Latvian-Turkish economic cooperation: future perspectives for business extension
2012
Jasjko, D., Riga International School of Economics and Business Administration, Riga (Latvia) | Kantane, I., Riga International School of Economics and Business Administration, Riga (Latvia) | Pancenko, E., Riga International School of Economics and Business Administration, Riga (Latvia) | Ivanova, T., Riga International School of Economics and Business Administration, Riga (Latvia)
Successful overcoming of Latvian economy the consequences of financial and economic world crises is closely related to enhancing of the national export potential and further development of national business activities on the domestic and foreign markets. In the mentioned context, Turkey as associate member of the European Union and the country with great production potential should be considered as attractive business partner on the field of trade, investments, and business cooperation. The experience of Latvian companies cooperating with Turkish entrepreneurs is analysed in the present article. The main factors encouraging and impeding further economic cooperation of both countries in the sphere of trade and joint businesses are qualitatively assessed on the base of survey carried out among Latvian companies.
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