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SME Policy Index: Western Balkans and Turkey 2019

Assessing the Implementation of the Small Business Act for Europe

In series:SME Policy Indexview more titles

Published on May 06, 2019

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Robust SME sectors are critical to the prosperity of the six Western Balkan economies and Turkey, accounting for over 70% of those employed in the business sector and generating 65% of value added in these seven economies. Yet their potential remains untapped, as SMEs across the region grapple with numerous challenges that hamper their growth and productivity. They are still under-represented in international trade, and their contributions to value-added remain comparatively low as they have difficulties in moving or expanding into high value-added activities.This report provides a comprehensive overview of the implementation of the ten principles of the Small Business Act for Europe (SBA) in the seven EU pre-accession economies over the period 2016-18. It monitors progress against similar assessments performed over the past decade and identifies the outstanding challenges affecting SMEs. It also provides targeted recommendations to remove barriers to SME development and unleashing their potential for driving inclusive economic growth.

TABLE OF CONTENTS

Foreword
Abbreviations and Acronyms
Executive summary
Economic context and the role of SMEs in the Western Balkans and Turkey
Policy framework and assessment process
Overview of key findings
Assessment findings by SBA Dimension12 chapters available
Entrepreneurial learning and women’s entrepreneurship (Dimension 1) in the Western Balkans and Turkey
Bankruptcy and second chance for SMEs (Dimension 2) in the Western Balkans and Turkey
Institutional and regulatory framework for SME policy making (Dimension 3) in the Western Balkans and Turkey
Operational environment for SMEs (Dimension 4) in the Western Balkans and Turkey
Support services for SMEs (Dimension 5a) in the Western Balkans and Turkey
Public procurement (Dimension 5b) in the Western Balkans and Turkey
Access to finance for SMEs (Dimension 6) in the Western Balkans and Turkey
Standards and technical regulations (Dimension 7) in the Western Balkans and Turkey
Enterprise skills (Dimension 8a) in the Western Balkans and Turkey
Innovation policy for SMEs (Dimension 8b) in the Western Balkans and Turkey
SMEs in a green economy (Dimension 9) in the Western Balkans and Turkey
Internationalisation of SMEs (Dimension 10) in the Western Balkans and Turkey
Small Business Act assessment: Western Balkans and Turkey profiles7 chapters available
Albania: Small Business Act profile
Bosnia and Herzegovina: Small Business Act profile
Kosovo: Small Business Act profile
Montenegro: Small Business Act profile
North Macedonia: Small Business Act profile
Serbia: Small Business Act profile
Turkey: Small Business Act profile
Annexes3 chapters available
Methodology for the 2019 Small Business Act assessment:
The Small Business Act assessment’s scoring model for Bosnia and Herzegovina
Semi-structured interviews with private sector representatives
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