It is getting easier and less costly for small and medium-sized enterprises to get started in the EU, according to review results just published in Brussels. As they are also the biggest providers of new jobs in the EU, small and medium sized enterprises (SMEs) have become increasingly central to EU policy-making.
A spokesman at the European Commission summed up key improvements: “The costs of setting up a business between 2002 and this year have fallen 31 percent from 813 euros to 554 euros and the time you need to set up a business on average is halved, from 24 days to 12 days.”
Meanwhile, a five-million-euro EU programme has been created to help SMEs implement environmental legislation. Many companies are not aware of the impact their activities have on the environment and believe that they are complying with the laws unless told otherwise. Poor environmental policy integration can lose businesses money, and bad conditions can put workers’ health at risk.