The municipal finance equalization calculations in Latvia presently take into account the demographic indicators, but they do not depict accurately the municipal finance requirements; in order to precisely determine these numbers, other consequential criteria should be accounted for as well, such as infrastructure or other aspects characterising the peculiarities or needs of a certain territory. Inclusion of these new criteria in the process of determining the need for financing could serve as the basis for improvements to the existing system.The purpose of this article is to analyze the municipal finance situation in Latvia, starting with 1998, to show the differences in their income and expenditure and point out the trends that would materialize in case the system remains unchanged.
For successful economic transition to the new stage of development improvements in business environment, as also the entrepreneurs who are ready to start your own business and to set up new companies. One of the main challenges the EU Member States face is the need to boost their level of entrepreneurship and to become more competitive in the global market. That was one of the main objectives set by the Lisbon European Council, in March 2000, with a view to improving the Union's performance in terms of employment, economic reform and social cohesion. Entrepreneurship is not only a driving force in the creation of new jobs, but it also increases and enhances competitiveness and growth, personal fulfilment and the achievement of social objectives. The authors pay specific attention to the need to examine factors that affect the business environment development and entrepreneurship in regions of Latvia, which determinethe complexity of the existing conditions and factors in each region in Latvia.
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