Views: 65As the so-called EU’s “energy island”, the Eastern-Baltic region consists of three EU member states; it is now being connected to other EU states through recently established electricity lines in Poland (LitPol Link), Sweden (NordBalt) and Finland (Estlink 1 and Estlink 2), all built with the EU support. For historical reasons, the Baltic States’ […]
Category: Baltic States’ issues
European support for SMEs in Estonia and Lithuania
Views: 65Additional financial support is being available for micro-enterprises in Estonia and Lithuania that are facing some economic fallout due to present post-pandemic crisis. A new transaction between the European Investment Fund (EIF) and financial intermediary Finora Capital is expected to support at least 100 micro borrowers in these two countries. The long-term working capital […]
The EU states are determined to formulate their recovery and resilience plans (RRPs)
Views: 85National recovery and resilience plans (RRPs) are and will be implemented with the sufficient EU’s financial support through the European Recovery and Resilience Facility. The latter is a key instrument in the “NextGenerationEU” program, which is the European plan towards states’ stronger socio-economic recovery in the post-pandemic period. National RRPs should be duly reasoned […]
Recovery assistance to the EU states: first beneficiaries
Views: 43The REACT-EU (Recovery Assistance for Cohesion and the Territories of Europe) package is one of the largest programs under new Next Generation EU financial instrument in the amount of € 47.5 billion. The package is additional to the EU’s cohesion allocations for 2021-27, making the EU Structural and Investment Funds the highest single-policy grant […]
Food quality: the European priority
Views: 82In 2019, following a European Citizens’ Initiative, the Commission adopted a proposal for a regulation on the transparency and sustainability of the EU risk assessment in the food quality and safety; at the end of March 2021, the regulation became applicable. The regulation marks an important step towards further modernisation of the EU food […]
Reminder for the Baltic States’ recovery plans
Views: 54In September 2020, the European Commission published the Annual Sustainable Growth Strategy-2021 (ASGS-21), together with the strategic guidance for the implementation in the states of the Recovery and Resilience Facility (RRF). The ASGS-21 is a follow-up of the previous year’s strategy with four main guiding principles: sustainability, productivity, fairness and macroeconomic stability; these dimensions will […]
New European external trade policy: integration’s perspectives and realities
Views: 38The European Commission has set out a new vision of the Union’s future external trade strategy, which reflects a concept of open strategic autonomy contributing to the economic recovery through support for green and digital transformations. Besides, the strategy includes a renewed focus on strengthening global multilateralism and reforming world trade rules to ensure […]
Baltic States’ ratings in the world: sustainability, happiness and prosperity
Views: 71Among numerous indexes by international organisations and expert communities, three are the most interesting resembling places the Baltic States occupy in the world: Global Sustainable Competitiveness Index, GSCI (made on a yearly basis by a consulting company SolAbility); Global Prosperity Index, GPI (prepared by the British research center Legatum), and World Happiness Report, WHR-2020 […]
“Post-corona recovery”: Baltic States’ enhancing responsibility in priorities
Views: 55All EU states, including those in the Baltic Sea area are facing with an urgent task of discussing and adopting the “post-pandemic” socio-economic policies. The latter have to be responsive to peoples’ needs and be oriented to optimal future growth strategies. Such a task requires adequate analysis of countries’ specific sectoral priorities and re-assessment […]
EU and the Baltics: assisting in crisis
Views: 97Present EU data shows that the pandemic shock is unprecedented; and so are the EU and the states’ measures in supporting affected economy sectors. Some states, e.g. Denmark take the EU’s support seriously…