Local and regional leaders push the EU to reduce disproportionate administrative burdens for SMEs as a way to boost growth and jobs in Europe

Mar 23, 2017

Smart regulation for small and medium-sized enterprises (SMEs) is the goal of a draft opinion adopted at the commission meeting for economic policy (ECON) of the European Committee of the Regions (CoR). What SMEs need most are simple, clear and consistent rules argues rapporteur Christian Buchmann (AT/EPP).

SMEs are the backbone of Europe’s economy, creating two out of three jobs and generating more than half of Europe’s economic production. An SME-friendly regulatory environment is an essential precondition for establishing and developing businesses and thus also for generating innovation, economic growth and jobs.

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