European Commission: outlook for SMEs in Latvia is favorable

  • 2017-11-29
  • BNS/TBT Staff
The outlook for small and medium-sized enterprises (SMEs) in Latvia is favorable, the European Commission's Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs said in its annual report on European SMEs presented at the SME Assembly in Tallinn. The Directorate General expects SME value added in Latvia to rise by 13.6 per cent in 2016-2018 and SME employment by 4 per cent. As a result, it is predicted that about 19,000 jobs will be created by SMEs in this period. "Latvian SMEs experienced moderate growth in 2012-2016. SME value added incre...
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