THE FINANCIAL PROBLEMS OF COMMERCIAL ACTIVITIES OF LATGALE PLANNING REGION DURING THE PERIOD OF THE YEARS 2006 – 2011

Abstract

There has been carried out the analysis of the financial situation of the commercial activities of Latgale planning region in comparison with the financial situation in Latvia in general during the period of the years 2006 – 2011. The analysis was based on the methodology of the analysis of finance worked out by the author, which in comparison with the traditional methods has been supplemented with the indexes of financial lever impact, and which included the analysis of the factors having impact on profitability. There have been calculated the numerical expression of factors, which had impact on the commercial, economic and financial profitability of the commercial activities of Latgale. As a result of the analysis the chief problems for the improvement of the commercial situation in Latgale have been identified.