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The issue of access to capital was discussed at the BusinessEurope EXCO meeting

2023 10 31

The issue of access to capital within the European Union’s (EU) common market poses significant challenges. On October 26th, during the Executive Committee (EXCO) meeting of the European business organization ‘BusinessEurope’ in Brussels, representatives of the Lithuanian Confederation of Industrialists (LPK) raised a very pressing issue for the entire Lithuanian industry – the matter of capital accessibility under the conditions of a unified EU financial market.

Responding to the LPK representative’s query about his perspective on this issue, Enrico Letta, to whom the European Council has entrusted the evaluation of the future of the EU common market (requested by the European Council in June), acknowledged that this is an especially acute problem. E. Letta sees an urgent need to convene discussions not only with financial system representatives but also to engage in comprehensive dialogues with the business sector. According to him, the business perspective and how it perceives the shortcomings of the EU common financial market and the challenges it faces in its daily operations are more crucial than ever.

According to Vidmantas Janulevičius, the President of LPK, now is indeed the right time for Lithuanian businesses to respond to the invitation from E. Letta and other high-level representatives preparing a report on the future of the common market

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