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28 October 2010

Industry for Europe - Europe for industry
Industry for Europe - Europe for industry

Industry must be placed centre stage if Europe is to remain a global economic leader. This is the core message of the Communication on "An integrated industrial policy for the globalisation era" adopted by the European Commission today on the initiative of Vice-President Antonio Tajani. The Communication, a flagship initiative of the Europe 2020 strategy, sets out a strategy that aims to boost growth and jobs by maintaining and supporting a strong, diversified and competitive industrial base in Europe offering well-paid jobs while becoming less carbon intensive.


In this era of intensifying globalisation, the concept of national sectors and industries is obsolete. Coordinated European policy responses are needed. Europe also needs an approach that looks at the whole value chain, from infrastructure and raw materials to after-sales service. Promoting the creation and growth of small and medium-sized enterprises has to be at the core of EU industrial policy. Moreover, the transition to a sustainable economy has to be seized as an opportunity to strengthen competitiveness.

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Vice-President

Antonio Tajani

Commissioner for Industry and Entrepreneurship

"Industry is at the heart of Europe and indispensable for finding solutions to the challenges of our society, today and in the future. Europe needs industry and industry needs Europe. We must tap into the full potential of the Single Market, its 500 million consumers and its 20 million entrepreneurs."

Vice-President A. Tajani website

Vice-President Antonio Tajani - Commissioner for Enterprise & Industry
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Commission welcomes European Parliament approval for new rules against late payment

 
Commission welcomes European Parliament approval for new rules against late payment

European Commission Vice-President Antonio Tajani welcomed the European Parliament vote on 20th October in favour of a new directive on combating late payment in commercial transactions. The directive will give better protection to creditors, in most cases SMEs, while respecting the freedom of contract. Public authorities will have to pay within 30 days, or else pay an interest rate of 8%. This measure is expected to result in an extra EUR 180 billion of liquidity being available to businesses.

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Galileo: signature of major contract leading to initial services in 2014

 
Galileo: signature of major contract leading to initial services in 2014

24.10.2010: The European Commission announced the signing of a fourth contract, out of a total of six, for the procurement of full operations capability for Galileo, Europe�s global navigation satellite programme. The contract has been awarded to SpaceOpal GmbH - a joint venture created by DLR GfR (Germany) and Telespazio S.p.A (Italy) - for the operations of the space and ground infrastructure This will lead to the initial deployment and service provision of Galileo in 2014.

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Access of SMEs to external financing has improved

 
Access of SMEs to external financing has improved

The overall situation concerning the access of SMEs to external financing has improved at the euro area level. Between March and September 2010 the proportion of SMEs reporting a worsening in access to bank loans, at 24%, almost halved compared to the previous survey, when it stood at 42%. At the same time, 12% of SMEs reported an improvement in access to bank loans, compared with 10% in the previous round. See Joint ECB/European Commission report.

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European Commission sets out plans to strengthen the Single Market

 
European Commission sets out plans to strengthen the Single Market

The European Union�s Single Market is the cornerstone of European integration. Barriers that once stopped goods from freely flowing from Lisbon to Helsinki have been torn down. While Europeans can be proud of these achievements, businesses and citizens also know that hurdles still exist when they exercise their rights. Europe needs to act with more force and conviction to show that the Single Market brings social progress and can be beneficial for consumers, workers and small enterprises.

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Top EU firms cut research investment less than US rivals, but Europe still well behind

 
Top EU firms cut research investment less than US rivals, but Europe still well behind

The European Commission's 2010 "EU Industrial R&D Investment Scoreboard" shows that R&D investment by top EU companies fell by 2.6% in 2009. The fall in the US was twice as sharp as in the EU, but the worldwide reduction was lower, at 1.9%. Japanese car maker Toyota is the world's biggest R&D investor. Three EU companies feature in the top ten: Volkswagen, Nokia and Sanofi-Aventis.

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