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Competitiveness of the SME’s in Albania

Competitiveness of the SME’s in Albania. A review of the business conditions with a focus on financing conditions. With the support of the European Commission. Growth of the micro enterprises and SME.

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Competitiveness of the SME’s in Albania

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  1. Competitiveness of the SME’s in Albania A review of the business conditions with a focus on financing conditions With the support of the European Commission With the support of the European Commission

  2. Growth of the micro enterprises and SME • As the end of 2003, micro and SME’s registered and operating in the Albanian economy are about 35,694 firms, which make up to 99% of total firms operating during this year. • In particular, micro enterprises dominate with 91% of total firms operating in the country. • Micro and SME’s have provided employment for 56% of total employment, 65% of total turnover of the economy and 45% of total investment generated by private non agriculture sector. With the support of the European Commission

  3. Sectoral distribution of micro and SME’s With the support of the European Commission

  4. Structure of enterprises by regions With the support of the European Commission

  5. Structure and performance of firms With the support of the European Commission

  6. A strong spirit of entrepreneurship has taken root across the region With the support of the European Commission

  7. Competitiveness of the region economies With the support of the European Commission

  8. Technology index With the support of the European Commission

  9. Public institutions index With the support of the European Commission

  10. Macroeconomic environment index With the support of the European Commission

  11. Growth and business competitiveness rankings With the support of the European Commission

  12. Second generation reforms of transition With the support of the European Commission

  13. The most problematic factors of doing business in Albania With the support of the European Commission

  14. Barriers to investment in SEE With the support of the European Commission

  15. Financing SME’s With the support of the European Commission

  16. Financial depth With the support of the European Commission

  17. Financial intermediation With the support of the European Commission

  18. Banking and economic development • To what extent economic growth is related to bank lending and banking reform? • Is there any crowding out of private investment due to high gov’t deficits? With the support of the European Commission

  19. How is the private sector credit related with growth (35 observations: 1995:Q1-2003:Q3) With the support of the European Commission

  20. Statistical significance of the regression With the support of the European Commission

  21. Findings: • Despite low levels of private credits, there is a positive relationship between output growth and expansion of bank lending; • No significant relationship with the government deficit; inconsistent with the crowding out argument. The investment opportunities and enterprise reforms seems to drive the credit performance; With the support of the European Commission

  22. The road ahead: • Tackle the informal sector; • Enhance access to finance; • Work with business on investment climate measures; • Enhance trade and cross border cooperation With the support of the European Commission

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