Small- and medium-sized enterprises (SMEs) are the beating heart of Europe’s economy, accounting for over 90% of all businesses in the EU and for more than half of its gross domestic product, whilst employing about 100 million EU workers before the pandemic.
“We really need to see a growth investment to really see the change in Europe. That hasn't happened yet,” said Statoil's EU Affairs Office Vice President Anders Marvik during the 2015 European Business Summit in Brussels.
“The circular economy is a very important matter,” said Thierry Mallet, Executive Vice-President for Group Innovation & Business Performance at Suez Environment during the 2015 European Business Summit in Brussels.
“Overall, I'm optimistic, but we have to do massive restructuring in some key markets,” said Roland Verstappen, Heineken's Global Director of Public & Governmental Affairs, during the 2015 European Business Summit.
Eurostat data is still showing debt in many Eurozone countries despite severe budget cuts and tax increases. Economic growth is a continued challenge with annual GDP growth now forecast at -0.1% in the EU and -0.4% in the euro area. For 2014, economic activity is projected to expand by just 1.4% in the EU and 1.2 % in the euro area.