2026-02-12 11:14
publication
2026-02-12 11:14
On Thursday, the head of the European Council, Antonio Costa, presented the four main priorities for the EU's economic development ahead of the informal EU summit. He emphasized the need to deepen the EU single market, support European companies, pursue an active trade policy and increase public and private investments.
On Thursday, EU leaders will discuss the competitiveness of the EU economy during the informal summit of the European Council, which will be held at the Alden Biesen castle in Belgium. – Today's meeting is devoted to competitiveness. Our clear priority is to strengthen economic growth in Europe, said the head of the European Council before the start of the meeting, adding that Mario Draghi and Enrico Letta – authors of reports on the competitiveness of the EU economy – will also participate in the meeting.
Costa stressed that a strong EU economy is essential for prosperity, creating high-quality jobs and maintaining the European economic and social model.
The politician will replaceł four main priorities for the economic development of the Union.
– Firstlywe must deepen and complete our single market, including removing internal and bureaucratic barriers, he said.
The second one the priority mentioned by the Portuguese was to increase the scale of operations of EU companies. – For this purpose, we need one dynamic capital market that will support our small and medium-sized enterprises and start-ups in developing, investing in innovation and modernizing our economy – explained Costa. He added that large enterprises also need to be developed, because the EU needs strong companies to compete on the global market.
The Head of the Council noted that third The priority in the geoeconomic context is to continue a proactive trade policy and protect EU businesses from unfair competition and economic coercion and enable them to continue operating.
– And finally fourthlywe need to invest more and better. This is, of course, about public and private investments, Costa said, adding that as far as the former is concerned, they will be discussed during the discussion on the next multi-annual EU budget. – Today, our priority is to unlock private investments, mobilize savings to invest in our enterprises and create a more dynamic and vibrant ecosystem for investments – declared the head of the European Council.
With Alden Biesen Jowita Kiwnik Pargana (PAP)
jowi/ rtt/
