(IN BRIEF) A recent KfW survey reveals that SMEs in Germany spend, on average, 32 hours per month complying with legal requirements, costing the economy EUR 61 billion annually. This significant time investment is particularly challenging for sole traders and … Read the full press release →
Posted in Banks, Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Small Business, Technology
Tagged administrative burden, bureaucracy, business competitiveness, construction industry, data protection, Dr. Michael Schwartz, economic policy, environmental regulations, Germany, KfW, legal compliance, personnel costs, regulatory costs, small businesses, SMEs, tax compliance
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