President Plevneliev Calls for Longterm Planning to Boost EU's Competitiveness

Addressing a high-level panel on reinvigorating growth, competitiveness and investment in Budapest, President Rosen Plevneliev said that achieving higher economic growth and promoting the competitiveness of Eastern Europe call for a common approach across the region for attracting investments. The forum took place within a European Bank for Reconstruction and Development conference on financing growth and innovation.

The Bulgarian head of state urged for long-term planning of policies which will allow the European Union to boost its competitiveness in an ever globalizing world and respond to economic crisis, political instability and social disaffection. "We should encourage trust in the EU, because this is an investment in Europe's capabilities to successfully tackle challenges as a single body," said Plevneliev.

The President called for highlighting not just setbacks but successes too achieved by Eastern European countries in the process of their European integration, noting Bulgaria's banking and financial stability and GDP growth over the past 15 years.

 

 

BTA