News and information about the European Union’s policies for small and medium-sized businesses.
The conclusion of interinstitutional negotiations on the first Omnibus package today, marks a major setback for the EU’s corporate sustainability framework, with a decision to weaken the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD).
“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.
SMEunited calls on the European Commission to “think small first and act accordingly” ahead of the adoption of the “Small Midcap Omnibus” tomorrow.
The recent electricity blackouts that affected Spain and Portugal underscored the critical importance of the retail and wholesale sector in providing an essential service.
To enter the EU market, businesses must navigate an intricate web of compliance requirements, particularly concerning product regulations, which can differ from one member state to another.
