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Belgium stresses FTA with India

Belgium Deputy Prime Minister and Trade Minister Didier Reynders feels the European Union (EU)–India Free Trade Agreement (FTA) will not only benefit companies from Belgium but also Europe and India. He also proposed re-negotiation of the India – Belgium Double Taxation Avoidance Agreement (DTAA) to not only exchange more information about money laundering but also help sustain investments. We have ...

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England-WRAP strengthens regional support to SMEs

WRAP announced recently that its expanded business development service will allow small-medium (SME) recycling businesses across England to use local expertise through regional business advisors. SMEs in the recycling or reprocessing industry can receive free support and advice at any stage of their business development, according to the recycling enabling organisation. In these challenging economic times, WRAP says its business ...

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UK-Flagship lending scheme under fire

Entrepreneurs have branded one of the government’s flagship lending plans for small businesses, the Enterprise Finance Guarantee Scheme (EFGS), a disappointment and a farce. Confusion over the need for personal security guarantees has left many small and medium-sized enterprise (SME) owners questioning the fundamental value of the scheme devised by the Department of Business and Regulatory Reform (BERR). Ben Way, ...

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Romania-SME project budget down to half of 2008 figures

The  public  money  earmarked  for  the 11  national programmes of the Romanian Ministry for SMEs, Commerce and Business Milieu has been halved to RON 22 million from 2008, although there have been promises that the SMEs will be allocated RON 100 million, Chairman of the CNIPMMR National Council of Romanian Private Small and MediumSized Enterprises Ovidiu Nicolescu told a news ...

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Malta-GRTU makes case for small businesses with MRA chief

An analytical report on the electricity tariff structure and the GRTU’s recommendations for the review of the existing electricity tariffs was presented to the chairman of the Malta Resources Authority by GRTU director general Vince Farrugia. The report evaluates the tariffs from the point of view of small and medium enterprises and the impact caused on SMEs as a result ...

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Santander to develop UK SME business

As part of Santander’s plans to develop its UK SME business, Alliance & Leicester will join the Enterprise Finance Guarantee Scheme from 6 March and Abbey has applied to participate in the European Investment Bank’s (EIB) €15 billion fund, which it has set aside to help SMEs throughout Europe, at an initial level of £100 million. Loans funded by the ...

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GMIT launches EU initiative for SMEs

  An EU initiative aimed at helping small to medium size enterprises (SMEs) to be competitive in the global market has been launched in Galway-Mayo Institute of Technology. The €8m project, titled ‘FutureSME, Framework 7 European Research Project’, will deliver a set of practical tools and methodologies that will assist SMEs to reach and maintain worldwide competitiveness. It will provide ...

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Europe cuts red tape for SMEs

THE European Commission on 26th February announced it would abolish accounting rules that oblige “micro enterprises” – those with fewer than ten staff and turnover below £880,000 a year – to submit audit reports to national authorities. Cutting the red tape will save about £5.6 billion a year in running costs incurred by Europe’s smallest businesses – as much as ...

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Erasmus for Young Entrepreneurs launched

Erasmus for Young Entrepreneurs is a pilot project initiated by the European Union (EU). It aims at helping new entrepreneurs to acquire relevant skills for managing a small or medium-sized enterprise (SMEs) by spending time in a business in another EU country. It contributes to improving their know-how and fosters cross-border transfers of knowledge and experience between entrepreneurs. The specific ...

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UK-‘Increasing number of workers’ claiming unfair dismissal from SMEs

A rising number of employees in the UK are claiming unfair dismissal from small to medium-sized enterprises (SMEs), it has been revealed. According to figures published by insurer Hiscox, there has been a threefold rise in such complaints over the last quarter. The firm suggested that the failure of businesses to adhere to correct statutory procedures when making staff redundant ...

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