Despite the cold in the early months of the year and rising energy prices, especially after the conflict in the Persian Gulf, as well as an unpredictable future, the number of new companies and taxpayers in Latvia has increased, writes Dienas Bizness.
This picture is shown by the data from the State Revenue Service on the number of taxpayers and data from Lursoft IT on company registrations in the first quarter of this year compared to the same period last year. In the first three months of this year, 2,973 new enterprises were registered, which is 280 more than in the same period last year. The number of initiated bankruptcy procedures in the first quarter of this year remained at the level of 2025.
"The obvious is incredible, because, judging by the numbers, there is a recovery in business activity, although the population of Latvia has decreased even more," comments former chairman of the Council for Cooperation of Small and Medium Enterprises Andris Lasmanis.
He states that the first three months of 2026 brought as much new as usually happens in a year. January and February were marked by cold weather in Latvia, unusual for recent years, while the record warm March coincided with the period of military actions in the Middle East, resulting in a sharp rise in energy prices, and the question of what will happen next in this sector remains open.
"Perhaps enterprising people, thinking about their future, understand that by working in the public system, they have to become chameleons, which not everyone likes, so they prefer to rely on themselves," notes Lasmanis.
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