How the Baltic States Transportation Companies Survived the Economic Crisis: The Lessons of Crisis

The purpose of this article is to analyze the key indicators of transportation companies, with emphasis on enterprise size class, turnover and value added of enterprises, in the Baltic States (Lithuania, Latvia and Estonia), or of new European Union (EU) states before and after the economic crisis of Europe, and to compare them on the EU level. We will look at how the economic crisis has affected the indicators of transportation companies and analyze the changes in the companies. These companies will be compared to other EU states, primarily the Central and Eastern Europe (CEE) countries or other new EU states. What are the lessons learned from the economic crisis? The literature review shows the crisis theory. It is concerned with explaining the recession, depression and business cycle in economics. We will make a short view of the financial crisis. We present for discussion the objective and subjective factors of the economic crisis of the companies.