Establishment of a hazardous waste management system is one of the most important stages in the development of the total waste managenent system in Latvia as one of the priorities of environment protection at present. Ecological position in the state being indicatively reflected on the quality of natural resources and labour force influences well-being directly. Hazardous waste presents particular threats to human health and ecosystems immediately or over an extended period of time. Introduction of new technologies and equipment, transition to the use of less hazardous or cleaner raw materials, establishment of a system of incentives for the minimisation of waste generation are the best applicable instruments in hazardous waste management. The most important stage in the estabilishment of hazardous waste managenent system is working out the economical approaches for measurement of hazardous waste’s parameters insuring adequate planning of financing.