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OECD SME and Entrepreneurship Outlook 2019

image of OECD SME and Entrepreneurship Outlook 2019

The new OECD SME and Entrepreneurship Outlook presents the latest trends in performance of small and medium-sized enterprises (SMEs) and provides a comprehensive overview of business conditions and policy frameworks for SMEs and entrepreneurs.

This year’s edition provides comparative evidence on business dynamism, productivity growth, wage gaps and export trends by firm size across OECD countries and emerging economies. It explores the implications of digitalisation and globalisation for market conditions and SME access to strategic resources such as finance, skills, technology, data and other innovation assets. The report gives comparative analysis of regulatory frameworks and policies to enhance contributions by SMEs and entrepreneurs, and delivers a forward-looking perspective on the opportunities and challenges SMEs and entrepreneurs face in doing business and scaling up their activities. It also contains country profiles outlining the latest developments in national SME performance and business conditions, with expanded country profiles available on line.

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Latvia

Latvia’s regulatory framework performances are in many respects on par, or above, OECD median. The 2017 Action Plan for Business Environment Improvement introduces improved online business registration, digitalisation of public services, monitoring of insolvency proceedings and a single account for all tax payments. A 2018 tax reform aims to increase tax predictability until 2021 with differential treatment for SMEs and start-ups. Latvia has engaged in reorganising the judicial map, through consolidated municipal courts for more rapid procedures, a training programme until 2022 and out-of-court arbitration settlements. This reform is part of a broader agenda to restore trust in government. The new Business Environment Improvement Plan (2019-21) foresees more customer-oriented services, a competitive tax system, opening the business environment and promoting innovation.

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