EC Signals Bid for New 'Industrial Revolution'

Business » INDUSTRY | October 11, 2012, Thursday // 13:55| Views: | Comments: 0
  • Send to Kindle
Bulgaria: EC Signals Bid for New 'Industrial Revolution' EC vice-president and Commissioner for Industry Antonio Tajani. Photo by EPA/BGNES

European Commission Vice-President Antonio Tajani revealed plans for a re-industrialization and moving away from financial and other services across the EU.

The plan's chief target is achieving 20% of Europe's GDP to be contributed from industry by 2020.

"Our figures are crystal clear: European industry can deliver growth and can create employment," said European Commission Industry Commissioner Tajani.

"We cannot continue to let our industry leave Europe," added the Italian commissioner.

Currently, just 15% of Europe's GDP comes from industrial production.

What Tajani called plans for a "new industrial revolution" are also aimed at overcoming the financial crisis that has fallen hard on some EU member states.

In particular, the Industry Commissioner stressed that Europe must reclaim jobs back from emerging economies like China.

Part of the plans for re-industrialization aim at concentrating on high added value innovative sectors as green energy, bioproducts, sustainable production, construction, transportation and energy systems.

Industry » Be a reporter: Write and send your article
Tags: EU, financial crisis, European Commission, industrial, industry, production, jobs, growth, Antonio Tajani
Advertisement All Are Welcome! Join Now!
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria