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- Ελληνικά
The European Parliament Week, co-organised by the European Parliament (EP) and the current Belgian Presidency of the Council of the European Union (EU), continues and concludes today in Brussels.
The first plenary session focused on strategic investments and reforms to boost the EU's growth potential. Councillor Savia Orphanidou, Member of the Parliamentary Committee on Finance and Budget, made the following intervention:
"Strategic investments and reforms are equally important for strengthening the Union's growth potential, especially in the light of rapid technological transformation and geopolitical developments. In this context, incentivising reforms by linking financing to the implementation of the necessary reforms and intensifying efforts to create an environment conducive to the development of entrepreneurship is crucial. Streamlining regulatory frameworks and removing bureaucratic barriers to investment by simplifying permitting procedures for strategic infrastructure projects is also crucial.
Currently, the Member States of the Union need to accelerate the pace of implementation of their reform programmes in the framework of their National Recovery and Resilience Plans in order to effectively address their inherent weaknesses, while strengthening the resilience and competitiveness of their economies
Dear Colleagues,
Successive crises have highlighted the urgent need to strengthen the Union's investment in critical raw materials development infrastructure in order to ensure the Union's economic security and resilience by diversifying its sources of supply and eliminating its dependence on third countries.
The EU should prioritise its strategic investments not only in economic sectors that have direct returns, but primarily in economic sectors that lay a solid foundation for sustainable and inclusive growth. Boosting investment in research and innovation development and in the modernisation and expansion of sustainable transport, energy and digital infrastructure networks is also crucial to strengthening the Union's global competitiveness and connectivity.
In conclusion, I would like to stress that the Union's strategic investments must be aimed at ensuring a prosperous and promising future for all European citizens. Implementing the principles of the circular economy and investing in the development of cross-border energy infrastructure, green technologies, energy storage infrastructure, sustainable transport and renewable energy sources must be at the core of the Union's strategic investments, as they are the guarantees for sustainable and inclusive growth on the one hand and for mitigating the effects of climate change on the other.
(Text as sent by the House of Representatives)
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