Business, Good for Business, Latvia, Markets and Companies
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Friday, 19.04.2024, 21:45
For the first time in 7 years Latvia records increase in new business registration - Lursoft
Data shows that 10,660 companies were established and 20,746 folded in 2018. Compared to a year before, the number of new companies rose by 4.4%, while the number of liquidated enterprises increased by 25.9%.
With a share capital of EUR 79 mln, ASG Resolution Capital was the largest company registered in Latvia in 2018. The company’s beneficial owner is Ernests Bernis.
Like in previous years, the number of liquidations grew last year as work continued to improve the business environment by excluding from the register of enterprises companies that had not been involved in any operations for a longer period of time or had existed without a functional management board. Most of the companies folded in 2018 represented sectors like construction, food services and cargo transportation.