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In 2021, economic growth in Latvia recovered slowly after the Covid-19 crisis. At the beginning of 2022, energy and food prices increased significantly, intensifying inflationary pressure. The volume of foreign direct investments decreased, lending to companies decreased. A new approach to business promotion is needed. An industrial park is a territory set aside for economic activity, which has one manager who takes care of its infrastructure, performs construction or renovation or repair of premises according to ...

The fourth industrial revolution is currently underway in the global economy. It affects any company, including those applying green technologies whose main purpose is to reduce climate change, the loss of biodiversity and pollution when performing economic activity. Strategic management of the processes is essential for companies to achieve their main goal in parallel with the efficient use of resources when transitioning to a circular economy. Strategic management improves the company-s ability to solve both env...

Climate change and global environmental challenges pose an existential threat to the world, including Europe. Dealing with the current climate and environmental challenges requires an urgent and ambitious response. The global challenges are also an opportunity for companies, especially those engaged in environmental protection, to innovate, as they both increase their competitiveness and export potential. The relevance of the research problem is additionally supported by the fact that the European Union is committ...

The most significant challenges of organic farming are the fragmentation of the sector, unstable product supply and sales opportunities, as well as the lack of knowledge of how to manage agricultural production agronomically and economically effective. The predominant form of agricultural enterprises in Latvia is small and medium-sized farms. Thus, cooperation is an effective solution so that farmers can maintain the form of a family business and achieve an appropriate economic market, which would contribute to th...

Today the concept of e-commerce has become commonly used, and e-commerce has become an integral part of commercial transactions. An increase in the number of global Internet users is the driver of increase in the number of e-commerce transactions. The introduction and role of e-commerce is not well-understood by any manager of a small and medium enterprise. It takes time and money to introduce e-commerce in business, especially in retailing. Enterprise managers need a clear e-commerce introduction strategy to see ...

Today, eco-innovation represents a tool for vitalizing the circular economy ? an urgent problem ? both at the global as well as at the national level. Eco-innovation is the key to the future competitiveness of any country that contributes to the circular economy and a sustainable future while also promoting environmental protection and more efficient use of resources. Eco-innovations are implemented in all Member States, sectors and markets of the European Union, yet the intensity of this activity is still insuffi...

In order for Latvia to achieve the long-term strategic goal set in its policy documents ? to become the greenest country in the world ? it is essential to promote social entrepreneurship, as the social enterprises perform economic activities having positive social effects in relation to the protection and preservation of the environment. In 2019 in Latvia, 5% of the social enterprises were engaged in the field of environmental protection; therefore, the research aims to examine the role of social entrepreneurship ...

Since Latvia joined the European Union (hereinafter the EU) in 2004, socio-economic territorial development in the regions of the country has been unbalanced, increasing regional disparities. At NUTS3 level, there are six statistical regions in Latvia. Zemgale is one of the regions of Latvia. Since 1992, two administrative and territorial reforms (hereinafter ATR) have been implemented in Latvia, and in 2021 it is planned to carry out the third administrative and territorial reform. In June 2020, the new ATR was a...

Since 2007, eco-innovation has been a focus in the European Union. The Entrepreneurship and Innovation Programme aimed to support eco-innovation initiatives among small and medium enterprises and enhance their competitiveness. In Latvia, a small number of enterprises are engaged in the field of environmental technologies and eco-innovation. The low awareness of the general public about green growth potential limits the demand for eco-innovative products and makes the ecoinnovation sector a weak business niche in L...

Agricultural production as a share of gross domestic product in Latvia in the year 2016 was 3.2%, which was 1.5% more than in 2015. In 2016, the sown area of cereals amounted to 716.0 thousand hectares, which was about 43.6 thousand hectares or 6.3% more than in 2015 [1]. This indicates the development of the agricultural sector, which will require production resources, as well as appropriate technology machinery to be available. The agricultural sector has to be seen in the context of rural development, where the...