Survey: 61% of entrepreneurs consider that Latvia's business environment is bad – in Latvia

61% of the economic environment of entrepreneurs is considered poor in Latvia, of which one in nine (13%) – very bad, but every second (48%) – rather bad, also the amount of taxes in pay 90% of public contractors consider excessive, More than half (54%) indicate that it is "very high," according to the Turibi Business Index

According to the survey data, The most positive economic environment in Latvia is rated by small businesses, of which 38% in favor one in five (20%) considers that it is very bad among representatives of large companies.
By examining the data on the badessment of the business environment according to the sectors represented by companies, one can conclude that the business environment is positively evaluated by traders, of which 41 % are considered good, but very good – 2%. Meanwhile, the most disadvantaged entrepreneurs are those whose economic environment is very poorly rated by 15%.

In turn, kurzeme entrepreneurs are interested in the business environment, of which 44% "The business climate is formed by various factors, such as tax policy and its predictability, the economic situation in the country, cooperation with the public sector, etc. etc. Also, it is impossible to highlight one of them, because all aspects are equally important, "says Zane Driinke , Dean of the Faculty of Business Administration of Turiba Business School. "It is possible that the point of view of entrepreneurs expressed by the survey is influenced by the tax reform, given that the investigations took place from March to April this year, "said the Anna Medne Business School, professor at the Turiba Business School

According to the data, managers of medium and large companies consider more often than the tax is' necessary area "- 13% and 14% respectively. The property tax (NIN) is often criticized for the badessment of individual tax rates – 47% of entrepreneurs surveyed believe that the current rate of NPV is quite high.

37% of entrepreneurs consider that compulsory social insurance contributions are very high. % – the value of value added tax (VAT) is rather high, while 27% of respondents consider that the tax rate of capital gains is excessive.

"I regret to have to criticize the amount of social contributions.The essence of the social tax is the resolution of various demographic problems." Anna Medne

The Turibi Business Index is a measure that reveals the Assessment of Latvian entrepreneurs on the amount of taxes to be collected, the business environment, state aid to export promotion etc. prerequisites for the successful development of business. The index was created in collaboration with the SKDS research center in April of this year, interviewing 750 Latvian businessmen and business executives.This is the first clue of the year. Turbiz business