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In the European Union (EU), food production needs to become more sustainable and environmental-friendly. Farmers play a crucial role in sustainable agricultural practices on their farms because one of the goals of the EU Farm to Fork Strategy is to reduce nutrient losses by at least 50%, while ensuring that there is no deterioration in soil fertility, which could reduce fertilizer use by at least 20% by 2030. Therefore, the aim of the present research is to examine fertilizer consumption in EU Member States and to...

Pesticides are traditionally used in agricultural production to protect crops against pests and diseases. However, there is growing public concern about the negative impacts of pesticides on human health and the environment. Therefore, one of the policy documents of the European Green Deal, which plays an important role in long-term agricultural development and environment-friendly management, is the Farm to Fork Strategy, which requires reducing pesticide use by 50% in the European Union (EU) by 2030. Therefore, ...

Investments made in response to climate change could help to foster environment-friendly business practices. Therefore, bioeconomy industries are considered crucial for achieving climate neutrality in Europe by 2050. Accordingly, bioeconomy strategies have been designed in many countries, including in Latvia. Therefore, the aim of the present research is to examine the investment environment and the amounts of gross investment made in bioeconomy industries, as well as foreign direct investment attracted to Latvia ...

Bioeconomy industries play an important role in contributing to national economies and a transition to climate-friendly farming practices. This is evidenced by various policies implemented, including the United Nations Sustainable Development Goals, the European Union (EU) Bioeconomy Strategy and the European Green Deal. The increasing productivity and new technologies can have negative environmental impacts, affecting the economic framework associated with ecosystem services. To address these challenges, coordina...

Business in the bioeconomy plays an important role in regional growth and balanced development of the country. Therefore, it is important that local governments stimulate business development. The Latvian Bioeconomy Strategy 2030 was approved in 2017 with the aim of rapidly developing bioeconomy industries based on efficient use of natural resources. Therefore, the aim of the present research is to examine one of the sections of the strategy - -Result-oriented motivation system for local governments- for the imple...

The development of areas of bio-economy, which replace fossil fuels with bioresources in production and the provision of services, is important in many countries. Therefore, in 2017, the government approved the Latvian Bioeconomy Strategy 2030, which provides for four key integrated groups and one complementary group of measures to implement this strategy. As five years have passed since the strategy was approved in Latvia, it is necessary to assess the progress of its implementation. Therefore, the aim of the pre...

Public procurement is the acquisition of products and services needed for the public sector and involves significant public budget resources. Incorporating environmental requirements into public procurement promotes both the goals of sustainable development and the principles of the circular economy. Green public procurement practices are becoming increasingly important, not only in the world, but also in Latvia. Therefore, in 2017, the Latvian Bioeconomy Strategy 2030 was approved, which envisages the development...

A bioeconomy refers to economic activities using renewable biological resources to produce energy and consumer goods. The role of the bioeconomy in the world tends to increase, as countries need to find environmentally friendly solutions under changing climate conditions. For this reason, bioeconomy strategies are developed in many countries to purposefully contribute to their development. Among the Baltic States, Latvia was the first one to design and adopt its national bioeconomy strategy (Latvian Bioeconomy Str...

COVID-19 has imposed shocks on all segments of food supply chains, simultaneously affecting farm production, food processing, transport and logistics and final demand. It is therefore important to assess the risks, the probability of their occurrence and their impacts in order to develop risk mitigation recommendations. In Latvia, poultry farming as an agricultural industry has centuries-old traditions. Poultry in Latvia are produced both on large poultry farms and on small and backyard farms. There are 21 large a...

Stock market in Latvia necessitates to be increased in size to attract more investors and encourage economic development. The opportunity for stock market’s enhancement are registered companies in Latvia. What is the landscape of Latvian registered companies and weather, there are enough companies with financial profile having potential for stock market listing, that is the question to be assessed by the authors, comparing those companies’ financial profile to the average Baltic States and Nordic countries stock m...

The Covid-19 pandemic has produced another era on the planet while we sort out the outcomes in various parts of our everyday life. The food sector and food supply chain do not incorporate an exception. In Latvia, the agricultural and food sector is important for the national economy; therefore, it is important that production, processing, logistics, supply and trade disruptions are successfully overcome during the pandemic and the food sector develops rapidly after the crisis and is more resilient in the future. T...

Agricultural land is an important natural resource exploited for agricultural production to provide food for the population. The pressure on agricultural resources has increased in the world, as the population grows and non-food land uses increase. In Latvia, the utilized agricultural area (UAA) has decreased since 1991, and in 2020 it was 2.3 mln. ha or 36% of the total area of the country, while the forest area increased, and in 2020 it was 3.1 mln. ha or 48% of the total area. In 2019 in Latvia, the unfarmed an...

Climate change, Paris agreement and following strategies for sustainable environment are key direction in 21st century, in order to have an environment and economy to live in for this and next generations. This topic is on the agenda of several high-level task forces at United Nations (UN) and the European Commission (EC). While some definitions and terms are still blurred and unclear, there are already several measurement indicators, which are monitored. One of 17 UN sustainable development growth (SDG) goals, nu...

Soil and its quality are the key factor that determines opportunities for agricultural production in a particular territory. However, through lasting land management practices, soil structure can be significantly modified. In the context of climate change, soils can contribute to increased greenhouse gas emissions; for this reason, the techniques that contribute to sustainable land management have to be used in agricultural production. In many Central European countries, organic soils have been extensively used an...

The issues of rational use of land resources have become increasingly relevant, as all economies depend on the goods and services provided by the natural environment. Soils as a natural resource perform a number of key environmental, social and economic functions. In Latvia, utilised agricultural land occupies 2.3 mln. ha, yet no research investigations into organic soils have been conducted. The use of agricultural land, organic soils in particular, is associated with negative environmental impacts. Therefore, th...