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Project "Design of Information Sources to Identify and Resolve Financial Distress in Latvia"

On the 15th September of 2021 a project "Design of Information Sources to Identify and Resolve Financial Distress in Latvia" was launched, and it will be carried out over a period of 17 months.

The project is funded by the European Union through the Technical Assistance Instrument and implemented by the European Bank for Reconstruction and Development in cooperation with the European Commission, and with the support of a consortium of financial and legal consultants led by PwC Latvia.

The project will focus on a number of issues that are important for identifying and resolving financial difficulties for small and medium-sized enterprises, entrepreneurs and consumers. Its main tasks are:

  • to find out the characteristics and habits of this group in obtaining information;
  • to carry out an in-depth study of the information sources already available and to propose a strategy for the development of an appropriate way or ways of presenting information;
  • to develop the information content.