The European Parliament has approved a new category of companies, small mid-cap enterprises (SMCs), which will benefit from a simpler legal framework and exemptions previously available only to SMEs. This move aims to reduce administrative burdens and foster business growth in the EU, with the goal of enhancing competitiveness against global powers. SMCs will enjoy simplified rules in data protection, capital markets, and critical infrastructure, while the European Commission aims for a 25% reduction in administrative burdens by the end of its mandate. Teljes cikk (Euronews.com)