Cash for lobbying the EU institutions has hit a new record, according to new research by the Corporate Europe Observatory (CEO).
In a report released on Thursday (11 June), CEO, a pro-transparency NGO, revealed annual spending of €381.75m for lobbying European institutions, marking a 50 percent increase since 2020.
Their research alongside that by fellow non-profit Lobby Control found that the number of industry organisations with a lobby budget of at least €1m has grown by almost 30 percent since 2020.
The campaigners stress that increased spending has translated into a significant number of industry-friendly policies.
“We are witnessing corporate lobbyists with bold and increasing powers to influence policy,” the report states.
