Leaders of Europe’s leading multinational companies are increasingly discussing the possibility of relocating investments from European Union (EU) countries to others due to the current geopolitical situation and the lack of reforms. This is evidenced by a survey conducted by the European Round Table of Industrialists (ERT).

According to the report of the association coordinating matters of European competitiveness, more than one-third of the leaders of around 60 major companies are making fewer investments in Europe than planned, or have postponed investment decisions. A total of 45% of them stated that they are investing more in the US than originally intended. Only 8% of Europeans plan to increase investments in their own countries.

Respondents are concerned about the lack of urgency in implementing the reforms outlined in the reports of former Italian Prime Minister and former European Central Bank President Mario Draghi and former Italian Prime Minister Enrico Letta, which are aimed at restoring competitiveness and investment in the European community. These reports were commissioned by Brussels.

And 76% of respondents noted that they have seen virtually no positive impact from these EU initiatives so far.