At the same time, it is interesting that the number of newly founded companies in the hotel and restaurant industry did not fall last year. This can probably be explained by the rapid rise of local tourism. Since the state of emergency of the pandemic announced in March 2020, the Register of Enterprises works only in absentia, therefore it is only possible to establish a company remotely, using the signing of digital documents. This change is essential, because in a relatively short time it has led to the strengthening of new digital habits.
This has also been observed in the work Whatsapp Number List of Swedbank, because opening a company account is now possible not only in branches, but also remotely. And now the majority choose to open an account without coming to the bank at all. In February, they were 56% of new customers, and this indicator has doubled over the past year.More and more small and medium farms in Latvia want to develop by investing in the efficiency and productivity of their farms.
However, the biggest obstacle is insufficient accounting, which does not allow to attract financing. Swedbank's data show that the amount of financing granted in the segment of small and medium farms in Latvia has increased by 21% in 2020. This is a significant increase compared to 2019, at the same time, Swedbank would be ready to meet an even greater demand for financing from small and medium-sized farms.