Government appoints new Insolvency Administration director

The government today confirmed State Employment Agency's Deputy Director Inese Steina as the new director of the Insolvency Administration. This comes after the institution spent almost a year without its chief executive after the previous head stepped down in March 2016.

Steina told LETA earlier that, if appointed the Insolvency Administration's head, she would focus on transforming the administration into a competent institution effectively implementing the government's insolvency administration strategy. She also said she expected Saeima to continue work on updating the Insolvency Law.

"For many years I have been working as the head of various institutions that supervised and controlled the work and activities of other state institutions, companies, non-governmental organizations, which is also one of the main functions of the Insolvency Administration," said Steina.

After Saeima passes amendments to the Insolvency Law, the government will have to draft new Cabinet regulations, and implementation of new functions envisaged in the regulations will be planned in cooperation with the Insolvency Administration.

As reported, Justice Minister Dzintars Rasnacs (National Alliance) said last week that six candidates had applied for the position, and the commission found Steina to be the most suitable candidate to head the Insolvency Administration.

She has a master's degree in economics as well as work experience in the State Employment Agency and the Finance Ministry.

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