The EC has identified the development of small and medium-sized enterprises (SME) as one of its priorities, with a significant share of funding for this purpose. Meanwhile, there is an interesting situation in Latvia in this area.
Historically, small and family businesses from generations have been inherited by the oldest EU member States. The opposite for most of the new Member States, this experience was completely destroyed during the Soviet Union. During the 70 years regime, a complete replacement of generations, giving place to a generation that had no experience and inherited family businesses.