The European Union has launched a ‘competitiveness compass’ to simplify regulations, aiming to boost innovation while maintaining environmental goals. This comes in response to pressures from the U.S. and China’s rapid industrial advancements. The measures include revising numerous laws, supporting mid-sized companies, and addressing high energy costs. The European Union has launched a ‘competitiveness compass’ to simplify regulations, aiming to boost innovation while maintaining environmental goals. This comes in response to pressures from the U.S. and China’s rapid industrial advancements. The measures include revising numerous laws, supporting mid-sized companies, and addressing high energy costs. Economic Times
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