To be competitive in the world, the Baltic States shall develop their so-called smart specialisation strategies, or 3S. European Commission proposed a new set of actions to help European states “uncover” their niche areas of competitive strength, to design investment strategies based on their specific actions. Until 31 October, the states can apply for funds in two project categories.
Globalisation has brought enormous benefits to the less-developed economies of the world and many opportunities for Europeans. However, while the benefits are widely spread, the costs are often borne unevenly as the Commission’s experts highlighted. To take up the challenge of economic modernisation, the EU states need to empower its regions and help them create value. This means embracing innovation, digitisation, decarbonisation and developing people’s skills.
In July 2017, Commission proposed a new set of actions to further help European regions invest in their niche areas of competitive strength (so-called smart specialisation strategies, 3S) and generate the innovation, resilience and growth needed. Commission’s reflection paper on 3S issues see at: http://europa.eu/rapid/press-release_IP-17-1995_en.htm
Using (harnessing) globalisation benefits, the Baltic States’ regions can benefit from a new EU support in quick creating optimal (resilient) economies, corresponding industries/manufacturing sectors and other services. Baltic States and regions are invited to apply until the end of October for two Commission’s tenders; if selected, they can benefit from the EU’s financial and advisory support in transforming their economies and modernising their industries. The results of the calls will be published in early December.
