Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-12-Speech-4-244-000"
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"en.20110512.25.4-244-000"2
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"As the rapporteur accurately observed, small and medium-sized enterprises (SMEs) are the backbone of European society and the engine of our economy. This is also true of Lithuania, where 99.4% of Lithuanian companies employ fewer than 250 people. According to government statistics, in January 2011, there were more than 66 500 SMEs operating in Lithuania. What Lithuanians desperately need is smarter regulation, less bureaucracy and fewer administrative burdens. Obtaining planning permission is one of the greatest problems faced by investors in Lithuania. According to a report by the World Bank, 17 procedures need to be carried out in order to obtain permission and this may take 162 days. In this area, according to the World Bank’s classification, Lithuania ranks 59th in the world. Investor protection in Lithuania is an even greater problem; in this area, Lithuania ranks 93rd. This really is no good. I believe that a successful strategy for promoting innovative SMEs should not just be supported by subsidies, but by the creation of a business environment, where SMEs would have more freedom and improved access to various sources of financing. I also believe that SMEs should pay more attention to social and labour market issues, which have an impact on entrepreneurship and SMEs’ abilities to employ workers with the relevant skills."@en1
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