Entrepreneurship in the Time of Covid-19: Challenges, Opportunities and Government Assistance in Latvia

    Activity: Talk or presentation typesOral presentation


    The aim of this article is to analyse the government assistance provided to entrepreneurs in Latvia and its efficiency and appropriateness to the economic conditions encountered by entrepreneurs during the COVID-19 crisis. An insight into international experience creates the framework of this study. The empirical analysis is based on secondary data analysis and entrepreneur’s survey data on business response to COVID-19 related pandemics restrictions and government assistance in Latvia. The observed business areas are financial and risk management, international trade, communication, employment, innovations, strategic change and legal issues. The paper finds that the crisis affected the most such industries as accommodation and food services; arts, entertainment and recreation. The result provides support to justification for a national long-term crisis management strategy for business sustainability.
    Period13 May 2021
    Event title22nd International Conference "Economic Science for Rural Development"
    Event typeConference
    Conference number22
    OrganiserLatvia University of Life Sciences and Technologies
    LocationJelgava, LatviaShow on map
    Degree of RecognitionInternational


    • COVID
    • government assistance
    • entrepreneurship
    • Latvia

    Field of Science

    • 5.2 Economy and Business