INDUSTRY AND ENGINEERING
Small firms get boost
The commission also proposes a new form of European company, to help small firms move beyond national borders. This new “European private company” rules would create a common start-up procedure throughout the EU and make it easier for companies to set up subsidiaries in other EU countries. Although small firms account for more than 99% of companies in the EU (and 70% of jobs), they remain mostly within national borders, unlike large companies.