Business Climate: Which country is the best in class for SMEs?

Business Climate: Which country is the best in class for SMEs?

Small- and medium-sized enterprises (SMEs) are crucial for economic growth and prosperity worldwide. They represent about 90% of global businesses and more than 50% of total employment. In the EU, they represent 99% оf all businesses and more than 60% of the value added. However, several reports and surveys have revealed that SMEs face disadvantages in accessing finance, failures in competition and excessive regulatory burdens relative to big companies.

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