[Labour market of Latvia in process of European Union integration] | Latvijas darba tirgus Eiropas Savienibas integracijas procesa
2006
Skapars, R., University of Latvia, Riga (Latvia). Faculty of Economics and Management | Sumilo, E., University of Latvia, Riga (Latvia). Faculty of Economics and Management | Kroders, K., University of Latvia, Riga (Latvia). Faculty of Economics and Management | Purmalis, K., University of Latvia, Riga (Latvia). Faculty of Economics and Management
The core of this research is dedicated to a study of development trends and future prospects of small and medium - sized enterprises (SMEs) and employment in Latvia. The authors has analysed main problems SMEs face in Latvia, the experience of facilitating entrepreneurship of European countries and the effectiveness of SMEs supporting activities in Latvia. Favourable business environment is among major preconditions for sustainable economic growth of a country. However, since Latvia gained its independence, state policy regarding SMEs has been rather slow-motioned and ineffective due to the lack of funds to finance the promotional activities. As a result entrepreneurs faced different factors hindering their development. This issue gained particular importance after Latvia's accession in European Union when Latvia's competitiveness was exposed to pressure from abroad.
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