On May 5th, the Ministry of Economic Development, Trade, Entrepreneurship and Tourism held a round table with groups of interest for discussing on the Small Businesses Act 2015. The Act aims to put in light various proposals which may be used in evaluating small and medium sized companies in the country.
The Deputy Minister of Economic Development and Entrepreneurship, Brunilda Paskali highlighted the important role of the SMEs in the country, since “they comprise about 98% of the enterprises in the country, have a contribution of 73% in the Gross Domestic Production and about 71% of the employed people are workers in these SMEs”.
In turn, the representative of the European Commission, Christos Kyriatzis declared that young adults in Albania must be aware of the importance of the SMEs in building their future in Albania. “Albanian youngsters do not have to emigrate if they will know the opportunities that SMEs may create for them, and the opportunities to open a business, to have the needed conditions and access in finances,” declared Kyriatzis.
The development of SMEs in Albania is supported by the “Strategy for Business and Investments 2014-2020” project, which aims to develop the innovation and technology in the country, to increase the participation of women in the business world, to increase competitiveness, ect. The main objective of this 6 years project is the increase of the quality of products and the improvement of business management climate in the country. Based on the international evaluation system, the SMEs in Albania are evaluated with 2.5 points.
The SMEs Act is part of the SMEs Index of Policies, compiled by the Organization for Economic Co-operation and Development, in cooperation with the European Commission, the European Bank for Reconstruction and Development. The project is implemented in four regions which consist of 32 countries in the Western Balkan, Turkey, East Europe, Northern Africa, Middle East and the Southeast Asia.
The Index studies the quality and the effects of the applied policies to ensure more recommendations regarding investments, innovative policies, the development of the capitals, business licensing, ect.
News source/photo credits: ATA