Olesea BORDAN SMEs Policy Development and Internal Trade Division Government of the Republic of Moldova Ministry of Economy Budapest 2015 State Policy

Olesea BORDAN

SMEs Policy Development and Internal Trade Division

Government of the Republic of Moldova Ministry of Economy

Budapest Budapest 20152015

State Policy for Small and Medium-Sized Enterprises

sector Development

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

The problems faced by SMEsThe 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.

Small and Medium Enterprise Sector Small and Medium Enterprise Sector Development Strategy for 2012-2020Development Strategy for 2012-2020

GGovernment of the Republic of Moldovaovernment of the Republic of Moldova MinistMinistry of Economyry of Economy

SMALL AND MEDIUM-SIZED ENTERPRISE SMALL AND MEDIUM-SIZED ENTERPRISE SECTOR DEVELOPMENT STRATEGY FOR SECTOR DEVELOPMENT STRATEGY FOR

2012 – 20202012 – 2020

SMALL AND MEDIUM-SIZED ENTERPRISE SMALL AND MEDIUM-SIZED ENTERPRISE SECTOR DEVELOPMENT STRATEGY FOR SECTOR DEVELOPMENT STRATEGY FOR

2012 – 20202012 – 2020

ACTION PLAN ON THE IMPLEMENTATION OF THE ACTION PLAN ON THE IMPLEMENTATION OF THE STRATEGY FOR 2015-2017STRATEGY FOR 2015-2017


Government Decision no. 685 from 13th of September 2012 Government Decision no. 685 from 13th of September 2012 (M.O. no.198-204/740 from 21.09.2012)(M.O. no.198-204/740 from 21.09.2012)



Small and Medium Enterprise Sector Development Small and Medium Enterprise Sector Development Strategy for 2012-2020Strategy for 2012-2020

Strategic ObjectiveStrategic Objective

Creation of a favorable business environment, Creation of a favorable business environment, promotion of business culture in the course of promotion of business culture in the course of SMEs support and assurance of social unity.SMEs support and assurance of social unity.

Strategic Vision of SME sector: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.


PPriority riority DDirections irections of the Strategyof 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.


National Programme for Economic Empowerment of National Programme for Economic Empowerment of Youth (PNAET)Youth (PNAET): :

During 2008-2014 :

Were organized 134 training courses, trained – 3631 young people, including - 1573 women.

Were disbursed 1639 sub-loans, that permitted:

- Financing of 1282 start-ups, including 480 managed by women (37 %)

- Creation of 2395 workplaces.


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““Program on Attracting Remittances into the Program on Attracting Remittances into the Economy “PARE 1+1”:Economy “PARE 1+1”:

During the period of 2010-2014:

1094 migrants were trained or their first degree relatives, including 295 women (27%)

504 grant contracts were signed with beneficiary enterprises, 147 are founded or managed by women (29%)

From 247 start-ups, 66 enterpsises are founded/ managed by women (27%)


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Credit Guarantee FundCredit Guarantee Fund for SME for SME::

2014: 56 financial guarantees for SMEs were offered , of which:

⁻ 26 start-ups (46,4%),

⁻ 25 businesses (44,6%) managed by women.

““Efficient Business Management” Programme Efficient Business Management” Programme ::

2014: 98 training courses were organized, 2710 persons trained,

including 1800 women.


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Business IncubatorsBusiness Incubators::

During the period of 2009-2014:

8 business incubators were created (BI) and 1 will be launched in April 2015;

BI incubates 120 enterprises, approximately 45 are founded / managed by women;

BI generates the creation of 558 workplaces, of which 254 are for women.


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- Active business incubators

- Business incubators under construction

Business Business IncubatorsIncubators

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

Priority DirectionsPriority Directions of the Strategy of the Strategy::

1. Adjustment of the normative and regulatory framework to match SMEs needs;

2. Improvement of access to financing for SMEs;

3. Development of human capital through promotion of competences and entrepreneurial culture;

4. Increase SMEs competitiveness and stimulation of innovation spirit;

5. Facilitation of SMEs development in regions;

6. Business partnership development;

7. Women's Entrepreneurship Development.


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Priority 7Priority 7:: Women's Entrepreneurship Development Women's Entrepreneurship Development

Facilitating the access of women entrepreneurs to training and information resources;

Promoting entrepreneurship among women;

Facilitating the access of women entrepreneurs to

financial resources;

Creation of credit guarantee financial products for companies managed by women;

Priority 7Priority 7:: Women's Entrepreneurship Development 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.

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The Main Actions Planned for ImplementationThe 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.

The Action Plan on Strategy Implementation The Action Plan on Strategy Implementation for 2015-2017for 2015-2017

Thank You for AttentionThank You for Attention!!

SMEs Policy Development and Internal Trade DivisionSMEs Policy Development and Internal Trade Division

Budapest 2015

Government of the Republic of MoldovaMinistry of Economy

Documents

Olesea BORDAN SMEs Policy Development and Internal Trade Division Government of the Republic of Moldova Ministry of Economy Budapest 2015 State Policy