Hemp is a very valuable plant because each part of it can be used in many ways. It can be used to produce innovative products for building construction, chemical industry, medicine, textile production, consumption, and agriculture. In the article, the authors have aggregated the information about hemp cultivation and processing sector development in the European Union and Latvia and have described its cultivation possibilities, technological processes, and processing capabilities. The aim of the present article was to reveal the topicalities of hemp industry development in the European Union and Latvia. The tasks of the research were to present an overall description of hemp industry development trends in the European Union and to characterize hemp industry development in Latvia focusing on the national support activities and hemp cultivation and processing opportunities. The authors of the article have performed an extensive secondary data analysis to summarize the most important activities that should be done at the national scale to further enhance the development of hemp industry in Latvia.
Balanced regional development in Latvia is one of the most important issues on all political levels in terms of development strategy. In Latvia there are five planning regions -Kurzeme, Latgale, Vidzeme, Rīga, Zemgale. The regional development is not balanced. The most powerful region is Rīga, because significant part of economic activity takes place there, also most part of inhabitants live there. Consequently, it is important to have efficient regional policy, to ensure a balanced regional development.In year 2009 important reform was realized in Latvia -administrative-territorial reform. As a result now there are 118 local governments (before reform -548) in Latvia with the average population of 19 100 (before reform -4 300) inhabitants. However, there are differences among the local governments -both in population and economic development. Part of the municipalities is classified as a mixed urban and rural area. Theoretically local municipalities have become more powerful; yet there are still discussions taking place whether this administrative-territorial reform was really necessary.One of the concepts of sustainable development (which is also a principle of the regional policy) is that big amount of social and environmental problems could be solved by sector of entrepreneurship. Also development of regional economy is related to the local governments and its ability to use resources, create working places and promote and strengthen business activities. Entrepreneurship, its development is seen as basics of country's progress, because business creates work places, provide tax revenue and the output is goods and services. Business can be considered as one of the driving forces of society. Consequently development of entrepreneurship, its support should also be a component of regional policy. In the article authors are analyzing both the role of entrepreneurship in regional policy in Latvia and identifying differences of business development on regional level. Researchers in recent years have a lot of discussions, what kind of activities are necessary and what kind of regional policy is appropriated to balance entrepreneurial activity in different regions.In Latvia regional policy is developing since recovery of independence in 1990 th . Resuming planning document hierarchy in Latvia, it is possible to divide regulation of planning system in three levels: national level, regional level and local level. After the administrative territorial reform, controversies about necessity to strengthen the regional level in administrative way have intensified. In regulations there are also mentioned needs of business.There exist significant economic differences between regions of Latvia. Coherence between region development and activity of entrepreneurship is also noted. It demonstrates that supporting development of entrepreneurship and motivating people to start their own business, also providing suitable business environment and successful realization of support activities could also be a useful instrument of regional p...
This paper investigates the use of videos in job advertisements. This is very important for companies to differentiate their job advertisement from other companies and to attract potential candidates to apply.Organizations need new opportunities to attract individuals to join their organisation. The member of the organization influences the value of the organization. That means organizations are interested to have the most suiTable member to be successful and to have a competitive advantage with the new member. Trends of online video watching prove video to be the most preferred way of content consumption. The paper identifies the values of videos in job advertisement for employment seeking individuals. The research asked up to 319 individuals about the usefulness of videos in job advertisements and benefit for potential candidates with the content of videos in job advertisement. The advantage of videos is the content and to provide additional information. The authenticity of the videos provides a realistic job preview. The result of the paper is that job advertisements with videos are more beneficial for potential candidates. The results support companies to optimize their job advertisements.
Basing on critical analysis of Latvia households’ consumption expenditure structure during the period from 2003 until 2010, the authors have identified the main tendencies of changes and characterized the main macroeconomic indicators, which have seriously influenced the consumption structure during different phases of economic cycle. The authors have applied econometric methods to characterize the correlation of particular consumption expenditure groups’ proportion with households’ consumption expenditure. The analysis enabled the authors to detect, which consumption expenditure groups exactly are the most important for ensuring the welfare level, and E. Engel’s regularity was also discussed in this respect. The analysis of the data obtained in scope of the households’ member survey enabled the authors to identify the main directions of consumer behaviour changes during the economic recession period and present proposals for improvement of consumption as a significant indicator of country’s welfare and sustainable development.
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