The Global Entrepreneurship Monitor (GEM) is a major international project aimed at describing and analyzing the entrepreneurial activities in a wide range of countries. Hence, the Latvian GEM displays the Latvian entrepreneurship in an international context. Latvia is one of 59 countries, which participated in the 2010 round of GEM. The Report has been written by Marija Krumina, the leader of the GEM team in Latvia. The research was generously funded by TeliaSonera through the TeliaSonera Institute at the Stockholm School of Economics in Riga. We believe that you will find the Latvian Report interesting and that it will contribute to the knowledge and understanding of the factors influencing entrepreneurial activity in Latvia. If you have any questions on the Report and its findings, please contact the research leader Marija Krumina, marija@biceps.org