Tags → SME
- 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.
- 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.
- 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.
- Moldova: Assessment of Civil Society and Democratic Institutions
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May 15, 2007 09:53
This report is one of the country papers prepared in the framework of Freedom House project.
- Business in Belarus 2006: Status, Trends, Perspectives
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May 15, 2007 09:53
The report represents an analysis of the business climate for small and medium-sized enterprises (SME) in Belarus. It demonstrates that development of small and medium business can play a key role in economic development for a medium-term period.
- 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.
- 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.
- 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.
- One Decade of Transition: Lessons and Recommendations
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May 15, 2007 09:54
Paper looks into the area of macroeconomic reforms, but does not analyze microeconomic reforms such as restructuring of enterprises, development of SMEs, corporate governance etc., which are very important part of transition.
- Regulatory environment and tendencies of development of small and medium enterprises in Belarus.
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May 15, 2007 09:54
This paper analyzes main obstacles for small and medium business development in Belarus based on empirical data received from research works conducted among belarusian businessmen in September-October 2006.
- 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.
- New Business Sectors in ICT
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May 15, 2007 09:54
This report, prepared by the Information Society Technologies Advisory Group (ISTAG), aims to recommend actions that target the stimulation of innovation and economic growth in new business sectors in Information and Communication Technologies (ICT). The creative content sector, a new ICT business sector with high growth potential, is treated as a case study on which to structure and base the analysis and recommendations.
- European financial integration and the financing of local businesses in the new EU member states
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May 15, 2007 09:54
This paper explores the degree of financial market integration between the new and old EU member states. It also considers the likely effects of the ongoing integration process on the new members’ financial sectors. In particular, the paper discusses the implications of the high concentration of financial services and the dominance of foreign-owned institutions for the provision of financial services to small and medium-sized enterprises (SMEs) in the ten accession countries. Using enterprise data on 2,427 firms, the paper finds that access to finance still constitutes a major problem for business development and that financing conditions are considerably more difficult for SMEs than for larger entities.
- Bridging the gaps? Private sector development, capital flows and the investment climate in south-eastern Europe
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May 15, 2007 09:54
This paper provides an overview of private sector activity and investment in south-eastern Europe (SEE). The importance of the private sector is growing in all countries of the region. The private sector is dominated by small and medium-sized enterprises (SMEs) and much economic activity takes place in the untaxed informal sector. Lack of finance is a key constraint for enterprises. Foreign inflows, therefore, play a crucial role in providing a source of finance for new investment.
- 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.
- Is lack of funds the main obstacle to growth?
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November 23, 2007 15:47
This paper discusses the shortcomings of the financial system in the countries of central and eastern Europe and their implications in terms of the severity of the liquidity constraint for SMEs in transition. The paper also analyses the fundamental principles on which EBRD policy to finance SMEs is based.
- 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.
- 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.
- 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.
- 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.
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