September 13, 2023 07:48 GMT
VDL: Labour Shortages "Most Significant Bottleneck" For EU Competitiveness
EU
EM BulletFixed Income NewsHomepagePolitical RiskCommoditiesPolitical Risk BulletEnergy BulletsBulletMarketsEmerging Markets NewsForeign Exchange NewsEuropePolitical Market News
European Commission President Ursula von der Leyen, speaking at the European Parliament in Strasbourg, has called for more "qualified migration" to fill labour shortages, which she describes as, "the most significant bottleneck for EU competitiveness."
- VDL says, she will appoint an envoy to help small and medium enterprises, "cope with red tape to improve Europe's competitiveness."
- VDL says, "this EU industrial policy also required common EU funding."
- VDL also hailed investment in EU clean hydrogen, stating: "EU now attracts more clean hydrogen investment that US and China combined."
- Euractiv reported last week that, "Demand for renewable hydrogen in Europe is expected to hit 8.5 million tonnes by 2030, far below the EU’s planned 20 million tonnes, according to the industry, which calls for a shift in strategy to ramp up supply and demand."
- VDL says the EU Commission will open an "anti-subsidy investigation into Chinese electric vehicles," stating that, "global markets are flooded by cheaper Chinese electric vehicles," which are, "kept artificially low by subsidies."
161 words