Data & Trends
The Community guidelines on State aid to promote risk capital investments in small and medium-sized enterprises set out the conditions that Member States should respect when granting State aid to promote access to risk capital for SMEs in their early development stages, particularly with a view to ensuring that such aid targets a proven equity gap and does not crowd out financial markets. The Risk Capital Guidelines apply from 18 August 2006.
In Europe, what started out four years ago as a sovereign debt crisis, morphed into a euro currency crisis and led to the fall of several European governments, has now triggered a full-blown crisis of public confidence: in the economy, in the future, in the benefits of European economic integration, in membership in the European Union, in the euro and in the free market system. The public is very worried about joblessness, inflation and public debt, and those fears are fueling much of this uncertainty and negativity.
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Europe’s 23 million small and medium-sized enterprises (SMEs) are the lifeblood of Europe’s economy, accounting for over 98% of businesses. They have provided two thirds of the total private employment and around 80% of new jobs created over the past five years.
However, these are tough times for small firms. Cash flow problems and red tape, along with the global economic downturn, mean companies need a helping hand to weather the storm.
So, in order to promote innovation and job creation, the European Union is pulling out all the stops to support SMEs.
Recently the annual survey carried out by the e-Business Research Centre (Eltrun) of the Athens University of Economics and Business Economic has been completed on the total market of e-commerce and the attitude of Greek online consumers.
Despite stabilizing trends during the 2nd semester, Greeks consumers have spent 1.7bn euros for total purchases of products and services during 2011, a 30% increase compared to 2010.
The annual frequency and value of purchases by Greek online consumers is comparable to the European average.
The Arab-EU Business Facilitation Network is funded by the Danish Ministry of Foreign Affairs as part of the co-called “Arab Initiative”, which was launched in 2003 and includes the objective of strengthening the private sector organizations in order to improve sustainable and inclusive economic growth.
The Network is facilitated by the Confederation of Danish Industry (DI), which is one of the World’s leading business and employers organizations with 15 years of experience within capacity building of business organizations in developing countries.
In the framework of the new Multiannual Financial Framework 2014-2020, the European Commission presented on November 30th 2011 the basic features and the Proposal for a Regulation of the European Parliament and of the Council establishing a Programme for the Competitiveness of enterprises and small and medium-sized enterprises– COSME for the new programming period 2014-2020.
China’s once-overwhelming manufacturing-cost advantage over the U.S. is eroding fast.
Within five years, rising Chinese wages, higher U.S. productivity, a weaker dollar, and other factors will virtually close the cost gap between the U.S. and China for many goods consumed in North America.
A U.S. manufacturing renaissance could result.
Entrepreneurship at a Glance is a new publication that presents key indicators on entrepreneurship. Until recently, most entrepreneurship research relied on ad hoc data compilations developed to support specific projects and virtually no official statistics on the subject existed. The collection of harmonized indicators presented in this publication is the result of the OECD-Eurostat Entrepreneurship Indicators Programme (EIP). The programme, started in 2006, is the first attempt to compile and publish international data on entrepreneurship from official government statistical sources.
According to the analysis of the export statistical data of the Hellenic Statistical Authority (EL.STAT), by the Hellenic Foreign Trade Board (HEPO), Greece's exports in garments – items from furskins, in 2010 rose by 30% compared to 2009.
Russia remains, in 2010, the first destination for Greek exports and represents 51% of total exports in the sector. followed by the United Arab Emirates and the U.S.A. with 33.9% and 3.5% share respectively.
According to the analysis of the export statistical data of the Hellenic Statistical Authority (EL.STAT) by the Hellenic Foreign Trade Board (HEPO), Greece’s exports in canned apricots, cherries, peaches during 2010 increased by 9.8% compared to 2009.
Germany remains, for 2010, the first destination country of Greek exports and represents 26.1% of the overall exports of this sector, followed by France and UK with 10.3% and 9.9% share respectively.