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SME Policy Index: Eastern Partner Countries 2012

Progress in the Implementation of the Small Business Act for Europe

image of SME Policy Index: Eastern Partner Countries 2012
This ssessment of SME policy frameworks in eastern partnership countries helps support SME policy development in the eastern partnership countries through identification of strong and weak points in SME policy elaboration and implementation.

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SBA country profile: The Republic of Moldova

A first round of evaluation of the SME policy based on the Small Business Act (SBA), conducted in 2010, showed a relatively developed institutional framework with important initiatives taken to simplify its legislative and administrative procedures. The current assessment shows some improvement in almost all indicators on registration procedures and e-government. The regulatory framework has been further simplified with the second stage of regulatory reform yet to be completed. A third stage, tackling permitted documents, started in 2011. While reforms are ongoing, addressing the needs of businesses already operating remains an important issue. Public-private dialogue rarely involves representatives from the SME community, and could strengthen their formal influence on the decision-making process. There is limited support for the provision and improvement of the quality of business services, and access to finance for SMEs remains a crucial issue.

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