Second chance means ensuring that honest entrepreneurs who have gone bankrupt get a second chance quickly.
Second chance means ensuring that honest entrepreneurs who have gone bankrupt get a second chance quickly. This is the SBA area where Hungary performs worst. As last year, it scores well below the EU average. In fact, it features among the three worst performing EU countries in this SBA domain. Since 2008, not much progress has been made. Except for the duration of insolvency procedures, which remain on a par with the EU average, the insolvency framework is weaker than elsewhere in the EU. This includes the costs of insolvency, which are almost 50 % higher in Hungary than in the EU in general. The fact that the degree of support for a second chance is much lower than in the EU in general ties in with the fact that, to date, no nationwide awareness-raising campaign to combat the stigma of business failure, as recommended by the SBA, has been implemented.
Second chance means ensuring that honest entrepreneurs who have gone bankrupt get a Second chancequickly. Overall, taking into account also the indicators on fear of failure rate and strength of insolvency framework, Bulgaria’s score on this SBA principle is in line with the EU average. However, the biggest concern remains the long time it takes to resolve insolvency (3.3 years), which is among the four poorest performances in the EU. On the other hand, Bulgaria has one of the lowest proportions of people with business opportunities who fear potential failure.
Examples of Second chance in a sentence
Second chance for entrepreneurs, discharge periods, opening of insolvency and restructuring proceedings, filing of claims and their verification, promotion of restructuring plans.
Second chance pre-condition mode shall initiate when engine speed is between 2200 and 2800 RPM and continue for 180 seconds.
Second chance idle test shall start when the vehicle engine speed is between 350 and 1100 RPM.
House Gov Ops Amendment LCPR10-8A (Poppe): MnSCU/TRA; Second chance referendum for certain IRAP member.
We need to ensure that care and support arrangements are tailored to individual needs and not restricted by labelling in particular categories, so that transitions between services are as seamless aspossible.
More Definitions of Second chance
Second chance means ensuring that honest entrepreneurs who have gone bankrupt get a second chance quickly. Germany continues to perform above the EU average in this area. Together with Finland and the Netherlands, it is one of the three top performing Member States. Its strong position is based mainly on the efficiency of its insolvency framework. As a result, the cost and the time required to resolve insolvencies are low compared to other EU Member States.
Second chance means ensuring that honest entrepreneurs who have faced bankruptcy get a second chance quickly. The Netherlands performs above the EU average also in this area. As with Entrepreneurship it ranks in the top three of all EU- 28 Member States. The strength of its performance is rooted in its efficient insolvency framework. The process of resolving insolvency is much faster and costs much less than in the EU in general. This may contribute to the relatively low rate of fear of failure in the Netherlands. This is the only indicator which has
Second chance means ensuring that honest entrepreneurs who have gone bankrupt get a second chance quickly. Finland is not only performing above the EU average in this area, but holds the top spot in the EU. There has been only one significant change compared to last year: the fear of failure dropped from 36.7 % to 32.6 %, a reflection of the improving economic climate for SMEs and the decline in bankruptcies. Since 2008, Finland´s performance has slightly deteriorated. However, the country still offers one of the best environments for entrepreneurs seeking a second start after a failed venture. In particular, the insolvency framework is competitive. In Finland it only takes half the time it takes in the EU in general to conclude an insolvency procedure. The costs associated with the procedure are only a third of the costs in the EU on average.
Second chance means ensuring that honest entrepreneurs who have gone bankrupt get a second chance quickly. Greece´s performance has improved to be on a par with the EU average compared to last year. This is due to a significant drop in the fear of failure rate from 61 % last year to less than 47 % this year. This is one of the sharpest increases in positive business sentiment in the entire EU. It is also in line with the more moderate recent improvements on a number of entrepreneurship indicators. It is too early, though, to see this improvement as a sign of a more permanent upturn in business sentiment. The fear of failure is still one of the highest in the entire EU. It is partially explained by the persisting difficult environment entrepreneurs who want to start a new business after a previous failure face. The key challenge remains to reduce the amount of time it takes to complete insolvency procedures, still among the most time-consuming in the entire EU.
Second chance is an anti choking device in prototype form developed by Seller.
Second chance means ensuring that honest businessmen who have experienced bankruptcy can quickly get a second chance.
Second chance means ensuring that honest entrepreneurs who have gone bankrupt get a Second chancequickly. The Czech Republic’s performance was in line with the EU average. This was also the area in which the country has made considerable progress (second only to State aid & public procurement) since 2008.