Latvia: Number of new businesses exceeded liquidations in 2023

The number of new businesses registered in Latvia totalled 8,772 in 2023, according to data from enterprise database Lursoft, LETA reports. Meanwhile, the number of businesses liquidated amounted 7,844 in 2023, which was the lowest number since 2015. In the previous seven years, the number of liquidated enterprises exceeded the number of new businesses. Over the last ten years, the total number of enterprises in Latvia has decreased by more than 27,600.