Strategies of the Development of Entrepreneurship and SME

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Technology Foresight in Greece 2001The document "Technology Foresight inGreece" is subsumed in the frame of theOperational Program "Competitiveness"2000-2006.Source: Cordis 45 Table 27.Doing BusinessNo Procedure Time to complete Cost to completeGet approval of the company’s nameby the Chamber of Commerce and 1 day EUR 331 IndustryFile company documents with the2 Athens Bar Association1 day **Sign the articles of incorporation€ 1,000 (Ranging from € 740 -5 days3 before a notary public€ 1,320)4 Deposit capital in a bank 1 day no chargePay the capital tax on theconcentration of capital to the local 1 day Capital tax, 1% of capital5 Tax AuthorityObtain a stamp from the Lawyers’EUR 30 cents (cost of the1 day6 Pension Fundstamp to be affixed)Obtain certification by the Lawyers7 Welfare Fund1 day EUR 5.8Submit the Articles of IncorporationMinimal charges of approx. €and register with the secretariat of1 day 5 for photocopying and stampthe Court of First Instance, whichdues8 issues a register numberSubmit summary of the Articles ofIncorporation to the Printing Officefor publication in the Official Gazette26 days EUR 271.809 (Fyllo Efhmeridas ths Kyvernhsews)Register at the Chamber of 1 day, simultaneous EUR 146,48 + 2.4 % stamp10* Commerce and Industrywith procedure 9dutyRegister with the relevant social 1 day, simultaneous11* security authoritieswith procedure 9No chargeObtain a Tax Registration Number 1 day, simultaneous12* (AFM)with procedure 9No charge1 day, simultaneous13* Make a sealwith procedure 9EUR 4014*Have the Tax Authority hole-stampthe company’s invoice and accountbooksNotify the Manpower EmploymentOrganization (OAED) within 8 days ofhiring a worker15** Takes place simultaneously with another procedure.** Detailed information can be found in the SourceSource: Doing business 461 day, simultaneouswith procedure 91 day, simultaneouswith procedure 9No chargeNo charge45http://cordis.europa.eu/erawatch/index.cfm?fuseaction=ri.content&countryCode=GR&topicID=3346http://www.doingbusiness.org/ExploreTopics/StartingBusiness/Details.aspx?economyid=77122
6.1.2. SME Support infrastructure“The strategic goal of the Government’s policy on SMEs is to release their vast potential forimproving competitiveness, increasing employment, enhancing economic growth and improvingsocial cohesion”. (National Reform Program 2005-2008, Implementation Report, 2006). Tofacilitate such activities, several organizations and implementations are provided by the Greekgovernment. The scope of National Council of Small and Medium Sized Enterprises, which makesproposals to the competent state organizations regarding actions and policy measures in supportof businesses and SMEs in particular, has been improved. Centers of Entrepreneurial andTechnological Development (KETA) are peripherally organized structures directed by the MoD,whose role is to inform and support the local enterprising community on the basis of theirindividual needs. Investor Reception Centre (KYE) –there are 52 of them, one in each county ofthe Country- informs entrepreneurs and future investors about the relevant legislation and therequired documentation for every business category; also receives applications and coordinatesbureaucracy procedures. Hellenic Centre for Investment (ELKE) is the national investment agencyresponsible for promoting, attracting and supporting foreign direct investment into Greece; as wellas informing investors on investment opportunities, providing information and guidance onprocedures required by central and local authorities, assisting in securing the necessary licensesand providing personalized assistance and advising the investor to ensure smooth implementationthroughout the investment process. New Economy Development Fund (TANEO), Guarantee Fundfor Small and Very Small Enterprises (TEMPME) facilitate the access of small and very smallenterprises into the financial system of Greece via providing guarantees &counter-guarantees, andundertaking part of their financial and commercial risk. Additionally, in order to provide flexiblefunding mechanisms for SMEs, the establishment of Venture Capital Funds, Seed Capital Fundsand Business Angels is being supported. In addition, VEPE is being expanded and upgraded, whilenew legislation is being enacted in order to turn the above network into modern business parks.The national legislation has been amended and CSF (Community Support Framework) fundingprocedures for SMEs have been simplified in order to reduce the administrative burden and tohandle more effectively the increasing participation of SMEs. The National Observatory for SMEshas been established in order to monitor the developments as far as the competitiveness of SMEsis concerned. Furthermore, studies for improving two SME Research and Analysis Institutes bySMEs bodies (GSEBBE, ESEE) are still continuing. Of particular significance is the role of theHellenic Foreign Trade Board (HEPO) that has been actively promoting Greek exports and isplaying an increasing role in coordinating export activities in the periphery and facilitating theopenness of SMEs. From 2004 until the end of 2006, HEPO has implemented 210 actions for thepromotion of Greek products. Operational Program “Information Society” (initiatives “Go Online”,“Meteho”, “and Go electronically” etc.) introduces internet to small and very small enterprises.Also several measures are implemented in Greece to facilitate and increase innovative capacity ofSMEs. Some of them are presented below:Reinforcement of SMEs in subcontracting: The scheme supports the SMEs for developingsubcontracting in the manufacturing sector. The aim is to accelerate their modernization andbecome more competitive.Regional Innovation Poles: The program aims at the development of research and technologicalactivities in business enterprises, the reinforcement of innovation in SMEs, and the developmentof the public research and technological infrastructures of regional interest, related to the prioritiesof the poles.Metecho: It addresses the problems of small firms employing 2 to 10 people and operating formore than one year. It subsidizes the adoption of the information and communicationtechnologies through projects of 4000 to 100000 Euros.6.1.3. Financing Start-ups123
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1. SME DECLARATION AND WORKING GROU
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While comparing the BSEC and EU doc
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cooperation with the United Nations
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GENERAL ASSESSMENT OF THE BSEC WG O
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“Armenia's new law introduces a n
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(iii)Share of the labor force of SM
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The following data represents some
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RankDocuments for export(number)Tra
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• Industrial zones/Business incub
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3.1.4. FINANCING SMEsProf. Dr. Sela
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• the loan is secured with movabl
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3.1.4.3. Mutual and loan guarantee
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introduction of e-signatures, only
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The Code of Conduct for Civil Serva
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Trading Across Borders Enforcing Co
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as with all non-governmental organi
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Bulgarian SMEs obtain additional ca
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• Project BG 2004/016-711.11.04 -
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usiness is not approaching them oft
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• Romanian citizens are recognize
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The preparatory project of the NDP
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• To support participation in eco
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In 2004, the National Institute of
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Incubators host on average 11 SME,
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Programs. The program is implemente
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development instrument is extremely
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accounting standards, including med
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corporations and open held corporat
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promoting SME sector, cooperation w
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• for unemployed (micro credit)
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are private pension funds, broker h
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very early steps of its democratic
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Another negative factor that is mor
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economy. The so called in the organ
Page 72 and 73: Federal funds, private capital, esp
Page 74 and 75: 4.3. MOLDOVATable 14.Dimensions Neg
Page 76 and 77: Related andsupportingindustriesDome
Page 78 and 79: Technological:Internetaccessibility
Page 80 and 81: Domesticdemand• Still not many pe
Page 82 and 83: international investments• Govern
Page 84 and 85: 3. Hamel, G., Prahalad, C.K. (1994)
Page 86 and 87: 5.2 DEVELOPMENT OF THE SME SECTOR I
Page 88 and 89: General Characteristic of SME Devel
Page 90 and 91: Index of SME Development in Armenia
Page 92 and 93: The same problem exists in getting
Page 94 and 95: SME support infrastructure in Armen
Page 96 and 97: 5 million was provided by UNDP and
Page 98 and 99: 5.3 DEVELOPMENT OF THE SME SECTOR I
Page 100 and 101: Diagram 1. The number of small ente
Page 102 and 103: The privatization process of object
Page 104 and 105: 13.Cabinet Provision on “Distribu
Page 106 and 107: 5.3.3. SME support infrastructure i
Page 108 and 109: The role of the state in technical
Page 110 and 111: General situation of credit marketT
Page 112 and 113: After creation and starting impleme
Page 114 and 115: At the meantime, small enterprise s
Page 116 and 117: Table. 32.Ease of businessDoingBusi
Page 118 and 119: people who start small businesses t
Page 120 and 121: are salaried and the medium - sized
Page 124 and 125: Greek VC market started to develop
Page 126 and 127: In the area of bankruptcy and restr
Page 128 and 129: enterprises. According to TURKSTAT,
Page 130 and 131: small size enterprise or micro ente
Page 132 and 133: industrial enterprises. Undersecret
Page 134 and 135: individuals, rather than well struc
Page 136 and 137: 7. SUGGESTIONS FOR THE SME DEVELOPM
Page 138 and 139: Annex 1.MAP OF THE BLACK SEA COUNTR
Page 140 and 141: 17-18 June 2005 1 st Moscow Interna
Page 142 and 143: ARMENIASTRENGTHS• Application of
Page 144 and 145: BULGARIASTRENGHT• Flexibility and
Page 146 and 147: GREECESTRENGHT• They have a vital
Page 148 and 149: ROMANIASTRENGHTWEAKNESS• Stabilis
Page 150 and 151: REPUBLIC OF SERBIASTRENGHT• Longe
Page 152 and 153: UKRAINESTRENGTHS• Well educated l
Page 154 and 155: In compliance with the Resolution m
Page 156 and 157: 1. Please provide definition of SME
Page 158 and 159: 7. Did you establish a dedicated bo
Page 160: 11. Do you have any suggestions for
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