Negocios y Empresas
Upward Trend in Europe: Analysis and Perspectives | Gialoma.com
Paloma Firgaira
2026-04-23
5 min read
The European Union is at a crucial moment, marking a turning point in its trajectory. While achievements and challenges often balance each other, there is currently an upward trend. The coordination of policies aimed at strengthening the business fabric and the commitment to a reindustrialization adapted to the current geopolitical context are driving this positive change.
In the recent political landscape, the fall of Viktor Orbán and the arrival of Péter Magyar in Hungary represent a shift towards greater European openness. Meanwhile, in Bulgaria, Rumen Radev, who is euro-skeptical and pro-Russian, has achieved a decisive victory. Although Radev's election could be interpreted as a setback, the call from leaders like Ursula von der Leyen and António Costa for collaboration in a stronger Europe opens the door to stability and dialogue, which is particularly valued by Bulgarian society.
The political change in Hungary has a direct impact on EU decision-making, especially on strategic issues where Orbán had imposed blockages. In relation to the war in Ukraine, President Zelensky has reopened the oil pipeline as a gesture towards Magyar, hoping that Hungary will lift the veto on the €90 billion European loan for Ukraine. This context reignites the debate on the need to move from unanimity to qualified majority in European decisions.
The EU is redefining its strategic role, deepening its political integration and expanding its vision on a continental scale. The European Commission is promoting programs that reinforce this proactive trend, facilitating the strategic autonomy of companies and promoting competitiveness without losing the regulatory rigor that characterizes the European model. In a world where powers like the US, China, or India follow different models, the EU must continue to be a benchmark in regulation and cohesion.
The concept of "Regime 28," inspired by Enrico Letta's report, proposes an agile and regulated European business environment, where the EU Inc. instrument would be key to facilitating operations and fostering innovation. Initiatives like military Schengen, SAFE, 'Made in Europe,' and the AGILE program, endowed with €115 million to accelerate defense technology projects, along with the 'AI Continent' tool for ecological and digital transition, are examples of European proactivity.
These actions are growth engines and demonstrate the importance of combining European values with concrete responses. Looking ahead to the Multiannual Financial Framework 2028-2034, the business sector must pay attention to the design of the next European budget.
The instability in the Strait of Hormuz and the war in Ukraine underscore the need for a robust European defense, complementary to NATO, as a guarantee of security and growth. Industrial integration and multi-level cooperation are essential to anticipate risks and seize competitive advantages. Europe is, now more than ever, our fundamental strategic mission.