What is the EU definition of an SME?
President of the European Commission. ‘The category of micro, small and medium-sized enterprises (SMEs) is made up of enterprises which employ fewer than 250 persons and which have an annual turnover not exceeding EUR 50 million, and/or an annual balance sheet total not exceeding EUR 43 million.
What sector is European Commission?
The European Commission (EC) is the executive branch of the European Union, responsible for proposing legislation, enforcing EU laws and directing the union’s administrative operations.
What are the different industry types you get in business in Europe?
Textiles, fashion and creative industries
- ELIIT project.
- Fashion and high-end industries.
- Textiles and clothing industries.
- Footwear industry.
- Leather industry.
- Skills.
What are the biggest economies in Europe?
Europe’s largest national economies with GDP (nominal) of more than $1 trillion are:
- Germany (about $4.3 trillion),
- United Kingdom (about $3.1 trillion),
- France (about $2.9 trillion),
- Italy (about $2.1 trillion),
- Russia (about $1.7 trillion),
- Spain (about $1.5 trillion),
- Netherlands (about $1.0 trillion),
What is a large company EU?
Small enterprises are enterprises that employ between 1 and 49 employees, with annual turnover of up to EUR 10 000 000, medium-sized enterprises employ 50– 249 employees, with annual turnover of up to EUR 50 000 000 and large enterprises have over 250 employees, with annual turnover from EUR 50 000 000 and more.
Who is EU Commission?
The European Commission is the executive body of the EU and runs its day-to-day business. It is made up of the College of Commissioners, 27 European Commissioners, one for each member state, who are each responsible for one or several policy areas.
Why is European industry important?
Industry plays an important role in the economic structure of the European Union. It accounts for 83% of EU exports, and more than 30 million jobs. This makes it essential for the EU to have a consistent and targeted industrial policy in place, which is able to generate growth and prosperity and to safeguard jobs.