Latest news

04/08/2022

eus_economy_two_years_after_the_pandemic_and_the_challenges_ahead

BusinessEurope Economics Director James Watson talks about our 2022 Reform Barometer, which takes stock of the strength of the EU economy after two years of the pandemic.

19/07/2022

BusinessEurope published its new paper on “EU-China relations – Engaging with a systemic rival” coinciding with the EU-China High-Level Economic Dialogue. The paper, which should be read in conjunction with BusinessEurope’s 2020 publication “The EU and China: addressing the systemic challenge”, highlights challenges and risks in contemporary EU-China relations but also emphasises the importance of EU-China cooperation in certain areas, particularly where multilateral solutions are needed. The paper sets out policy recommendations for creating the conditions for closer cooperation with China in two specific areas: climate policy and standardisation. President Fredrik Persson said: "EU-China relations are facing considerable challenges. On trade and investment significant asymmetries remain, including a lack of reciprocity in market access and an unlevel playing field in some sectors. China’s increased assertiveness and the supply chain disruptions resulting from China’s zero-COVID policy are creating additional risk factors for companies. China is and will remain a major market for European companies, but overreliance and exposure risks should be carefully assessed”. - Read more

08/07/2022

During his first meetings in Brussels on 6-7 July as the new President of BusinessEurope, Fredrik Persson met correspondents of key European media and celebrated the start of his mandate with his two predecessors, Emma Marcegaglia and Pierre Gattaz, BusinessEurope's member federations and the enterprises of its Advisory and Support Group, key interlocutors in the EU institutions, social partners, and sister European business organisations. European Commissioner for Budget and Administration, Johannes Hahn, who joined the celebration as keynote speaker, underlined the importance of trade agreements. Persson highlighted his passion for a strong Europe, and the internal market, which is the gem of the European Union. "We live in the most troubled times in recent years but I'm an optimist and for entrepreneurs, the glass is always half full. Competitive companies are the basis for peace, prosperity, a resilient and sustainable Europe and a strong economy that provides jobs and welfare", he said. By leveraging the knowledge and innovative power that exists within European companies, and engaging in a constructive dialogue with the European Commission, the European Parliament and the Council, BusinessEurope helps to build a better Europe where all companies and all citizens can show their talent and bring their contribution to society. Watch President Persson's message

 

07/07/2022

The EU economy is facing a very difficult period. Whilst some services sectors are continuing to benefit from further reopening following COVID, many industrial sectors have seen output hit by continuing global supply chain problems and are suffering due to rising energy and raw material prices. BusinessEurope Summer 2022 Economic Outlook forecasts the EU economy to grow by 2.6% between 2021 and 2022 (a downward revision of 1.3% from our Autumn forecast). But ‘within year’ growth in 2022 is expected to be just 0.6%, raising the prospect that individual EU Member States may experience at least ‘technical recessions’ during 2022. We anticipate Euro Area inflation of 6.5% in 2022, falling to 2.6% in 2023. But this will depend upon a fall in energy prices and moderate wage increases amidst a very tight labour market. Our forecasts suggest EU growth could reach 2.1% in 2023, although there are significant downside risks to such a figure. - Read more

04/07/2022

Faced with the consequences of the war in Ukraine and an increasingly tense geopolitical situation, the Czech Republic, which has just taken its turn in holding the Presidency of the Council of the EU, will have an important role to play to put Europe back on the path to security, stability, and prosperity. There is no time and space for legal uncertainty, standard approaches, and 'business as usual' policy-making. All mid and long-term EU policy measures will need to factor in the new reality. We count on the Czech Presidency to play a key oversight role and steer the different legislative proposals it will deal with towards workable requirements for companies, BusinessEurope says in a message to Prime Minister Fiala detailing business priorities for the second half of the year. - Read more

30/06/2022

"The revision of the chemicals regulation needs to be very well calibrated and strike the right balance between the necessary ambition and the need to avoid irreversible collateral damage on our industrial landscape", Director General Markus J. Beyrer stated at BusinessEurope's conference on the upcoming revision of the EU chemicals legislation. With the participation of Martin Brudermüller, Chief Executive Officer of BASF, the debate underlined that the currently anticipated reform will go far beyond the chemical sector and affect all industries along the value chain. Together with European Commission representatives, trade unions, NGOs and industry, the conference discussed the implications of moving from a risk-based to a hazardous-based chemical policy, the interplay between the REACH and occupational safety & health legislations, and ways to make the 'essential use' concept work. The latter, Beyrer stressed, "could be a valid solution only if applied in a targeted manner, in case of unmanageable proven risks and if no acceptable alternatives exist". - Photos

04/08/2022
Reports and studies
The EU’s economy after two years of the pandemic, and the challenges ahead
19/07/2022
Position papers
EU-China: Engaging with a systemic rival
08/07/2022
Event
BusinessEurope's new President highlights priorities for a successful EU
07/07/2022
Reports and studies
Improving business environment is crucial to face rising costs and falling growth
04/07/2022
Public letters
Priorities for the Czech Presidency of the Council of the EU
30/06/2022
Event
Chemicals regulation: from European industry to society

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