Vokietijos automobilių pramonės milžinei „Aumovio“ nusprendus trauktis iš Lietuvos rinkos, finansų ministras Kristupas Vaitiekūnas tai labiausiai sieja su tradicinei pramonei Europoje kylančiais…

Luxembourg's business federation, Fedil, has welcomed the EU's new 'Industrial Accelerator Act' aimed at strengthening European industry, but expressed concerns about bureaucracy, unclear rules, and the risk of protectionism.

After extensive negotiations, Brussels has adopted new 'Made-in-EU' rules aimed at strengthening European industry, particularly benefiting car manufacturers and key sectors of the energy transition.

The deregulation agenda being pushed by Germany’s chancellor and Italy’s prime minister is economically and ethically flawed When the European Union launched its green deal in 2019, putting into law the goal of climate neutrality by the middle of the century, it showed strategic foresight as well as global leadership. Russia’s war in Ukraine has starkly underlined the extent to which the continent’s energy security – and its future prosperity – is dependent on the transition away from fossil fuels. Lately, however, EU leaders’ environmental approach appears to be echoing the youthful St Augustine’s plea on chastity: make us greener, but not yet. The recent European Industry Summit in Antwerp made unusually big headlines thanks to Sir Jim Ratcliffe’s xenophobic outburst over immigration. But it was also notable for fierce attacks on one of the most important pillars of EU environmental policy. The bloc’s emissions trading system (ETS) – which makes polluters pay for the C02 they emit – has achieved dramatic results in driving down overall emissions since 2005 and encouraging green innovation. Worryingly, the German chancellor, Friedrich Merz, appeared to sympathise with demands from Sir Jim and other CEOs for a radical relaxation of the rules. Continue reading...

This headline is a question about the implications of another energy crisis for European industry.

A new plan to stimulate European industry has been positively received, though fierce discussions are anticipated regarding its implementation and specific measures.

The 2022 energy crisis, triggered by the war in Ukraine, significantly increased energy costs in Europe, weakening the competitiveness of its industry compared to the United States and Asian economies. This situation has led to discussions about whether Europe is finally beginning to protect its industry more actively.

The European Commission has unveiled measures, dubbed the 'Industrial Accelerator Act,' aimed at strengthening European industry and enabling it to better compete with China in the clean technology sector, including solar panels and wind farms.

Anna Růžičková, a security entrepreneur, states that combining European industrial production with Ukrainian agility would be a huge advantage, but emphasizes the need for government support for Ukraine to foster cooperation.