V. Šapoka at the European Business Summit – About the Vision for the Future of Europe

Date

2019 05 06

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On Monday, Minister of Finance Vilius Šapoka attended the European Business Summit in Brussels where discussed about the vision for the future of the EU and its priorities with the Danish Minister of Finance Kristian Jensen.

The discussion focused on topics such as the EU future priorities, including the deepening of the EU Economic and Monetary Union, establishment of the Capital Markets Union, Fintech development, 2021–2027 EU Multiannual Financial Framework and other issues.

“We seek a strong, competitive, innovative and future investing union. It is important not only to look in one direction, but also to stand by agreed decisions“, says Minister of Finance V. Šapoka.

At the European Business Summit the business leaders and policy-makers heard the presentation by V. Šapoka about Lithuania’s achievements in developing Fintech innovations and the ambition to become one of the most attractive jurisdictions of financial services in Europe: supporting infrastructure, programmes for promotion of innovative activities of financial institutions, effective payment and e-money licensing process.

According to V. Šapoka, Fintech development also significantly affects the establishment of a single Capital Markets Union. In his view, Lithuania always supported this initiative which is important in exploiting the possibilities offered by the single market. 

During the meeting the Ministers of Finance also discussed the 2021–2027 EU Multiannual Financial Framework. According to the Minister, an ambitious EU agenda for the future requires adequate financial resources.

The European Business Summit is one of the biggest and prestigious annual events taking place in Brussels.  The event brings together about 2,000 participants from all over the world – business leaders, diplomats, leaders of international organisations. During the meeting the participants discuss the biggest challenges for Europe, economic governance, future for the euro area.