Speaking about the condition of the European economy, Ermotti emphasized that the problem is no longer limited exclusively to regulation of the banking sector, but rather to “excessive regulation across all areas of business.” In his opinion, enormous bureaucracy, the slowness of institutional systems, and the lack of innovation are the key reasons why Europe is gradually losing the economic race against other global centers of power.

The modern business world defines luxury in a completely different way. The world’s largest companies, banks, consulting firms, and family holding systems no longer invest in luxury for prestige, but for the quality of decisions, the quality of human relationships, and the quality of everyday life.

At a time when the musical world is increasingly turning toward transient forms of expression, the passing of Ruth Slenczynska reminds us of an era in which art was discipline, dedication—and destiny.

Ironically, on Labor Day, May 1, 2026, it may be recorded in the history of economics as the day when an era of global energy policy came to an end.

StandardPlaza, a project currently under development, introduces one of its defining segments: the concert hall “Cvijeta Stevanović” — a space where music finds its rightful place.