Our news for: July 2015
Whether for goods or people, or whether it be road, air or maritime transport, every year the transport sector continues to expand in Europe. Faced with the sector’s liberalisation and globalisation, European countries are pulling out all the stops to remain competitive and to establish common competition rules. Here we look at the current state of this rapidly evolving sector.
Despite certain difficulties, in particular concerning Greece, Europe benefits from solid assets and can expect to see a return to annual growth of between 2 and 3% over the next ten years, creating 20 million new jobs in the process, according to a recent report by McKinsey Global. This report refers to Europe’s 3 main strengths and 11 growth drivers. In other words, 14 reasons to be optimistic!
In terms of imports/exports, the equipment for mechanical engineering and industry sector is thriving in Europe. To be sure, this global outlook varies depending on the subsector concerned. For all that, in certain industries, such as machine tools, things are looking bright once more for European businesses. Read on.
Within the energy sector, Europe remains a major player in terms of global electricity production, especially for renewable energies. Based on a report by @Enerdata, here are the 6 key trends on the global energy market.
There is a tendency in Europe to lump Lithuania, Latvia and Estonia together within the same uniform entity which we conveniently refer to as the Baltic States. And yet, while these three countries – which are constantly expanding and offer developed transport infrastructures – form a natural crossroads between Western Europe, Eastern Europe and Central Asia, they each have their own distinctive characteristics. European SMEs are thus advised to approach them separately. Here are some of the economic sectors on which to set a premium.