The European Commission will help businesses recover 600 million in cross-border claims! Small and medium enterprises represent 99 % of the total number of enterprises in the EU. Around 1 million of these companies today have problems with cross-border claims. The procedures for recovering debts in another country is complicated, which greatly increases costs for companies trading across the EU:'s internal borders. Legislative initiative will make it easier for businesses and individuals to collect receivables in other member states, and generally strengthen the trust of creditors, so that individuals and businesses do not hesitate to do business in the EU:internal market.
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