This is the 518th most frequent Latvian word.
pastāv
"Pastāv" in English means "exists" or "persists."
In this sentence, 'pastāv' means 'exists' or 'there are', indicating the presence of difficulties.
Dzīvē vienmēr pastāv grūtības, kas jā pārvar.
In life, there are always difficulties that need to be overcome.
In this instance, 'pastāv' means 'exists' or 'has existed', referring to the continued existence of the company.
Mūsu uzņēmums pastāv jau desmit gadus.
Our company has existed for ten years.
Here, 'pastāv' is used in the sense of 'insists' or 'stands by', showing firmness in one's belief.