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European Chambers of Commerce welcome the support for SMEs but fear that the Europe 2020 targets are jeopardised

 The Bulgarian Chamber of Commerce and Industry as part of the group of the Association of European Chambers of Commerce and Industry (EUROCHAMBRES) supports the proposed 5% increase in the post-2013 EU budget, while regretting the minimal shifts in how the funds will be spent.

“The overall increase in the budget is in line with Chambers’ desire for “more Europe”. However, the Commission’s spending proposals fall a long way short of the quantum leap that we were anticipating as a result of the lengthy EU budget review process”, said Arnaldo Abruzzini, Secretary General of EUROCHAMBRES, commenting on the just presented proposal for the next Multiannual Financial Framework for 2014-2020. 
The support for small and medium enterprises (SMEs) is welcomed. 

Although targeted financial support for SMEs accounts for a miniscule percentage of the overall package, Chambers are pleased that the EU budget will continue providing such support through a new “Competitiveness and SMEs Programme”. Moreover, the proposal’s emphasis on innovative financial instruments to more effectively leverage investment is welcomed.

However, Europe 2020 targets are jeopardised. “The 2014-2020 EU Budget is a key element in the delivery of the Europe 2020 Strategy. The priorities reflect this, but the limited redistribution between the headings suggests a tentative approach to meeting the strategy’s targets at a time when we need to be ambitious and decisive,” added Mr. Abruzzini. 

“We must make use of the capacity of our colleagues from the Association of European Chambers of Commerce and Industry and their wider experience in the common European space. At the same time, we have to evaluate the signals coming from our European colleagues from the point of view of the interests of Bulgarian economic subjects. And in order to succeed we have to engage on time in these discussions as many Bulgarian entrepreneurs as possible”, the President of BCCI Tsvetan Simeonov commented.

 
EUROCHAMBRES – The Association of European Chambers of Commerce and Industry represents over 20 million enterprises in Europe – 93% of which are SMEs – through members in 45 countries and a European network of 2000 regional and local Chambers. 

01.07.2011

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