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Title: OPPORTUNITIES FOR LOCAL GOVERNMENTS TO FOSTER THE DEVELOPMENT OF BIOECONOMY INDUSTRIES IN LATVIA
OPPORTUNITIES FOR LOCAL GOVERNMENTS TO FOSTER THE DEVELOPMENT OF BIOECONOMY INDUSTRIES IN LATVIA

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Irina Pilvere; Ilze Upite; Aleksejs Nipers
10.5593/sgem2023/5.1/s21.55
10.5593/sgem2023/5.1
1314-2704
978-619-7603-60-6
English
23
5.1
•    Prof. DSc. Oleksandr Trofymchuk, UKRAINE 
•    Prof. Dr. hab. oec. Baiba Rivza, LATVIA
Environmental Economics
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 implementation of the strategic goal of the Latvian Bioeconomy Strategy 2030 – “Result-oriented, efficient and sustainable resource management” in Latvia. The research found that for the implementation of the bioeconomy strategy in Latvia, local governments have access to support measures for business promotion; however, a monitoring system has not been established and, therefore, there was no publicly available information on local government activities aimed at fostering economic activity in the regions. Besides, in 2020 compared with 2016, both the total number of enterprises and the number of newly established enterprises operating in bioeconomy industries decreased; moreover, half or more of the total enterprises operating in bioeconomy industries were located in the capital city or its vicinity, which hindered the balanced development of the country.
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The research was promoted with the support of project lzp-2020/2-0413 “Assessment of the Implementation of the Latvian Bioeconomy Strategy 2030 and Possible Solutions for Achieving the Goals Set (LIBRA-LV)”.
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https://doi.org/10.5593/sgem2023/5.1/s21.55
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Proceedings of 23rd International Multidisciplinary Scientific GeoConference SGEM 2023
23rd International Multidisciplinary Scientific GeoConference SGEM 2023, 03 - 09 July, 2023
Proceedings Paper
STEF92 Technology
International Multidisciplinary Scientific GeoConference SGEM
SWS Scholarly Society; Acad Sci Czech Republ; Latvian Acad Sci; Polish Acad Sci; Serbian Acad Sci and Arts; Natl Acad Sci Ukraine; Natl Acad Sci Armenia; Sci Council Japan; European Acad Sci, Arts and Letters; Acad Fine Arts Zagreb Croatia; Croatian Acad Sci and Arts; Acad Sci Moldova; Montenegrin Acad Sci and Arts; Georgian Acad Sci; Acad Fine Arts and Design Bratislava; Turkish Acad Sci.
421-430
03 - 09 July, 2023
website
9320
municipalities, business development, bioeconomy