Finance Minister Alexandru Nazare will participate on Friday, 12 December, in the meeting of the Economic and Financial Affairs Council (ECOFIN), held in Brussels.
According to a press release sent to AGERPRES, the minister of Finance will attend the meeting of the finance ministers from the European People's Party (EPP) Group as well as the meeting of the Economic and Financial Affairs Council (ECOFIN).
The ECOFIN meeting will cover the European Union's main economic priorities such as the implementation of the Stability and Growth Pact, including the reports on the Excessive Deficit Procedure, for which the European Commission has announced the suspension of progress for nine states, including Romania.
Also on the agenda is the package of measures intended to remove barriers and unlock the potential of the EU single market for financial services. 'The package was published by the European Commission on 4 December this year and is a central component of the Strategy on the European Union of Economies and Investments (UEI) which aims at a more integrated, efficient and competitive financial system,' the release reads.
The meeting will also discuss the legislative package on the European single currency which includes two proposed regulations establishing the legal framework and essential elements of the digital euro, namely the digital euro regulation and the regulation on the legal tender status of euro banknotes and coins.
Also on the agenda is the legislative package on customs reform which aims to modernise and strengthen the functioning of the customs union by introducing a new EU-level customs authority, improving risk management, enhancing data use and ensuring a more coherent approach to trade facilitation.
Other topics of interest include the package of measures for supplementing public pensions, part of the EU Economies and Investments Strategy (UEI).
'The package was published on 20 November this year and includes the Communication on strengthening the capacity of the supplementary pension sector in the EU, the Recommendation on pension tracking systems, pension dashboards and automatic enrollment, the revision of the Directive on Institutions for Occupational Retirement Provision and the revision of the Regulation on the Pan-European Personal Pension Product,' the document further mentions.
Among the Minister of Finance's main priorities at this meeting will be accelerating the consolidation of the customs union, supporting the simplification of financial legislation and highlighting the progress made by Romania in maintaining budgetary discipline. Minister Nazare will reaffirm Romania's commitment to economic stability, sustainable investment and European cooperation, the document points out.
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