The chair of the meeting Mrs Dana Reizniece-Ozola, Latvian Minister for Economics, underlined that "there is no time to waste if Europe wants to be leading the digital revolution and enhance competitiveness. This requires a number of key actions such as removing artificial hurdles that prevent our companies and citizens from benefitting fully and on an equal basis from the single market. It is also crucial to create the basis for a solid framework for investment. Both conditions match the spirit and main focus of the Latvian presidency to achieve a digital competitive Europe".
Ministers discussed the digital transformation of the industry, wider use of digital tools and encouragement of digital entrepreneurship. The outcome of the discussion will provide with a valuable contribution to the upcoming digital single market strategy.
Following a debate, ministers outlined the main elements to create simpler, better and more predictable rules to facilitate investments. The purpose is to implement the proposed new investment plan for Europe, which is expected to mobilise at least €315 billion of additional investment over the next three years.