Strategies of the Development of Entrepreneurship and SME

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RankDocuments for export(number)Trading Across Borders Enforcing Contracts Closing a BusinessTime for export (days)Cost to export (US$ percontainer)Documents for import(number)Time for import (days)Cost to import (US$per container)70 7 21 745 9 22 750 74 39 390 31.8 178RankProcedures (number)Time (days)Cost (% ofdebt)RankTime (years)nopracticeSource: http://www.doingbusiness.org/customquery/ViewCustomReport.aspxCost (% of estate)Recovery rate (centson the dollar)nopractice 0In the framework of Regulatory Reform, businesses in Albania are only required to registeronce with the country’s tax authorities. A new Law on business registration reform was enacted bythe Parliament on 3 May 2007. Law No. 9723 “Law on the National Registration Center”establishes the National Registration Center (NRC) as a new central public institution. TheNational Registration Center has opened in September 2007. and all business activity can beregistered in one day with a cost of 1 Euro at the One-Stop-Shop Office.Albania’s entire legal business licensing system is under revision. The purpose of thisprocess is to adjust licensing legislation to the “Acquis Communaitaire” as well as to reduceadministrative barriers for businesses operating in Albania. The Albanian Parliament has alreadyratified the revised licensing legislation on mining and public works while those of other sectors arestill in progress.Table 4 summarizes the procedures and costs associated with setting up a business in Albania:18
Table 4.No: Procedure Time to complete: Cost to complete:1 Search for a unique company name 1 day no charge2Deposit the initial capital in a bank and obtaina bank statement 1 day no charge3 Notarize the incorporation documents 1 day Lek 105004File the documents with the Office for theRegistration of Companies in the DistrictCourt of Tirana and obtain a registrationnumber 18 days Lek 15005Register for taxes and obtain the VAT numberand Fiscal Certificate 10 days no charge6Register the company with Labor InspectorateOffice 1 day no charge7Register for the membership with theChamber of Commerce and Industry 1 day Lek 200008Pay the local fees and tariffs and obtain a finalstatement on the payment of local fees andtariffs to the office of Alba Post SHA 1 day Lek 250009Register with the Public Institute of SocialSecurity for social security and healthinsurance 1 day no charge10 Make a company seal 1 day Lek (3,000 - 5,000)Source: http://www.doingbusiness.org/ExploreTopics/StartingBusiness/Details.aspx?economyid=33.1.3. SME SUPPORT INFRASTRUCTUREAn institutional framework for SME is generally in place. SME Agency has beenestablished by Law No. 8597, in 2002. The Agency has a major role in implementation of theSME strategy of the Albanian government. This strategy has an overall purpose to create ofpositive climate for business development aiming at the promotion of SMEs.• Support of new business start-ups• Encouragement of tradesmen to invest in production• Export promotion• Support of Joint-Ventures in SME sector.In order to ensure the implementation of these objectives, the measures below wouldbe adopted:• Institution strengthening and development• Development of legal and fiscal framework• Improvement of SME operation management• Improvement of credit system for SMEs• Support of a harmonized development of localities and sectors.The SME Law defines the concrete benefits that SME-s would enjoy support of thegovernment and such support is:• Financial supports and credit risk guarantee• Technical supports• Information and consulting• Education, training and professional qualification• Employment promotion programs• Renting facilities for state assets• Infrastructure development19
Page 4 and 5: 1. SME DECLARATION AND WORKING GROU
Page 6 and 7: While comparing the BSEC and EU doc
Page 8 and 9: cooperation with the United Nations
Page 10 and 11: GENERAL ASSESSMENT OF THE BSEC WG O
Page 12 and 13: “Armenia's new law introduces a n
Page 14 and 15: (iii)Share of the labor force of SM
Page 16 and 17: The following data represents some
Page 20 and 21: • Industrial zones/Business incub
Page 22 and 23: 3.1.4. FINANCING SMEsProf. Dr. Sela
Page 24 and 25: • the loan is secured with movabl
Page 26 and 27: 3.1.4.3. Mutual and loan guarantee
Page 28 and 29: introduction of e-signatures, only
Page 30 and 31: The Code of Conduct for Civil Serva
Page 32 and 33: Trading Across Borders Enforcing Co
Page 34 and 35: as with all non-governmental organi
Page 36 and 37: Bulgarian SMEs obtain additional ca
Page 38 and 39: • Project BG 2004/016-711.11.04 -
Page 40 and 41: usiness is not approaching them oft
Page 42 and 43: • Romanian citizens are recognize
Page 44 and 45: The preparatory project of the NDP
Page 46 and 47: • To support participation in eco
Page 48 and 49: In 2004, the National Institute of
Page 50 and 51: Incubators host on average 11 SME,
Page 52 and 53: Programs. The program is implemente
Page 54 and 55: development instrument is extremely
Page 56 and 57: accounting standards, including med
Page 58 and 59: corporations and open held corporat
Page 60 and 61: promoting SME sector, cooperation w
Page 62 and 63: • for unemployed (micro credit)
Page 64 and 65: are private pension funds, broker h
Page 66 and 67: very early steps of its democratic
Page 68 and 69:
Another negative factor that is mor
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economy. The so called in the organ
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Federal funds, private capital, esp
Page 74 and 75:
4.3. MOLDOVATable 14.Dimensions Neg
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Related andsupportingindustriesDome
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Technological:Internetaccessibility
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Domesticdemand• Still not many pe
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international investments• Govern
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3. Hamel, G., Prahalad, C.K. (1994)
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5.2 DEVELOPMENT OF THE SME SECTOR I
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General Characteristic of SME Devel
Page 90 and 91:
Index of SME Development in Armenia
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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
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Diagram 1. The number of small ente
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The privatization process of object
Page 104 and 105:
13.Cabinet Provision on “Distribu
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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
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After creation and starting impleme
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At the meantime, small enterprise s
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Table. 32.Ease of businessDoingBusi
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people who start small businesses t
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are salaried and the medium - sized
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Technology Foresight in Greece 2001
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Greek VC market started to develop
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In the area of bankruptcy and restr
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enterprises. According to TURKSTAT,
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small size enterprise or micro ente
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industrial enterprises. Undersecret
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individuals, rather than well struc
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7. SUGGESTIONS FOR THE SME DEVELOPM
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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
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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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