Brussels, 26/02/2009 (Agence Europe) - On Thursday 26 February, the European Commission adopted a proposal allowing member states to exempt very small companies from the requirements of directive 78/660/EEC on annual accounts of capital companies (see EUROPE 9846). This would affect micro-enterprises which have at least two of the following categories, having: - a turnover of less than €1 million; - a balance sheet total of less than €500,000; - fewer than 10 employees. According to the...