According to the survey on the access to finance of the non-financial corporations in Romania published this month by the National Bank of Romania, lending to non-financial corporations in terms of credit standards tended to stagnate in 2018 Q1 both at aggregate level and by category. For in 2018 Q2, banks expect credit standards to remain unchanged.
The Commission has proposed in May new rules to give small and medium enterprises (SMEs) better access to financing through public markets.
On 25 May 2018, the Council adopted rules aimed at boosting transparency to prevent aggressive cross-border tax planning.
The European Commission has published the results of the 2018 Digital Economy and Society Index (DESI) a tool which monitors the performance of Member States in digital connectivity, digital skills online activity, the digitisation of businesses and digital public services. According to it, the EU is getting more digital, but progress remains insufficient for Europe to catch up with global leaders and to reduce differences across Member States. This calls for a quick completion of the Digital Single Market and increased investments in digital economy and society.
Artificial Intelligence (AI) is quickly becoming one of the key drivers of economic development in the modern era. It has the potential to be implemented in nearly every sector from healthcare to agriculture to industrial manufacturing to increase their productive capacity.
Continuă lectura „The Rise of Artificial Intelligence in the EU”
Today, less than 1% of objects are connected to the Internet, but there are likely to be almost 6 billion Internet of Things (IoT) connections within the EU in 2020. The IoT blurs the lines between products, services and industry sectors. It means new innovative services or applications; better products with built-in services or applications; more efficient processes; improved energy and resource efficiency; better understanding of customers’ needs; increased flexibility and more possibilities for sharing.
While the service sector provides the largest share, 73.4 percent, of the European Union’s GDP, the industrial sector continues to be an important piece of the EU’s economic activity. Within the industrial sector, the EU is a world leader in textile and clothing manufacturing.
“Game changing technology” could change the face of European manufacturing
The rate of technological advancement has only increased in the 21st century, and with this advancement comes the possibility of new “game changing technology”. Game changing technology has the potential to disrupt not only the product level, but the entire production process. This next step in the manufacturing sector has been called “Industry 4.0”.
Entrepreneurship is a skill that can be learnt. You don’t have to be born an entrepreneur to run a successful business. You can become a good entrepreneur by developing an entrepreneurial mind set and skills.
