Berlin. European family businesses (EFB) i FAMILY ENTREPRENEURS today opened the 8th EFB Summit in Berlin. This year’s topic was devoted to the question of how family businesses in Europe can continue to develop responsibly in turbulent times.
Energy prices and disrupted supply chains
President of EFB Udo J. Vetter: “Inflation, high energy prices, supply chains disrupted by the pandemic, high costs of ecological and digital transformation – these are challenges for both companies and EU countries. Overcoming them requires competitive companies, stable finances and an efficient EU. “
EFB President Udo J. Vetter: Neither people in Europe nor in the world receive help when highly developed companies stop producing in Europe and move to non-European countries
Vetter continues: “The EU can only achieve its climate goals with competitive companies. Sustainable and responsible growth is therefore the focus of this year’s EFB summit. We family entrepreneurs share the goal of making Europe a pioneer in the fight against climate change. Nevertheless, the energy costs and technical limitations of many processes have to be considered in order to further reduce emissions. Neither people in Europe nor in the world receive help when highly developed companies stop producing in Europe and move to non-European countries. “
Family businesses are the backbone of the European economy
Explained in a video message Ursula von der Leyen, President of the European Commission: “Family businesses are the backbone of our European economy. Family businesses never stop innovating. They do not focus on the next shareholders’ meeting. They value sustainable development and investments that will benefit future generations. In short: you embody the best of our social market economy in Europe ”.
Also the Minister of Finance Christian Lindner is a guest on EFB Summit. Before his speech, Udo J. Vetter explains: “We are concerned on the part of states that, since the outbreak of the pandemic, there has been a perception that individual states or the EU have the possibility of solving any crisis with state means. They do not have money, because the average debt of all EU Member States is currently 95%. GDP. At the same time, most European countries are already in the top third of OECD countries in terms of high taxes and fees. This is a downside to many government spending programs. However, only stable finances can ensure that businesses are not overburdened and that the EU does not put itself in danger. As crises become more frequent and hit us harder, the EU must do whatever it takes to enable companies to stay competitive and refrain from doing anything, which leads to additional bureaucracy and reporting requirements. “
An EFB Summit is held in a different city each year to raise awareness of the importance of family businesses in Europe. About 100 European family entrepreneurs, high-level policy makers and scientists are brought together. The first summit took place in 2014. In order to strengthen the overall importance of family businesses of all sizes at EU level, the EFB has recently campaigned, inter alia, for the introduction and recognition of the mid-cap category to strengthen Europe’s economic strength and provide businesses with the opportunity to grow in Europe. A recognized category is needed for medium-sized firms that have grown beyond the definition of an SME, but are not yet large-scale. This category must be between 250 and 4,999 employees and a turnover of 50 to 1.5 billion euros.
European family businesses account for 50% of Europe’s GDP!
European family businesses is the European umbrella organization of many national associations of family businesses based in Brussels; EFB is the voice of family businesses of all sizes in relation to the European institutions. There are over 14 million family businesses in the European Union that generate 50% of European GDP and employ 60 million people. EFB strives to ensure that family businesses are seen as the basic engine of economic development, prosperity and jobs in Europe. The German family entrepreneur Udo J. Vetter, who operates all over the world, is currently the CEO of EFB.
FAMILY ENTREPRENEURS as a political group for over 180,000 family entrepreneurs, we are guided by the values of freedom, ownership, competition and responsibility. Family businesses in Germany employ over 8 million people in all sectors and generate an annual turnover of EUR 1,700 billion.
Sven Oliver Rüsche is the founder of the Mittelstand-Nachrichten and writes about business associations, entities operating in SMEs, products + services, the digital economy and family entrepreneurs. As a journalist, he is a member of the German Press Association DPV – Association for Journalists eV / membership number: DE-537932-001 / Int. Press card: 613159-537932-002. he is under [email protected] available in the editorial office.