Last year, 8,826 new companies were registered in Latvia, which is the lowest figure since 2004, according to information compiled by Lursoft.

Lursoft previously reported that, alongside the Covid-19 pandemic, the activity of registering new companies in Latvia decreased, resulting in 14.4% fewer new companies in 2020 compared to the year before. The year before last, the number of newly registered companies cautiously increased again, while 2022 brought another decline in this trend. Lursoft's study reveals that 401 fewer new companies were registered in 2022 than the year before.

At the same time, the number of liquidated companies has also decreased, according to the data compiled by Lursoft. While 14,157 companies were liquidated in 2021, last year the figure was 10,959, which is a 22.6% decrease. In terms of numbers, the most liquidated companies in 2022 were in Riga (5,710), Ogre Municipality (280) and Daugavpils (275). Both liquidated and newly registered companies were present in all Latvian municipalities last year.