“Juncker” Plan – Opportunities and Realization
The recent official announcement of an investment plan, known as the “Juncker” Plan, described a strategy for the achievement of an intensive investment activity in the next two years (2015 – 2017) that is to bring nearly 315 billion euros in the EU economy in the form of private/state investments. This plan sets an optimistic goal per each EU member state, including Bulgaria, since it practically gives a clear view of the economic opportunities and financing behind a series of potential investment projects crucial in national as well as international terms.
Bulgaria demonstrated its full support to the “Juncker” plan which could turn out a key factor in the economy’s revival in the next few years according to the new government. That is why the prime minister officially declared that Bulgaria will strictly adhere to the European Commission’s instructions on the project application process that is part of this strategic initiative.
The “Juncker” plan incorporates three major elements that should be in the focus of attention during the EU project preparation and application processes:
- Strategic investments fund
The goal behind this fund is the stimulation of private and public capital funds that should boost investments up to 315 billion euros in the next two years.
- Systems for recognition and acceleration of key euro projects
The idea of this element is the introduction of clear rules and procedures for prioritization of certain infrastructural, transport, energy, educational and other euro projects which accelerated realization would play a key role for the particular member state as well as the entire European Union.
- Introduction of a series of measures aiming at the removal of specific bureaucratic procedures
The third element is to create better investment conditions within the EU. Thus, it is to enhance the business environment in all member states.
The overall business strategy behind the “Juncker” plan is perceived as admirable and optimistic by the strong European economies as well as the still developing ones like Bulgaria. At the current stage of subtle economic recovery and still high unemployment levels this plan, even only in its theoretical form, has a positive impact and if realized in practice, it will certainly result in an economic and investment boost.