OSME is the EU programme for the Competitiveness of Small and Medium-sized Enterprises (SMEs). Allocated a financial envelope of EUR 2.3 billion for the 2014-2020 period, it is designed to improve SMEs’ access to finance and markets. It should also support entrepreneurship and provide more favorable conditions for business creation
Tag: Fundings
Moody’s credit rating Montenegro 2016 : B1, negative outlook
oody's Investors Service has today downgraded Montenegro's long-term issuer and senior unsecured debt rating by one notch to B1 from Ba3. The short-term ratings have been affirmed at Not Prime (NP). The outlook remains negative. The key drivers for today's rating action are: Fiscal risks related to the highway project, which
EC: Spring 2016 Economic Forecast
YEI: Closing the gap between education and employment
urrently nearly 20% of young people (aged 15-24) in the EU-28 are unemployed. This represents one in five young Europeans; and nearly one in two in Spain and Greece, where youth unemployment rates are particularly high. Although the most promising way of providing opportunities for young people is through restoring
EP: Completion of Banking Union on track
he European Commission and the European Supervisory Authorities should conduct an in-depth assessment of the effect of increasing capital requirements in current and future legislation on credit supply, especially to small and medium sized companies, Parliament says in a resolution on the state of the Banking Union. MEPs support the
Crowdfunding and crowdsourcing in the cultural and creative sectors
he internet offers digital spaces that can connect creators and service or content providers with consumers, and with new work, business or financing possibilities. In the sphere of arts and culture, this offers new opportunities for fundraising for events and projects, and for developing collaborative projects among artists, sometimes with
UK Rebate: The influence on the EU budget
he UK rebate (also known as UK ‘abatement’, or UK ‘correction’) is the ad hoc mechanism that is applied to lower the UK’s contribution to the EU budget, by reimbursing 66% of the country’s budgetary imbalance (the difference between payments and receipts). In 2014, the rebate amounted to almost €6.1 billion,
European Structural and Investment (ESI) Funds: Communication on the contribution 2014-2020
he Commission adopted a Communication on the contribution of the European Structural and Investment Funds (ESI Funds) to the EU's growth strategy, the Investment Plan and the Commission's priorities over the next decade. The report also includes the outcomes of the negotiations with all the Member States on Partnership Agreements
IPA: €57 mill. EU funds for HR-BA-ME cross-border cooperation
he European Commission adopted a new cross-border cooperation programme for Croatia, Bosnia and Herzegovina and Montenegro worth around €67 million, with €57 million coming from the European Regional Development Fund and the Instrument for Pre-Accession Assistance (IPA). The programme aims to improve the quality of common public services in the region,
2016 EU budget draft – response to migrant crisis
n agreement was reached on the 2016 EU budget under extraordinary circumstances as the world witnessed the attacks in Paris. The EU institutions have taken their responsibility by concluding a deal well ahead of the deadline. Before finalising the agreement, negotiators observed a minute of silence for the victims of
SMEs: 9/10 EU enterprises employed less than 10
icro-enterprises, as well as small and medium sized enterprises (SMEs), are considered as a driver of the economy of the European Union (EU), creating jobs and contributing to economic growth. In 2012, of the 22.3 million enterprises in the EU’s non-financial business economy, an overwhelming majority (92.7%) were micro-enterprises (with
EMU: Fiscal, Financial, Economic & Political Union
urope's Economic and Monetary Union (EMU) is in much better shape today than it was before the financial crisis. However, despite progress, particularly as regards reinforcement of the economic governance and the launch of the Banking Union, the EMU remains incomplete. Divergence in economic performance across the euro area is