Doing Business in Latvia 2014

According to the World Bank’s ranking Doing Business 2014 which ranks 183 countries on the basis of how easy it is to conduct business, Latvia improved its position significantly in terms of “Dealing with Construction Permits”, jumping from 118th place last year to 79th place this year. Latvia has also improved its positions in the other sectors, for instance, it now takes less time in Latvia to start a business, and the overall tax burden has decreased slightly.

Doing Business 2014: Understanding Regulations for Small and Medium-Size Enterprises assesses regulations affecting domestic firms in 189 economies and ranks the economies in 10 areas of business regulation, such as starting a business, resolving insolvency and trading across borders. This year’s report data cover regulations measured from June 2012 through May 2013. (Learn More: http://www.doingbusiness.org/data/exploreeconomies/latvia/)