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 language | English |
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Title of host publication | 22nd International Scientific Conference "Economic Science for Rural Development 2021" |
Subtitle of host publication | Proceedings |
Editors | Anita Auziņa |
Place of Publication | Jelgava |
Publisher | Latvia University of Life Sciences and Technologies |
Pages | 434-442 |
Number of pages | 9 |
Volume | 55 |
ISBN (Electronic) | 9789984483825 |
DOIs | |
Publication status | Published - May 2021 |
Event | 22nd 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 2021 → 14 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
Name | Economic Science for Rural Development |
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Volume | 55 |
ISSN (Print) | 2255-9930 |
Conference
Conference | 22nd International Conference "Economic Science for Rural Development" |
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Country/Territory | Latvia |
City | Jelgava |
Period | 11/05/21 → 14/05/21 |
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