Strategies of the Development of Entrepreneurship and SME

notification replaced the former requirement of a second formal authorization to beginconstruction after the construction permit has been granted. Companies are now required topurchase a license for connection to the electricity network, a measure to offset high demand,but resulted in a substantial increase in cost (by 3,500% of GNI). A private bureau, NationalBureau of Credit Histories (NBKI), started operations in March 2006.”“Turkey lowered its interest tax and corporate income tax to 20%, and introduced andimplemented online filing. It also reduced the time required for preparing trade documentationby implementing a Customs Modernization Project.”Please note, that no remarks are available on Ukraine.Table 1. summarize the ranking of the BSEC economies on starting a business, dealingwith licenses, getting credit, and seven other topics.DOING BUSINESS 2008 IN THE BSEC COUNTRIESbythe World BankTable 1.AL AM AZ BG GE GR MD RO RU RS TU UAEase of Doing 136 39 96 46 18 100 92 48 106 86 57 139Business RankStarting a 123 47 64 100 10 152 81 26 50 90 43 109BusinessDealing with 168 73 159 103 11 42 153 90 177 149 128 174LicensesEmploying 109 48 80 57 4 142 93 145 101 110 136 102WorkersRegistering 82 2 56 62 11 93 46 123 45 115 31 138PropertyGetting Credit 48 36 26 13 48 84 97 13 84 13 68 68Protecting 165 83 107 33 33 158 98 33 83 64 64 141InvestorsPaying Taxes 118 143 141 88 102 86 111 134 130 121 54 177Trading accross 70 118 173 89 64 65 122 38 155 58 56 120BoarderEnforcing 74 64 30 90 42 87 17 37 19 101 34 46ContractsClosing aBusiness178 42 75 72 105 38 82 81 80 103 112 140Remarks:(i) Code of country names in accordance with the ISO 3166 standard.(ii) The World Bank Group: Doing Business Data 2008, 2007.In Annex 3. please find the SWOT analyses of the SME sector in each BSEC countries.In oder to evaluate the share of the SME sector in each BSEC country, we shall use theIndex of SME Development introduced by the UNECE in 1999. It is a complex economicindicator, which incorporates the share of the whole SME sector in the overall performance ofthe national economy based on :(i) Share of private ownership;(ii) Share of SMEs in GDP, and13