Strategies of the Development of Entrepreneurship and SME

1. Please provide definition of SMEs in the latest government legislation. Please specify thenumber of employees, financial criteria and the criteria of being independent of SMEs.Describe the legal actions taken in order to harmonize the definition of SMEs according to theEU recommendation.Declaration commitments:The definition of SMEs in BSEC Member Countries in transition should be orientedto the EU recommendations. The definition should contribute to the consistency,transparency and efficiency of national support measures relating to SME sectorpromotion;2. What actions have you taken to improve and simplify the procedures of enterprisecreation and to raise the profile of entrepreneurs and to promote entrepreneurship in yourcountry? What were the results of these actions? Please describe the results of significantmeasures that came to an end since 2001, or interim results of ongoing measures.Declaration commitments:The Governments of the BSEC Member Countries are encouraged to introducerelevant measures to improve legislation and simplify the procedures related to theformation of enterprises, development of SMEs and creation of jobs, as well assimplification of tax regulations, accountancy and reporting for SMEs;3. Please give two to three examples of cases where you have been inspired by goodpractices on the implementation of the Declaration.Declaration commitments:The development of a favourable political and economic environment – policies andmeasures – aiming at the creation of a strong SME sector in the countries in transitionand emerging economies, should be considered one of the major tasks of theGovernments in these countries. Joint efforts in the acceleration of the (private) SMEsector and strengthening of the cooperation among SMEs and between them and largeenterprises will significantly contribute to the welfare of the society and stability ofthe BSEC Member States;156