Publications → Privatization and SME → Support to SME
- Regulatory barriers for SMEs in Belarus: The Role of Price Regulation
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January 18, 2008 16:44
This paper provides stance of the SME representatives on price regulation in Belarus, and includes some rough calculations of its costs for an average SME, and for the economy in general, as well as suggests several policy recommendations for the deregulation of prices.
- Practical Aspects of Establishing a Belarusian Guarantee Fund
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January 18, 2008 12:10
This paper deals with several practical questions that arise during the conceptual stages of establishing a Belarusian Guarantee Fund for loans to small enterprises (SEs). Also the paper analyzed the specific Belarusian conditions and found the approximate amount of guarantee capital needed to be about USD 5.8 m, which means that the amount of funding required from the government will be about USD 2.8 m.
- Small and medium size enterprise financing in Eastern Europe
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December 3, 2007 17:24
There is currently a large interest in understanding firms' access to finance, particularly in the financing of small- and medium-size enterprises (SMEs). But the financing patterns of SMEs across countries is not well understood. For example, little is known about the relative importance of equity, debt, and inter-firm financing for SMEs across countries. The authors use the Amadeus database, which includes financial information on over 97,000 private and publicly traded firms in 15 Eastern and Central European countries.
- The role of factoring for financing small and medium enterprises
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November 26, 2007 16:46
Empirical tests find that factoring is larger in countries with greater economic development and growth and developed credit information bureaus. The author finds that creditor rights are not related to factoring. The author also discusses reverse factoring, which is a technology that can mitigate the problem of borrowers' informational opacity in business environments with weak information infrastructures if only receivables from high-quality buyers are factored.
- A firm-level analysis of small and medium size enterprise financing in Poland
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November 26, 2007 16:44
The authors test competing theories of capital structure choices using firm-level data on firm borrowings. The majority of firms in the dataset are privately owned, young, micro or small and medium enterprise (SME) firms concentrated in the service sector.
- A more complete conceptual framework for financing of small and medium enterprises
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November 26, 2007 16:42
The authors propose a more complete conceptual framework for analysis of credit availability for small and medium enterprises (SMEs). In this framework, lending technologies are the key conduit through which government policies and national financial structures affect credit availability.
- Objectives and constraints of entrepreneurs: evidence from small and medium-sized enterprises in Russia and Bulgaria
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May 16, 2007 14:41
The paper analyses the principal objectives and constraints of small and medium-sized enterprises (SMEs), using data from a survey of 437 owners and top managers (CEOs) of SMEs in Russia and Bulgaria. The CEOs display similar views and identify a small number of specific constraints as being the most important ones. The constraint on external financing is a particularly serious one and the SMEs use internal finance as a fall-back option.
- Small and medium business is on the front line of the fight with corruption.
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May 15, 2007 09:54
This publication is a result of round table discussion on cooperation of government and civil institutions in the fight with corruption.
- Major Problems of the Regulatory Environment and Policy Proposals for Its Improvement
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May 15, 2007 09:53
The publication suggests some directions towards the improvement of the regulatory environment related to the functioning of the SMEs.
- Local Authorities and the Development of Small and Medium Enterprises: International Experience and Guidelines for Belarus
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May 15, 2007 09:53
This paper deals with cooperation between local authorities and entrepreneurs and claims that this cooperation is still very weak in Belarus, The final section outlines a number of policy recommendations on how could entrepreneurship be supported and SMEs’ competitiveness enhanced by local authorities.
- The Role of Credit in the Development of Small and Medium-Sized Enterprises in Belarus: Estimating the State of the Microfinance Sector
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May 15, 2007 09:53
This publication discusses the results of the research on the access to credit by small and medium-sized enterprises (SMEs) in Belarus, and the role of microfinance and credit unions in this process.
- Issues in the functioning of privatized enterprises in Georgia.
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May 15, 2007 09:53
This publication is a result of empirical research done by means of representative sampling of 100 privatized industrial enterprises in Georgia.
- Threats and Opportunities for SMEs of Joining the Single European Market: The Czech republic Country Report.
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May 15, 2007 09:51
The aim of this study is to asses in what extend SMEs in the Czech Republic are prepared or preparing to operate within the European Single Market and what are the weaknesses and strengths of small and medium size enterprises.
- Reform of the Simplified System of Taxation for Small Business in Belarus
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May 15, 2007 09:50
The paper discusses the necessity to reform the existing simplified system of taxation and offers measures for it.
- Proposals for the development of micro-finance institutions in Belarus
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May 15, 2007 09:50
The paper proves that the best way to improve access to financing of small business development is to promote the development of microfinance.
- Problems and Perspectives of Small and Medium Enterprises Development in Belarus
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May 15, 2007 09:50
This article briefly reviews the main quantitative and qualitative characteristics of SME development in Belarus. The author focuses on the obstacles of SME development as well as on the main internal and external factors of SME national competitiveness’ increase.
- Guarantee Funds for SME Loans
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April 22, 2007 21:40
This paper deals with the establishment of guarantee funds for loans to SMEs, intended as a tool for improving their access to capital.





