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On July 17–18, in Copenhagen, Denmark, the Parliamentary Secretary of the Ministry of Economics, Jurģis Miezainis, and Deputy State Secretary Edijs Šaicāns participated in the informal meeting of the Competitiveness Council of the European Union (EU), where they expressed Latvia’s position on various issues.
They took part in discussions on mobilizing private financing, unlocking the potential of quantum technologies in relation to competitiveness and security, and ensuring competitiveness in the clean energy sector.
A stable and predictable investment environment is essential for the EU’s competitiveness and innovation development. To promote risk and growth investments, a business-friendly regulatory framework and targeted investment instruments — such as Horizon Europe and InvestEU — are necessary. Cohesion initiatives must be strengthened to ensure equal access to EU instruments for all Member States.
Regarding the activation of private investments, reduction of bureaucracy, development of capital markets, and cooperation with third-country investors, Latvia supports initiatives that accelerate the implementation of strategic projects through simplified permitting procedures and promote public–private partnerships that also help attract investment from third countries.
"Our priorities include simple administrative procedures, access to finance, high-quality human capital, and the creation of an EU-level platform for attracting innovation and investors," emphasized Jurģis Miezainis, Parliamentary Secretary of the Ministry of Economics.
Quantum technologies are strategically important for the EU’s competitiveness, security, and innovation. In order for Europe not to lose ground.