Latvia's Ministry of Finance published a briefing on Latvia’s participation in the Eurogroup and informal EU Economic and Financial Affairs Council (ECOFIN) meetings in Copenhagen on 19–20 September 2025, outlining the agenda and Latvia’s policy priorities. Latvia will be represented by Finance Minister Arvils Ašeradens, Deputy State Secretary for Financial Policy Līga Kļaviņa and the Governor of Latvijas Banka, Mārtiņš Kazāks. Eurogroup ministers are set to discuss the work programme through June 2026, with priorities including fiscal and economic policy coordination, development of the euro as an international and digital currency, and strengthening Economic and Monetary Union competitiveness. The agenda also covers the economic outlook amid geopolitical tensions, tariffs and inflation pressures, with the International Monetary Fund projecting 3% global growth in 2025, 0.2 percentage points above its April estimate; the ministry highlights, for Latvia, the challenge of increasing defence spending while preserving a balanced budget and debt sustainability, including the need for flexibility in EU fiscal rules for defence financing. In expanded format, the Eurogroup will review the state of play on the digital euro, including work on a compensation model, distribution and usability outside the euro area, alongside European Central Bank and Eurosystem technical preparation work due to conclude in October 2025. The informal ECOFIN will address EU simplification initiatives aimed at cutting administrative burdens on businesses by at least 25% by 2029, possible simplification of financial regulation while maintaining stability and capital and liquidity requirements, and the review of existing and future rulemaking including Omnibus packages, alongside discussions on structural reforms across labour markets, fiscal policy, business regulation, innovation, credit and capital markets, and governance.

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