Legal Aspects for Extension of Renewable Resources Usage in Latvia.

This review paper analyses the main results and conclusions of researchers and state institutions regarding the institutional environment of the business in Latvia. At the same time, the authors have paid attention to the institutional factor of business in regional dimension. The research aim is to find out the institutional problems regarding renewable resources in Latvia. The first part of the paper is theoretical and it proves the importance of institutional environment. The second part touches upon some of legal aspects related to the use of renewable resources usage. The analysis shows that institutional environment regarding renewable resources is ever changing and unstable, thus arousing reasonable suspicions for longterm investment availability in Latvia. The authors have also revealed several essential problems from renewable resources development point of view as well as in some institutional and legal aspects of renewable resource production. [ABSTRACT FROM AUTHOR]