Micro, Small and Medium-sized Enterprises
After a large public consultation, the
European
Commission has adopted, on
6th May 2003,
a new definition of micro, small and medium-sized
enterprises (SME), which aims at promoting the growth,
the business spirit, the investments and the innovation,
as well as the cooperation and the clusters of the
independent enterprises.
|
Category:
|
Nr. of employees
|
Turnover
|
Total Balance
|
|
Medium Enterprise |
Less than 250 |
Less than 50 Millions € |
Less than 43 Millions € |
|
(definition
of 1996: 40 Millions €) |
(definition
of 1996: 27 Millions €) |
|
Small
Enterprise |
Less than 50 |
Less than 10 Millions € |
|
(definition
of 1996: 7 Millions €) |
(definition
of 1996: 5 Millions €) |
|
Micro-enterprise |
Less than 10 |
Less than 2 Millions € |
|
(not
appearing in the definition of 1996) |
These definitions shall be applied to all application
for the PRIME* programme, from
1st January 2005.
Art. 100 of Labour Code
*
PRIME programme: programme meant to the economy
modernization incentive
.
This note is
only for information and does not hold its divulgers
responsible. For thorough information you must consult
the Law.
