Most comprehensive evaluation of Latvia‘s competitiveness to be carried out

September 8, 2011

The researchers of Latvia’s competitiveness have concluded that a significant economic environment improvement can be expected only after a sharp drop of shadow economy. Christian Ketels points out that in such volatile times the long-term vision and strategy is important, allowing to focus on critical spheres. He is in charge of the research evaluating Latvia’s competitiveness, carried out by the SSE Riga, BICEPS and Ernst & Young, and initiated by Latvian PM Valdis Dombrovskis. The initial conclusions show that shadow economy, low labour productivity and the low efficiency level of involving residents in labour market are the main factors hindering the competitiveness.(Published: September 8, 2011, BNS Latvia; Author: BNS) Full text available for SSE Riga internal users through Mediju Monitorings