The European Commission disclosed the mechanism for investment plan, that by providing 315 billion fund, the purpose of which is to generate european economy. The plan will support long term investments, provide financing to small and medium enterprises (SMEs) so as to reduce the risk of investment. The use of fund will be based on quality and viability. The plan will seek to facilitate business activity, remove obstacles that hamper private investment in Europe.
Juncker's commission aims to boost the economy and win back an increasingly skeptical public alienated by Brussels bureaucracy. Accordingly, the Commission will withdraw or change “stagnated” laws on, inter-alia, waste recycling and clean air, and key policies for the future of the 2020 targets. Therefore, Junker stated that 23 new laws would be put forward the next year. Although EU Commission vice president Frans Timmermans faced public stress, deregulation will be part of the agenda.
When it comes to promoting SMEs, online trading is conceived to be a useful way to boost EU economy, and the European Commission sees the promotion of online trading across the EU as a useful way to revive growth in stagnating EU economies. According to current obstacles including culture, language and trust, the plan will try to solve the problem by making the main media service providers, improving data protection and improving data accumulations. Also, the proposals to simplify cross-border VAT sales taxes for small businesses will be discussed. It is considered that the pro-innovation would help digital SMEs and startups to flourish in EU.
Besides, more jobs are expected to drive economic development, and start-ups are considered the main drivers of job creation. It’s important to develop light-weight corporate structure, to create a common entrepreneurship fees system as well as better regulation strategy for SMEs.
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