In the referral letter for this exploratory opinion the Commission makes the link between Sustainable development goals (SDGs), inclusive green economy and poverty eradication and asks to explore how, in a future framework of universally applicable SDGs, the economic, environmental and social dimension might be successfully integrated.
This exploratory opinion, requested by the Lithuanian presidency, sheds light on the specific contribution that State-owned enterprises can make to the EU's competitiveness. It pinpoints the specific challenges that exist in this area for EU policy and the European institutions. As part of its consideration of the way in which public undertakings could contribute more to the EU's economic recovery and competitiveness, the Committee has addressed the issue of Europe's Services of General Economic Interest in a number of opinions. The EESC also raises the question of the economic activities of the EU's executive agencies, wondering if they are truly independent, while their tasks and responsibilities lead them to be directly involved in socio-economic activities.
The opinion should take stock of the current situation of civil society in Serbia (legal environment, relations with the authorities, situation of social and civil dialogues) and propose recommendations for possible EU action in this field. The opinion will provide an opportunity to get the views of Serbian civil society organisations in the course of a study visit to Serbia.
The EESC welcomes initiatives to foster productive investment and the formation of long-lived tangible and intangible capital but urges the Commission to give greater attention to the need to finance more "socially useful" capital investment. If banks are likely to play a less prominent role in the future as providers of long-term financing, then opportunities may arise for other intermediaries such as national and multilateral development banks, institutional investors, sovereign funds and, crucially, bond markets. The EESC welcomes the recent recapitalisation of the EIB as this will strengthen its ability to leverage additional private investment finance and to play a stronger countercyclical role in investment funding and credit supply to SMEs.. While some Member States have embarked on special savings schemes to mobilise longer-term savings hypothecated to wider social investments, the creation of an EU or eurozone wide savings vehicle, perhaps offering an interest rate premium may be worth considering.