US EditionEU plans to slash red tape for medium-sized companies
- On Wednesday, the EU unveiled plans to reduce bureaucratic barriers for medium-sized companies across its 27-member bloc.
- The proposals respond to sluggish economic growth and calls to fix the fragmented single market from landmark reports last year.
- A new classification called small mid-caps has been introduced to include companies with 250 to 750 employees and turnover of up to 150 million euros.
- EU industry chief Stephane Sejourne stated that the initiative is designed to support the expansion of small and medium enterprises, while the measures will reduce business expenses by 400 million euros.
- If the EU parliament and member countries endorse the proposals, the measures could streamline business management and encourage investment across the bloc.
43 Articles
43 Articles
On Wednesday in Brussels, the European Commission presented another bus package, this time for small and medium-sized enterprises (SMEs). In order to make Europe more competitive, Brussels wants to soften and reduce countless laws and regulations. According to the new proposals, companies are to save annual administrative costs of EUR 400 million, for example by creating a new category for small and medium-sized enterprises.Also so-called small …
Brussels wants to relieve the burden on small and medium-sized enterprises and expand the EU internal market. Data protection requirements are also to be eliminated. This project not only meets with approval.
Brussels suggested exempting companies from 250 to 750 employees from establishing a register of use of personal data and removing the paper requirement for documents accompanying the products sold.
Brussels proposes to reduce the rules for 38,000 middle-sized companies. ...
InsideNoVA.com
EU plans to slash red tape for medium-sized companies
The EU unveiled plans Wednesday to cut red tape for medium-sized companies and abolish barriers for businesses to sell goods across the bloc as part of its efforts to catch up with China and the United States.
These companies will benefit from certain advantages and exemptions, so far reserved for smaller companies, in various areas such as personal data protection or financial reporting.
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