Following the 2019 European election, Dombrovskis was nominated by the coalition government of Prime Minister Arturs Krišjānis Kariņš for a second term as Latvia’s European Commissioner. He subsequently decided to relinquish the seat he won in the election; he was succeeded by Inese Vaidere. Ursula von der Leyen has since proposed that Frans Timmermans, Margrethe Vestager and Dombrovskis all serve as Executive Vice-Presidents of the Commission with Dombrovskis having responsibility for an “Economy that Works for People”.

Valdis Dombrovskis is a supporter of the University of Latvia Foundation. In 2018, he donated 1,500 euros, awarding 3 one-time Valdis Dombrovskis Excellence Scholarships to Bachelor of Science students of the University of Latvia – Karina Ješkina, Ksenija Korotkaja and Rihards Rusks.

Dombrovskis served as Prime Minister of Latvia from 2009 until 2014, when he resigned. He served as Minister of Finance from 2002 to 2004 and was a Member of the European Parliament for the New Era Party. Following the resignation of Jonathan Hill, it was announced that Dombrovskis would take over the portfolio for Financial Stability, Financial Services and the Capital Markets Union from 16 July 2016.

In February 2014, Dombrovskis officially lodged his application to be the candidate of the centre-right European People’s Party (EPP) for the presidency of the European Commission; shortly after he withdrew his candidacy to endorse Jean-Claude Juncker instead. The Latvian government later nominated Dombrovskis to be the country’s European Commissioner.

Dombrovskis has been serving as European Commission Vice-President for the Euro and Social Dialogue since November 2014. From July 2016, he was also in charge of the financial services portfolio formerly overseen by British Commissioner Jonathan Hill, who resigned after the Brexit vote. In addition, he has been serving as co-chair (since 2016 alongside Petteri Orpo) of the EPP Economic and Financial Affairs Ministers Meeting]], which gathers the center-right EPP ministers ahead of meetings of the Economic and Financial Affairs Council (ECOFIN).

Dombrovskis resigned as Prime Minister on 27 November 2013 following the Zolitūde shopping centre roof collapse in which 54 people were killed. He announced that a new government is needed with strong support in the parliament after the tragedy, considering all related circumstances. His spokesman said that “the government takes political responsibility for the tragedy”. He denied the president had urged him to step down, stating that he had considered the decision for days and that the country needs government with strong support in parliament in the moment of crisis.

On 26 February 2009, following the resignation of Ivars Godmanis, President Valdis Zatlers nominated Dombrovskis to succeed Godmanis as Prime Minister. It was believed that his government would consist of three of the four previously governing parties (all but Godmanis’ LPP/LC), his own New Era Party, and a smaller right-wing party (the Civic Union); the government was approved on 12 March 2009.

Dombrovskis was also one of six Members of the European Parliament participating in the European Union’s observer mission in Togo for the October 2007 Togolese parliamentary election.

In 2002 Dombrovskis became a board member of the New Era Party. He was Minister of Finance of Latvia from 2002 to 2004 and a Member of the Latvian Parliament during its 8th parliamentary term (2002–2004). Then he was Observer at the Council of the European Union (2003–2004).

Born in Riga to a family with Polish roots (the original Polish surname is Dąbrowski), Dombrovskis earned a bachelor’s degree in economics for engineers from Riga Technical University in 1995 and a master’s degree in physics from the University of Latvia in 1996. He worked as a laboratory assistant at the Institute of Physics of the University of Mainz in Mainz, Germany, from 1995 to 1996, as an assistant at the University of Latvia’s Institute of Solid-State Physics in 1997, and as a PhD student at the A. James Clark School of Engineering at the University of Maryland, College Park for electrical engineering in 1998.

Valdis Dombrovskis (born 5 August 1971) is a Latvian politician serving as Executive Vice President of the European Commission for An Economy that Works for People since 2019. He also serves as a European Commissioner in the von der Leyen Commission as European Commissioner for Financial Stability, Financial Services and Capital Markets Union since 2016. He also held the role of Vice-President for the Euro and Social Dialogue from 2014 to 2019.