Strategies of the Development of Entrepreneurship and SME
Strategies of the Development of Entrepreneurship and SME
Strategies of the Development of Entrepreneurship and SME
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MOLDOVASTRENGHT• Legislative base for successful <strong>SME</strong>development is created in general (Law onbusiness <strong>and</strong> enterprises; Law on mainprinciples <strong>of</strong> regulation <strong>of</strong> enterprise activities;Law on social groups with limited liability)• State Program <strong>of</strong> support for <strong>SME</strong>development for 2006-2008• Gradually increasing attention <strong>of</strong> <strong>the</strong> state to<strong>the</strong> <strong>SME</strong> sector needs• Constant growth <strong>of</strong> <strong>the</strong> <strong>SME</strong> sector• Qualified youth, possession <strong>of</strong> foreignlanguages• Cheap qualified labour• Good environmentOPPORTUNITY• To stimulate attraction <strong>of</strong> foreign investments• Consistent implementation <strong>of</strong> <strong>the</strong> reformpolicy could accelet transition to a maerketeconomy• Great climate conditions for growing variousagricultural products <strong>and</strong> grapes – nationaladvantage• Growing potencial in tourism• Possibility <strong>of</strong> cooperation both with Romaniaas well as CIS countries• Effectiv use <strong>the</strong> foreign technical idsprogrammes including support from <strong>the</strong> EUWEAKNESS• Underestimation <strong>of</strong> <strong>the</strong> <strong>SME</strong> role in <strong>the</strong>economy by politicians• The limited financial opportunities <strong>of</strong> <strong>the</strong> statefor support <strong>of</strong> small business• Weak infrastructure <strong>of</strong> support <strong>of</strong> smallbusiness• Insufficient access <strong>of</strong> subjects <strong>of</strong> smallbusiness to financial, information resources,• Weak entrepreneurhip educational services• High trusteeship <strong>of</strong> supervising bodies,presence <strong>of</strong> bureaucratic barriers• Low culture in business• Limited opportunities <strong>of</strong> managerial educationfor <strong>SME</strong>• Low level <strong>of</strong> Internet accessTHREATS• Significant external <strong>and</strong> internal state debts• High level <strong>of</strong> poverty <strong>of</strong> <strong>the</strong> population• Political instability, internal comflict between<strong>the</strong> parties• Significant emigration – especially youth –accelerate aging <strong>of</strong> <strong>the</strong> rural areas• Non decided Transdnistria territorial conflict• Dilemma in strategy joining NIS or EU• Continuous implementation <strong>of</strong> economicreform programmes• Shadow economy• Investment climate is not favorable forinternational investmentsSource: (1) <strong>SME</strong>s in CITs, UNECE, New York & Geneva, 2006,http://www.unece.org/indust/sme/smepub03.pdf(2) Ms. Valentina Veverita <strong>and</strong> Ms. Eleha Guzun, <strong>SME</strong> <strong>Development</strong> Department, Ministry <strong>of</strong>Economy <strong>and</strong> Trade, Chisinau, 2007,(3) Dr. Irina Y Naoumova, 2007(4) ERENET evaluation, 2007147
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