Press Release: Turkey joins COSME, the EU’s programme for SME financing

On the 16 October 2014 Turkey and the European Commission signed an agreement for Turkey to join the EU's Competitiveness of Enterprises and Small and Medium-Sized Enterprises Programme (COSME). Turkey was the fourth country from outside the EU sign an agreement to join the programme, following Montenegro, the former Yugoslav Republic of Macedonia and Moldova. Turkey's participation in COSME would help extend the EU's policy environment for SME success and growth to a wider area and hence help the EU and its neighbours combine forces to compete more effectively with other economic blocs.