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Croatia to incorporate 2 EC regulations into enterprises legislation

Autor: ;mses;
BRUSSELS, March 28 (Hina) - Regarding the enterprise and industrialpolicy chapter, which was the topic of an explanatory screeningbetween Zagreb and the European Commission, Croatia will have toincorporate two regulations from the EU acquis communautaire: arecommendation defining micro, small and medium-sized companies and adirective tackling late payments, the head of Croatia's negotiatingteam on this chapter, Olgica Spevec, said in Brussels on Tuesday.
BRUSSELS, March 28 (Hina) - Regarding the enterprise and industrial policy chapter, which was the topic of an explanatory screening between Zagreb and the European Commission, Croatia will have to incorporate two regulations from the EU acquis communautaire: a recommendation defining micro, small and medium-sized companies and a directive tackling late payments, the head of Croatia's negotiating team on this chapter, Olgica Spevec, said in Brussels on Tuesday.

Croatia will have to incorporate into its small enterprise legislation a new European definition of micro, small and medium-sized enterprises, which will enable a higher number of enterprises to be listed in the category of small and medium-sized enterprises and qualify for higher state subsidies, Spevec said.

Under the European definition, micro companies are those with up to 10 employees and an annual turnover of up to two million euros.

Small companies have up to 50 employees with an annual turnover of up to 10 million euros, and medium-sized companies employ 51 to 250 workers and have an annual turnover of up to 50 million euros.

The directive tackling late payments stipulates that payments should be carried out within 30 days. Everything later than 30 days, except longer time terms regulated by agreements, is considered overdue payment.

(Hina) ms

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