In 1994, he was assigned by then Prime Minister to create Latvia's Privatization Agency, while becoming the acting General Director of it.

[4] In 1995, after the parliamentary elections of 6th Saeima, political parties were incapable of creating a coalition government for a while, thus Šķēle was presented as an independent candidate for the position of Prime Minister.

During Šķēle's leadership, the government focused on a wide-scale privatization program, liberalization of land ownership laws and maintaining a balanced budget.

that Šķēle had a significant influence on the political and economic situation of the country as the role of the People's Party grew over the years.

Latvia's later Prime Ministers Aigars Kalvitis (2004-2007) and Laimdota Straujuma (2014-2016), and Maris Kucinskis (2016–2019) were members of the People's Party founded by Šķēle.

They have also managed and owned Liepāja Autobus Park (LAP) that is the leading regional passenger transportation group in Latvia.

Šķēle is currently working on the development of Riga Port City, as designed by Dutch architect Rem Koolhaas.