Regulatory environment

Europe SMEs

SMEs: with the odds stacked against them

Francisco Vidal | Covid, inflation and the new minimum wage hike are just additional problems for SMEs that suffer “a regulatory burden that suffocates them: a commercial establishment opening its doors in 2021 in any Spanish city would be affected by more than 3,000 regulations, from European to municipal”. SMEs make up the heart of Spain’s productive fabric and, in fact, by the end of 2022 there were 2.9 million…