SME Strategy for a sustainable and digital Europe

SME STRATEGY FOR A SUSTAINABLE AND DIGITAL EUROPE

The role of SMEs in EU and Bulgaria

enterprises

99.81%

enterprises

99.84%

jobs

74.74%

jobs

64.15%

added value

62.40%

added value

50.80%

The Role of SMEs in Industrial Ecosystems

Добивна промишленост

Mining and quarrying

Хуманно здравеопазване социална работа

Administrative and support service activities

Transportation and storage

Преработваща промишленост

Хуманно здравеопазване социална работа

Manufacturing

Accommodation and food service activities

Education

Производство и разпределение на електрическаи топлинна енергия и на газообразни горива

Electricity, gas, steam and air conditioning supply

Information and communication

Human health and social work activities

Доставяне на води; канализационни услуги, управление на отпадъци и възстановяване

Хуманно здравеопазване социална работа

Water supply; sewerage, waste management and remediation activities

Financial and insurance activities

Arts, entertainment and recreation

Строителство

Хуманно здравеопазване социална работа

Repair of computers and personal and household goods

Construction

Real estate activities

Хуманно здравеопазване социална работа

Wholesale and retail trade; repair of motor vehicles and motorcycles

Professional, scientific and technical activities

Other personal service activities

Significance of the SME Strategy for Small Businesses in Europe, including Bulgaria:

• sets development goals;
• acts as the foundation for the European Commission's policies and investments in SMEs

The Double Transition: Challenges in the Green Transition and Digitalization

85%

68%

75%

Information and communication

*Bulgaria, data: The National Statistical Institute, 2023

Construction

*Bulgaria, data: The National Statistical Institute, 2023

The SME strategy addresses the most pressing problems faced by SMEs:

• regulatory barriers/administrative burdens;
• delayed payments;
• poor access to finance;
• lack of skills

Accommodation and food service activities

*Bulgaria, data: The National Statistical Institute, 2023

Mining and quarrying

*Bulgaria, data: The National Statistical Institute, 2023

Transportation and storage

*Bulgaria, data: The National Statistical Institute, 2023

Arts, entertainment and recreation

*Bulgaria, data: The National Statistical Institute, 2023

Repair of computers and personal and household goods

*Bulgaria, data: The National Statistical Institute, 2023

Real estate activities

*Bulgaria, data: The National Statistical Institute, 2023

Other personal service activities

*Bulgaria, data: The National Statistical Institute, 2023

Human health and social work activities

*Bulgaria, data: The National Statistical Institute, 2023

Financial and insurance activities

*Bulgaria, data: The National Statistical Institute, 2023

Water supply; sewerage, waste management and remediation activities

*Bulgaria, data: The National Statistical Institute, 2023

Electricity, gas, steam and air conditioning supply

*Bulgaria, data: The National Statistical Institute, 2023

The three pillars:

1. Digitalization and sustainability: focuses on capacity building;

2. Access to finance: compensates for market deficits;

3. Reduce bureaucracy: reduces administrative burdens and speeds up payments

Wholesale and retail trade; repair of motor vehicles and motorcycles

*Bulgaria, data: The National Statistical Institute, 2023

Education

*Bulgaria, data: The National Statistical Institute, 2023

Professional, scientific and technical activities

*Bulgaria, data: The National Statistical Institute, 2023

EU SME strategy: a long-term framework for economic recovery

Key points:

• sustainability;
• digitalization;
• stability

Manufacturing

*Bulgaria, data: The National Statistical Institute, 2023

Administrative and support service activities

*Bulgaria, data: The National Statistical Institute, 2023