investmentGATEWAY

Precise and personalised approach
INVESTMENT FAQs  | AVOID SCAMS
In some cases, fraudulent emails might claim to represent Investment Gateway and offer certain benefits. Investment-Gateway.eu does not send any such emails to request information. This website's service is purely informative, and to help direct interested parties to professional corporate services via third party consultants in Cyprus and the European Union.

Be aware. Ignore such emails and do not reply.


Thank you

Investment-Gateway.eu

Empowering the EU’s SMEs

EU budget: New Single Market programme to empower and protect Europeans.

Published on: 07 June 2018

For the next long-term EU budget 2021-2027, the Commission is proposing a new, dedicated €4 billion programme to empower and protect consumers and enable Europe's many small and medium-sized enterprises (SMEs) to take full advantage of a well-functioning Single Market.

The new programme will strengthen the governance of the EU's internal market. It will support businesses' – and in particular SMEs' – competitiveness and will promote human, animal and plant health and animal welfare, as well as establish the framework for financing European statistics.

"The Single Market is the beating heart of the EU. In the 25 years of its existence it has brought enormous benefits to EU citizens and businesses. For the Single Market to stay fit for purpose, we need to look after it properly. Today we are proposing a new programme to further increase the positive impact on Europeans," said Commissioner for the Internal Market, Industry, Entrepreneurship and SMEs, Elżbieta Bieńkowska.

The new Single Market Programme will support:

Consumer protection and empowerment: The new programme will guarantee the enforcement of consumer rights, ensure a high level of consumer protection and product safety and assist consumers when they encounter problems, for example when shopping online. It will also facilitate consumers' access to redress, as proposed in the New Deal for Consumers.

Competitiveness of businesses, in particular SMEs: Building on the success of the current programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises (COSME), the Commission is proposing to strengthen the support given to small business to scale up and expand across borders;

A high level of human, animal and plant health: EU citizens will continue to have access to safe and high quality food in the integrated European Single Market. Under the new programme, funding will support the safe production of food, the prevention and eradication of animal diseases and plant pests, and the improvement of animal welfare in the EU. It will also promote market access for EU food producers, contribute to exports to third-countries, and significantly support the agri-food industry as a leading sector of the EU economy;

Effective enforcement and first class standards: The programme will strengthen cooperation between Member States and the Commission to ensure that EU rules are properly implemented and enforced. The programme will also support European standardisation organisations in developing up-to-date and future-proof standards.

Fair competition in the digital age: The programme will help the Commission to further enhance its IT tools and expertise that it uses to effectively enforce competition rules in the digital economy (i.e. to respond to market developments such as the use of big data and algorithms) as well as to strengthen cooperation between the Commission and Member State authorities and courts.

High quality European statistics: The programme will provide funding to national statistics institutes for the production and dissemination of European statistics which are indispensable for decision-making in all policy areas.

Next steps

A swift agreement on the overall long-term EU budget and its sectoral proposals is essential to ensure that EU funds start delivering results as soon as possible. Delays similar to the ones experienced at the beginning of the current 2014-2020 budgetary period would reduce the financial assistance and technical support provided to SMEs, disturb actions to guarantee food or product safety and disrupt the development of new standards.

An agreement on the next long-term budget in 2019 would provide for a seamless transition between the current long-term budget (2014-2020) and the new one and would ensure predictability and continuity of activities to the benefit of all.

Background

The Commission is proposing a budget of €4 billion for the Single Market Programme. In addition, €2 billion allocated under the InvestEU Fund, in particular through its Small and Medium-Sized Enterprises Window, will significantly contribute to the objectives of programme.

The Single Market allows Europeans to travel freely, study, work, live and fall in love across borders. They can buy what they want, where they want, and benefit from greater choice and lower prices. European businesses – large and small – can expand their customer base and exchange products and services more easily across the EU. Simply put, the Single Market is Europe's best asset to generate growth and foster competitiveness of European companies in globalised markets.

The new Single Market Programme follows the Commission's vision for the next long-term budget proposed on 2 May 2018. It is a modern, simple and flexible programme which consolidates a large range of activities that were previously financed separately, into one coherent programme. This will reduce overlaps and improve cooperation. Ultimately, it will ensure continuity in the efficient delivery of the Single Market on the ground, while providing better value for money for EU citizens.

 

Return to Press Page

 

About Investment-Gateway.eu

One contact, multiple options

Established in 2011, Investment Gateway is an independent and impartial hub and initial point-of-contact to leading supplier-firms in Cyprus that provide professional services for investment purposes, including company formations, subsequent company administration and maintenance services, accounting and auditing, global tax planning, wealth management, as well as international banking. Investment Gateway introduces you to the right partner from a pool of pre-qualified supplier-firms, made-up of leading accounting, legal and consulting agencies in Cyprus.

The Investment-Gateway.eu platform is a completely free service, together with offering added-value content in general information, news updates, documents and analytics on the local Cypriot, European and global economy to help with investment strategies to the EU, Europe, Russia & CIS, Middle East & Africa, as well as around the world.

Investment Gateway Contact information:
Investment Gateway Media Investment Gateway Agents
www.investment-gateway.eu www.investment-gateway.eu
communications 'at' investment-gateway.eu info 'at' investment-gateway.eu

Investment-Gateway is an eco-friendly professional services platform, taking action on global climate change by offsetting carbon emissions on behalf of all clients. Learn More

European & Global Affairs  

Enhancing Tax & Customs Cooperation
11 June 2018
Customs and Fiscalis Programme
08 June 2018
Empowering the EU’s SMEs
07 June 2018
GDP & Main Aggregates Estimate Q1 2018
07 June 2018
Strengthening Europe's Economic & Monetary Union
31 May 2018
ECB Publishes its 2018 Convergence Report
23 May 2018
Q4 2017 Seasonally Adjusted Current Accounts
10 April 2018
Euro Area Bank Lending Survey 2018
24 January 2018
More flexibility on VAT
18 January 2018
EU Prospectus Regulation
17 January 2018
Economic and Financial Affairs Council - December 2017
05 December 2017
Protecting Europe's Know-how & Innovation Leadership
29 November 2017
Banking Union Must be Completed
11 October 2017
Resolving Double Taxation Disputes in EU
10 October 2017
FX Global Code of Conduct
26 July 2017
Prev |     Page 1 of 19

 

Economy, Finance & Tax News


Cyprus Economy & Tax

 

Interviews & Speeches

 

Review & Perspective on Cyprus
CEX.IO Bitcoin Exchange