Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-058-500"
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"en.20120522.4.2-058-500"2
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"The situation of small and medium-sized enterprises (SMEs) in the European Union must be taken very seriously, since SMEs make up over 99% of the total number of companies in both Estonia and the EU, and it is therefore important that financing from European Union Structural Funds and other financial resources should be available to that large majority. I believe that the situation of SMEs and the use of European Union funding should be made more efficient and that it must be ensured that there is no repeat of the liquidity crisis which took place during the financial crisis and which had a particularly strong effect on SMEs. Another extremely important issue is the reduction in bureaucracy in order to ensure that SMEs have greater and easier access to support from Structural Funds, and also to ensure the subsequent monitoring of its use. The requirements for the preparation and submission of annual reports and financial reporting by SMEs should also be harmonised and simplified in order to reduce their administrative burden. I sincerely hope that the increased and simplified accessibility of financial resources and structural support to small and medium-sized companies will, in the near future, help give a significant boost to the European economy."@en1
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