[ December 2, 2019 by Team Globsec 0 Comments ]

Policy Outcome: Techno-nationalism: Pursuit to Owning the Future

The past few years have been an indication of the fact that the extent to which a country is powerful and can assert itself or even dominate the international global order seems to be inextricably linked to the country’s abilities to innovate and/or adopt emerging technologies. Two major actors in the theatre of techno-nationalism are the United States and China. The European Union finds itself in a difficult position, being largely dependent on both parties. At this stage, what should be the expectations from the newly formed European Commission to ensure competitiveness of European tech businesses in the increasingly techno-nationalistic framework? Can the EU member-states adopt a unified front to counter the detrimental effects of trade regulations from the US and China? Moreover, what specific measures can governments of Central and Eastern European nations implement to address challenges posed by techno-nationalistic policies? These were the questions the Focus Group addressed.

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[ December 2, 2019 by Team Globsec 0 Comments ]

Policy Outcome: Sustainable Labour Force: Challenges Ahead

Higher longevity and low fertility rates jeopardize the sustainability of welfare systems and particularly of public pension schemes across Europe. There is now widespread recognition, not only amongst policy makers or politicians but also amongst the wider population, that current systems will not be able to ensure enough income for the increasing share of retired population. Nonetheless, most European systems have not adapted to the shifting demographics, with changes consisting mostly of minor increases to the statutory retirement age. These shifts in trends cannot be tackled purely from the welfare systems. Declining labour force participation rates trigger other dynamics beyond the decrease of the taxable population for pension schemes. The Focus Group addressed these issues and provided specific policy recommendations.

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[ December 2, 2019 by Team Globsec 0 Comments ]

Policy Outcome: SMEs – The Future of CEE?

Small and Medium-sized Enterprises (SMEs) account for 99% of entrepreneurial entities in the CEE and employ some 70% of labour in the region. In some respects, SMEs are already “the present” of the economic activity in the CEE, and are recognised as a vehicle driving economic expansion, social development, innovation and poverty reduction mainly due to their capacity to create jobs. The Focus Group discussion recognised this capacity and focused on several key aspects for SME’s performance, key challenges faced by SMEs (especially in the CEE countries) and key policy recommendations.

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[ November 29, 2019 by Team Globsec 0 Comments ]

Policy Outcome: Smart Taxation in a Fast-Changing Global Economy

Taxation has become a burning topic in today’s global policy context, as show the initiatives of the OECD’s Centre for Tax Policy supported by the G20. To help solve global economic challenges, support growth and at the same time taking into consideration national needs, we need a smart taxation system. The first question which comes out is: what do we mean by “smart” taxation? To answer, we must first look at what principles tax policies should consider when addressing today’s actual context and future challenges: sustainability, efficiency, fairness, transparency, predictability, enforceability and growth-enabling. The Focus Group concentrated on what are we looking for in taxation in the European Union and how to achieve that in an environment where free flow of goods, services and capital needs to be guaranteed, while ensuring social fairness.

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[ November 29, 2019 by Team Globsec 0 Comments ]

Policy Outcome: Driving Clean Mobility Financing in CEE

With three high-level roundtables of representative industry leaders, policymakers and top experts over the course of a calendar year, GLOBSEC Initiative for Sustainable Mobility has led the regional dialogue to identify a number of achievements, opportunities and barriers in the area of clean mobility development in CEE. The purpose of this report is to convey a message and set of policy recommendations to the incoming EU institutional representatives concluding the next EU budget and forging political agreement for ambitious 2030 and 2050 climate objectives and to CEE national governments finalising national energy and climate plans.

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[ November 29, 2019 by Team Globsec 0 Comments ]

Policy Outcome: Business Post-Brexit: European Competitiveness Compromised?

Regardless of whether the UK leaves or remains a part of EU’s common economic structures in some way, a new set of rules and regulations governing the relations between the two will be required. Though Brexit might present an opportunity for the UK and the EU to boost their respective business ventures, it is likely to burden international businesses with extra administrative and/or procedural costs, or worse, discouraging or preventing them from trading in one or the other entirely. This might seriously compromise the competitiveness of UK and EU businesses and indeed of the EU itself. Whether this will present a threat or an opportunity remains to be seen, but based on the Focus Group discussion held at Tatra Summit 2019, we managed to highlight several policy recommendations.

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[ November 29, 2019 by Team Globsec 0 Comments ]

Policy Outcome: Belt and Road: Challenged by a Systemic Rival?

Since its launch in 2013, Beijing has acquired an increased standing of global influence and has built an extensive network of allies and partners. This has by extension affected the EU’s international influence and rendered China a systemic rival as declared by the European Commission in March 2019. Even more vigilance is needed in relation to China’s growing sway with the EU’s smaller members, notably in Central and Eastern Europe. Against the backdrop of these developments, the Tatra Summit 2019 held a Focus Group which provided a great opportunity to have a sobering conversation among experts about Beijing’s global ambitions through the BRI, refining EU’s China strategy, and potential areas where bilateral and multilateral collaboration is viable.

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[ October 17, 2019 by Team Globsec 0 Comments ]

Top Takeaways of the GLOBSEC Tatra Summit 2019!

Inspiring, relaxed and with the aim of having a profound impact on European policy: this was the face of the 8th edition of GLOBSEC’s Tatra Summit 2019. Held in an informal and hospitable setting in the High Tatras mountains, it has become an indispensable meeting place of key governmental and European Union (EU) decision-makers, experts and top business representatives.

This year the Summit examined the topic of competitiveness from various perspectives, focusing on: cohesion, climate, innovation, international trade tensions as well as convergence. As a result of discussions at the Tatra Summit 2019, GLOBSEC will release a series of detailed policy recommendations for increasing economic competitiveness.



[ October 11, 2019 by Team Globsec 0 Comments ]

Donald Tusk’s speech on Globsec European Award

Thank you very much Mr Prime Minister for your compliments. I am not only a father but also a grandfather, time is running. My first passion was football, unfortunately I was not talented enough and that was the only reason why I became a politician.

I am very moved. Personally this is a very important moment. You know what Slovakia means to me not only as President of the European Council but also as a Pole, your friend, your neighbour.

First of all, I would like to express my warm thanks for honouring me with the Globsec European Award, at the end of my mission in Brussels. Leaving high office has its good sides. When you start your term, everyone looks at you with mistrust, and places high demands on you. In the middle of your term, they criticise you without mercy, and often do not hide their disappointment with you. By the end of your term everything changes. It’s an interesting interdependence: the number of compliments you get is in inverse proportion to the number of days left till the end of your term.

I want to believe, however, that there is more to awarding me this prize than just cordial courtesy. My sincere cooperation with Globsec, and we met for the first time many years ago, is a common continued effort to work for the integration of Europe, as well as for the strong position of the countries of our region in Europe and in the European institutions. I was a co-author of this cooperation, and also its beneficiary, because without a strong and univocal support from the Slovaks and other countries of this region, I would never have been elected twice as President of the European Council.

Frankly speaking, it was our common interest, to have at the helm of the Council someone who is an ardent supporter of the European unity, and at the same time a genuine spokesman for the countries of Central Europe; who understands their interests, emotions, history and ambitions. As well as their fears and traumas. I remember, as if it were today, our meeting in Bratislava for the opening of the Slovak Presidency. Please allow me to repeat the words I had addressed to you at the time:

“The greatness of a country is not determined by its area, the greatness of a country is not determined by its population. Today we speak of Slovakian greatness not by measuring it in square kilometres, nor based on demographic statistics, but by evaluating the results of your work, determination, patience and your wisdom.

You have demonstrated those attributes since the beginning of your indeed challenging history. Thanks to them, you have built your independence and your position in Europe. You have shown everyone what it means to be proud. You asked no favours of anyone. You didn’t want anything for free. You only demanded respect and understanding for your ambitions. Great, but justified ambitions. And today you quite rightly enjoy the respect and recognition of all Europe, of all the international community.”

I spoke in Slovak then. I try to speak in national languages, when I visit the countries of the region. That was the case in Prague, in Zagreb, in Podgorica, Skopje, Sofia, Bucharest, and also in Kiev. Because my second obsession, alongside maintaining the European unity, was to find a balance between integration and a desire for sovereignty, so evident in our countries. It is understandable that we want to enjoy our independence and national sovereignty to the full – they are still so recent. I myself dedicated my young years to the independence of my home country, and so I feel exactly what you must feel. I also know, that there will be no sovereign countries of Central Europe without a united and integrated European Union. Whoever makes use of our pride and national ambition against the idea of a United Europe, also undermines the sovereignty of our countries. Because only Europe as a whole is able to face global challenges and dangers lurking in our immediate neighbourhood.

The federalists who dream about the disappearance of national states tend to be irritating, and the naivety of some of them can even be surprising, but it is in fact the nationalists who pose a greater threat to the sovereignty of our states. This may sound like a slogan, but there will be no sovereign and independent European nations without a sovereign and integrated Europe. The history of our region is the best proof, what kind of risks arise when our continent becomes a mosaic of conflicts and antagonistic interests, where it is difficult to agree even the most general and basic principles and values.

In 2017, as a guest of Globsec, I said that I was not afraid of different European speeds or different formats of cooperation. The essence of the Union is not threatened, just because some of its members integrate more slowly or more cautiously, for instance regarding common currency or Schengen. Also, I rather see advantages than threats coming from the fact that we gather in different formats, in terms of geography or objectives, such as the V4 format, for example.

The problem is not different speeds, but different directions and destinations. Europe, or in a wider perspective, a transatlantic community, has found itself today at a political crossroads. Until recently, we had been a political and axiological community, which was integrating and enlarging, while today it is starting to disintegrate and shrink. Brexit, the withdrawal of the US from many fields, like for example its latest decision to abandon Kurds in Syria, hesitations concerning accession talks with our Balkan partners, a demonstrative disregard by some of our Member States for fundamental principles such as the rule of law – all this is a sad illustration of the same trend: of shrinking and disintegration. That is why I am appealing to the citizens and politicians of our part of Europe: Take on your shoulders the responsibility not only for yourselves and for your interests, but also for Europe as a whole, for Europe as a community.

It only depends on you whether the European Union will survive this critical time and rebuild its self-confidence and determination. One may treat the Union as a cash cow and its values with a grain of salt and reservations. Such an attitude may bring internal political benefits but it is only a very short-term game. Contemporary times demand from Central Europe maturity and strategic seriousness. We used to say of ourselves,we, the so-called “New Europeans”, that we were the hope and future of the Union. The moment is coming when history will tell us “Check!” It would be good, if our words didn’t turn out to be just a bluff. Thank you.

[ October 9, 2019 by Team Globsec 0 Comments ]

Press Release: European leaders will discuss the most pressing economic issues of Europe in the High Tatras

  • 200 selected guests from nearly 25 countries 
  • 30 exclusive speakers, 10 ministers and deputy ministers of finance and economy (guests include: Gordon Bajnai, Andrej Bertoncelj, Ladislav Kamenický, Peter Kažimír, Daniel Křetinský, Jerzy Kwieciński, Miroslav Lajčák, Margarida Marques, Wilhelm Molterer, Emma Navarro, Andreas Treichl, Tanja Vainio, Johan Van Overtveldt, and others)  
  • The Summit will host the President of the European Council, Donald Tusk 
  • Key representatives from European Investment Bank, European Bank for Reconstruction and Development and European Parliament will be present 
  • Three key topics: Green New Deal for Europe, Sustainable Finance, Leveraging the EU Budget

BRATISLAVA, 9 October 2019 – The High Tatras will become an indispensable meeting place of key governmental and EU decision makers, experts and business leaders. The 8th edition of GLOBSEC Tatra Summit will take place between 11 and 13 October. The Summit will once again reflect the current challenges of the EU and beyond in a unique and inspiring format. 

The looming shadow of Brexit over the EU, coupled with diverging views on trade policy between Brussels, Washington and Beijing, as well as increasing global economic slowdown impact the level of economic uncertainty in Europe. Despite the challenging nature of these topics, according to Róbert Vass, President of GLOBSEC: “In a world that is disrupted we cannot only react, but rather cultivate a vision that supports multi-stakeholder collaboration. It is imperative to find a way to align our goals and set a smart strategy that connects key themes including innovation, cohesion, investment, environment and security.” The upcoming Tatra Summit, organized over the weekend in the High Tatras, will serve as an engaging platform to find solutions to these challenges that affect the well-being of all European citizens. 

“Tatra Summit brings together various important stakeholders and it is an ideal platform to share our views on current issues such as state of European economy or opportunities arising from new technological trends” reiterated Slovak Minister of Finance, Ladislav Kamenický. The Summit will also reflect the gravity and urgency to address contemporary environmental issues. The CEE region is calling for a just and fair transition from fossil fuel driven industries to a low-carbon emitting technology. The financial sector must recognize and prioritize the underpinning environmental, societal and governance impact of investment strategies. Furthermore, the Summit will enable discussions among senior level decision makers on the need for predictable smart taxation policy adapted to the challenges of the digital and fast-changing global economy. 

 This year’s Tatra Summit takes place in turbulent times, in a dynamic environment, when the new European Commission and Parliament set their ambitious goals and draw their lines for the new vision for Europe. I believe Tatra Summit is a unique opportunity for the CEE political and business leaders to share their ideas, knowledge and wisdom with the European leadership and contribute very timely to the process of formulating modern vision for competitive and green Europe,” Vazil Hudák, the Vice-President of the European Investment Bank, concludes.  

Established in 2016, the annual GLOBSEC European Award will this year be presented to Donald Tusk, President of the European Council. In previous editions, the GLOBSEC European Award has been bestowed upon several exceptional personalities such as Wolfgang Schäuble, Kristalina Georgieva and José Ángel Gurría. A special recognition will be conferred to the Governor of the Slovak National Bank and Former Minister of Finance Peter Kažimír, for his extraordinary service as one of the longest serving finance ministers in the Eurozone. 

For press-related enquiries, contact: [email protected] 

More detailed information is available on the official website:  https://tatrasummit.globsec.org/ 

Európski lídri budú diskutovať o najnaliehavejších ekonomických otázkach Európy vo Vysokých Tatrách 

  • 200 vybraných hostí z 25 krajín
  • 30 exkluzívnych rečníkov, 10 ministrov a zástupcov ministrov financií a hospodárstva (medzi inými budú hosťami: Gordon Bajnai, Andrej Bertoncelj, Ladislav Kamenický, Peter Kažimír, Daniel Křetinský, Jerzy Kwieciński, Miroslav Lajčák, Margarida Marques, Wilhelm Molterer, Emma Navarro, Andreas Treichl, Donald Tusk, Tanja Vainio, Johan Van Overtveldt a ďalší)
  • Summitu sa zúčastní predseda Európskej rady Donald Tusk
  • Prítomní budú aj kľúčoví predstavitelia Európskej investičnej banky, Európskej banky pre obnovu a rozvoj či Európskeho parlamentu
  • 3 kľúčové témy: Zelená dohoda pre Európu, udržateľné financie, potenciál rozpočtu EÚ


BRATISLAVA, 9.10.2019 Vysoké Tatry sa znova stanú centrom diania. Cez víkend sa v Štrbskom Plese stretnú kľúčoví vládni predstavitelia, lídri európskych inštitúcií, odborníci a biznis lídri. Ôsmy ročník GLOBSEC Tatra Summit sa uskutoční v dňoch 11. až 13. októbra a opäť bude v jedinečnom a podnetnom formáte hľadať odpovede na súčasné výzvy, pred ktorými stojí a zvyšok sveta. 

Od Brexitu, ktorý ešte stále zamestnáva EÚ, cez rozdielny prístup k obchodnej politike medzi Bruselom, Washingtonom a Pekingom, až po spomaľujúce sa hospodárstvo. Všetky tieto témy predstavujú výzvu.Vo svete, ktorý je v zmätku, nemôžeme na problémy len reagovať. Musíme prísť s víziou a podporiť spoluprácu všetkých zainteresovaných strán. Musíme nájsť spôsob, ako zosúladiť naše ciele a stanoviť si rozumnú stratégiu, ktorá prepojí kľúčové otázky, ako sú inovácie, spoločenská súdržnosť, investície, životné prostredie a bezpečnosť.“ hovorí Róbert Vass, prezident GLOBSECu. Tatra Summit, ktorý organizuje GLOBSEC, bude tou správnou platformou na hľadanie odpovedí na tieto výzvy, ktoré ovplyvňujú kvalitu života občanov Európy. 

Tatra Summit spája rôzne dôležité zainteresované strany a je ideálnou platformou na zdieľanie našich názorov na súčasné problémy, ako je stav európskej ekonomiky alebo príležitosti vyplývajúce z technologického vývoja,“ dodáva minister financií SR Ladislav Kamenický. Summit bude takisto diskutovať o riešeniach environmentálnych výziev. Región strednej a východnej Európy požaduje spravodli transformáciu z tradičných priemyselných odvetví a fosílnych palív na nízkouhlíkovú technológiu. Je nevyhnutné, aby finančný sektor podporil a prijal posilnenie investícií pre životné prostredie, sociálne záležitosti a správu vecí verejných. Tatra Summit je tiež vynikajúcou príležitosťou na to, aby s dôležitými témami boli oboznámení tí, ktorí rozhodujú a majú možnosť ponúknuť efektívne odporúčania. Diskusie sa naviac zamerajú aj na potrebu predvídateľnosti politiky inteligentného zdaňovania prispôsobenej výzvam digitálnej doby a rýchlo sa meniaceho svetového hospodárstva. 

Tohtoročný Tatra Summit sa koná v turbulentnom období, v dynamickom prostredí, keď si nová Európska komisia a Parlament stanovili ciele a vytýčili smerovanie novej vízie pre Európu. Verím, že Tatra Summit je jedinečnou príležitosťou pre politických a biznis lídrov v strednej a východnej Európe podeliť sa o svoje nápady, vedomosti a múdrosť s európskymi predstaviteľmi a včas tak prispieť k procesu formovania modernej vízie pre konkurencieschopnú a zelenú Európu,“ uzatvára Vazil Hudák, viceprezident Európskej investičnej banky.  

Na Summite bude opäť odovzdaná Európska cena GLOBSECu. Tentokrát si ju prevezme predseda Európskej rady Donald Tusk. Európska cena GLOBSECu bola v posledných rokoch udelená viacerým výnimočným osobnostiam, ako napríklad bývalému nemeckému ministrovi financií Wolfgangovi Schäublemu, výkonnej riaditeľke Medzinárodného menového fondu Kristaline Georgievovej či generálnemu tajomníkovi OECD José Ángel Gurríovi. Osobitné ocenenie bude udelené aj guvernérovi Národnej Banky Slovenska a bývalému ministrovi financií Petrovi Kažimírovi, jednému z najdlhšie slúžiacich ministrov financií eurozóny. 

V prípade ďalších otázok, kontaktujte: [email protected]. 

Podrobnejšie informácie sú k dispozícii na oficiálnej webovej stránke: https://tatrasummit.globsec.org/