Valdis Dombrovskis is the Prime Minister of the former Soviet republic Latvia. He is a member of the New Era Party and assumed office March 12, 2009.http://en.wikipedia.org/wiki/Valdis_Dombrovskis

Valdis Dombrovskis was born on August 5, 1971 in Riga, which was in the former Soviet Union but has been considered part of Latvia since December of 1991. Dombrovskis attended the University of Latvia, graduating with a degree in physics in 1993; he received a BA in economics for engineers from Riga University of Technology in 1995 and a Masters degree in physics from the University of Latvia in 1996. He is married and currently has no children.http://www.silobreaker.com/biography-for-valdis-dombrovskis-5_2262320486316769280_4

Career History

1991-1993: Laboratory assistant, Institute of Solid-State Physics, University of Latviahttp://www.silobreaker.com/biography-for-valdis-dombrovskis-5_2262320486316769280_4

1993-1995: Laboratory assistant, Department of Semiconductor Physics, University of Latviahttp://www.silobreaker.com/biography-for-valdis-dombrovskis-5_2262320486316769280_4

1995-1996: Laboratory assistant, Institute of Physics, Mainz University, Germanyhttp://www.silobreaker.com/biography-for-valdis-dombrovskis-5_2262320486316769280_4

1997: Assistant, Institute of Solid-State Physics, University of Latviahttp://www.silobreaker.com/biography-for-valdis-dombrovskis-5_2262320486316769280_4

1998: Research assistant, Faculty of Electrical Engineering, Maryland University, USAhttp://www.silobreaker.com/biography-for-valdis-dombrovskis-5_2262320486316769280_4

1998-1999: Monetary Policy Department, Bank of Latvia: macroeconomic analysthttp://www.silobreaker.com/biography-for-valdis-dombrovskis-5_2262320486316769280_4

1999-2001: Monetary Policy Department, Bank of Latvia: senior economisthttp://www.silobreaker.com/biography-for-valdis-dombrovskis-5_2262320486316769280_4

2001-2002: Monetary Policy Department, Bank of Latvia: chief economisthttp://www.silobreaker.com/biography-for-valdis-dombrovskis-5_2262320486316769280_4

2002-2004: Member of the Latvian Parliament during its eighth parliamentary termhttp://www.silobreaker.com/biography-for-valdis-dombrovskis-5_2262320486316769280_4

2002-2004: Member of the board, Jaunais Laiks partyhttp://www.silobreaker.com/biography-for-valdis-dombrovskis-5_2262320486316769280_4

2002-2004: Minister of Finance of Latvia http://www.silobreaker.com/biography-for-valdis-dombrovskis-5_2262320486316769280_4

2003-2004: Observer, Council of the European Unionhttp://www.silobreaker.com/biography-for-valdis-dombrovskis-5_2262320486316769280_4

2004-2009: Member of the European Parliamenthttp://www.silobreaker.com/biography-for-valdis-dombrovskis-5_2262320486316769280_4

Latvia's economy is teetering on the brink of bankruptcy and will likely be getting worse before it gets better. Because of the state of the economy Dombrovskis to develop and introduce measures that will aide in the countries economic recovery. Not long after his nomination for Prime Minister, Dombrovskis warned the nation that budget cuts would need to be implemented or risk certain financial collapse. It is expected that unemployment will rise through 2009 to 50%. He has already cut public salaries by 15% and then again by 20%. He also sees the need to secure a loan from the International Monetary Fund. There are those who have returned to the system of bartering as cash continues to deplete. Dombrovskis continues to spend much time in negotiation with trade unions in attempt to forstall civil unrest.http://business.timesonline.co.uk/tol/business/economics/article6473253.ece