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Prime Minister of Lithuania and European Commission Vice-President: the importance of European Fund for Strategic Investments

Date

2015 06 11

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In Brussels, while attending the EU-CELAC (European Union – Community of Latin American and Caribbean States) Summit, Prime Minister Algirdas Butkevičius has met with European Commission Vice-President for Jobs, Growth, Investment, and Competitiveness Jyrki Katainen. The meeting discussed the Investment Plan for Europe, as proposed by President of the European Commission Jean-Claude Juncker, Energy Union, the euro stability, the Community’s economic growth prospects, and migration.

With regard to the Investment Plan for Europe, as proposed by President of the European Commission Jean-Claude Juncker, which foresees establishment of the European Fund for Strategic Investments that will be built on EUR 21 billion from the European Investment Bank as well as the EU budget, so that it could generate around EUR 315 billion of investment in 2015-2017, Prime Minister Butkevičius said that the Fund is a welcomed initiative to strengthen the Community’s economy.

“The initiative of the European Fund for Strategic Investments can have a positive impact on the economic growth and creation of jobs in Europe. Lithuania is interested to implement projects by making use of all the opportunities offered by the Fund”, said Prime Minister Butkevičius.

According to the Prime Minister, special attention should be given to the Community’s energy projects. “We support the creation of Energy Union, and we are active in pursuing projects eliminating energy islands: Klaipėda Liquefied Natural Gas (LNG) Terminal can already serve in diversifying gas market in the region, and the power links LitPolLink and NordBalt will ensure synchronisation with the Continental Europe Network. The gas interconnection Lithuania–Poland project (GIPL) is highly significant as well, and its financing issue should be settled without delay”, stressed the Prime Minister.

The Prime Minister of Lithuania and the European Commission Vice-President have also discussed immigration to the EU. European Commission Vice-President Katainen said that the EU must be ready to resolve immigration problems both in the short run, and over the long term. Prime Minister Butkevičius agreed that the EU member states must create a joint system to deal with the matter.