Strengthening SMEs' competitiveness in the EU, especially vis-à-vis companies from outside Europe, is not possible without reducing excessive regulatory burdens, including the reduction of reporting obligations. The problem of overregulation of EU law, especially in comparison with other parts of the world, has been repeatedly pointed out by organisations representing European entrepreneurs. The opinion aims at identifying the reasons for introducing excessive regulatory burdens in EU law and the areas that restrain SMEs' competitiveness the most. The opinion analyses the impact of the new sustainability reporting obligations (both those already introduced and those planned) on the SMEs' competitiveness, by indicating the actual benefits of this process.
Improving Micro Small and Medium Enterprises’ (MSMEs) financial resilience is crucial to avoid unnecessary bankruptcies, loss of jobs and mitigate the impact of the past, ongoing and future crisis.
Download — Γνωμοδότηση της ΕΟΚΕ: Strengthening MSMEs’ financial resilience and promoting second chance for entrepreneurs
