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State Policy for Small and Medium-Sized Enterprises sector Development

G overnment of the Republic of Moldova Minist ry of Economy. State Policy for Small and Medium-Sized Enterprises sector Development. Olesea BORDAN SMEs Policy Development and Internal Trade Division. Budapest 2015. The SMEs Share in the National Economy of

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State Policy for Small and Medium-Sized Enterprises sector Development

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  1. Government of the Republic of MoldovaMinistry of Economy State Policy for Small and Medium-Sized Enterprises sector Development Olesea BORDAN SMEs Policy Development and Internal Trade Division Budapest 2015

  2. The SMEs Share in the National Economy of the Republic of Moldova in 2013

  3. Small and Medium Enterprise Sector Development Strategy for 2012-2020 The problems faced by SMEs: • Low competitiveness of SMEs in production sector and service providers sphere; • Insufficient promotion of financial instruments, such as venture capital and credit guarantee fund for SMEs; • Low level of business culture and consequently an insufficient absorption of specialized / qualified workforce; • Lack of mechanisms and systems of SMEs technological capacity building in the main development areas; • Late payment of subsidies to farmers and VAT refund under the terms of legislation, etc.

  4. Government of the Republic of MoldovaMinistry of Economy Government Decision no. 685 from 13th of September 2012 (M.O. no.198-204/740 from 21.09.2012) SMALL AND MEDIUM-SIZED ENTERPRISE SECTOR DEVELOPMENT STRATEGY FOR 2012 – 2020 ACTION PLAN ON THE IMPLEMENTATION OF THE STRATEGY FOR 2012-2014 ACTION PLAN ON THE IMPLEMENTATION OF THE STRATEGY FOR 2015-2017

  5. Small and Medium Enterprise Sector Development Strategy for 2012-2020 Strategic Objective Creation of a favorable business environment, promotion of business culture in the course of SMEs support and assurance of social unity.

  6. Small and Medium Enterprise Sector Development Strategy for 2012-2020 Strategic Vision of SME sector: • Average growth of the number of SMEs per 1000 persons up to 25 SMEs by 2020; • Growth of the number of workers employed in SMEs up to 65% by 2020; • Growth of the SMEs share in GDP up to 38% by 2020; • Ensuring effective competition by strengthening competitiveness and facilitating growth and sustainable innovation of SMEs.

  7. Small and Medium Enterprise Sector Development Strategy for 2012-2020 PriorityDirectionsof the Strategy: • Adjustment of the normative and regulatory framework to match SMEs needs; • Improvement of access to financing for SMEs; • Development of human capital through promotion of competences and entrepreneurial culture; • Increase SMEs competitiveness and stimulation of innovation spirit; • Facilitation of SMEs development in regions; • Business partnership development.

  8. Small and Medium Enterprise Sector Development Strategy for 2012-2020 National Programme for Economic Empowerment of Youth (PNAET): During 2008-2014 : • Were organized 134training courses, trained – 3631young people, including - 1573 women. • Were disbursed 1639sub-loans, that permitted: • - Financing of 1282start-ups, including 480managed by women(37 %) • - Creation of 2395workplaces.

  9. Small and Medium Enterprise Sector Development Strategy for 2012-2020 • “Program on Attracting Remittances into the Economy “PARE 1+1”: During the period of 2010-2014: • 1094migrants were trained or their first degree relatives, including 295 women (27%) • 504 grant contracts were signed with beneficiary enterprises, 147are founded or managed by women (29%) • From247start-ups, 66enterpsises are founded/ managed by women (27%)

  10. Small and Medium Enterprise Sector Development Strategy for 2012-2020 • Credit Guarantee Fund for SME: 2014: • 56 financial guarantees for SMEs were offered , of which: • 26start-ups (46,4%), • 25businesses(44,6%) managed by women. • “Efficient Business Management” Programme : 2014: • 98training courses were organized, 2710persons trained, including 1800women.

  11. Small and Medium Enterprise Sector Development Strategy for 2012-2020 • Business Incubators: During the period of 2009-2014: • 8business incubators were created (BI) and 1 will be launched in April 2015; • BI incubates 120 enterprises, approximately 45are founded / managed by women; • BI generates the creation of 558workplaces, of which 254are for women.

  12. Business Incubators • Active business incubators • Business incubators under construction

  13. The Action Plan on Strategy Implementation for 2012-2014

  14. Small and Medium Enterprise Sector Development Strategy for 2012-2020 PriorityDirections of the Strategy: • Adjustment of the normative and regulatory framework to match SMEs needs; • Improvement of access to financing for SMEs; • Development of human capital through promotion of competences and entrepreneurial culture; • Increase SMEs competitiveness and stimulation of innovation spirit; • Facilitation of SMEs development in regions; • Business partnership development; • Women's Entrepreneurship Development.

  15. Priority 7:Women's Entrepreneurship Development • Facilitating the access of women entrepreneurs to training and information resources; • Promotingentrepreneurshipamongwomen; • Facilitating the access of women entrepreneurs to •       financial resources; • Creation of credit guarantee financial products for companies managed by women;

  16. Priority 7: Women's Entrepreneurship Development • Implementation of programs for women entrepreneurship support (training, consultancy, legal advice, mentoring and coaching, including funding); • Information and guidance to women entrepreneurs applying to the European funding programs COSME and Horizon 2020; • Develop and promote a program of financial support for rural businesses founded by women.

  17. The Action Plan on Strategy Implementation for 2015-2017 The Main Actions Planned for Implementation: • Adjusting the draft law on SMEs to the 10 principles of "Small Business Act"; • Create Advisory Council for SMEs that will consist of public and private sector representatives; • Including the entrepreneurial training course at all levels of education (starting with secondary) and training the teaching staff the entrepreneurial education; • Creation of new business incubators and expansion of business incubators network at national level; • Implementation of programs for SMEs support ; • Promoting "green" practices within SMEs.

  18. Government of the Republic of MoldovaMinistry of Economy Thank You for Attention! SMEs Policy Development and Internal Trade Division Budapest 2015

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