Strategies of the Development of Entrepreneurship and SME

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• Industrial zones/Business incubators.The Ministry of Economy is the responsible Institution for SME Policy and legislation andhas e leading role in the process of program development and monitoring. The Ministry ofEconomy has established the SME Agency as an executive body for Policy and Strategyimplementation. In order to carry out this role, the SME Agency will play a coordinatingfunction of the SME Development Program. This coordination scheme would be the following:Each area of policy of SME Development would be directed by a focus group structuredaccording to the specific objectives. It will consist of a variety of different institutions thatrepresent their direct or indirect interest and commitment to the SME program. There are 6policy committees plus one committee for the donor coordination. These ad-hoc committeeswill be conceptualized as partnerships groups between government, business and society withcorporate responsibility at promoting and contributing to the continuous development of SME-sin Albania. This entire network is to develop government dialog in parallel with business-tobusiness dialog. Thus, the Agency serves as intermediary for government, business, socialpartner, NGOs and Society aiming at bringing for an active partnership policy to advertise andoptimize its efforts towards creating an efficient synergy needed to bring the undertaking tocompletion.Information Services - Priority: To monitor SME development by:20
• Reviewing available sources of data on SME-s;• Introducing a system of SME performance indicators;• Developing sector/cluster based SME information systems and reporting; Estimating theproportion and numbers of firms operating in the informal sector;• Adopting international SME reporting standards; and• Preparing an annual report on the state of SMEs in Albania.Development of Human Resources – Priority tasks are to raise the level of knowledge ofentrepreneurship and improving the professional standards of business service providers by:• Introducing entrepreneurship into university and pre-university curricula;• Developing graduate enterprise programs and training;• Raising the professional standards of trainers and business consultants throughaccreditation;• Improving the quality of training and service products delivered to SMEs;• Increasing support for young people and women entrepreneurs.Financial Services - Priority: To improve SMEs access to credit and other financial servicesby:• Extending loan guarantee schemes;• Introducing new regional micro-credit schemes;• Improving the capacity of banks and non-bank financial institutions to offer SME creditservices;• Offering ‘softer’ lending conditions to priority sectors;• Extending leasing schemes for capital equipment purchasing;• Accelerating land registration procedures; and• Simplifying procedures for executing collateral.Legal, Taxation and Regulatory Framework – Priority: To reduce the taxation, legal andadministrative barriers constraining the development of SMEs by:• Simplifying business registration and licensing procedures based on best practices;• Increasing the member of businesses operating in the formal sector;• Minimizing the tax burden on SMEs;• Stabilizing the taxation environment; and• Conducting ongoing research on the effects of administrative, legal and tax barriers onSME development.Business Infrastructure and Technology – Priority: To improve the efficiency and quality ofinfrastructure, utilities and technology available to SME-s by:• Extending business and industrial parks;• Promoting the increased use of ICT in SMEs;• Supporting research and development centre;• Upgrading the technology used by SMEs;• Improving the availability of utilities for SMEs.Regional and Sector SME Development - Priority: To develop SMEs in the regions by:• Expanding SME projects in North-Eastern Albania;• Conducting regional/sector research and analysis.Donor Coordination - Priority: To maximize the efficiency of donor support by:• Coordinating donor activities through regular contacts to avoid duplication and overlap;• Holding regular donor coordination forums organized by the SME agency;• Encouraging donors to support projects in key SME priority areas.21
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 18 and 19: RankDocuments for export(number)Tra
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
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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
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Index of SME Development in Armenia
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The same problem exists in getting
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SME support infrastructure in Armen
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5 million was provided by UNDP and
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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
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13.Cabinet Provision on “Distribu
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5.3.3. SME support infrastructure i
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The role of the state in technical
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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
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17-18 June 2005 1 st Moscow Interna
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ARMENIASTRENGTHS• Application of
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BULGARIASTRENGHT• Flexibility and
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GREECESTRENGHT• They have a vital
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ROMANIASTRENGHTWEAKNESS• Stabilis
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REPUBLIC OF SERBIASTRENGHT• Longe
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UKRAINESTRENGTHS• Well educated l
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In compliance with the Resolution m
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1. Please provide definition of SME
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7. Did you establish a dedicated bo
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11. Do you have any suggestions for
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Strategies of the Development of Entrepreneurship and SME

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