EU – Baltic States, Financial Services, Investments, Latvia, Legislation

The Finance Ministry informed LETA that the meeting focused on general EU economic growth, and the necessity for a thought-out economic, financial, and fiscal policy, as well as the goal to implement the Investment Plan for Europe as soon as possible.

The minister also presented the main priorities Latvia will work on during its cooperation with ECON. These include competitiveness, investments, economic management, bank union, finance market regulation, and tax policy.

"Latvia, as the presiding country, will make sure that the Investment Plan for Europe is set in motion. In regard to this, we expect close cooperation with all the parties involved, and a constructive dialogue with all of our partners," Reirs emphasized.

In discussing EU's economic growth, the minister said that Europe must become more competitive in order to achieve growth. The minister explained that investments need to be increased, especially in regard to new, competitive products and services.