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.
On Wednesday the European Commission presented a strategy to strengthen the single market and make it a haven for businesses suffering from geopolitical and commercial tensions. The aim is to simplify rules in particular for small and medium-sized enterprises, including companies with between 250 and 750 employees. Continue reading...
Measures include the removal of bureaucracy for businesses to do business, which will lead to an annual economy of €400 million with administrative costs The European Commission, an executive arm of the European Union, has presented on this Thursday a strategy to eliminate barriers and promote greater cooperation between the Member States of the block. The plan covers areas ranging from funding to energy and telecommunications with a view to red…
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. ...
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