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OECD SME and Entrepreneurship Outlook 2019

image of OECD SME and Entrepreneurship Outlook 2019

The new OECD SME and Entrepreneurship Outlook presents the latest trends in performance of small and medium-sized enterprises (SMEs) and provides a comprehensive overview of business conditions and policy frameworks for SMEs and entrepreneurs.

This year’s edition provides comparative evidence on business dynamism, productivity growth, wage gaps and export trends by firm size across OECD countries and emerging economies. It explores the implications of digitalisation and globalisation for market conditions and SME access to strategic resources such as finance, skills, technology, data and other innovation assets. The report gives comparative analysis of regulatory frameworks and policies to enhance contributions by SMEs and entrepreneurs, and delivers a forward-looking perspective on the opportunities and challenges SMEs and entrepreneurs face in doing business and scaling up their activities. It also contains country profiles outlining the latest developments in national SME performance and business conditions, with expanded country profiles available on line.

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Lithuania

Since its independence in 1990, Lithuania has promoted market-friendly reforms; yet, stringent labour market regulations, complex licensing norms, and lengthy insolvency procedures weigh on business activity and contribute to informality. Reforms in licensing procedures are underway which should reduce the administrative burdens for firms. Also, a comprehensive law on corporate insolvency is being drafted which changes the criteria for starting bankruptcy procedures, set clearer deadlines for filings, and establishes more favourable conditions for enterprise restructuring.

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