Abstract
The last decade has witnessed dramatic changes in the whole post-socialist world. The old Communist system in Central and Eastern Europe has been dismantled and free-market economies have been initiated. Despite the fact that Central and Eastern European countries were on different levels of socio-economic development, they had many things in common, including the problems. However, the countries of the former USSR encountered greater obstacles on their way to the free market. This also applies to Lithuania, Latvia and Estonia. In contrast to East Germany, Poland, Hungary and former Yugoslavia, private property and entrepreneurship did not exist in these countries during the Soviet period. The purpose of this paper is to describe the most important theoretical problems concerning understanding of the phenomenon of entrepreneurship and to discuss different methods of developing entrepreneurial skills.
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