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Management of business risks - this is one of the cornerstones of any business. Without competent, qualified management of business risks cannot talk about any development or progress. What is extremely difficult without understanding the level of expected future sales. This study opens the possibility of using the dynamics of dependence (forecast) GDP and the volume of sales in the estimation of future regional sales in Latvia, Lithuania, Estonia and Bulgaria on the example of retail MAXIMA GRUPE. The study used ...

The article explores the ways of forming a system of risk management (RM) and improving risk management of Latvian small and medium enterprises (SMEs), using the example of the company "X". There has been stated the insufficient employment of SMEs, RM methodology in practice; the methodology has been developed for large businesses. There has also been discovered the necessity of taking into consideration the peculiarities of industry and country. The paper presents the assessment of risks on the basis of expert an...