The UN Micro, Small and Medium-sized businesses day is observed annually on June 27.
The day is celebrated in recognition of the work of MSMEs in local and global economies.
According to the data provided by the International Council for Small Business, MSME’s make up 90% of all firms and account on average for 60-70% of total employment and 50% of GDP.
The day is observed since 2017 after a UN General assembly resolution.