It’s time for a new industrial order in Europe

Creation may be such an impulse new industrial order in Europe – a development model based on innovation, economic realism and well-thought-out industrial transformation. This means moving from plans and strategies to specific decisions and actions. Decarbonization, access to financing and integration in the area of ​​defense – processes that are currently changing the economic DNA of Europe – should become the driving force of the new EU strategy.

This will be an opportunity to discuss how to unleash the potential of the EU economy Competitiveness & Security Business Summitorganized by Business & Science Poland. On March 18 in Brussels, EU decision-makers, representatives of member states and business will talk about the actions needed to rebuild Europe’s competitiveness.

New challenges for Europe’s competitiveness

For years, Europe operated in a relatively stable economic environment, which no longer exists today. The world is increasingly divided into competing geopolitical and economic blocs, and access to energy, raw materials, technology and markets increasingly depends on real economic power.

The data shows growing pressure on the European economic model – regulatory burdens have increased by 42% in the last five years and many competitiveness indicators have not improved.

High energy costs and CO₂ emissions remain one of the biggest challenges. Energy prices in Europe are significantly higher than in the economies with which we compete. If this problem is not solved, Europe may gradually lose its industrial base.

Financing the economic transformation also remains a significant barrier. European companies face limited access to capital, unclear competition criteria and lack of effective support instruments for SMEs.

Priorities for the new EU industrial policy

Rebuilding the competitiveness of the EU economy requires reducing energy costs and CO₂ emissions, improving access to finance, fair international trade rules and strengthening the “Made in Europe” concept.

The EU should more actively protect its market, industrial base and technologies, using trade instruments against imports based on distorted production costs, which weaken the competitiveness of European producers.

Protecting European value chains is also crucial. It should become a standard for spending public funds, allowing foreign investments and designing EU policies. This includes, among others: using non-price criteria in public procurement, supporting industrial production in the EU and strengthening European technology suppliers.

The energy transformation should be based on a support system for industry, and not solely on cost mechanisms. It is necessary to allocate appropriate funds from the EU budget to decarbonize energy-intensive industries and ensure fair financing for all regions of the Union, including Central and Eastern Europe.

The new industrial order is the topic of the Brussels summit

Participants will discuss these challenges and directions of change Competitiveness & Security Business Summitwhich will take place on March 18 in Brussels – the day before the European Council meeting. Event, organized by Business & Science Polandis held under the slogan “New Industrial Order”. During sessions devoted to, among others, decarbonization, financing, defense and innovation, EU decision-makers, administration and business representatives will debate how to rebuild the competitiveness of the European economy. The conclusions from the March meeting may become an important starting point for further work on the concept of a new industrial order for Europe.

Dziennik Gazeta Prawna is the media patron of the event.

Event website: csbs.brussels