Entrepreneurs facing difficulties no longer need to wait for bankruptcy to attempt to save their companies. European Directive 2019/1023 has introduced preventive restructuring tools that allow intervention whilst problems remain solvable. Research conducted within the OITBC project – funded by Erasmus+ and coordinated by Casartigiani Arezzo – has examined how eight countries are implementing this […]

Over 160 European small businesses learn to “read” crisis signals What do a carpenter from Arezzo, an accountant from Porto, a small businesswoman from Sofia, and a business consultant from Valencia have in common? They all attended training seminars for the European OITBC project and now know how to recognise the early warning signs that

Imagine driving your car without a dashboard: no speedometer, fuel gauge, or engine temperature indicator. Sounds absurd. Yet this is precisely how many small and medium-sized enterprises across Europe are “driving” their businesses: without adequate tools to understand when a crisis is approaching. SMEs represent 99% of all companies in the European Union and employ

In an economic context marked by growing challenges and uncertainties, small and medium enterprises need to prevent and manage financial crises more than ever. However, how prepared are European SMEs to handle these situations and use the regulatory tools the European Union provides? The study “Awareness and Readiness of European SMEs for Financial Distress” investigates

A recent study conducted as part of the European project “Observatory and Initial Training on Business Crisis for MSMEs” (OITBC-MSMEs) has highlighted significant shortcomings in the knowledge and preparedness of European micro and small enterprises regarding new regulations on preventive restructuring and insolvency. The OITBC-MSMEs project, funded by the Erasmus+ program under Key Action 210