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

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    Abstract

    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 entrepreneurs 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 catering services; arts, entertainment and recreation. The result provides support to justification for a national long-term crisis management strategy for business sustainability.
    Original languageEnglish
    Title of host publication22nd International Scientific Conference "Economic Science for Rural Development 2021"
    Subtitle of host publicationProceedings
    EditorsAnita Auziņa
    Place of PublicationJelgava
    PublisherLatvia University of Life Sciences and Technologies
    Pages434-442
    Number of pages9
    Volume55
    ISBN (Electronic)9789984483825
    DOIs
    Publication statusPublished - May 2021
    Event22nd International Conference "Economic Science for Rural Development" - Latvia University of Life Sciences and Technologies Faculty of Economics and Social Development, Jelgava, Latvia
    Duration: 11 May 202114 May 2021
    Conference number: 22
    https://www.esaf.llu.lv/sites/esaf/files/files/lapas/Krajums_Nr_55_2021_08_23%20%281%29.pdf
    https://conferences.llu.lv/en/homepg/escrud_2021/home

    Publication series

    NameEconomic Science for Rural Development
    Volume55
    ISSN (Print)2255-9930

    Conference

    Conference22nd International Conference "Economic Science for Rural Development"
    Country/TerritoryLatvia
    CityJelgava
    Period11/05/2114/05/21
    Internet address

    Keywords*

    • government assistance
    • entrepreneurship
    • Latvia
    • COVID-19

    Field of Science*

    • 5.2 Economy and Business

    Publication Type*

    • 3.1. Articles or chapters in proceedings/scientific books indexed in Web of Science and/or Scopus database

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