Vasil Verev, Chairman of the Bulgarian Industrial Capital Association (BICA),european union) evaluated the country's economic performance and highlighted concerns about slow growth compared to its peers around the world. Lecture on “Resilient and efficient energy for safe energy for the future” economy” On the forum, Verev said, european unionExplains the economic trajectory of , citing recent trends and forecasts.
Mr. Verev pointed out that global GDP growth is stagnant. european unionin the 0-1% range, in contrast to the more robust growth rates seen in other major economies. While the United States, Russia, China, and India are recording growth rates of 2% to 7%, Europe's economic expansion has slowed in comparison.
Velev said that over the past five years, Europe's share of the world's population has increased by economy is decreasing, and this worrying trend is further exacerbated by increased government spending. european union Member countries. He attributed the decline to a variety of factors, including Europe's demographic crisis, which he characterized as a “demographic disaster” in Bulgaria.
Mr. Velev also emphasized that society's attitudes towards work and leisure are contributing to Europe's economic challenges. He criticized policies that encourage shorter working weeks and stressed the need for a more diligent approach to sustain economic growth.
Education has also come under intense scrutiny, with Mr Verev lamenting the shift away from the engineering industry and the lack of emphasis on technical skills. Regulatory burdens and energy access issues are exacerbating Europe's economic woes and hindering innovation and competitiveness, Velev said.
Forum organized by BICA and the European Economic and Social Committee in partnership with Veolia Bulgariagathered together industry Leaders and policy makers need to address the key issues facing Europe's economy.
As Mr. Velev's remarks underline, urgent action is needed to revitalize Europe's economic situation and ensure its competitiveness on the world stage.
