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Europe Daily Bulletin No. 10389

31 May 2011
Contents Publication in full By article 11 / 36
GENERAL NEWS / (eu) eu/enterprise
Scaled-down financial rules for micro-enterprises

Brussels, 30/05/2011 (Agence Europe) - The ministers meeting for the Competitiveness Council on Monday 30 May reached a political agreement on the Presidency's compromise, which allows the Member States to make “micro-enterprises” with fewer than 10 staff members, a balance sheet of less than 250,000 euros and an annual turnover of under 500,000 euros exempt from the obligation to publish financial information and annual accounts, with the aim of reducing their administrative costs. This...

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