News and information about the European Union’s policies for small and medium-sized businesses.
“Withdrawing a proposal that would have given SMEs the ability to invest, hire, and own their cash flow goes against any commitments this Commission had toward SMEs”, deplored SMEunited President Davide Galli, reacting to the withdrawal of the proposal for a Regulation to combat Late Payment from the Commission work programme.
“Europe can no longer afford to see its most promising innovative companies scale up in the USA or Asia”, said SMEunited President Petri Salminen in response to the launch of the EU Startup and Scale-up Strategy.
The EU Commission has launched the EU Startup and Scaleup Strategy with the aim of making Europe a great place to start and grow global technology-driven companies.
“SMEs remain cautious and concerned about the impact the introduction of a new company category “small midcaps” will have on SMEs and SME policy in Europe” SMEunited President Salminen stated as a first feedback to the publication of the Omnibus and the Single Market Package.
In a fresh bid to cut red tape, the EU is set to cut EUR 400 million in annual administrative cost for European companies, with the aim of boosting growth and investment across the Single Market.
The European Commission looks to reduce barriers currently holding back intra-EU trade and investments with its new Single Market Strategy.
