(IN BRIEF) A KfW Research survey has revealed that SMEs in Germany are spending an average of 32 hours per month to comply with legal requirements, costing the economy EUR 61 billion annually. The survey also highlighted expectations for wage … Read the full press release
Posted in Banks, Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Small Business, Technology
Tagged administrative costs, construction sector, cost burden, Deutsche Bundesbank, Dr. Elisabeth Grewenig, economic policy, Financial Challenges, Focus on Economics, German economy, KfW Research, KfW SME Panel, legal compliance, services sector, small and medium-sized enterprises, SMEs, wage costs, wage expectations
(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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