Some aspects of economic development of the Latvian market during 10 years of its membership in the European Union
Some aspects of economic development of the Latvian market during 10 years of its membership in the European Union

Summary/Abstract: The article considers development trends of Latvia’s economy, based on the restructuring of the national economy over the past 10 years. The main directions for further development of the country as a market with a primary sector of small and medium-sized businesses are determined. The problems associated with the deterioration of the demographic factor are highlighted. Market development indicators which reflect the level of welfare of the country, such as inflation, average and the minimum wage, value of the consumer basket are considered. It is concluded that the purchasing power of the employed population of Latvia during the period of membership in the EU has increased, which can be considered a positive factor. As a whole, it is necessary to consider the experience of interaction of Latvia with all structures of uniform European space in the course of the solution of arising problems as the main outcome of the anniversary of the first 10 years of its membership in EU.

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