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Construction Law in Latvia

Abstract

Just recently Latvia had the fastest growing economy in the European Union and construction was very important to its growth and was rapidly evolving. The growing demand in construction and housing instigated the development of legislation. Now the growth of construction has stopped and is plummeting headlong. Latvia's economy is arguably the worst in Europe. Nevertheless, the legislation stays and the developed construction regulations will be a good base for future growths in the market.</div> <div>Therefore the author would like to outline the basic construction laws, regulations and institutions which shape today's feeble building processes. In addition, the author would like to give general overview to step-by-step construction process as well.</div> <div>&nbsp;</div>

Author

Portrait image of Guna Dirveika
Guna Dirveika
Senior legal consultant, Financial and Capital Market Commission, Latvia

Previously, I have worked as legal consultant in Building, Energy and Housing Agency specialising in privatisation as well as a jurist in company Reaton, Ltd, where my responsibilities included drawing contracts and other legal documents for the company. In my current job at Financial and Capital Market Commission I specialise in EU and national regulation.of electronic payments, e-commerce and mobile commerce.

Company

Financial and Capital Market Commission

Reaton, Ltd is a multipurpose company. It specialises in construction, reconstruction of public buildings, exclusive finishing material business, as well as dainties distribution and manufacture of wooden doors. Financial and Capital Market Commission is the financial supervisory authority in Latvia.

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