EUROPEAN POLICY FOR SUPPORT OF SMALL AND MEDIUM-SIZE ENTERPRISES

Natalia Stoyanova

Abstract


The European Union takes various measures aimed at creating a better business environment for small and medium-size enterprises (SMEs). These are policies developed by the Community that have not only overall impact on the whole development of SMEs in the European Union, but also they have their regional aspect and implications on individual countries or regions in the Union. One of the main principles underlying the European Union policy for small and medium-size enterprises is “Think Small First”. This principle is an expression of the understanding that the requirements for small and medium-size enterprises can be accomplished by the big ones but the vice verca is not always true. Small and medium-size enterprises are much more limited than large companies, putting them at a much more difficult position and reducing their competitiveness.

Keywords


small and medium enterprises, policy, EU

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References


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