Competitiveness and Private Sector Development: Republic of Moldova 2011

Fostering SME Development

image of Competitiveness and Private Sector Development: Republic of Moldova 2011

This report reviews the micro, small and medium-sized business sector in the Republic of Moldova, as well as governmental policies related to small and medium-sized enterprises, particularly regarding financing and innovation. 



The Micro, Small and Medium-sized Enterprise Sector in the Republic of Moldova

This chapter provides a profile of the small and medium-sized enterprise (SME) sector as a background for the SME policy review conducted in this document. A description of the macroeconomic environment is followed by an analysis of the structure of, and recent trends in, the SME sector. The size of the SME population has been estimated; the profile of entrepreneurs in the Republic of Moldova is based on data emerging from Labour Force Surveys (LFS). This section is followed by a review of the evolution of the business climate and a presentation of the SME institutional framework and of the various programmes being carried out with the support of the donor community. The chapter concludes with a set of final considerations on the issues faced by SMEs in the Republic of Moldova and the identification of a number of key structural factors that may constrain the development of this sector.


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