Vice President Valdis Dombrovskis today announced his bid to stay in Brussels for another five years to serve as either an MEP or for another term as Latvia’s commissioner.

The Latvian launched his campaign as head of the list for his party New Unity in the European parliamentary election in May, while hinting at a bid to take over the Commission’s economic and financial affairs portfolio.

Speaking to POLITICO, Dombrovskis said he will run under the European People’s Party banner and is “ready to support Manfred Weber in his bid to become the new European Commission president.”

Dombrovskis’ current term as the Commission’s czar for financial services technically ends on October 31.

Running as an MEP does not hamper Dombrovskis’ bid for a second stint as Latvia’s commissioner in November, he said.

“That’s what we currently are working on,” he said. “I have the full support from New Unity but of course, it will be a discussion in [Latvia’s] coalition and government.”

It’s unlikely that Dombrovskis would keep his current portfolio in the next Commission. Returning commissioners usually rotate out of their previous roles.

“My intention would be to work in the area of economy or finance,” he said.

Asked if that means he’d prefer to take over the Commission’s department for economic and financial affairs — currently headed by French Commissioner Pierre Moscovici, who is expected to head back home — he said: “I’m vice president for euro and social dialogue, so that means close work with ECFIN.”

“It is not a question for me, but for the new president of the European Commission,” he said.

The Latvian said he is thankful to “the colleagues of [Latvian party] New Unity for entrusting me with the leader’s position.”

If successfully elected as an MEP, Dombrovskis said he “could expect to work in the committee on economic and monetary affairs [and/or] budgets’ committee.”