Analytics, Latvia, Markets and Companies

68.42% of the 750 entrepreneurs polled admitted that their plans do not include leaving Latvia in the near future.

9.6% of entrepreneurs admitted that such a possibility is very low and 5.9% replied that the probability that they could transfer their business to another country was rather small.

Only 2% of the polled replied that the chances are high that they will transfer to another country, 5.6% said that such a possibility is quite high. 8.5% of entrepreneurs found it hard to answer if they could transfer their business to another country.

86.4% – vast majority of owners of companies, located in Riga or its vicinity are certain that they would not change their businesses' location. The situation is similar in regions and rural areas, where 77.3% of entrepreneurs are sure that they would not transfer their business to another country.

There are relatively more managers of shared capital enterprises (that is, foreign and local capital companies), who consider the option to transfer to another country as very probable – 10.2% or rather highly possible – 12.2%.

"Parex index" business activity surveys have been carried out since 2004, by "Parex banka", in cooperation with the public opinion research center SKDS. The main purpose of the study is to obtain a unified index that would characterize Latvian entrepreneurs' subjective opinion about the economic situation in the country. "Parex index" is calculated from the data, obtained by polling 750 entrepreneurs, representing companies of various sizes and operating in miscellaneous sectors of industry.

"Parex index" data also reveals that entrepreneurs in Latvia are increasingly more pessimistic about the economic situation in the nation.