The Commission is taking further steps to drive forward the Capital Markets Union (CMU), a pivotal project of the Juncker Commission to boost jobs and growth in Europe. fter almost two years since the launch of the CMU Action Plan, the Commission is presenting today a number of important new initiatives
Tag: SMEs
2018 EU budget draft: focus on jobs, investments, migration and security
he Commission proposed a draft budget for 2018 of €161 billion in commitments to stimulate the creation of more jobs, especially for young people, and to boost growth and strategic investments. Building on the actions already undertaken in previous years, next year's EU budget will continue dealing effectively with the migration
2017 Doing Business Report: Montenegro 51st
orld Bank has published 14th Doing Business report for 2015-2016 period. According to the report, Montenegro was ranked 51th out of 190 economies covered. That is three places lower than previous year, if the same methodology was applied to the DB 2016 report. Methodology updates* As part of a three-year update in
ECB: Access to Finance of Enterprises Report (Oct16-Mar17)
The European Central Bank (ECB) published its 16th report on the results of the “Survey on the Access to Finance of Enterprises”. The report provides evidence on changes in the financial situation, financing needs and access to financing of small and medium-sized enterprises (SMEs) in the euro area in the
European Regional Development Fund
he European Regional Development Fund (ERDF) is one of five European Structural and Investment (ESI) Funds aimed at achieving economic, social and territorial cohesion in the European Union. The ERDF’s primary task is to redress the main regional imbalances in the EU through investment in the structural adjustment of regions
EU VAT gap: €160 bn. lost in uncollected revenues in 2014
staggering €159.5 billion in Value Added Tax (VAT) revenues were lost across the EU in 2014 according to figures released by the European Commission. Research shows that the overall difference between the expected VAT revenue and the amount actually collected (the so-called 'VAT Gap') amounted once again to an unacceptably
Barriers to SMEs growth in the EU
mall and medium-sized enterprises (SMEs), which represent 99% of all businesses in the EU, play a pivotal role in its economy. Nevertheless, in comparison to larger firms, they often face significant obstacles – internal, administrative and financial – which affect them disproportionately. SMEs have been affected negatively by the economic crisis,
CETA – an EU free trade deal with Canada
COSME: Competitiveness of Enterprises and SMEs
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
Towards a more innovative single market
ays to unleash the full potential of the single market to the benefit of consumers, employees and businesses, in particular start-ups, are proposed in a report voted by Internal Market Committee MEPs. Priorities include eliminating unjustified barriers to trade, helping SMEs and start-ups to scale up their activities, reforming VAT
Montenegro’s Cabinet held thematic session dedicated to structural reforms
Montenegrin Cabinet held thematic sitting dedicated to structural reforms in Kolašin, Montenegro’s winter tourist center. 1st day: pening the session, Prime Minister Milo Đukanović stressed that it is the Government’s responsibility to offer before the end of the mandate their vision of the continuation of structural reforms, with clear guidelines that will serve
Understanding Innovation
nnovation can be defined as the adoption of new products, processes, marketing or organisational approaches that create a valuable outcome in terms of financial benefit, wellbeing or efficiency, to name a few. Given its impact on smart, inclusive and sustainable growth, innovation is at the heart of European policies and