The goal of the research is to study types of risks, their identification, classification and assessment possibilities in activities of Latvian trade services enterprises. The authors have created classification of the trade services technological process risks. The authors have carried out a survey of the most important risk factors in the stages of the trade technological process. The authors have created the trade services technological process risks matrix. The risks matrix is a quantitative assessment of risks. The authors have arranged risks by their size of possible losses. The authors have used their own created algorithm of enterprises’ risks identification, classification and assessment that to research economic and financial risks by their effect on Latvian trade sector enterprises’ development. From year 2004 till year 2011 the authors studied medium financial indexes of trade services enterprises in Latvia. Based on economic analysis of trade service enterprises medium financial indexes is created risk-level dynamics assessment by using special coefficient method.