CURRENT CHALLENGES IN THE EUROPEAN UNION MACHINERY AND EQUIPMENT INDUSTRY

Abstract

The machinery and equipment industry occupies a key place in the economy of the European Union, representing a fundamental part of technological growth, employment and international trade. The article below analyzes the economic contribution of this sector, the regulatory framework at EU level, competition regulations and the geographical orientation of the sector's product flows. In this paper, we will be able to see what contribution the machinery and equipment industry makes to the EU economy, what the implications for the sector's development have been and how important it is for Europe as a whole.