Ministry of Economics (Latvia) explained

Agency Name:	Republic of Latvia Ministry of Economics
Nativename:	Latvijas Republikas Ekonomikas ministrija
Jurisdiction:	Government of Latvia
Headquarters:	Brīvības iela 55, Riga
Coordinates:	56.9575°N 24.1233°W
Chief1 Name:	Viktors Valainis
Chief1 Position:	Minister of Economics
Child1 Agency:	Investment and Development Agency of Latvia
Website:	em.gov.lv

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]

Minister for Economics

The current minister since September 15, 2023, is Viktors Valainis from the Union of Greens and Farmers political allicance.

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.^[2]

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,^[3] 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.^[4] The Investment and Development Agency of Latvia is directly subordinated to the Ministry of Economics.^[5]

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.^[6]

See also

• Economy of Latvia

External links

• Ministry of Economics website
• Investment and Development Agency of Latvia website
• Latvian Tourism Development Agency website
• Central Statistical Bureau of Latvia website

Notes and References

1. Web site: Latvijas Republikas Ekonomikas Ministrija . Em.gov.lv . 2012-08-11 . dead . https://web.archive.org/web/20120712144249/http://www.em.gov.lv/em/2nd/?lng=en&cat=3&lng=en . 2012-07-12 .
2. Web site: Latvijas Republikas Ekonomikas Ministrija . Em.gov.lv . 2012-07-23 . 2012-08-11 . https://web.archive.org/web/20140720203127/http://www.em.gov.lv/em/2nd/?cat=30215 . 2014-07-20 . dead .
3. Web site: LIAA . LIAA . 2012-08-11 . dead . https://web.archive.org/web/20120709001137/http://www.liaa.gov.lv/eng/invest_in_latvia/state_aid_programmes_for_20072/ . 2012-07-09 .
4. Web site: LIAA . LIAA . 2012-08-11 . dead . https://web.archive.org/web/20120502001915/http://www.liaa.gov.lv/eng/home/about_us/activities/ . 2012-05-02 .
5. Web site: LIAA . LIAA . 2012-08-11 . dead . https://web.archive.org/web/20120502001929/http://www.liaa.gov.lv/eng/home/about_us/organisation/ . 2012-05-02 .
6. Web site: Latvijas Republikas Ekonomikas Ministrija . Em.gov.lv . 2012-04-19 . 2012-08-11 . dead . https://web.archive.org/web/20120828141103/http://www.em.gov.lv/em/2nd/?cat=30219 . 2012-08-28 .