Europe
EU member states have had individual definitions of what constitutes an SME. For example, the definition in Germany had a limit of 255 employees, while in Belgium it could have been 100.
In July 2011, the European Commission said it would open a consultation on the definition of SMEs in 2012. In Europe, there are three broad parameters which define SMEs: micro-entities are companies with up to 10 employees; small companies employ up to 50 workers, whilst medium-sized enterprises have up to 250 employees. SMEs are also defined as firms with either revenue (turnover) of €10–50 million or a balance-sheet total of €10–43 million.
Read more about this topic: Small And Medium Enterprises
Famous quotes containing the word europe:
“...I think the Americans are the only people who have good beds. I consider the American bedroom unparalleled for freshness, comfort, and cleanliness. It is worth going all over Europe in order to come home to one’s own bed.”
—M. E. W. Sherwood (1826–1903)
“Should the German people lay down their arms, the Soviets ... would occupy all eastern and south-eastern Europe together with the greater part of the Reich. Over all this territory, which with the Soviet Union included, would be of enormous extent, an iron curtain would at once descend.”
—Joseph Goebbels (1897–1945)
“The American is said to become full-flavored, and in time a most all-round man, through the polish which Europe can impart.”
—M. E. W. Sherwood (1826–1903)