The European Commission has launched the first-ever European Capitals of Small Retail Awards, with the aim of highlighting the vital role of small retailers in revitalising city centres.
“Europe can no longer afford to see its most promising innovative companies scale up in the USA or Asia”, said SMEunited President Petri Salminen in response to the launch of the EU Startup and Scale-up Strategy.
The EU Commission has launched the EU Startup and Scaleup Strategy with the aim of making Europe a great place to start and grow global technology-driven companies.
sees it as a first step to tackling core problems but admits that it requires stronger conviction and ambition.
“SMEs remain cautious and concerned about the impact the introduction of a new company category “small midcaps” will have on SMEs and SME policy in Europe” SMEunited President Salminen stated as a first feedback to the publication of the Omnibus and the Single Market Package.
In a fresh bid to cut red tape, the EU is set to cut EUR 400 million in annual administrative cost for European companies, with the aim of boosting growth and investment across the Single Market.
The European Commission looks to reduce barriers currently holding back intra-EU trade and investments with its new Single Market Strategy.
