Strategies of the Development of Entrepreneurship and SME

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The preparatory project of the NDP 2007-2013. Development Strategy was structured insix main national priorities for development:• To increase economic competitiveness and to develop knowledge economy• To develop and modernize the transport infrastructure• To protect and improve the environment• To develop human resources, to increase employment and to fight social exclusion• To develop rural economy and to increase productivity in Agriculture• To support a balanced development of all regions of the countryTable 11.No:1234ProcedureObtain a certificate from the TradeRegistry proving the availability ofthe proposed company name andmake a reservation of the nameDeposit funds in a bank and obtaina document confirming bank depositof sufficient fundsObtain a fiscal record for thecompany associates and the legalrepresentatives from the publicfinance department of themunicipalityRegister with the Unique Office(Biroul Unic) of trade registryRegistrul Comertului (BASC),Bucharest Tribunal. Also obtaincourt registration, publication ofnotice, and registration forstatistical purposes and socialsecurityTime tocomplete:1 day1 dayCost to complete:RON 50Bank commission rangesfrom zero to 0.5% ofcapital.5 days RON 5 for standardprocess, 20 forexpedited processRON 39 (stamp duty) +RON 120 (registrationfee) + RON 30 for eachmandatory element ofthe basic information ofthe company to be3 days registered, such associal capital, firm,associates,administrators,headquarters, mainobject of activity + RON90/32 line5 Register for VAT 3 days No charge6Register the employees contractswith the Territorial LaborInspectorate (TLI)1 dayNo chargeSource:http://www.doingbusiness.org/ExploreTopics/StartingBusiness/Details.aspx?economyid=158Government Decision No. 1179 of 29 July 2004. the National Agency for Small andMedium Sized Enterprises and Cooperation (NASMEC) is assigned as intermediary bodywithin the “Increase of economic competitiveness and the development of knowledge economy”Sector Operational Program.Main functions of the National Agency for Small and Medium Sized Enterprises and Cooperativesare:• Strategic function – defining, developing and implementing development strategies,studies and programs for small and medium-sized enterprises and cooperatives, as wellas domestic trade development and harmonization strategies;44
• Regulating function – creating the legal and institutional framework required forachieving objectives and implementing programs in its sector of activity;• Management function – managing state budget and non-budget funds and distributingsuch funds for the development of the SMEs, cooperatives and domestic trade sectors;• Representation function – representing Romania nationally and internationally in its fieldof activity.State authority – supervising the enforcement of legal provisions in its field of activityRegional Development European Fund (FEDER) provides the states/regions with supportfor local and regional integrated economic development and for sustainable development, byengaging local capacity and by diversifying economic structures.Taking into account both possibilities to improve the competitiveness of Romanian SMEsinto making them cope with new challenges, and the eligible intervention areas supported byFEDER, NASMEC identified the following measures and actions:Measure 1 - To support productive investments and to prepare Romanianenterprises to cope with the competition on the internal market.Sub-measure 1.1. To support direct productive investments, especially in thearea of Industry and ServicesTo support tangible investments:• Investments for procuring new equipment, machines and other tools forproduction;• Investment for procuring new technologies;• To support non-tangible investments regarding the procurement of the following:• Patents, marks, licenses, know-how;• To support the development and the accreditation of certifying and testinglaboratories.Measure 2 - To develop enterprises’, especially SMEs’, access to fundingTo set up and develop local guaranteeing funds, for the support of enterprises,especially of SMEs;• To set up and develop risk funds, for the support of SMEs high-tech;• To develop the capacity of co-guarantor of the National Fund for CreditGuaranteeing for SMEsMeasure 3 - To develop business and support service infrastructure for businessSub-measure 3.1. - To develop and support the management of businessincubators and that of the latter’s institutional capacity, clustering, SMEs businessdevelopment centers (institutional support), investments, software’ (procurementof equipment), exchange of good practices, the support of mentoring andcoaching, know-how transfer, seminars, workshops etc;Sub-measure 3.2. - To support “support services” (including consultancy),guidance to the requirements of the market by supporting the development ofinstitutionalized business infrastructure (setting up a network of local partners);Sub-measure 3.3. - To support the integration and development of SMEscompetition capacity within business infrastructures with the help of a set ofmeasures designed for seed/capital/Start-up enterprises investments and forproviding the necessary training for this type of actions.Measure 4. - To increase enterprises’, especially SMEs’, access to internationalmarkets and to support the efforts to internationalize enterprises, especially SMEs.• To support participation in international fairs and exhibitions;• To support company promoting activities;45
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 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 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
Page 70 and 71: economy. The so called in the organ
Page 72 and 73: Federal funds, private capital, esp
Page 74 and 75: 4.3. MOLDOVATable 14.Dimensions Neg
Page 76 and 77: Related andsupportingindustriesDome
Page 78 and 79: Technological:Internetaccessibility
Page 80 and 81: Domesticdemand• Still not many pe
Page 82 and 83: international investments• Govern
Page 84 and 85: 3. Hamel, G., Prahalad, C.K. (1994)
Page 86 and 87: 5.2 DEVELOPMENT OF THE SME SECTOR I
Page 88 and 89: General Characteristic of SME Devel
Page 90 and 91: Index of SME Development in Armenia
Page 92 and 93: 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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