The key problem in Latvia-Lithuania cross-border regions is low competitiveness. The research of potential business growth factors is as an important niche of scientific research within the wider regional development studies, that offers real and tangible benefits to some of the most remote and isolated Latvia-Lithuania cross-border business communities. For the present, there are no established and academically motivated determination methodology of regional business growth and prepared recommendations for raising the effectiveness of business promotion in Latvia-Lithuania cross-border regions.

This project is oriented to prepare a regional model of business growth promotion factors and to adapt it to local authorities and business representatives by exercising neural networks. The business growth simulation program allows simulating the growth of business with the adjustment of financing different business support measures to determine effectiveness. 

This project is intended to improve the business environment and entrepreneurship in cross-border regions of Lithuania (Klaipėda and Kaunas counties), Latvia (Kurzeme region) and conterminous regions (cross-border regions), whereas the SME sector, its development clearly has important implication for economic development in regions.

The project should promote:

1.  Cooperation between universities in the field of regional researches;
2.    Strengthening of partnership between science, business and government institutions;
3.    Creation and dissemination of best practice in order to solve the problems of development in Lithuanian-Latvian cross-border regions through improving efficiency-orientated measures of business environment.

The key problem in Latvia-Lithuania cross-border regions is low competitiveness. The research of potential business growth factors is as an important niche of scientific research within the wider regional development studies, that offers real and tangible benefits to some of the most remote and isolated Latvia-Lithuania cross-border business communities. For the present, there are no established and academically motivated determination methodology of regional business growth and prepared recommendations for raising the effectiveness of business promotion in Latvia-Lithuania cross-border regions.

This project is oriented to prepare a regional model of business growth promotion factors and to adapt it to local authorities and business representatives by exercising neural networks. The business growth simulation program allows simulating the growth of business with the adjustment of financing different business support measures to determine effectiveness. 

This project is intended to improve the business environment and entrepreneurship in cross-border regions of Lithuania (Klaipėda and Kaunas counties), Latvia (Kurzeme region) and conterminous regions (cross-border regions), whereas the SME sector, its development clearly has important implication for economic development in regions.

The project should promote:

1.  Cooperation between universities in the field of regional researches;
2.    Strengthening of partnership between science, business and government institutions;
3.    Creation and dissemination of best practice in order to solve the problems of development in Lithuanian-Latvian cross-border regions through improving efficiency-orientated measures of business environment.