Challenges Facing Europe's Economic Attractiveness

The EU economy is increasingly losing its allure for businesses. A notable number of unicorn startups and major tech firms have shifted their headquarters abroad, driven by high energy costs, labor expenses, and burdensome bureaucracy.

While productivity in the EU lags behind the United States, it remains more efficient than in the United Kingdom and Japan. In response to these challenges, the European Commission is set to introduce a major legislative initiative aimed at revitalizing the economy.

This effort seeks to address structural issues such as soaring energy prices and the shortage of skilled workers. The report serves as a crucial wake-up call, highlighting the urgent need for action to maintain competitiveness and prevent a decline in prosperity across the continent.