President of the Republic of Lithuania President of the Republic of Lithuania

At their virtual meeting, European leaders placed special focus on economic recovery and digital transition

2021-03-25

In the second half of their meeting, European leaders discussed the single market and the strategy for economic recovery after the pandemic.

Speaking about the internal market, the President pointed out that it was necessary to use its full potential, continue its development and remove barriers to trade, especially in the field of services. Gitanas Nausėda also touched on the issue of the mobility package and stressed the need to pay more attention to environmental impact assessment.

Leaders focused on building the EU's digital single market. The President underlined the importance of digital infrastructure and digital skills, open public data and global standards.

The President highlighted the need to increase the competitiveness of the digital sector, while maintaining an open internal market and international cooperation.

Leaders also discussed issues related to economic recovery, strong fiscal response, resilience of financial markets and their sustainable development, capital markets and banking unions, as well as the digital euro project.

The President noted that completing the banking and capital market unions was critical for European economic recovery, resilience and competitiveness. “Lithuania’s experience in digital and green finance shows that these sectors can contribute to high added value and job creation,” the President said.   

The President‘s Communication Group

Last updated 2021.03.26 08:13

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