RIGA, Aug. 13 (Xinhua) -- Young people in Latvia are keener to start their own business than their peers in Lithuania and Estonia, according to a latest survey released by the Swedish bank SEB Group.
The survey of 18 to 25 years old respondents shows that 36 percent of Latvians in this age group plans on starting their own business and 4 percent of them have already become entrepreneurs, as compared to 30 percent of the polled youngsters in Lithuania and 24 percent in Estonia.
Around 60 percent of the young people who want to start their own business in Latvia are aged between 23 and 25. Nearly half of them are working and one in three combine work with studies.
Most of the surveyed youngsters, or 65 percent, hope that in five years' time their monthly net income will exceed 1,500 thanks to the success of their business plans.
Men proved more eager than women to start their own business, with 43 percent of the polled men and 31 percent of women saying that they already had business plans.
The areas in which the polled Latvian youths are planning to do business range from IT and fin-tech to various services, trade, beauty care, construction, food services, as well as manufacturing, according to the SEB survey.
The online poll was conducted in June 2018 and included 1,090 respondents in Latvia, 1,700 in Lithuania and 512 respondents in Estonia, aged 18 to 25.
