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Monday 23.07.2018 | Name days: Magda, Magone, Mērija
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20% of Latvians would like to start their own business

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Baltic news, News from Latvia, BNN-NEWS.COM, BNN-NEWS.RUThere is growing interest in starting one’s own business. The fifth part or 20% of the Latvian population mull over the possibility to take up business in near future. 6% are set to establish their own company already this year, according to Swedbank study.

However, almost all of the respondents willing to start their own business do not yet have a specific business idea.

Those determined to take up business in 2012 opt for such sectors as trade, culture, art and entertainment, agriculture and environmental science, as well as tourism, hotels and catering.

Men are more willing to engage in business activities (10% men, 3% women). Professionally experienced people aged 30 to 50 (52%) cherish some kind of a business idea more often than young professionals under 29 years (30%).

Speaking about the key challenges, the surveyed single out start-up capital (67%) and an unfriendly economic situation (43%). Nearly one-third or 32% of the respondents also point at the lack of innovative ideas, discouragement (29%), poor knowledge (24%) and lack of motivation (16%).

14% of the respondents recognize they are not the business type of persons.

Last year, 18 044 new companies were registered in Latvia – 34.4% more than in 2010.

Ref: 104.105.105.1071


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