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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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Slovak Republic

Starting a business in the Slovak Republic is less costly than in most OECD countries, but burden on firms remain due to administrative requirements and the complexity of rules. In 2016, the government introduced the “Act on the Promotion of Small and Medium Enterprises” which includes specifications on SME coverage in regulatory impact assessment. Furthermore, since the beginning of 2017, a new corporate structure is in place, the “simplified joint stock company”, with minimum share capital of EUR 1. This company form is particularly well suited for venture capital and private equity investments as it enables to issue various classes of shares and agree beforehand on the exit from the company.

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