The Ministry of Economics of the Republic of Latvia ( lv, 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 Latvia ( or ; lv, Latvija ; ltg, Latveja; liv, Leţmō), officially the Republic of Latvia ( lv, Latvijas Republika, links=no, ltg, Latvejas Republika, links=no, liv, Leţmō Vabāmō, links=no), is a country in the Baltic region of ...

in the

European Union The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been des ...

Minister for Economics

The current minister since May 26, 2022, is

Ilze Indriksone Ilze Indriksone (born 29 October 1974) is a Latvian environmental planner and politician representing the National Alliance (NA) party. Since May 2022, she is the Minister of Economics. She was a member of the 13th Saeima (elected from the NA) a ...

from the National 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 organization A non-governmental organization (NGO) or non-governmental organisation (see spelling differences) is an organization that generally is formed independent from government. They are typically nonprofit entities, and many of them are active in h ...

s 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 Established in 1993, The Investment and Development Agency of Latvia, or LIAA in short, acts under the Ministry of Ministry of Economics of the Republic of Latvia. Kaspars Rožkalns has served as the director of the LIAA since 2020. Accordi ...

, a

government agency A government or state agency, sometimes an appointed commission, is a permanent or semi-permanent organization in the machinery of government that is responsible for the oversight and administration of specific functions, such as an administrati ...

responsible for promoting business development in

by facilitating the growth of foreign investment and increasing the competitiveness of Latvian entrepreneurs in domestic and foreign markets. The

is directly subordinated to the Ministry of Economics.

Subordinated institutions

The Ministry of Economics oversees several government agencies in Latvia: the

Latvian Tourism Development Agency
th
Central Statistical Bureau of LatviaCompetition CouncilConsumer Rights Protection Center
an
Public Utilities Commission

References

External links

Ministry of Economics website

Investment and Development Agency of Latvia website

Latvian Tourism Development Agency website

Central Statistical Bureau of Latvia website
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