Summary
A resolution calling for urgent support for EU SMEs through reduced bureaucracy, better access to finance, and protections against late payments. 9 13.07.2023
Other
economy
finance
taxation
social policy
public administration
business and competition
simplification of legislation
Key points
- Small and medium-sized enterprises are identified as the backbone of the European economy, representing 99% of all businesses.
- There is an urgent call to revise rules regarding late payments to prevent business bankruptcies.
- The resolution advocates for a significant reduction in administrative burdens and 'gold-plating' (adding extra national requirements on top of EU laws).
- Improving access to finance is prioritized, specifically through the development of a Capital Markets Union and better support for venture capital.
Documents (PDFs)
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