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Latest News: EU Commission eyeing how to boost the European sharing economy

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The EU Commission has identified the developing sharing/collaborative economy as an important engine for entrepreneurship, innovation, job creation and growth. Commission Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said: “Europe’s next unicorn could stem from the collaborative economy. Our role is to encourage a regulatory environment that allows new business models to develop while protecting consumers and ensuring fair taxation and employment conditions.” The Commission is looking for a flexible approach with as little regulation as possible. It is now on watch to follow trends on prices and quality of services, and identify possible obstacles and problems arising from divergent national regulations or regulatory gaps. Commissioner Elżbieta Bieńkowska, responsible for Internal Market, Industry, Entrepreneurship and SMEs, summarizes: “If we allow our Single Market to be fragmented along national or even local lines, Europe as a whole risks losing out.” Source: European Commission

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