According to the European Union report SMEs have a major role in contribution to macro economic growth. Between 2002 and 2008, SMEs in the EU-27 increased by 2.4 million (13%), whereas LSEs grew by 2,000 enterprises (5%). in terms of emplyment, the jobs in SMEs increased by 1.9% annually, while in LSEs it was 0.8%. […]

According to European Association, there are about 20 million enterprises in the European Union in 2008. A vast majority (99.8%) of the enterprises are SMEs, while the large scale enterprises numbered about 43,000 only. Due to its vast majority, SMEs have also a major share in economy in terms of contribution prodcution and labor productivity. […]

The Bank of England, reported that banks have made conditions for lendings to SMBs tighter. This resulted in decrease in lending rates to SMBs in June. According to a report on lending trends, by Banks’s, lending to small businesses squeezed in July, with all the businesses irrespective of size repaying an amount of more than […]

Though a considerable number of European SMEs are invoved in international activities, only a small percentage is in to internationalisation, reports EU. Here, internationalisation refers to all activities helpful for SMEs to get in to a meaningful business relationship with a foreign partner. These activities are exports, imports, foreign direct investment, international subcontracting and international […]

The European Union had conducted a study on European SMEs to know the latest level of internationalization, and derive reasons, recommendations and conclusions from it. From the final reports of the study, it was revealed that, though a considerable number of European SMEs were involved in international activities, only a small percentage were involved in […]

According to a survey by Behaviour and Attitudes for O2, on 300 SMEs, the number of SME directors teleworking or working from home, has doubled over the last five years. 50% (up by 25% five years ago) of SME directors in Ireland, telework at least one day a month. This has lead to the increased […]

According to the reports of European Association, the total number of SMEs present in all EU countries contribute to about two thirds of the total employment in the non financial business economy. In EU, SMEs provide employment to 90 million people, of which 40 million people are employed by 92% of micro firms, constituting about […]

As the GDP figures indicate, the UK economy has emerged from recession in Q4 of 2009, UK SMEs are actively searching for options so as to make sure that, they take the best possible advantage of the opportunities, when the upturn comes. This is because of growing awareness of the importance of Internet in businesses. […]

Amidst the reports that the Government is acting tough with the banks that fail to provide affordable lending to small firms, the SMEs are still finding it difficult to get access to the finance. This was reported by Forum of Private Businesses. A green paper entitled, ‘Financing a Private Sector Recovery’ stated that banks failing […]