MittelstandsWiki

Opinions on credit assessments which were introduced in the course of Basel II are divided among German small and medium-sized entities (SMEs). The »MIND – SMEs in Germany« study which is regularly conducted by the Deutsche Sparkassen- und Giroverband (DSGV) and the »impulse« business magazine revealed that fifty percent of the more than 500 company bosses questioned think that the new rating process had not been worthwhile. The other half, however, said that there have been benefits to their companies. +++

Proprietary companies are to be defined in a uniform way throughout the EU. Therefore the European Commission considers the introduction of uniform rules and regulations for the „European proprietary company«. The new legal form is to facilitate cross-border business in particular to small and medium-sized entities. +++

According to the Federal Statistical Office the German consumer price index for Germany will probably rise by 1.9% in July this year as compared to July 2006. In June this year the annual increase was 1.8%. As compared to June 2007 prices rose by 0.4% in July 2007. +++

The EU Commission advocates more involvement of shareholders in determining the salaries of top managers. In this context two reports were presented which both come to the conclusion that even though corporate governance standards are being applied they are not used frequently enough. +++