In the press
Faced with inflation, an economic slowdown and tightening regulations, small and medium-sized enterprises are operating in a difficult environment. To help them move forward, we need to focus on improving their competitiveness.
Luxembourg's economic fabric is essentially made up of small- and medium-sized enterprises, if we stick to the most commonly accepted definition. This is a company with fewer than 250 employees, an annual turnover not exceeding €50m and an annual balance sheet total of less than €43m. “In Luxembourg, 99.5% of businesses are SMEs, representing more than 40,000 companies," says Stéphanie Damgé, director of entrepreneurship at the Chamber of Commerce and head of the House of Entrepreneurship.