The Competitiveness Compass is the European Commission’s first major initiative under this mandate, providing a strategic framework to enhance Europe’s position as a leader in future technologies, clean products, and services while achieving climate neutrality. The initiative addresses Europe’s lag in productivity growth and aims to remove barriers that hinder competitiveness. President von der Leyen emphasized the need for urgency and unity in implementing reforms, translating the Draghi Report recommendations into concrete actions. The Compass focuses on three key areas: innovation, decarbonization, and security.
Source: European Commission
