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Sunday, 06.07.2025, 23:51
European business in 2018: news for the Baltics’ entrepreneurs

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Business Europe: new
President. In May 2018, the Council of Presidents of BusinessEurope unanimously elected Pierre Gattaz, the President of the French business federation
MEDEF and CEO of Radiall, to succeed Emma Marcegaglia as President of
BusinessEurope from 5 July 2018. He is elected for a period of two years,
renewable once.
Pierre Gattaz is a successful entrepreneur with experience
in a national member federation and in internationally with such forums as
global business B-7 and B-20. He promised to fulfill the expectations of the 39
member federations of BusinessEurope at a turning point in the global economic
order. BusinessEurope will contribute to increasing employment and growth
across Europe while combating protectionism.
https://www.businesseurope.eu/publications/businesseurope-headlines-no-2018-19/#gattaz
European Business
Summit (Brussels, May 2018). Although the multilateral trading system is
under constant pressure, European business will remain committed to
international rules and an ambitious trade agenda that promotes market
diversification concluded the European Business Summit in Brussels. As to the new
trade opportunities, the World Trade Organisation (WTO) has found itself at
cross-roads where its members would have to take some difficult decisions on
the way forward, though the present situation presented some opportunities to
fix a number of important issues that have accumulated over time. WTO members
are divided on how to take international economic cooperation forward.
However, China’s Belt and Road Initiative (BRI) has become both
an example of economic opportunity and of a risk of undermining international
rules and norms. Summit participants underlined that based on statistics European
companies are very cautious and scared to be involved in BRI projects presently.
In order to make this a truly open initiative for the EU business, China should
embrace international rules on financing, as well as more transparency on how
to get involved, and abide by key principles on public procurement to allow
companies to compete on a level playing field.
The EU’s trade agenda shows furthermore that advancing
bilateral agreements with key partners such as Japan, with market
liberalisation, strong rules on procurement, intellectual property protection,
and the removal of non-tariff measures, the EU will be able to work with
like-minded partners to create stepping stones to eventually strengthen the
multilateral trading system.
Benefits of the EU-Japan free trade agreement, as well as
agreements with other global states, are supposed to be great for European
business.
Brussels Economic Forum brings together European and
international policymakers, opinion leaders, academics, civil society and
business leaders to debate hot economic topics and share new perspectives on
Europe's economic challenges. In 2018 -during 9 days in Brussels in June –the EUBEF-18 focused
on the future of the European
Economy in an era of digital disruption. The debate included the
following issues:
- What
is the future of work in
a digital economy?
- What financial system for a
deeper EMU in a digital era?
- The future of EMU: towards more
resilience and convergence
Source: http://ec.europa.eu/economy_finance/bef2018/
Taxation policy. "There
needs to be a greater focus on supporting growth and investment in the
development of EU tax policy”. This was the K. Andersson’s key message as a chairperson
of BusinessEurope’s Tax Policy Group, at the European Business Summit (May
2018, Brussels) in a panel session “EU Taxation Policy: which impact on EU's
attractiveness and competitiveness?" On the specific issue of digital tax,
Andersson noted that an agreement on the issue is needed at international level
through the OECD first, before implementation at EU-level.
Company law. For
decades European companies have been asking for clearer procedures to allow
them to fully exercise their freedom of establishment in the EU. The recent
company law package could be an opportunity to fill this gap.
This proposal should be seen as an enabler to entrepreneurs
across the EU willing to take the step and expand their business abroad.
Although safeguards will be necessary to respect acquired rights of
shareholders, creditors or employees, the proposal should not be seen as a
panacea to pursue objectives which would be better achieved either by better
enforcement or by actions in areas of EU law (e.g. tax, labour, etc.).
These messages have been voiced by Joëlle Simon, Vice-Chair
of the BusinessEurope Legal Affairs Committee at a Socialists & Democrats
Group hearing in the European Parliament on the EU Company Law Package in May
2018.
Source: http://www.europarl.europa.eu/european-youth-event/en/home/home.html