Baltic Assembly Committees discuss budget and economy in Tallinn

Committees of the Baltic Assembly (BA) are meeting in Tallinn today and tomorrow to focus on economic and digital challenges in the Baltic region and to discuss ways to use the COVID-19 crisis to promote regional economic growth.

Member of the BA Economics, Energy and Innovation Committee Kalvi Kõva identified the COVID-19 crisis as the focal point of the Committee. “Although the crisis had serious impact on the Baltic economies, our economic growth never fully stopped. We have done better than many other regions in the euro area,” he said.

Head of the Estonian Delegation to the Baltic Assembly Aadu Must said that another topic of the meeting would be the possible joint initiatives in the Baltic states to ensure rapid economic recovery after the COVID-19 crisis. “We will also be discussing whether the Baltic states should develop a common strategy for boosting our economy. Our goal is to use the lessons that we have learned or will learn from the crisis to enhance our economy and improve the wellbeing of our people,” Must explained.

Other topics include Industry 4.0 and Industry 5.0 in the Baltic states as well as joint activities in promoting digital and green transitions in the region, and developing joint energy infrastructure projects. The developments in the Rail Baltica project are also on the agenda of the meeting.

The BA Budget and Audit Committee is meeting today at 5 p.m. in Nordic Hotel Forum, and the Economics, Energy and Innovation Committee is meeting tomorrow at 9 a.m. in the Conference Hall of the Riigikogu.

Source: Parliament of Estonia