0000000000873244
AUTHOR
Eduards Gross
MUNICIPAL FINANCE EQUALIZATION PROCESS IN LATVIA
The municipal finance equalization calculations in Latvia presently take into account the demographic indicators, but they do not depict accurately the municipal finance requirements; in order to precisely determine these numbers, other consequential criteria should be accounted for as well, such as infrastructure or other aspects characterising the peculiarities or needs of a certain territory. Inclusion of these new criteria in the process of determining the need for financing could serve as the basis for improvements to the existing system. The purpose of this article is to analyze the municipal finance situation in Latvia, starting with 1998, to show the differences in their income and …
DEVELOPMENT OF SMALL AND MEDIUM-SIZED ENTERPRISES IN REGIONS OF LATVIA
For successful economic transition to the new stage of development improvements in business environment, as also the entrepreneurswho are ready to start your own business and to set up new companies. One of the main challenges the EU Member States face isthe need to boost their level of entrepreneurship and to become more competitive in the global market. That was one of the mainobjectives set by the Lisbon European Council, in March 2000, with a view to improving the Union’s performance in terms of employment,economic reform and social cohesion. Entrepreneurship is not only a driving force in the creation of new jobs, but it alsoincreases and enhances competitiveness and growth, personal f…