Based on the data of the Chambers, Mr. Autias states that European funding for small and medium enterprises is necessary and imperative
In a perfectly clear way ND MEP Giorgos Autias, poses to the European Commission the issue of the support of Small and Medium Enterprisesciting data from the Chamber of Commerce and Industry of Piraeus.
Based on the data of the Chambers, Mr. Autias mentions the European funding for small and medium enterprises it is necessary and imperative. Ensuring access to green finance however does not exist since the criteria for submitting reports according to the Piraeus Chamber of Commerce and Industry are so complex, since the bodies only offer financing to projects over 2,000,000 euros. This practice automatically excludes small and medium-sized enterprises from green financing, given that the average loan guarantee from the European Investment Bank is 100,000 euros.
The MEP emphasizes that ensuring access to financing is vital to enable small and medium-sized businesses to make the green transition. Small and medium-sized enterprises, which form the backbone of the Greek economy, rely on sustainability, competitiveness, liquidity, innovation and the skills of employees
With his question, Mr. Autias asks the European Commission:
1. What will he do, so that small and medium enterprises can obtain flexible financing?
2. Will the reporting framework be simplified?
3. When will this process be completed?
Source: Skai
I am Janice Wiggins, and I am an author at News Bulletin 247, and I mostly cover economy news. I have a lot of experience in this field, and I know how to get the information that people need. I am a very reliable source, and I always make sure that my readers can trust me.