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Ministry of Economics (Latvia)

Government ministry of Latvia

Field	Value
agency_name	Republic of Latvia
Ministry of Economics
nativename	Latvijas Republikas Ekonomikas ministrija
logo	Coat of arms of Latvia.svg
logo_width	140px
logo_caption	Coat of arms of Latvia
jurisdiction	Government of Latvia
headquarters	Brīvības iela 55, Riga
coordinates
chief1_name	Viktors Valainis
chief1_position	Minister of Economics
child1_agency	Investment and Development Agency of Latvia
website	[em.gov.lv](https://www.em.gov.lv/en)

Ministry of Economics

The Ministry of Economics of the Republic of Latvia () 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.

Minister for Economics

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

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.

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, 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. The Investment and Development Agency of Latvia is directly subordinated to the Ministry of Economics.

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.

References

"Latvijas Republikas Ekonomikas Ministrija". Em.gov.lv.
(2012-07-23). "Latvijas Republikas Ekonomikas Ministrija". Em.gov.lv.
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(2012-04-19). "Latvijas Republikas Ekonomikas Ministrija". Em.gov.lv.

Info: Wikipedia Source

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