gives a clear direction on RES utilisation through wider involvement of citizens, especially in rural places, there are certain grounds for stating that a current situation and future insights among EU Member States still differ. Lithuanian case was chosen to explore the sustainability gaps regarding the RES utilisation development in rural places. Literature review is employed to choose the most suitable way aiming to explore and evaluate the RES utilisation development in rural places regarding the sustainability issues. This article adds to understanding and evaluating the main obstacles of the well balanced RES utilisation development in rural places.

In society, discussions occasionally raise whether current level of wood cutting in Latvia is not too high to maintain sustainable forest industry and biodiversity. Cutting volumes for the state owned forests are calculated based on the model whose aim is to even the timber stock of each tree species in a long term period. The wood resource extraction in the private forests takes place according to free market conditions and depending on market prices. Therefore amount of round wood delivered from private forests can shift in a large range. The research had two main tasks. First task was to survey primary wood processing companies in Latvia and gather information about their round wood processing volumes, how their processing volumes divides between softwoods and hardwoods, dimensions of round wood companies demand for production and assortment of produced materials. Second task was to evaluate round wood utilization balance in the territory of Latvia and estimate if current use of timber resources in Latvia corresponds to amounts that are sustainable. Research results showed that consumption of softwood timber in Latvia is close to maximum to perform sustainable forestry, but consumption of hardwoods is possible to increase at least by 20–25%. Survey of primary wood processing companies showed that round wood processing volumes in Latvia vary from 6 to 7 million m3 annually and that large enterprises, which count only for 4% from total number of primary wood processing entities, process two thirds from annual round wood volume in country.

Food consumption becomes an increasingly important topic considering global and local environmental problems as well as health issues and wellbeing of nations in general. Also in Latvia people are becoming more aware of importance of food and its direct and indirect impact on their everyday life. Therefore it is very important to evaluate sustainable aspects of food consumption and look for the barriers and drivers in order to form more sustainable consumption patterns which are based on information, knowledge and consciousness. The aim of the study is to investigate the perspective of sustainable food consumption in Latvia. The tasks of the study are: 1. to review present food consumption patterns from sustainability perspective; 2. to elucidate consumers’ understandings, attitudes and behaviour towards sustainable food consumption. The empirical research was based on the online survey with a sample of 82 women in the age group from 19-35. Descriptive statistics were used to analyze the results of the questionnaire and data obtained from Central Statistical Bureau of Latvia. The results of the study indicate the gap between positive attitudes towards sustainable food and stated purchasing behaviour. There is an obvious perspective of growth of sustainable food market if we increase the awareness of consumers regarding sustainable consumption issues.

The article analyses organizational internal and external environments, their possible correlations with 4 components of sustainability, and the principal determination models for sustainability of organizations. Based on the general principles of sustainable development organizations, a model for the determination of organizational sustainability has been developed. The use of self-organizing neural networks allows the identification of the external sustainability of each forest enterprise and the endeavour to explore vital, social, anthropogenic and economical efficiency. The determination of the forest enterprise external sustainability is expected to help better manage the external sustainability of forest enterprises and explain the reasons for a respective level of external sustainability.

Company capital is essential in running business and creating value added for the stakeholders, including economy. How the view on company’s capital structure has evolved from theoretical perspective in the 20th century is needed to be assessed, in order to determine what concepts and theories, if any are relevant in the 21st century. Many theories have competed their way and transformed during the 20th century, while some, i.e. trade-off, signalling and stakeholder theories are still relevant in the 21st century. There are also new trends in the 21st century, new terms and quests shifting from determining and analysing optimal company’s capital structure to sustainable finance, taxonomy and also sustainability in capital structure. Therefore, the aim of this research: to establish existing main theories impacting and analysing company’s capital structure and to examine the theoretical shift of the theories based on the needs in the 21st century. Authors defined company’s capital structure and determined that during the years 1989–2020, number of research publications has grown significantly, thus validating the need to reassess theoretical background of capital structure theories in the 20th century, as well as to help to determine the trends still relative and emerging from the theoretical and practical aspects to company’s capital structure in the 21st century.

The socio-economic changes brought about by globalisation, the internationalisation and digitalisation of higher education, as well as the current demographic situation in Europe and Latvia, raise the issue of the competitiveness of academic staff in the context of multicultural higher education. The aim of the study is to provide a theoretical basis for the competitiveness of academic staff in the view of educational sciences, respecting the different trends and based on the conceptual approaches in personal/specialist competitiveness research. The following research methods were used: study, analysis and evaluation of scientific literature (theoretical research method); reflection of personal experience (empirical research method). As a result of the theoretical research, two trends for the substantiation of the concept of competitiveness in the educational sciences were identified. The first trend: the competitiveness of a person is substantiated through transfers from economic and management science, with a particular emphasis on specialist marketability and employability as a significant manifestation of competitiveness. The second trend: according to the new paradigm of competitiveness in educational sciences, the competitiveness of a human as a person and as a specialist is based on the perspective of pedagogy and psychology. The research results led to the conclusion that there are three conceptual approaches in the methodology of competitiveness research: 1) qualitative approach: identifies and lists competitive personality traits and qualities; 2) functional approach: describes the competitive behaviour of a person or specialist; 3) structural approach: competitiveness is substantiated as a complex combination of personal/ specialist qualities, identifying several structural components. All of these approaches are also characteristic to the research of competitiveness of academic staff. The following taxonomy should be respected in the substantiation of academic staff competitiveness: 1) substantiation of personal competitiveness; 2) substantiation of specialist competitiveness in the context of different industries; 3) the substantiation of the competitiveness of specifically academic staff in the context of the specifics of higher education.

The economic situation of Lithuanian agricultural sector faces with challenges in regards to family farms’ income instability and income discrepancies between family farms. The aim of this paper is to assess the economic sustainability of Lithuanian sector at farm level across farm size classes in terms of physical size and by specialization. Furthermore, as the sustainability construction index method was employed as basis to conduct the research, the methodology aspects related to the number of indicators included in the set of indicators and the estimation of thresholds of sustainability intervals were empirically analysed. The findings of economic sub-index assessment indicates very good level of Lithuanian family farms as 68% of the sample farms were defined by medium level of economic sustainability. The assessment of family farms’ economic sustainability by specialization revealed that the horticulture farms performed the highest economic sustainability and, at the other end of spectrum, the COP farms achieved the lowest economic sustainability. As regards the physical size of farms, the best economic sustainability was observed on the smallest farms in terms of size and on the largest farms, of less than 5 ha and from 500 ha or over, respectively.

Sustainable development is playing an increasingly important role in today’s society, and it is essential for companies seeking to meet the needs of the market to pay increasing attention to the application of sustainable development principles in their operations. The enterprise logistics system is one of the essential activities ensuring the company’s competitiveness, which ensures timely production and quality of customer service. However, in order to integrate the principles of sustainable development into the company’s logistics system, it is necessary to develop a model that identifies the impact of sustainability on each factor of the logistics system. The paper analyses the impact of sustainable development on distribution logistics to determine which activities in distribution logistics are most responsive to sustainable development and can help determine the level of corporate sustainability. The main purpose of the model, presented in the paper, is to help the business sector integrate sustainable development principles effectively in distribution logistics, taking into account the significance of on-going factors in the system for sustainability.