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A directive is a legal act of the European Union that requires member states to achieve particular goals without dictating how the member states achieve those goals. A directive's goals have to be made the goals of one or more new or changed national laws by the member states before this legislation applies to individuals residing in the member states. Directives normally leave member states with a certain amount of leeway as to the exact rules to be adopted. Directives can be adopted by means of a variety of legislative procedures depending on their subject matter.
Small businesses are types of corporations, partnerships, or sole proprietorships which have a small number of employees and/or less annual revenue than a regular-sized business or corporation. Businesses are defined as "small" in terms of being able to apply for government support and qualify for preferential tax policy. The qualifications vary depending on the country and industry. Small businesses range from fifteen employees under the Australian Fair Work Act 2009, fifty employees according to the definition used by the European Union, and fewer than five hundred employees to qualify for many U.S. Small Business Administration programs. While small businesses can also be classified according to other methods, such as annual revenues, shipments, sales, assets, annual gross, net revenue, net profits, the number of employees is one of the most widely used measures.
The presence of the logo on commercial products indicates that the manufacturer or importer affirms the goods' conformity with European health, safety, and environmental protection standards. It is not a quality indicator or a certification mark. The CE marking is required for goods sold in the European Economic Area (EEA); goods sold elsewhere may also carry the mark.
A privacy policy is a statement or legal document that discloses some or all of the ways a party gathers, uses, discloses, and manages a customer or client's data. Personal information can be anything that can be used to identify an individual, not limited to the person's name, address, date of birth, marital status, contact information, ID issue, and expiry date, financial records, credit information, medical history, where one travels, and intentions to acquire goods and services. In the case of a business, it is often a statement that declares a party's policy on how it collects, stores, and releases personal information it collects. It informs the client what specific information is collected, and whether it is kept confidential, shared with partners, or sold to other firms or enterprises. Privacy policies typically represent a broader, more generalized treatment, as opposed to data use statements, which tend to be more detailed and specific.
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Government procurement or public procurement is the procurement of goods, services and works on behalf of a public authority, such as a government agency. Amounting to 12 percent of global GDP in 2018, government procurement accounts for a substantial part of the global economy.
The Capital Requirements Directives (CRD) for the financial services industry have introduced a supervisory framework in the European Union which reflects the Basel II and Basel III rules on capital measurement and capital standards.
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Design for All in the context of information and communications technology (ICT) is the conscious and systematic effort to proactively apply principles, methods and tools to promote universal design in computer-related technologies, including Internet-based technologies, thus avoiding the need for a posteriori adaptations, or specialised design.
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Small and Medium Enterprises (SMEs) are defined by the European Commission as having less than 250 employees, independent and with an annual turnover of no more than €50 million or annual balance sheet of €43 million.
The Late Payment Directive, 2011/7/EU is a Directive of the European Union concerning commercial late payments. It replaced the previous Late Payment Directive 2000/35/EC.
On 6 May 2015, the European Commission, led at the time by Jean-Claude Juncker, established the Digital Single Market strategy, intended to remove virtual borders, boost digital connectivity, and make it easier for consumers to access cross-border online content across the European Union. The Digital Single Market, which is one of the Commission's 10 political priorities, aims to fit the EU's single market for the digital age, moving from 28 national digital markets to a single one, and then opening up digital services to all citizens and strengthen business competitiveness in the digital economy. In other words, the Digital Single Market is a market characterized by ensuring the free movement of people, services and capital and allowing individuals and businesses to seamlessly access and engage in online activities irrespective of their nationality or place of residence. Fair competition conditions and a high level of protection of personal and consumer data are applied.
The Directorate-General for Defence Industry and Space is a department of the European Commission.
The European Accessibility Act is a directive of the European Union which took effect in April 2019. This directive aims to improve the trade between members of the EU for accessible products and services, by removing country specific rules. Businesses benefit from having a common set of rules within the EU, which should facilitate easier cross-border trade. It should also allow a greater market for companies providing accessible products and services. Persons with disabilities and elderly people will benefit from having more accessible products and services in the market. An increased market size should produce more competitive prices. There should be fewer barriers within the EU and more job opportunities as well.
The Capital Markets Union (CMU) is an economic policy initiative launched by the former president of the European Commission, Jean-Claude Junker in the initial exposition of his policy agenda on 15 July 2014. The main target was to create a single market for capital in the whole territory of the EU by the end of 2019. The reasoning behind the idea was to address the issue that corporate finance relies on debt (i.e. bank loans) and the fact that capital markets in Europe were not sufficiently integrated so as to protect the EU and especially the Eurozone from future crisis. The Five Presidents Report of June 2015 proposed the CMU in order to complement the Banking union of the European Union and eventually finish the Economic and Monetary Union (EMU) project. The CMU is supposed to attract 2000 billion dollars more on the European capital markets, on the long-term.
At around £290 billion every year, public sector procurement accounts for around a third of all public expenditure in the UK. EU-based laws continue to apply to government procurement: procurement is governed by the Public Contracts Regulations 2015, Part 3 of the Small Business, Enterprise and Employment Act 2015, and the Public Contracts (Scotland) Regulations of 2015 and 2016. These regulations implement EU law, which applied in the UK prior to Brexit, and also contain rules known as the "Lord Young Rules" promoting access for small and medium enterprise (SMEs) to public sector contracts, based on Lord Young's Review Growing Your Business, published in 2013.
References
- ↑ Desquitado, Tara. "5 Ways Europe Prioritizes SMEs, The 'Backbone' of its Economy". The Sociable. Retrieved 8 January 2018.
- ↑ European Commission, "Think Small First": A Small Business Act for Europe, Press Release IP/08/1003, published 25 June 2008, accessed 18 January 2024
- ↑ Bruno Dallago; Chiara Guglielmetti; Michele Rondinelli. 2012. The Consequences of the International Crisis for European SMEs: Vulnerability and Resilience. Routledge. pp. 95–96. ISBN 978-0-415-68085-1.
- ↑ Laura Gavinelli, 2016. Business Strategies and Competitiveness in Times of Crisis: A Survey on Italian SMEs. Springer. p. 229. ISBN 978-1-137-57810-5.
- ↑ Small and Medium-Sized Enterprises: U.S. and EU Export Activities, and Barriers and Opportunities Experienced by U.S. Firms, Inv. 332-509. DIANE Publishing. pp. 2–3. ISBN 978-1-4578-1598-0.
- ↑ European Commission, Small Business Act: Commission publishes new practical guidelines for Member States on how to make public procurement more SME-friendly, MEMO/08/435, published 25 June 2008, accessed 6 February 2024
- ↑ European Commission, European Code of Best Practices Facilitating Access by SMEs to Public Procurement Contracts, Commission Staff Working Document SEC(2008) 2193, pp. 4-5, published 25 June 2008, accessed 6 February 2024
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