Digitalisation of SMEs as the Precondition for Boosting the EU Competitiveness

Digitalization offers opportunities to improve citizens' lives, but it requires understanding and implementation, evolving skills, and cross-sectoral cooperation with stable and transparent regulations.

SMEs are regularly referred to as the backbone of the European economy. According to the European Commission’s data, they represent 99% of all businesses in the EU, provide 2 out of 3 jobs in the EU and generate 50% of Europe’s GDP and, importantly, SMEs undertake about half of all innovation activities within the EU.