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Ceturtdiena 22.02.2018 | Name days: Rigonda, Adrians, Ārija
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Micro and small companies in Zemgale were the most successful ones last year

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Аuthor: SXCMicro and small companies of Zemgale had the largest turnover last year.

The number of micro and small companies in Latvia is currently more than 94% of the total number of all companies registered in the country. Even though most of these companies are concentrated in the capital, the role these companies play in the regions increases as well.

A total of 13 082 small and 28 555 micro enterprises are currently registered in the capital. The second largest number of such companies is found in Kurzeme (1 645 small and 3 219 micro companies). Vidzeme has the least concentration of these companies, according to Lursoft data.

The number of micro enterprises slightly reduced last year, coming close to the level of 2010. A total of 54 612 micro enterprises were registered in Latvia last year. 39 981 of them worked with a turnover of 70 000 LVL.

The general number of small companies has been relatively stable since 2009. In 2012, 19 291 small companies were registered in Latvia in 2012.

24.5% of all Latvia’s micro and small companies relate their main activities with trade. Only 6.72% of companies are united in the TOP 5 area of activities – real estate transactions, accounting and judicial services (5.65%), car and motorcycle sales and maintenance (4.60%) and land transport and pipeline transport (3.97%).

Last year, one-fifth of all Latvian micro and small companies had noted in their annual accounts that their turnover had been 0 LVL. This was the first year for nearly 30% of all companies with turnover of 0 LVL. One of the most often mentioned explanations for this was that not all founded companies were able to get all they needed to begin economic activity.

Review of turnover of small and micro companies for 2012 shows that those companies operating in Zemgale have had the largest turnover in 2012.

Companies have managed to recover after the drop of 2010. Even though most of micro companies have not been able to reach a turnover equal to 2007, companies of Riga region have even managed to exceed it. Last year’s average turnover of Riga region companies was 18 001 LVL (13 970 LVL in 2007).

I spite of the fact that small companies of Riga region do not have the largest of turnover indexes, companies of this region were the ones to show the largest earnings in Riga and last year – 10 543 LVL. It should be noted, however, that this fact does not mean that micro companies were also working with high earnings in this region. Unlike other Latvian regions, where the earnings of micro enterprises are somewhat small, the average losses of Riga region’s companies were 100 LVL.

Ref: 102.109.109.7444


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