The event focused on analyzing the information barriers that SMEs face when searching for funds, especially in the case of bank loans, on possible solutions and on support and advisory structures.
The benefits of digitalisation for small and medium-sized enterprises (SMEs) are multiple, allowing them to boost competitiveness, expand market access and improve customer relations. In an information report adopted at its December plenary session, the European Economic and Social Committee (EESC) considers it necessary to support the digital transformation of SMEs with measures adapted to the specific needs of different types of companies.
While the risk of cyber attacks is growing, most European companies are still unprepared and unaware of the risk. This was highlighted in a recent study commissioned by the European Economic and Social Committee. Small and medium-sized companies (SMEs) are the most exposed, as they often cannot afford to invest adequately in cybersecurity. The level of investment in cybersecurity overall is insufficient. Most businesses do not realise its importance until after experiencing a security breach.
Achieving the Sustainable Development Goals (SDGs) requires more than political commitment, says the European Economic and Social Committee. Increased investment, especially by the private sector, is needed to address current economic, social and environmental challenges. The Committee therefore advises the EU and its Member States to adjust their investment and tax policies to enhance growth prospects, and thereby private sector contributions, to accomplishing the SDGs.
EU employers’ organisations call for an overhaul of the Small Business Act (SBA) to better accommodate the needs of Europe’s more than 21 million SMEs, which have created 85 % of new jobs in the past five years.
The EU crowdfunding framework proposed by the European Commission will help to build a capital markets union, foster innovation and support entrepreneurs and SMEs across the EU, says the European Economic and Social Committee (EESC) in a recently adopted opinion, which strongly supports the Commission's proposals. The proposed regulatory framework – a 29th regime, to exist in parallel with the 28 national regimes – will allow small, young and innovative enterprises in particular to strive for financing in all EU Member States.
Stakeholders stressed the importance of cohesion policy and the need for appropriate and effective funding
A fair, competitive and sustainable business environment that encourages enterprises to grow innovate, invest and trade – this is what representatives of the European employers ask from the next European Commission and Member States. The participants of the European Entrepreneurship Forum taking place in Bucharest agreed that it is time for a political recognition of SMEs – shifting from "think small first" approach to "act small first" principle.
On 9 November the European Economic and Social Committee (EESC) hosted a conference on Co-operative banks and innovation in SME financing. The event was organised in cooperation with the International Confederation of Popular Banks, the European Association of Co-operative Banks, the UNICO Banking Group and the European Association of Craft, Small and Medium-Sized Enterprises. The European Commission also took part. The conference looked at the growing role of technology players in SME financing and discussed their interaction with more traditional cooperative banks ...
The condition of the European economy, completing the Single Market, trade and Brexit – these are the top issues for European employers' organisations in the forthcoming months. On 29 March 2017, the Directors-General and Secretaries-General of BusinessEurope, EuroCommerce and Copa-Cogega presented their priorities and debated with the members of the EESC Employers' Group.