Ministry of Economics (Latvia)

The Ministry of Economics of the Republic of Latvia (Latvian: Latvijas Republikas Ekonomikas ministrija) is the leading state administrative institution responsible for economic policy in Latvia. The ministry also represents the economic interests of Latvia in the European Union.[1]

Republic of Latvia
Ministry of Economics
Latvijas Republikas Ekonomikas ministrija
Agency overview
JurisdictionLatvia
HeadquartersBrīvības iela 55, Riga
Agency executive
Child agency
Websiteem.gov.lv

Minister for Economics

The current minister since April 2, 2020, is Jānis Vitenbergs from KPV LV. He replaced Ralfs Nemiro, appointed on January 23, 2019, who stepped down on March 16, 2020.[2][3]

Functions

The ministry develops and implements economic structural policy, manufacturing policy, energy policy, external economic policy, domestic market policy (for goods and services), commercial development policy, competitiveness and technological development policy, consumer rights protection policy, and construction and housing policy. To achieve these ends, the ministry works closely with non-governmental organizations representing entrepreneurs and other social partners.[4]

EU Structural Funds

The Ministry of Economics is also responsible for introducing and supervising programs and projects for EU Structural Funds. These funds are administered by the Investment and Development Agency of Latvia,[5] a government agency responsible for promoting business development in Latvia by facilitating the growth of foreign investment and increasing the competitiveness of Latvian entrepreneurs in domestic and foreign markets.[6] The Investment and Development Agency of Latvia is directly subordinated to the Ministry of Economics.[7]

Subordinated institutions

The Ministry of Economics oversees several government agencies in Latvia: the Investment and Development Agency of Latvia, Latvian Tourism Development Agency, the Central Statistical Bureau of Latvia, Competition Council, Consumer Rights Protection Center, and Public Utilities Commission.[8]

See also

References
  1. "Latvijas Republikas Ekonomikas Ministrija". Em.gov.lv. Archived from the original on 2012-07-12. Retrieved 2012-08-11.
  2. "Saeima ar 61 balsi apstiprina Kariņa valdību". lsm.lv. Retrieved 2019-11-21.
  3. "Vitenbergs confirmed as new Minister of Economics". Public Broadcasting of Latvia. 2020-04-02. Retrieved 2020-04-02.
  4. "Latvijas Republikas Ekonomikas Ministrija". Em.gov.lv. 2012-07-23. Archived from the original on 2014-07-20. Retrieved 2012-08-11.
  5. "LIAA". LIAA. Archived from the original on 2012-07-09. Retrieved 2012-08-11.
  6. "LIAA". LIAA. Archived from the original on 2012-05-02. Retrieved 2012-08-11.
  7. "LIAA". LIAA. Archived from the original on 2012-05-02. Retrieved 2012-08-11.
  8. "Latvijas Republikas Ekonomikas Ministrija". Em.gov.lv. 2012-04-19. Archived from the original on 2012-08-28. Retrieved 2012-08-11.
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