EXCLUSIVE: The new European Commission has rejected the UK Government's call to set up an independent body to scrutinise EU regulation and impact assessments before and after legislative proposals are adopted by the executive.
SPECIAL REPORT / A new European Commission-backed SME funding instrument, launched last week, seeks to entice increasingly wary banks to back the strapped sector by matching risk associated with innovative companies. But SMEs feel gloomier than ever, new data show.
The European Commission proposed yesterday (7 December) a new regulation that is supposed to make it easier for venture capitalists to raise funds across the EU and lend more money to innovators and start-up businesses.
A fight has broken out over how much smaller companies should benefit from the EU's structural funds, highlighting the issues at stake in a forthcoming debate on the definition of SMEs, which is already the subject of fierce lobbying.
EU member states should apply an 'SME test' to ensure that draft laws do not clash with smaller companies' growth, according to proposals by the EU's SME envoy, who also called for diverting research funds to small businesses.
The worsening situation of European banks is likely to hit hardest on financial flows to small businesses which are already heavily suffering from the consequences of the crisis, policymakers and sector specialists have warned.
While the EU is marred by a severe debt crisis and a lackluster economic recovery, schools and companies are trying to make the changes necessary to adapt the workforce to new challenges and increase entrepreneurship and competitiveness.