19 November 2019/ Over 200 European business people have participated in the Sixth edition of the European Family Business (EFB) Summit that took place in Madrid on November 19-20. This is a unique event with lectures by representatives of important European and Spanish institutions and analysis of the main issues affecting the family business in a context of constant change. In Europe, family businesses represent 50% of GDP and more than 60% of private sector employment, with over 14 million companies.

The EFB, in collaboration with KPMG, recently published the eighth edition of its barometer on the situation of family businesses in Europe. This shows that the future perspective of European family businesses, at a time of economic and geopolitical uncertainty, continues to be positive. Innovation, diversification, training and education are key priorities as they adapt to a rapidly changing world, while succession planning is increasingly on the minds of families. This year, the family business community has sent a clear message abroad: we must improve the single market and focus on promoting world trade.

ASCEF forms part of this international organisation, which was founded in 1997 and represents 10,000 companies from 12 countries.