GLOSSARY A-B-C-D-E-F-G-H-I-J-K-L-M-N-O-P-Q-R-S-T-U-V-W-X-Y-Z

SME - Micro, small and medium sized enterprises

Resume
Identification	Micro, small and medium sized enterprises
Acronym	SME
Source	European Commission
EC's Document	Commission: SME User Guide explaining the new SME definition
Description	Enterprises qualify as micro, small and medium-sized enterprises (SMEs) if they fulfil the criteria laid down in the Recommendation which are summarized in the table below: Enterprise category Headcount Turnover or Balance sheet total medium-sized <250 <= 50 million Euros or <= 43 million small-sized <50 <= 10 million Euros or <= 10 million micro-sized <10 <= 2 million Euros or <= 2 million
About SMEs	Micro, small and medium-sized enterprises are socially and economically important, since they represent 99 % of all enterprises in the EU. They provide around 65 million jobs and contribute to entrepreneurship and innovation.

See also:

• NORMAPME: European Office of Crafts, Trades and Small and Medium sized Enterprises for Standardisation.
• UEAPME: European Association of Craft, Small and Medium-Sized Enterprises

© 2015 University of Bremen. All rights reserved. Terms of use