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’ve come to think of Europe as a hardcover book, America as the paperback version.”
—Don Delillo (b. 1926)
“In everyone’s youthful dreams, philosophy is still vaguely but inseparably, and with singular truth, associated with the East, nor do after years discover its local habitation in the Western world. In comparison with the philosophers of the East, we may say that modern Europe has yet given birth to none.”
—Henry David Thoreau (1817–1862)
“Can we never extract the tapeworm of Europe from the brain of our countrymen?”
—Ralph Waldo Emerson (1803–1882)