Fact of the Week – Boosting European economy: can digital be the solution?

In order to boost job creation in Europe, the Juncker Commission last year launched several initiatives, including the Digital Single Market. Nowadays, the internet and digital technologies are becoming increasingly central to our society, yet, at the EU level, several barriers remain, and the sector cannot unlock its real potential. In this context, the Commission yesterday published three new proposals, with a focus on the e-commerce sector aiming to help consumers and companies reaching full benefit of Single Market.

Fostering entrepreneurship

These new proposals tackling geo-blocking, making cross-border parcel delivery more affordable and efficient and promoting consumer trust through better protection and enforcement also aim at setting a solid ground for entrepreneurship in Europe. Even though the European startup scene is currently growing, it is still not at an optimal level, facing structural obstacles and impediments to financing. The ‘startup’ concept being predominantly linked to the digital economy, the political efforts to create a better playing field for startups is an integral part of the Digital Single Market, as recently mentioned by Günther H. Oettinger, Commissioner for Digital Economy and Society. As such, the Commission launched a consultation on improving the environment for startups.

More on the EU agenda is coming

In addition to the consultation, the Commission has more elements on the agenda for this year, including an update of the eSkills plan in order to raise awareness of the need for citizens to improve their command of information and communication technology (ICT) skills for work. The Commission will also take action to simplify VAT requirements and put forward a proposal on business insolvency, to give honest entrepreneurs who fail a second chance, as well as to facilitate early restructuring.