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EU strategy to rejuvenate construction industry

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2 months ago

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http://www.euronews.com/ Hit by the financial crisis, the EU’s construction sector has lost 14 percent of its work force and nine percent of investment since 2008.

The European Commission has released a five-point strategy plan, and is asking member states to negotiate how much from the recently-approved 120 billion euro ‘Pact for Growth and Jobs’ will be used to kickstart a sector that employs 40 million people.

“Providing an exact figure is really very complicated. The sector represents 10 percent of GDP. Therefore, I think, generally at least 10 percent of the money from the Pact can be used towards the construction industry. This is an area that we have identified as one that must work even if much help is needed,” said Antonio Tajani, EU Commissioner for Industry and Entrepreneurship.

One proposal focuses on renovations for energy efficiency. That is what is happening at a 1960s building which will become the headquarters of the Belgian federal police.

However, for construction companies, there is a feeling that the credit shortage should be the Commission’s priority.

“In lots of countries, viable companies are being led to bankrupcy simply through not be able to get bridging loans from their banks,” said Frank Faraday of the European Construction Industry Federation.

euronews correspondent Isabel Marques da Silva, in Brussels, said: “To small and medium size enterprises in the construction sector, public support is a “vitamin” that they’ll gladly accept. But in order for the industry to really move forward, it requires credit for companies and individuals, and the current situation in the financial markets does not provide much hope.”

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Grammy-winning producer Swizz Beatz: Tech is changing the game but originality still rules

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2 days ago

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April 21, 2026

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Grammy-winning producer Swizz Beatz: Tech is changing the game but originality still rules

Grammy-winning music producer and entrepreneur Swizz Beatz tells Euronews Culture how technology is reshaping creativity, why originality still stands out, and what keeps drawing him back to the Middle East.

READ MORE : http://www.euronews.com/2026/04/18/grammy-winning-producer-swizz-beatz-tech-is-changing-the-game-but-originality-still-rules

Spark your senses, wake your wonder. Euronews Culture seeks to show creativity in action and inspire our audience to explore the world through the five senses. Start your journey through the best of Europe’s arts, gastronomy, traditions and high-end craftsmanship.

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Belgian food market leading the way in sustainability

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2 days ago

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April 21, 2026

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The cost-of-living crisis and the climate emergency are forcing industries to rethink their approach to their day-to-day practices.

READ MORE : https://www.euronews.com/2023/06/19/farming-fish-in-the-heart-of-brussels

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Artemis II: Why should we care? |Euronews Tech Talks

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7 days ago

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April 17, 2026

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The Artemis II mission brought four astronauts farther from Earth than humanity had ever ventured before.

To discuss its importance, Europe’s role and what comes after, Euronews Tech Talks speaks with UK journalist Kate Arkless Gray and Belgian science reporter Senne Starckx.

Credits cover: Nasa and Euronews.

Read more: https://www.euronews.com/programs/euronews-tech-talks

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Flotilla carrying activists and aid for Palestinians in Gaza sets sail from Spain

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7 days ago

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April 17, 2026

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Flotilla carrying activists and aid for Palestinians in Gaza sets sail from Spain

Organisers of the Global Sumud Flotilla say that more than 70 boats and 1,000 people from around the world will participate.

READ MORE : http://www.euronews.com/2026/04/15/flotilla-carrying-activists-and-aid-for-palestinians-in-gaza-sets-sail-from-spain

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Following the crowd: Amsterdam’s smart city solution

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1 week ago

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April 14, 2026

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As part of an episode dedicated to smart cities, Business Planet speaks to the city of Amsterdam about its crowd monitoring experiment.

READ MORE : https://www.euronews.com/2021/08/27/following-the-crowd-amsterdam-s-smart-city-solution

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