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	<title>enterprise-structure-economy &#8211; Albanian  Telegraphic  Agency.</title>
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	<lastBuildDate>Tue, 08 Jun 2021 13:19:29 +0000</lastBuildDate>
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		<title>Small and medium-sized enterprises/ MoFE draws up new law to boost competitiveness and economic development</title>
		<link>https://en.ata.gov.al/2021/06/08/small-and-medium-sized-enterprises-mofe-draws-up-new-law-to-boost-competitiveness-and-economic-development/</link>
					<comments>https://en.ata.gov.al/2021/06/08/small-and-medium-sized-enterprises-mofe-draws-up-new-law-to-boost-competitiveness-and-economic-development/#respond</comments>
		
		<dc:creator><![CDATA[Sonila Mehmeti]]></dc:creator>
		<pubDate>Tue, 08 Jun 2021 13:16:46 +0000</pubDate>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Flash News]]></category>
		<category><![CDATA[News from Albania]]></category>
		<category><![CDATA[enterprise-structure-economy]]></category>
		<guid isPermaLink="false">http://en.ata.gov.al/?p=150545</guid>

					<description><![CDATA[TIRANA, June 8 /ATA/ The Ministry of Finance and Economy has drawn up the draft law &#8220;On the development of micro, small and medium –sized enterprises&#8221; in order to increase business, boost competitiveness and economic development of the country.” There has been a low interest in AIDA co-financing schemes, due to lack of information from [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>TIRANA, June  8 /ATA/ The Ministry of Finance and Economy has drawn up the draft law &#8220;On the development of micro, small and medium –sized enterprises&#8221; in order to increase business, boost competitiveness and economic development of the country.”</p>
<p>There has been a low interest in AIDA co-financing schemes, due to lack of information from businesses on how to apply which was by mail and not electronically, lack of business support services, etc. </p>
<p>For this, the MoFE considers it very necessary to review the legal framework to support enterprises to be coherent with its needs.</p>
<p>The goals and targeted results of the draft act are to increase support for small and medium-sized enterprises by 50%, to increase applications for new technologies from zero currently to 50% by 2022, to increase the number of new enterprises on a year to year basis, the number of employees as well as introduce new financial instruments by 10% and increase grant absorption rate by 100%. </p>
<p>The enterprises are divided into micro-enterprises, small and medium-sized enterprises. The category of micro-enterprises and small and medium enterprises (SMEs) includes those enterprises, which employ less than 250 people and realize a business figure and / or a total annual balance below ALL 250 million.</p>
<p>This draft act includes in the state budget the costs stipulated in the Business Development and Investment Strategy 2021-2027, for the support of micro, small and medium enterprises, in the form of financial support (grants) and support services (training, counselling).</p>
<p>The Albanian economy is mainly focused on commercial activity, a phenomenon which is also observed in enterprises registered during 2020. New registrations number 22.1% of commercial enterprises.<br />
/sm/</p>
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