06-02-2024

Vice-Minister of Finance Vaida Česnulevičiūtė-Markevičienė: "Thanks to the Cohesion Policy, we are a safe country with a stable democracy and economy"

Vice-Minister of Finance Vaida Česnulevičiūtė-Markevičienė participated in the informal minister meeting of the European Union (EU) in Belgium, the focus of which is the strategic goals of Cohesion Policy after 2027.

According to the Vice-Minister of Finance, Cohesion Policy includes not only sources of funding, but is also a long-term strategy aimed at creating and providing conditions for a better life for all European citizens. It is very important for the EU community to start the debate on the future of Cohesion Policy now, to consider what impact global trends could have on Cohesion Policy and how it could change after 2027.

Also, according to the Vice-Minister of Finance, taking into account the geopolitical situation, more attention should be paid to regions bordering aggressor countries. This is very important in strengthening the investment climate.

"Cohesion Policy has not only national, but also long-term common goals for the entire EU: unifying the social and economic progress of EU regions, reducing development disparities, promoting green and digital transformations. A positive assessment can be made that in implementing this Policy, it is possible to respond flexibly to emerging shocks, such as russia's military aggression against Ukraine. Undoubtedly, Cohesion Policy allows Lithuania to join the space of security, stability, economic and social well-being. Therefore, we are a safe country with a stable democracy and economy", noted Vic-Minister of Finance V. Česnulevičiūtė-Markevičienė.

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At the same time, the Vice-Minister of Finance added that Ukraine's membership in the EU would be mutually beneficial both in the economic field and in terms of geopolitical security. Therefore, the Community members should be interested in Ukraine's strategic rapprochement with the EU.

According to V. Česnulevičiūtė-Markevičienė, it is important to reveal the potential of each region, its strengths, and thus create a strong economic synergy with other regions. One of the most important parts of this is human resources. It is observed that the lack of qualified workers limits the growth potential of the regions.

"In the future, economic competitiveness will depend on the ability to transform knowledge, skills and technologies into innovations and unique products or services needed by the country and the world. Therefore, Lithuania pays special attention to specialists – value creators. The mobilization of these creators is extremely important, thanks to pioneering innovations and the people who create them, we can enjoy wonderful results both in Lithuania and around the world," said the Vice-Minister of Finance.

In addition, V. Česnulevičiūtė-Markevičienė emphasized the need to ensure that different EU financing instruments do not compete with each other, but complement each other. We must preserve the uniqueness of Cohesion Policy, which is determined by partnership, and at the same time work to simplify and improve the methods of implementing this Policy.

"Simplifying the Cohesion Policy, and most importantly reducing the bureaucratic burden, means creating accessible tools so that authorities and companies can easily obtain financial resources," emphasized V. Česnulevičiūtė-Markevičienė.