At a regular sitting, held on May 30, 2012, the Committee on European Affairs and Oversight of the European Funds (CEAOEF) discussed and adopted a report with a supporting statement on boosting the potential for economic growth of the EU Single Market in the context of its 20th anniversary.

In the report the Committee expresses its satisfaction with the fact that the Single Market has been identified as a key priority of the Danish Presidency and that the European Commission is taking measures designed to strengthen and consolidate the Single Market.

CEAOEF calls for joint efforts at EU level, focused on making better use of the Single Market’s untapped potential by removing the remaining obstacles before it. The statement also expresses the Committee’s concern that restrictions on the free mobility of people within the Union still exist. Furthermore, CEAOEF shares its belief that investments in the countries of Central and Eastern Europe would increase the overall competitiveness of the European Union.

The Committee reaffirms its position that national sovereignty in the matters of fiscal policy should be preserved. The report also points out that the European capital markets need additional integration and the efforts made in this realm should be intensified. CEAOEF also draws attention to the fact that the digital single market, in its capacity of a growth engine, should be further developed and improved.

The full text of the report is available at:
http://parliament.bg/pub/cW/201206051253034.Statement_EN_Single_Market.pdf