about us | newsletter | contact | archive | members area
Andreea Paun, Griffes
In 2018, we will be delivering Unirii View»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Innovation and digitisation are key to Europe's future competitiveness, industrialists say

Industry remains the backbone of the European economy, contributing more than 30 per cent of GDP growth and more than 80 per cent of private R&D spending, a report published by the European Round Table of Industrialists (ERT) shows.

2017-02-03 12:54:54

The document warns against protectionism and a rapidly increasing number of potentially trade restrictive measures. As a main conclusion of the report, innovation and digitisation, the core levers for future growth and competitiveness, require a serious rethink of national and European policies to prevent the region from falling behind.

Commenting on the report, Kurt Bock, chairman of BASF and chair of the ERT Competitiveness Working Group, said: "The European Union is a unique achievement bringing European countries closer together and improving the welfare of its citizens overall. We must not forget this and must build on the benefits of a strong Europe. However, past achievements are no guarantee of future success. New competition is on the rise, global growth expectations are decreasing and most of the growth is taking place outside Europe. To adapt to these new developments Europe must increase efforts in the field of innovation, digitisation and strive for free trade and access to foreign markets."

To boost competitiveness, ERT calls for: a) a strengthening of the internal market, by completing the Digital Single Market, the Energy Union and the Capital Markets Union; b) stimulating innovation and adoption of new technologies as the main driver of sustained economic growth in Europe. Evaluation of every legislation and policy measure with respect its impact on innovation throughout the policymaking process; c) ensuring access to foreign markets while maintaining a level playing field; d) unleashing the benefits of digitisation by investing in digital infrastructure, key technologies and skills development; supported by a robust regulatory framework, covering security in cyberspace; e) enabling start-ups to scale up by boosting entrepreneurship, access to funding and cutting red tape.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  3508 Views
Daily Info
Bucharest wants to expand its Old Town

Bucharest's Old Town, the city's historic district, will expand to include 50 other streets in the city center, Bucharest mayor Gabriela Firea. The Old Town will also include ...

American auto parts producer closes factory in Northern Romania

US auto parts producer TRW Automotive will close its wheel factory in Baia Mare, Nothern Romania.

Telekom Romania launches first loans in partnership with Alior Bank

Telekom Romania, one of the biggest local telecom groups, has launched its first two loans in partnership with Polish lender Alior Bank.

Fondul Proprietatea exits Conpet

Fondul Proprietatea, the fund managed by Franklin Templeton, has sold its minority stake in Conpet, the operator of the oil transport network in Romania.

The state of the economy is a reflection of public policy, says FIC

The Foreign Investors Council (FIC) considers that recent negative economic data which drew the attention of politicians are the result of legislation that was adopted without...

 
 
   
advertising

advertising

advertising

advertising

More on News
TransferGo: We will come to a point where money transfers will be dominated by app usage

Cash will become obsolete and this will be the result of digital finance advancement, Marius Nedelcu, Country Manager at TransferGo told The Diplomat-Bucharest.

ING Bank Romania to accelerate business development through digitization

Customers are increasingly interacting with the bank through its digital platforms and are making more card payments, according to a report issued by ING Bank Romania.

JLL Romania: 80 per cent of buildings under construction built according to international green standards

Stability and sustainability are the words that can describe the Romanian office market in 2017, according to Madalina Marinescu, Office Department consultant JLL Romania....

AFI Europe Romania: Romanian office market was exceptionally successful in 2017

The Romanian office market in 2017 was exceptionally successful, fuelled mainly by increased expansions and new entries in the IT&C, BPO sectors, as Tal Roma, Business Deve...

CW Echinox: Green certifications now a standard on the Romanian real estate market

2017 was a well-performing year for Bucharest's office market, with many new occupiers and expansions, and the delivered projects were rapidly absorbed, leading to a signif...

Great potential comes with big challenges

The residential market in Romania registered new record investments in 2017, one of its best years so far - and analysts said the trend will continue for sure this year.

Globalworth: The number of green accredited buildings continues to grow every year

Romania today is one of the few economies in Europe that had a consistent expansion over the past six years, outpacing EU average growth, Dimitris Raptis, deputy CEO and Ch...