Ljubljana – European Commissioner for Financial Services Maria Luis Albuquerque underscored the significance of a cohesive strategy and the awareness of the many advantages of a unified European capital market during her recent two-day visit to Slovenia. Slovenian Finance Minister Klemen Boštjančič noted that the European Commission’s stance on capital market development is appropriate and beneficial for Slovenia.
Boštjančič stated that enhancing capital markets is a priority for Slovenia, as the existing financial resources are insufficient to meet all demands, an observation he made during a media briefing at the conference aimed at fostering the growth of European capital markets in Ljubljana, hosted by the Ministry of Finance.
“As a banking-centric economy, Slovenia is missing numerous opportunities presented by the capital market, which is why the government has prioritized this sector from the onset of its term,” he stated.
He pointed out several initiatives, including the capital market development strategy adopted in 2023, which has been actively pursued since its inception. A recent advancement in this field is the law on individual investment accounts, enacted in June, which introduced a new avenue for long-term personal savings.
He remarked that the European Commission’s objectives in this domain align seamlessly with Slovenia’s priorities, a sentiment echoed by Commissioner Albuquerque. “This is a collaborative endeavor. The savings and investment union aims to benefit all citizens and businesses across Europe,” she asserted.
She emphasized that the EU’s success in this area hinges on the solidarity of its member states, and that support must extend beyond policymakers to other stakeholders as well. During a round table at the conference, she called for increased connectivity and mutual understanding that what benefits the union overall is also advantageous for each individual member state.
“The establishment of a single capital market presents vast opportunities from which every EU citizen can gain,” she concluded. (September 23)
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