Fabian Demicoli

Small Business Act gets green light

 

 The Last Competitiveness Council  adopted a set of conclusions on the Small Business Act coupled with an action plan in annex. According to GRTU the document sets the right priorities for a serious and effective SME policy.

It fully embraced the "Think Small First" principle and showed a clear understanding on what must be done to improve SMEs' access to finance, reduce administrative burdens and tear down barriers to the completion of the internal market.

It also appreciated the introduction of a specific action plan, which must now become part of the European Economic Recovery Plan presented by the European Commission.

GRTU hopes that Government formally endorses the work of the Competitiveness Council. The SBA must be promoted at the highest political level to fully gain the recognition it deserves and especially in the light of the economic crises.

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