Small and Medium-sized Enterprises (SMEs) are vital to the European economy but often encounter significant administrative and regulatory challenges that hinder their participation in EU programmes. By looking at the challenges encountered by SMEs, the EESC Opinion focuses on identifying the simplification changes needed to make real and tangible improvements for SMEs. This could include looking at how to increases their involvement in EU initiatives that offer access to finance, innovation opportunities, and essential networks, thereby fostering their growth, competitiveness, and long-term success.
The Commission proposal is an important element of the Savings and Investments Union agenda. The EESC recognises the benefits of a multi-pillar pensions system, calls for a holistic approach, proposes a number of amendments to the legislative proposals to better serve its objectives, and explores changes on governance.
