Concerns of European Commission for small and medium size enterprises development

Abstract

European Commission initiated development programs for small and medium size enterprises (SMEs) comprised in SBA initiative. The respective programs establish measures in order to
facilitate: setting up in a short time span of SMEs, access to finance, as well as the possibility of introducing it both European Single Market and global market processed products and
performed services. A concern of European Commission consisted in recommendation made to Member States that,
by means of national programs, will support the SMEs development by offering the possibility of attendance to cross-border transactions with European Single Market. European Commission’s programs were supported by European Council and approved by European Parliament, following that every Member State will establish programs and initiatives on national level. European Commission’s strategy concerning SMEs  development is the increase of their number, labour force absorption and a faster economic and financial crisis traversing.