Photo by Nick Bolton on Unsplash New data shows that the number of bankruptcy declarations among businesses in the EU increased substantially in the fourth quarter of 2022. They were up by a huge 26.8% compared with the previous quarter and reached the highest levels since the start of the data collection in 2015. The number of bankruptcy declarations…
Photo by Jacek Dylag on Unsplash Margaret Thatcher was a great believer in privatisation. She said it was crucial for ‘reversing the corrosive and corrupting effects of socialism…. ensuring the power of the people is enhanced….and reclaiming the territory for freedom’, writes Philip Bushill-Matthews. She was equally clear that Governments were inherently inefficient at running businesses, and few…
Photo by Prateek Katyal on Unsplash The BusinessEurope SME Roadshow kicked off today in Finland’s capital city, Helsinki. Finland is the first stop in a series of events across the EU to highlight the role of small and medium-sized enterprises (SMEs) in getting out of the crisis mode in Europe. The event was organised by BusinessEurope together with its…
Photo by Todd Trapani on Unsplash The 2023 European Railway Award has been held in Brussels in a 16th edition strongly marked by current events in Ukraine and the sector’s commitment to diversity. The Rail Champion prize was presented to Ukrainian Railways (UZ) for their “remarkable resilience and continuation of transport services in times of war and unimaginable hardship.” Additionally, Eglė Šimė was recognised as…
Photo by Marissa Beletti on Unsplash This year’s European Rail Champion Award 2023 has been awarded to Ukrainian Railways. The award is made by the Association of the European Rail Supply Industry and the community of European Railway and Infrastructure Companies It aims to celebrate the achievements of inspired individuals whose bright ideas, ingenious innovations and bold policy initiatives have contributed to enhance, grow…
Photo by L N on Unsplash MEPs are pushing for the European Union to develop its own capacity for the production of semiconductor chips to keep industry running and jobs in Europe. A majority in the European Parliament’s committee on industry, research and energy improved the legislative proposal made earlier by the European Commission on the measures for…
Photo by Wesley Tingey on Unsplash The European Parliament has adopted a near-unanimous position on proposed EU legislation intended to prevent tax evasion by establishing fake companies. Some 637 members voted in favour of what has become known as the Unshell Directive and only two against, an endorsement the Parliament says gives a “uniquely strong message in support…
Photo by Immo Wegmann on Unsplash Today, 1 January 2023 Croatia adopts the euro as its currency and fully joins the Schengen area. The EU said last Friday that this “marks an important milestone” in the history of Croatia, of the euro and Schengen areas and of the EU as a whole. “It follows a period of intensive…
Photo by Viktor Forgacs on Unsplash French bank Société Générale had perhaps hoped to have heard the last of its Russian adventures when it closed its sale of its Russian business Rosbank to the Interros group, a firm linked to Russian oligarch Vladimir Potantin. The sale resulted in Société Générale taking a 3.2 billion Euro hit, according to…
Millions of construction workers risk getting cancer from asbestos exposure during the EU-wide building renovation wave, it is claimed. To better protect them, organised civil society has called for stricter exposure limits than the European Commission proposes in its amended asbestos at work directive. This call was made at the European Economic and Social Committee…
