Entrepreneurship in the Time of Covid-19: Challenges, Opportunities and Government Assistance in Latvia
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Date
2021-05
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Publisher
Latvia University of Life Sciences and Technologies
Abstract
The aim of this article is to analyse the government assistance provided to entrepreneurs in Latvia and its efficiency and appropriateness to the economic conditions encountered by entrepreneurs during the COVID-19 crisis. An insight into international experience creates the framework of this study. The empirical analysis is based on secondary data analysis and entrepreneurs survey data on business response to COVID-19 related pandemics restrictions and government assistance in Latvia. The observed business areas are financial and risk management, international trade, communication, employment, innovations, strategic change and legal issues. The paper finds that the crisis affected the most such industries as accommodation and catering services; arts, entertainment and recreation. The result provides support to justification for a national long-term crisis management strategy for business sustainability.
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Keywords
government assistance, entrepreneurship, Latvia, COVID-19, 5.2 Economy and Business, 3.1. Articles or chapters in proceedings/scientific books indexed in Web of Science and/or Scopus database
Citation
Berķe-Berga, A, Dovladbekova, I & Urbāne, M 2021, Entrepreneurship in the Time of Covid-19: Challenges, Opportunities and Government Assistance in Latvia. in A Auziņa (ed.), 22nd International Scientific Conference "Economic Science for Rural Development 2021" : Proceedings. vol. 55, Economic Science for Rural Development, vol. 55, Latvia University of Life Sciences and Technologies, Jelgava, pp. 434-442, 22nd International Conference "Economic Science for Rural Development", Jelgava, Latvia, 11/05/21. https://doi.org/10.22616/ESRD.2021.55.044
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