Lithuanian President Gitanas Nausėda is set to participate in an important informal European Union meeting where leaders will focus on the competitiveness of the EU in light of current geopolitical challenges. The meeting, which will take place at the historic Alden Biesen Castle, will feature a keynote address by former European Central Bank head Mario Draghi, who will discuss the effects of the shifting geopolitical and geo-economic landscape on EU competitiveness.

The agenda highlights the need for EU leaders to tackle barriers to competitiveness, reinforce the EU economy within the current geo-economic environment, and enhance the resilience of the single market. As global economic competition intensifies, discussions will also center around identifying appropriate positions the EU should adopt to respond effectively to economic coercion and reduce dependency, particularly in critical areas such as vital raw materials and technology.

Former Italian Prime Minister Enrico Letta will contribute his insights during a working session, providing an additional perspective on the economic challenges facing the EU. This meeting underscores the urgency for European leaders to collaborate on strengthening the Union's economic foundations and overcoming obstacles that limit its competitiveness on the global stage.