Conclusions on tackling bottlenecks to investment identified under the Third Pillar of the Investment Plan
The Council adopted conclusions taking stock of work aimed at removing barriers to investment.
The Economic Policy Committee has held thematic discussions on the subject, and the conclusions address a number of bottlenecks that have been identified.
The Council called for action at both EU and member state levels. It asked the EPC to undertake further work, drawing on the experience of the European Investment Bank.
In particular, it called on the Commission to take account of investment bottlenecks in its recommendations under the European Semester, the EU's annual policy monitoring process.
It called on the member states to fully implement the investment-related aspects of the 2016 country-specific recommendations.
The EPC's discussions have covered seven themes:
public investment in transport infrastructure;
best practices with public-private partnerships;
investment in network industries;
price regulations and environmentally harmful subsidies on energy markets;
residential investment in energy efficiency and renewable energies;
investment in digital services.
The work is closely linked to the EU's plan to develop a capital markets union by the end of 2019.
The member states will be responsible for following up information that has been gathered.