BusinessEurope: EU must be united in strengthening its global standing

BusinessEurope’s Council of Presidents convened in Nicosia, hosted by its Cyprus member federation, the Cyprus Employers and Industrialists Federation (OEB). With the Cyprus Presidency of the Council of the EU approaching, the delegation met with the President of the Republic of Cyprus Nikos Christodoulides to outline the European business community’s priorities for the upcoming Presidency. They also exchanged views with Costas Kadis, European Commissioner for Fisheries and Oceans.

– At a time of great geopolitical uncertainty, the EU must be united in strengthening its position on the global stage and the Cyprus Presidency can play a crucial role in these efforts. Trade diversification must be a key focus over the next six months, including the swift ratification of the EU-Mercosur agreement, BusinessEurope President Fredrik Persson said.

– It is also essential that, during the Cyprus Presidency, the EU shows that it is serious about turning promises into tangible improvements for companies across Europe. Lowering regulatory burdens, securing affordable energy, deepening the Single Market, and mobilising investment in innovation are essential steps to strengthen Europe’s economy and resilience.

OEB President George Pantelides also commented:

– For OEB, it is important that Cyprus plays its part in steering Europe through this defining moment. We will work closely with our government to ensure that the EU accelerates the creation of the right conditions for growth, innovation, and resilience, so that European enterprises can succeed globally. Delivering on promised reforms and enabling companies to invest and create jobs will be crucial for Europe’s prosperity.

To read the full Declaration of the Nicosia Council of Presidents, please click here.