Romania's President Klaus Iohannis will participate, November 7-8, in the fifth Summit of the European Political Community (EPC) and in an informal European summit that will take place in Budapest, Hungary, the Presidential Administration reported on Wednesday.The European Political Community is an intergovernmental forum for political and strategic discussions about the future of Europe."The EPC Summit in Budapest will include a plenary session, where discussions will focus on the security challenges facing Europe, with emphasis on the situation in Ukraine, and roundtable conferences where leaders will address specific topics of shared interest, such as migration and economic security. During the debates, President Klaus Iohannis will reiterate the need for a united and firm position of the leaders regarding the security situation in the region, as well as continuation of support for Ukraine's sovereignty, independence and territorial integrity amidst Russia's war of aggression."Iohannis will also attend a roundtable conference touching on migration, where he is expected to plead for finding illegal migration management solutions at European level in the short term, but also through a more comprehensive long-term approach, which will allow greater cohesion and efficiency at European level in addressing the issue.The informal meeting of the European Council, hosted in Budapest by the Hungarian Presidency of the Council of the European Union, includes an in-depth debate on European competitiveness, a priority on the EU agenda in the coming years."EU leaders aim to adopt a political declaration on a new European pact for competitiveness to guide the work of the European institutions in the field, given the urgency to act decisively at EU level in addressing the current challenges. During the debates, the President of Romania will underline the major role of cohesion and convergence as instruments for achieving the European Union's competitiveness objectives. He will also plead for the elimination of all barriers on the single market and for the full assurance of freedom of movement on all its components," according to the Presidential Administration.