State support for small and medium-sized enterprises – the path to growth

State support for SMEs includes financing, export promotion and training. It helps companies to establish themselves in the market and develop competitiveness. The programs promote the establishment of new companies and the introduction of innovations. The support allows SMEs to look more confidently at international markets. Overall, these measures strengthen the Latvian economy.

Small and medium-sized enterprises (SMEs) are the backbone of the Latvian economy – they provide jobs and promote innovation in the regions. To help these companies develop, the state offers various support mechanisms, including grant programs, export promotion initiatives and tax breaks for young entrepreneurs. Training and mentoring projects are also available to help strengthen the skills and competitiveness of entrepreneurs. Such measures contribute to a stable and sustainable business environment, giving SMEs the opportunity to grow and expand both domestically and internationally.