Ministry of Economics (Latvia)













Republic of Latvia
Ministry of Economics

Latvijas Republikas Ekonomikas ministrija

Coat of arms of Latvia.svg
Coat of arms of Latvia

Agency overview
Jurisdiction
Latvia
Headquarters
Brīvības iela 55, Riga
Agency executive

  • Arvils Ašeradens, Minister of Economics

Child 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]




Contents





  • 1 Minister for Economics


  • 2 Functions


  • 3 EU Structural Funds


  • 4 Subordinated institutions


  • 5 See also


  • 6 References


  • 7 External links




Minister for Economics


The current Minister of Economics is Arvils Ašeradens, appointed on February 11, 2016.[2]



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.[3]



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,[4] 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.[5] The Investment and Development Agency of Latvia is directly subordinated to the Ministry of Economics.[6]



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.[7]



See also


  • Economy of Latvia


References




  1. ^ "Latvijas Republikas Ekonomikas Ministrija". Em.gov.lv. Archived from the original on 2012-07-12. Retrieved 2012-08-11. 


  2. ^ "- Ministry of Economics". em.gov.lv. Retrieved 2018-06-30. 


  3. ^ "Latvijas Republikas Ekonomikas Ministrija". Em.gov.lv. 2012-07-23. Retrieved 2012-08-11. 


  4. ^ "LIAA". LIAA. Archived from the original on 2012-07-09. Retrieved 2012-08-11. 


  5. ^ "LIAA". LIAA. Archived from the original on 2012-05-02. Retrieved 2012-08-11. 


  6. ^ "LIAA". LIAA. Archived from the original on 2012-05-02. Retrieved 2012-08-11. 


  7. ^ "Latvijas Republikas Ekonomikas Ministrija". Em.gov.lv. 2012-04-19. Archived from the original on 2012-08-28. Retrieved 2012-08-11. 




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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