Republic Business’ Post

⏱ The clock is ticking.. Chambers of commerce and industry are trusted service providers and recognised interlocutors. They have literally been around for centuries. They are not prone to hyperbole or melodramatic statements. This is why the levels of concern being expressed by chamber leaders from across Europe who met in Budapest last week for the Eurochambres Presidency should be a clear wake-up call to policy-makers at EU and national level. Politicians and officials need to push in the same direction and pool resources to tackle the many obstacles that businesses across the continent encounter and provide an enabling environment. Rather than worrying about how we can raise the €800bn additional investment Mario #Draghi estimates is needed annually to drive his #competitiveness strategy, enable our 20 million+ companies to be more productive and create growth. Read more here: bit.ly/ECHNews67

What to do? Buy gold and enjoy the show)) Selection for 09.09.2024 You can find all this news on https://lnkd.in/dKjUqW_F Hungary's industrial output fell 6.4% in July compared to the same period in 2023. Unions were surprised after Audi Brussels confirmed it does not plan to build its flagship car model at its Forest plant in Brussels after 2025. More job cuts are coming as Germany's economy struggles to recover. Oil prices fall to nine-month low amid global economic uncertainty. "I start from a very red, strong red alarm, a big red alarm. The gap is growing with the US." The alarm that Enrico Letta so vividly envisages is the wake-up call he believes the European Union needs in order to see that the single market is in critical need of development in order to keep with rivals such as the USA and China, and to adapt to global geopolitical developments over the past three decades. European stock markets retreated from record highs, driven by global risk-off sentiment. Wall Street faltered following weak economic data, raising concerns that the world’s largest economy may be heading for a rapid downturn.

20 years later. Is Europe still united? Twenty years ago, the European Union experienced its largest enlargement ever, the so-called Big Bang, with the addition of 10 new member states. This enlargement included many of the countries in our region – Poland, Hungary, Czechia, Slovakia, Slovenia and the three Baltic states of Estonia, Latvia and Lithuania. The latest issue of New Eastern Europe takes a look at what was achieved and what challenges remain. https://lnkd.in/dG48aD4h New Eastern Europe

🇪🇺-🇭🇺 Let's make Europe competitive again! After 13 years, #Hungary has regained the #presidency of the Council of the European Union. There is plenty of work to be done as Europe’s #competitiveness has diminished while America and China are passing us by. Without a successful European #industry, there is no successful, influential #Europe in world #politics either. Industry development must be helped, not hindered. Hence, competitiveness is one of the most vital and central topics of the Hungarian Presidency. #MakeEuropeGreatAgain #HungarianEUPresidency https://lnkd.in/d_9MRdPV

It has been my pleasure to accompany Latvia in successfully joining the EU by supporting ✅️ the Latvian Parliament, ✅️ the European Affairs Committee, ✅️ the Legal Affairs Committee, ✅️ the Anti-Corruption Council of Ministers and ✅️ the State School of Administration for more than 3 years in the pre-accession phase in their efforts to comply with the ➡️ Copenhagen criteria and the ➡️ acquis communautaire and to prepare an investor friendly legal framework by adopting the legislation foreseen in the ➡️ White Paper on the Associated Countries of Central and Eastern Europe to Prepare for Integration in the Internal Market.

On July 28, Italian Prime Minister Giorgia Meloni held talks with Chinese Premier Li Qiang in Beijing. According to Deutsche Presse-Agentur (DPA), the two sides signed a "Three-Year Action Plan" for economic and trade cooperation. During her state visit to China, Meloni expressed hope that this agreement would reinvigorate collaboration with China. The specific details of the "Three-Year Action Plan" have not yet been disclosed. Italy's largest news agency, ANSA, reported that Meloni aims to create a more balanced trade relationship with China. Last year, Italy's trade deficit with China exceeded 40 billion euros. Additionally, Meloni addressed the imbalance in mutual investment during the seventh meeting of the China-Italy Business Council on Sunday. "Chinese investment in Italy accounts for about one-third of Italy's investment in China," she noted. The Italian Prime Minister expressed her desire to see more Chinese companies invest in Italy. Meloni arrived in Beijing on July 27 for a five-day official visit to China. This is her first visit to China since taking office in October two years ago and the first by a European leader since the 20th National Congress of the Communist Party of China. #GlobalLogistics #SupplyChain #ChinaItalyTrade #EconomicCooperation #LogisticsInnovation #Way2Logistics

Happy to share the news that our portfolio now features membership to the European Parliament's Delegation for relations with the People's Republic of China. Compete or decline have always been the two options and competitiveness is the next big thing that the European Union should learn. Successes, mistakes, potentials, weaknesses and honest conclusions are ahead of us. Then clear-cut bold decisions must end up on EU's agenda so it can pull it off. After all, the rules of global politics and economy follow Darwin's theory. #EuropeanUnion #EU #Economy #Competitiveness #China #EuropeanParliament

It has been my pleasure to contribute to the ➡️ Accession of Latvia to the European Union by actively supporting with legal advice ✅️ the Latvian Parliament, ✅️ the European Affairs Committee, ✅️ the Legal Affairs Committee, ✅️ the Anti-Corruption Council of Ministers in establishing the Anti-Corruption Bureau and ✅️the State Administration School for more than 3 years in their pre-accession phase and in their efforts to fully comply with the Copenhagen criteria and in particular with the acquis communautaire and the White Paper on the Associated Countries of Central and Eastern Europe to prepare Integration in the Internal Market. @IRZ Stiftung #Euaccession #eulaw #euexpertise

While it is still early days for the new 🇬🇧 UK Government to outline precise policies and priorities, some key parameters are already emerging: 📈 Economic Growth is the #1 Priority - Trade & Investment are central to this goal. ✅ Opportunities for International Investors - UK domestic policy will create significant opportunities, including new Industrial Strategy, Infrastructure Strategy, clean energy transition, stable business taxation and addressing challenges like planning and grid connections. 🌍 International collaboration to boost Trade - our teams around world will work to expand markets for British exporters, modernise trade rules and promote deeper trade and cooperation through WTO. 🇪🇺 Strengthening ties with Europe - we will reset relationships with our European friends and allies, cooperate on security and defence, remove unnecessary trade barriers and seek new agreements. Listening to our new Secretary of State for the Department for Business and Trade, Jonathon Reynolds, I’m excited to be part of this journey with my fantastic team British Embassy Vienna. 🇬🇧🇦🇹💥🚀

France's significance within the European Union cannot be overstated. As the second-largest contributor to the EU's GDP, its political decisions carry substantial weight. Alongside Germany and Italy, France forms a critical pillar of the EU economy, collectively contributing over half of the union's economic output. This economic influence underscores why developments in French politics, especially under Bardella's leadership, are closely watched by global markets and international policymakers...