Author: Armands Gūtmanis, Founder and Director of Amber Advisory Latvia
Latvian companies are increasingly learning to view their business development interests from a medium-term perspective, and within the European Union, this perspective is largely influenced by the country holding the presidency during a given half-year. The better a Latvian company understands the priorities of the EU presidency, the better it can anticipate the impact of EU legislation on its business.
Ireland is traditionally regarded as one of the countries that pays particular attention to economic development, the single market, innovation, and strengthening Europe’s competitiveness.
An analysis of Ireland’s policies to date and its publicly stated goals at the European level reveals five priorities that the country most frequently emphasizes in its vision for the future of the EU.
Green Transition and Energy Security
Emissions reduction targets have not been scrapped. In our dialogue with Latvian companies, we are increasingly hearing about the challenges of continuing to reduce emissions, as many of the simplest emissions reduction measures have already been implemented. We therefore urge companies to seek solutions for reducing emissions in a timely manner and to consider financing options for these measures.
Climate policy remains one of the European Union’s central priorities, and Ireland also emphasizes the need to continue the transition to a climate-neutral economy. At the same time, increasing attention is being paid to ensuring that the green transition does not harm the competitiveness of European industry.
Ireland supports the development of renewable energy sources, particularly offshore wind energy, for which the country’s geographic location offers significant advantages. Strengthening energy independence and reducing fossil fuel imports are also key priorities.
Sustainable agriculture and food production are also considered important. Ireland has traditionally been one of the strongest agricultural nations in Europe and is therefore striving to strike a balance between climate goals and the economic interests of farmers.
Strengthening Europe’s Competitiveness and Investments from EU Funds
The government is currently working intensively on the EU fund investment priorities for 2028–2034, so on behalf of our clients, we are approaching the government with proposals regarding the investment priorities that interest us. The European Commission plans to radically change the rules governing EU funds. If a company wants to attract EU fund investments in a few years, it needs to start preparing yesterday.
One of Ireland’s most important tasks is to improve the competitiveness of the European economy on a global scale. In recent years, the rapid technological development in the U.S. and China, as well as growing competition for investment and talent, have posed an ever-greater challenge.
Ireland believes that Europe needs to reduce the bureaucratic burden on businesses, simplify regulations, and create a more business-friendly environment. Particular attention is being paid to small and medium-sized enterprises, which make up the bulk of the European economy. During the presidency, a key priority will also be to further develop the single market by removing barriers to cross-border business and the provision of services.
At the same time, Ireland advocates attracting investment in high-tech sectors, artificial intelligence, the digital economy, and research to ensure that Europe does not lose ground in the global race for innovation.
Digital Transformation and Innovation
For many years now, Ireland has become a major hub for technology companies in Europe. The country is home to the European headquarters of many of the world’s largest IT companies, which is why the development of the digital economy is one of its natural priorities.
During its presidency, significant attention would be focused on the use of artificial intelligence, strengthening cybersecurity, and developing digital infrastructure. Another key objective is to promote the development of digital skills across all age groups, as the availability of a skilled workforce is becoming one of the main drivers of economic development.
Ireland also supports the secure flow of data within the European Union, while maintaining high standards of privacy and personal data protection. The advancement of digital transformation is considered an essential prerequisite for both increased business productivity and the modernization of public administration.
European Security and Stability
Geopolitical developments in recent years have significantly altered Europe’s priorities. Russia’s aggression against Ukraine, cybersecurity threats, and growing global instability are prompting a greater focus on European security.
Although Ireland has traditionally maintained military neutrality, it actively supports European cooperation in the areas of civil security, cybersecurity, and critical infrastructure protection. During the Presidency, special attention would also be given to combating disinformation, hybrid threats, and foreign influence operations.
European economic resilience is no less important. This means diversifying supply chains, ensuring access to critical raw materials, and strengthening strategic autonomy in sectors such as microchip manufacturing, pharmaceuticals, and energy.
An Open and Forward-Looking Europe
The fifth priority is the long-term development of the European Union and international cooperation. Ireland has traditionally supported open trade, strong transatlantic relations, and international cooperation.
Particular attention is paid to the EU enlargement process, supporting the reform efforts of candidate countries and their gradual integration into the European Union. At the same time, Ireland emphasizes the need to maintain unity among member states and to strengthen democratic values, the rule of law, and respect for human rights.
Cooperation with the United Kingdom following its withdrawal from the European Union is also considered a priority. Ireland is committed to maintaining stable economic and political relations, particularly given the shared border in Northern Ireland and the close ties between the two countries.
A Look into the Future
Ireland’s priorities during its presidency reflect its long-term vision of a competitive, digitally advanced, sustainable, and secure European Union. The emphasis on innovation, entrepreneurship, and strengthening the single market is combined with the goal of ensuring the green transition, energy security, and Europe’s resilience in the face of geopolitical challenges. At the same time, Ireland consistently advocates for the principles of an open economy and international cooperation, believing that only through close cooperation will Member States be able to successfully address future challenges and maintain Europe’s global competitiveness.
The Presidency of the Council of the European Union is a significant opportunity for each member state to set the agenda and advance key policy issues. The Presidency lasts six months, during which the presiding country organizes the Council’s work, seeks compromises among Member States, and represents the Council in negotiations with the European Parliament and the European Commission.
For Latvia, as for other countries, the best way to benefit from EU funds is to follow the priorities and keep abreast of changes in the fund regulations.
Sources:
- Official Program of Priorities for the Irish Presidency of the Council of the European Union (2026): Irish EU Presidency Programme – “Ní neart go cur le chéile”.
- Ireland’s Presidency of the Council of the European Union (Ireland.ie)
- Ireland’s Presidency Priorities and Policy Programme (Government of Ireland)