The European Commission's Vicepresident for a Clean, Just and Competitive Transition, Teresa Ribera, warned this Tuesday at the Forum Europa in Brussels that creating European champion companies should not become "a check to protect themselves from competition, which does not boost competitiveness".

Ribera made these remarks at an information session organized by New Economy Forum in the EU capital, where the Spanish commissioner was introduced by Margrethe Vestager, former EU Commissioner for Competition. The Spanish Vicepresident addressed the debate on the need to create large European companies capable of competing globally with their American or Chinese counterparts.

The European Commission's Vicepresident for a Clean, Just and Competitive Transition, Teresa Ribera, argued this Tuesday at the Forum Europa in Brussels that EU energy security is "much more anchored in initiatives that return to clean, domestically produced energy" compared to dependence on imported fossil fuels.

At a briefing organized by New Economy Forum in the EU capital, Ribera was introduced by former EU Competition Commissioner Margrethe Vestager. The Spanish Vicepresident was responding to a question about how Europe is guaranteeing energy security as a foundation for long-term competitiveness from a sustainability perspective.

Back in September, New Economy Forum began the celebration of its XXV Anniversary with a special ceremony, where they proudly presented the Forum Europa Prize to Mr. António Costa, President of the European Council. 

The European Commissioner for Startups, Research and Innovation, Ekaterina Zaharieva, highlighted on Friday at the Forum Europa in Brussels that the EU will launch the “Scale Up Europe Fund”, a multi-million euro initiative aimed at investing in the most promising European companies in strategic sectors of “deep tech” or disruptive technologies. The aim is to create "world champions" in advanced technologies.

Zaharieva made this announcement at an informative meeting organised by New Economy Forum in the EU capital, where she explained that the new public-private fund will have €1 billion from the 'Horizon Europe' programme, while another €5 billion is expected to be raised from private investors.

The European Commissioner for Startups, Research and Innovation, Ekaterina Zaharieva, defended on Friday at the Forum Europa in Brussels the need for Europe to become "a magnet for global talent" in artificial intelligence and pointed out that "we should invest heavily in AI" to maintain the continent's competitiveness.

Zaharieva addressed this issue at an informative meeting organised by New Economy Forum in the EU capital, where she stated that the EU's growth in artificial intelligence covers various aspects.

She said that "it is not just about models, it is also related to industry" and highlighted that Europe has "very promising" AI start-ups that are developing "unique models".