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A new category of enterprises will be introduced into legislation

A new category of small and medium-sized enterprises will be introduced into legislation.
Svetlana Rudenco Svetlana Rudenco Reading time: 2 minutes
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According to a draft bill, this will include companies with fewer than 750 employees, with a net annual turnover of no more than 150 million euros or total assets of no more than 129 million euros.

The new category will be distinct from that of small and medium-sized enterprises (SMEs), but eligible companies will be able to benefit from support measures, financial instruments, state aid schemes and other public policies aimed at this business segment.

The draft also sets out specific rules for calculating financial indicators and the number of employees, taking into account the relationships between enterprises, including shareholdings and control relationships.

Furthermore, for enterprises in this category, the ceiling on the total eligible investment for business angel investors will be up to 5 million euros.

The introduction of this new category aims to expand the support available to growing companies and to create more favourable conditions for their development and financing.

This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.


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