Translated using ChatGPT service.
On June 16, 2025, Edmunds Valantis will conclude his term as State Secretary at the Ministry of Economics (MoE).
E. Valantis has served as State Secretary since June 3, 2020, completing five years in the role.
E. Valantis has worked at the MoE intermittently since 1999, holding various positions, including Director of the EU Funds Implementation Department and Deputy State Secretary for Construction and Housing Affairs. His professional experience and contribution to public administration have been significant, particularly in attracting investment and advancing construction, housing accessibility, and energy efficiency.
“I would like to thank Edmunds Valantis for his work and contribution to the ministry’s development. In just the past year alone, under his leadership, strategic sectoral goals have been achieved, such as the reorganization of the Investment and Development Agency of Latvia, which tripled the number of investment promotion specialists to significantly boost investment inflows; the drafting of the Law on Innovative Entrepreneurship and Priority Project Support, which will greatly improve the investment environment; and important steps have been taken to enhance the performance of state-owned enterprises,” emphasized Minister of Economics Viktors Valainis.
During E. Valantis’s tenure at the MoE, the ministry has successfully navigated challenges related to the COVID-19 crisis, the energy crisis, and Russia’s invasion of Ukraine. This period saw the digitalization of construction processes, improvements to rental regulation, and the introduction of support for the construction of affordable rental housing. Significant progress was also made in increasing access to EU funding programs for businesses, as well as in implementing fast-track procedures for attracting large-scale investments.
“I am grateful for the opportunity to be part of the Ministry of Economics team. Together with my colleagues, we have achieved substantial improvements in areas such as housing, construction, business support, and investor procedures. I am truly pleased that the Ministry of Economics also serves as an example to other institutions in terms of managing state-owned enterprises—through cooperation with these entities, we have ensured good corporate governance, competitiveness, and significant dividend contributions to the state budget. Now it is time for me to pursue new challenges. I wish my colleagues and the Minister success in their continued efforts to serve Latvia and its national economy,” stated E. Valantis, State Secretary of the Ministry of Economics.
The Ministry of Economics extends its gratitude to Edmunds Valantis for his contributions and wishes him success in his future professional endeavors.
An open competition will be organized to appoint a new State Secretary. Until then, the current Deputy State Secretary for Economic Affairs, Raivis Bremšmits, will serve as Acting State Secretary.