What Pantelides and BusinessEurope discussed with Ursula

George Pantelides, President of the Cyprus Employers and Industrialists Federation (OEB), attended a working dinner with European Commission President Ursula von der Leyen as Vice President of BusinessEurope. The discussion centered on strategies to bolster the competitiveness and resilience of European businesses amidst global economic challenges. Business leaders warned that without tangible results by 2026, the European economy risks losing significant ground in the global market. Key concerns raised included high energy costs, excessive regulatory burdens, and the ongoing fragmentation of the single market. The leadership of BusinessEurope called for immediate actions regarding innovation, investment, and better management of geopolitical risks related to raw materials. Mr. Pantelides emphasized that OEB's high-level involvement ensures that the specific needs and priorities of Cypriot businesses are integrated into EU decision-making.