SMEs are the backbone of the EU economy and have been placed in the focus of European policy following the adoption of the Small Business Act in 2008. This study makes a comprehensive overview of EU support initiatives for SMEs in the period 2007-2015 with the aim to assess the effectiveness of EU SME policies – both in terms of their formulation and implementation.
The "Smart Cities" project is a follow-up to the European Economic and Social Committee (EESC) own-initiative opinion on smart cities as a driver of a new European industrial policy, adopted in July 2015.
The EESC "Smart Islands" project is based on the own-initiative of the European Economic and Social Committee (EESC) on Smart islands TEN/558.
The business sector in Europe believes a deep and comprehensive Transatlantic Trade and Investment Partnership (TTIP) can further enhance this economic relationship and ensure that everyone enjoys the benefits of trade and investment ties more fully.
The document is a summary of the discussion on the Impact of the TTIP in Malta, which took place in Valletta, Malta on 9 March 2015. The meeting was organised together with the Malta Chamber of Commerce, Enterprise and Industry.
Small and medium-sized enterprises (SMEs) are the backbone of the EU economy. According to Commission estimates, the overall contribution of SMEs to EU-27 value added was more than 57% (EUR 3.4 trillion) in 2012. Although the role of SMEs in the EU economy is crucial and their well being should be a priority for European policymakers, they struggle with access to finance, especially in the countries severely hit by the crisis. The Greek experience can and should be taken as a case study and conclusions drawn on how to improve the system for the future.