EUROPEAN BUSINESS, STRUCTURE AND PERFORMANCE

Abstract

Small and medium-sized enterprises (SMEs) are key to the economy, creating more than 85% of new jobs in Europe. To ensure sustainable development, SMEs should be a priority in national and international strategy, supported through laws, by-laws and development mechanisms. According to the European Union, nine out of ten enterprises are SMEs, generating two out of every three jobs and contributing significantly to global market sustainability.