Study: Latvia‘s competitiveness reduced by shadow economy, low labour productivity

September 8, 2011

The first conclusions of the report on Latvia’s competitiveness, presented at the SSE Riga on Thursday, are that it is hampered mostly by shadow economy and low labour productivity. The social and regional inequality is disturbing as well. But the diversification of Latvia’s export structure is the positive signal for Latvia’s competitiveness. According to Christian Ketels Of Harvard Business School, the factors will continue to be analysed and the end report can be expected at the end of November 2012. The evaluation of Latvia’s competitiveness was commissioned by the State Chancellery of Latvia and it is conducted by the SSE Riga, BICEPS and Ernst & Young, and initiated by Latvian PM Valdis Dombrovskis. (Published: September 8, 2011,; Author: BNS) Full text available for SSE Riga internal users through Mediju Monitorings