Slovakia supports the European Commission’s plan to create an EU Savings and Investments Union, which Finance Minister Ladislav Kamenický (Smer-SD) called a historic chance to boost Europe's competitiveness and economic strength. Speaking at a conference in Bratislava, Kamenický noted the global economy faces uncertainty due to trade tensions and other challenges.
He cited a 2024 Bruegel Institute report estimating Europe’s annual investment gap at €800 billion. For Slovakia, especially its export-driven economy, this is both a challenge and an opportunity. Small and medium-sized businesses in sectors like automotive and IT need better access to private investment. Kamenický stressed that a unified EU capital market would help reduce reliance on banks and support innovation-driven growth through wider non-bank financing options.
Source: TASR
