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Today the members of the Riigikogu (Parliament of Estonia) met with the Vice-President of the European Commission Jyrki Katainen. The discussion focused on the issues of the single market of the European Union, with an emphasis on the digital and energy sphere.

Chairman of the Foreign Affairs Committee of the Riigikogu Hannes Hanso said that Katainen introduced the Investment Plan of the European Commission which aims to boost the economy of the EU with 315 billion euro.

The Investment Plan contains three elements, the first of which is the deepening and widening of the single market, which includes also the single digital market. The second part is the transparent project portal, and the third part is the new risk fund or the strategic investments fund.

Hanso noted at the meeting that, from the point of view of the competitiveness of the European Union, it is important also to move on with the free trade agreement between the EU and the USA.

According to the member of the Economic Affairs Committee of the Riigikogu Maris Lauri, who participated in the meeting, it was also discussed what the European Union could do to involve more private investors from different states in its investment projects.

“It is very important that the investments programme involved as much private capital as possible, and improved the cooperation of the private and public sector,” Lauri said. “Unlike some other partners in the European Union, Estonia does not have a national investment bank, but we are all the more looking for solutions on how to use the existing systems to implement the European Union investments programme to the maximum extent.”

At today’s meeting in Tallinn, the sanctions imposed against Russia were also spoken about, and it was found that there is no reason to change the current approach until the Minsk agreements are implemented.

Members of the Riigikogu Marko Mihkelson, Andrei Novikov and Andres Herkel also took part in the meeting.

Photos of the meeting.

Riigikogu Press Service
Epp-Mare Kukemelk
Phone: +372 631 6356; +372 51 53 903
Questions: press@riigikogu.ee