Search results for "Micro-enterprise"
showing 3 items of 3 documents
OPENNESS AND KNOWLEDGE AS LEADING TENDENCIES IN DEVELOPMENT OF MICRO ENTERPRISES
2012
Small and micro businesses are the key elements of market economy and most dynamic, flexible business sales form. Establishment and development of micro enterprises are a necessary condition for forming normal economic environment, what promotes manufacturing goods and competition between service companies. Micro enterprises are important source of work-places, create spirit of entrepreneurship and innovation in European Union and therefor are essential for strenghtening empoyment and competition. Lately there are heard a lot of speeches in media about importance of small and medium enterprises in the European Union and national level, but rarely are mentioned that most of these enterprises…
THE ROLE OF FINANCIAL SUPPORT FOR THE PERFORMANCE AND SURVIVAL OF MICRO-ENTERPRISES
2021
The research was supported by the NATIONAL RESEARCH PROGRAMME “LATVIAN HERITAGE AND FUTURE CHALLENGES FOR THE SUSTAINABILITY OF THE STATE” project “CHALLENGES FOR THE LATVIAN STATE AND SOCIETY AND THE SOLUTIONS IN INTERNATIONAL CONTEXT" (INTERFRAME-LV, Project No.VPP-IZM-2018/1-0005).
Challenges on accessing finance for micro-enterprises in Latvia
2021
Financial support of companies for their development is considered and realised by many countries worldwide, also in Latvia. Latvia has been receiving critical remarks from entrepreneurs in regard to high level of refuse for financing from the financing institution ALTUM which is the principal intermediary of EU funds and provides resources to support entrepreneurship in Latvia. Statistical data indicate that there are significant reductions of micro-enterprises during recent years. The survey data showed that ALTUM rejected 39 % of the surveyed micro-enterprises from those who had submitted applications within three years. In turn, only 6 % of micro-enterprises have received full financing…