The EuroGroups Register (EGR) is the European statistical register on multinational enterprise groups.
The EGR frames are produced on a yearly basis and the process includes several data exchanges between Eurostat and the NSIs via the secure platform eDamis.
EGR 1.0, being mainly oriented to use and validate data on multinational groups coming from commercial providers, required a very work–intensive activity both for Eurostat and for NSIs without, however, necessarily guaranteeing a good qualitative outcome. Moreover, for most NSIs who already have a qualitative business register on enterprise groups the actions to be performed for the EGR constituted a duplication of work whose results were difficult to be consistently integrated (ex post) into the national environments.
EGR 2.0 is oriented to mainly use data from national business registers in order to improve the process, reduce the burden on the NSIs, increase integration and promote overall consistency. With EGR version 2.0 national business registers will be the authentic store for resident legal units, meaning that they will be responsible for their maintenance in one place only: the logic of the EGR 2.0 is simpler, more efficient and time saving. It is inherently based on a concept of interoperability among the several national business registers as it imposes some requirements. First of all the methodology of the national registers shall be significantly harmonized (frame methodology, reference period of data, continuity rules for updating, etc.) secondly input data shall be structured in such a way to allow for the central EGR consolidation process.
On the last point the ESSnet EGR contributed to the development of EGR Identification Service to uniquely identify all the legal units received as input from national registers and being part of cross – border relationships. Once all legal units have the unique ID can be treated centrally by the EGR for the creation of the global groups structures.
The final objective for the EGR is that the new methodology, being more aligned to the users’ quality requirements, would favours the use of the EGR 2.0 in the statistical production processes of Foreign Affiliate Statistics (FATS) and Foreign Direct Investment (FDI).