“Okay!” Announces the President of the Council of the EU Cap. Michelis

Complemented by comments from EU leaders

“Okay!” Wrote Charles Michel, President of the European Council, on Twitter.

The decision to provide assistance to the countries affected by coronavir of a total of 750 billion euros was approved in Brussels. Lending in euros is a historic step towards deeper fiscal integration in the EU.

EU leaders also approved an EU budget of more than € 1 trillion for 2021-2027.

VŽ wrote that according to the latest proposal submitted by Ch. Michel, the subsidies to members of the European Union (EU) of this fund would be 390 billion. EUR instead of 500 billion euros. Eur, as previously proposed. Another 360 billion. Eur would be disbursed in the form of low-interest loans.

“We did it! Europe is strong. Europe is united,” said Ursula von der Leyen, President of the European Commission, at a joint press conference with Ch. Micheliu

According to her, the EU is often accused of doing “too little and too late”. This time, such reproach is not appropriate.

“We negotiated for four long days and nights, over 90 hours. It was worth it,” said the president of the European Commission.

German Chancellor Angela Merkel is “very pleased” with the agreement and, at a joint press conference with French President Emmanuel Macron, welcomed the agreement reached by EU leaders, Politico said.

The French President welcomed the creation of a mechanism to increase general debt.

“I would like us to measure the distance we have covered in two months … We have been able to reach an agreement in two months,” said Macron, who called the agreement reached by the EU Council a “historic change for Europe and the euro area. “

Payments to agriculture will increase for Lithuania

During the negotiations on the EU budget, the Baltic states managed to obtain higher direct payments to farmers. Payments to Lithuanian farmers will increase from the current € 177 per ha to € 200 per ha in 2022.

Lithuanian President G. Nausėda noted that increased support for agriculture is the Baltic States’ most important achievement, which will help ensure a more level playing field in Europe.

“We will not close this gap 100% just yet, but we will take a big step forward.” I am glad that my promise that we will fight for 196 euros per ha becomes even 200 euros per ha “, – said G. Naus circulated in the comment distributed on Tuesday night.

“Direct payments can be seen in one way or another, but they are part of the common agricultural policy and, as an economist, I attach great importance to a level playing field,” he said.

“If farmers in some countries have the opportunity to receive, for example, one hundred euros per hectare more direct payments than Lithuanian farmers, then in my opinion there are unequal conditions of competition and this must be fought,” added G. Nausėda .

G. Nausėda: a unique opportunity to invest in modernization

Lithuanian President Gitanas Nausėda noted that the EU’s multi-annual budget will allow the implementation of the development path of the Welfare State.

“In the negotiations, I tried to ensure adequate EU funding for innovation and green goals, both from traditional policies, cohesion and agricultural policies, and from the emerging EU recovery and resilience instrument,” he said.

The report of the Presidency of the Republic of Lithuania highlights that, compared to the previous financial perspective, in 2021-2027. Lithuania managed to negotiate 1.7 billion. EUR more, and the total amount of EU funds allocated to Lithuania amounts to 14,500 million. EUR. Lithuania will return 4 euros of EU aid to the EU budget for every euro paid.

“This is a unique opportunity for Lithuania to invest in modernizing the state and the future for all of us,” said the president.

In the negotiations on the EU’s multiannual financial perspective, Lithuania focused on financing cohesion and agricultural policy. LTL 6.2 billion has been allocated to Lithuania for the implementation of the cohesion policy. EUR. “It is especially important to note that the issue that we have constantly raised about the impact of the declining population of Lithuania on the development of the country’s economy has been taken into account,” said the president.

A total of € 5 billion will be allocated to agricultural financing. EUR. The President stressed that the good news is that, compared to the previous financial perspective, more than 400 million euros have been allocated. EUR for direct payments. This will speed up the process of ensuring a level playing field for Lithuanian farmers in the EU internal market.

The EU has contributed 490 million euros. € 189 million for the closure project of the Ignalina nuclear power plant and for the implementation of the Kaliningrad special transit scheme. Eur financing.

The President emphasized that the EU budget had allocated an additional LTL 1.4 billion for the development of Rail Baltica. Amount in euros. Lithuania’s efforts have kept the focus on military mobility, for which $ 1.5 billion has been allocated. Eur financing.

The Lithuanian president said that the leaders of the EU member states had agreed on a unified EU response to the health, social and economic crisis caused by the pandemic. To this end, the EU Resuscitation and Resilience Fund is being established, in which 2.4 billion LTL has been allocated to Lithuania. EUR. These funds will be used for economic recovery, the implementation of structural reforms, innovations, digitization and the Lithuanian Green Course. The Fair Transition Fund allocates 243 million for the fight against climate change. Eur for those regions that will face the greatest challenges in this area.

The President noted that, if necessary, Lithuania could also borrow from the Recovery and Resilience Fund up to 4.7% of Lithuania’s GDP or 2.2 billion. Eur to implement reforms.

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