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:
“riding flatcars to Fresno,
Across the whole country
Steep towns, flat towns, even New York,
And oceans and Europe & libraries & galleries
And the factories they make rubbers in”
—Gary Snyder (b. 1930)
“Never before since Jamestown and Plymouth Rock has our American civilization been in such danger as now.... [The Nazis] have made it clear that not only do they intend to dominate all life and thought in their own country, but also to enslave the whole of Europe, and then to use the resources of Europe to dominate the rest of the world.”
—Franklin D. Roosevelt (1882–1945)
“No human being can tell what the Russians are going to do next, and I think the Japanese actions will depend much on what Russia decides to do both in Europe and the Far East—especially in Europe.”
—Franklin D. Roosevelt (1882–1945)