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The knowledge-based bioeconomy has been prioritized through European Union (EU) research and innovation policies. In December 2017, the government approved the Latvian Bioeconomy Strategy 2030, which set the horizontal strategic goal of achieving "research excellence in traditional bioeconomy industries and efficient transfer of knowledge". Therefore, the aim of the present research is to examine one of the submeasures "promoting research excellence and efficient knowledge transfer within traditional bioeconomy industries" for the implementation of the strategic goal of the Latvian Bioeconomy Strategy 2030 regarding "Knowledge and Innovations" in Latvia. The research found that the development of research on the bioeconomy depends on the overall situation in research and development (R&D) in the country. In 2021 in Latvia, total expenditure on scientific research was low, only 0.71% of GDP, of which 64% was EU funds and private funding. The national Smart Specialization Strategy (RIS3) defines five main fields to be developed in Latvia, and one of them is a knowledgeintensive bioeconomy. In 2018, 1600 scientists worked in this field, which was 23% of the total number of scientists engaged in RIS3 fields. The amount of R&D funding attracted to the bioeconomy field in 2014-2018 was only EUR 27 mln. or 14% of total funding for RIS3 fields, which indicated the insufficient ability of bioeconomy scientists to attract funding and their lower labour productivity. Nine main research institutions employed 89% of the total personnel engaged in the bioeconomy field, who were the authors of 98% of WoS-indexed research papers published in 2014-2018. In the future, the most important research priorities for the bioeconomy field are going to be mitigation of negative climate change impacts, as well as food and energy security. [ABSTRACT FROM AUTHOR]

The aim of this study is to identify opportunities for the development of the bioeconomy in Latvia, assessing its role in the development of the agricultural sector. Nowadays, the development and sustainability of natural resources are of great importance. The bioeconomy can be considered as one of the oldest sectors of the economy, which life sciences and biotechnology can transform into one of the most modern sectors of the economy. From a number of perspectives, one of Latvia's development opportunities is the more sustainable and efficient use of natural resources. The bioeconomy provides a combined approach to integrating knowledge-based economic growth, social welfare and environmental protection in agriculture, forestry and fisheries, respecting the principles of the circular economy. The aim of this paper is to provide information on a study carried out to investigate and analyse the development perspectives of the bioeconomy and organic farming in Latvia. The research methodology includes theoretical concepts and a framework of factors influencing the bioeconomy. The study uses the Delphi method, collects data from expert interviews and surveys, uses the Porter's hypothesis method, and analyses the competitiveness of organic farming enterprises in Latvia based on Porter's five forces method. The development of the bioeconomy is mainly related to the production and efficient processing of bioresources. Rural areas and regions are therefore the ones with the greatest potential for development. Research data show that the growth of the bioeconomy will contribute to the development of Latvia's rural areas and regions and that Latvian organic farming enterprises have great potential. [ABSTRACT FROM AUTHOR]

The aim of this study is to identify opportunities for the development of the Latvian forest sector and to assess competition. Nowadays, the development and sustainability of natural resources is of great importance. The forest resource in Latvia is valued as the most important national natural resource. It is therefore necessary to identify and analyse the factors influencing its development. The study included an analysis of the Latvian forest sector exports. The research methodology includes theoretical concepts and a framework of factors influencing the forest sector. The aim of this paper is to analyse the export performance of the Latvian forest sector and to present data on the export of forest sector products, collected within the framework of the study, depending on the degree of processing of the product, as well as to determine the breakdown of partner countries for forest sector exports. The study involved surveys of companies in the sector and expert interviews. The data from the study show that Latvia's forest sector exports have great potential. The largest share in the forest sector's export structure is occupied by primary processing products, followed by further processing products, which overtake the position of logs and by-products. The total value of Latvia's forest sector exports, like the total value of the country's exports, has tended to increase. The analysis of the data obtained will allow an understanding of the factors influencing the development of forestry exports. [ABSTRACT FROM AUTHOR]

Over the past two decades, biotechnology has provided a motor for environmentally sustainable production and for the development of a diverse range of innovative products. The potential economic and environmental benefits of biotechnology have created a growing strategic interest in bioeconomy. Bioeconomy combines highly research and knowledge intensive economic activities in agriculture, forestry and the food sector with the innovative use of renewable raw materials for material and energy use. This paper aims to study the potential for the further development of bio-based sectors in Latvia and main challenges the development of innovations in bioeconomy faces in Latvia and Baltic Sea Region countries. In this study, the authors have analyzed current situation in Latvia regarding bioeconomy development and have identified innovations fostering sustainable use of natural resources. The research finds out that bioeconomy innovations in the traditional biobased sectors such as agriculture, horticulture, forestry, fisheries, renewable energies, food and feed, pulp and paper, goes in line with the principles of sustainable development and thus it effects development of sustainable use of natural resources. This paper reviews the support systems for innovations in bioeconomy in EU and Latvia and studies the potential for the further development of bio-based sectors in Latvia. [ABSTRACT FROM AUTHOR]