Business Environment

The study Doing Business (hereinafter - DB) performed by the World Bank, as well as the Study of Administrative Procedure Impact Upon Business Environment are the most popular measures for evaluating business environment, with the aid of which the opinion of entrepreneurs about the factors preventing their activity is clarified. Based on results of DB performance, Ministry of Economics is creating the Action Plan to Improve the Business Environment, where concrete actions are defined with their time framework and goals.

The latest DB (2015) survey, which reference period is June 2, 2013 to June 1, 2014, ranked Latvia at 23th position among the 189 countries and at 9th place among the European Union Member States, after Denmark, the United Kingdom, Finland, Sweden, Ireland, Austria, Germany and Estonia.
 

In 2015, the improvement of Latvia’s position in the DB rating has been achieved due to the reforms implemented in the following areas:
 

Latvia

2014

2015

Change

Starting a Business

26

36

-10

Dealing with Construction Permits

48

47

-1

Getting Electricity

82

89

-6

Registering Property

33

32

+1

Getting Credit

3

23

-20

Protecting Investors

48

49

-1

Paying Taxes

28

24

+4

Trading Across Borders

26

28

-2

Enforcing Contracts

15

16

-1

Resolving Insolvency

38

40

-2

 

The objective of the Action Plan to Improve the Business Environment for 2014-2015 is “simple and qualitative procedures: more e-services” and it includes 49 actions in 10 DB areas.

 

Action Plan for 2014-2015 (LV)

Action Plan for 2013-2014 (LV)

Action Plan for 2013-2014 (ENG)

Action Plan for 2012 (LV)

Action Plan for 2012 (ENG)

Action Plan for 2011 (LV)

Action Plan for 2011 (ENG)

 

More information about Action Plan to Improve the Business Environment:

 

Contact information:

Ilze Lore

Ministry of Economics of the Republic of Latvia
Entrepreneurship Competitiveness Department
Business Environment Improvement Division
Phone: + 371 67 013 099; E-mail: Ilze.Lore@em.gov.lv

Last update:    16-12-2014