Sekulić: Small and Medium Size Enterprises are Main Power Force of Economic Growth

By , 05 Jul 2018, 12:05 PM Business
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July 5, 2018 - Small and Medium Enterprises (SMEs) are the main power force of the economic development of Montenegro, said the Minister of Economy Dragica Sekulić, adding that the Government has enabled numerous programs of financial and technical support to domestic and foreign companies. 

In Vienna, at the ministerial meeting of the Western Balkans Summit, Sekulić said that strengthening the domestic economic sector is one of the conditions for raising the competitiveness of the business environment.

According to the Ministry, Sekulic also said that it is necessary to work on the promotion and development of SMEs, in order to strengthen confidence in the private sector and employers.

She also pointed to the necessity of promoting and supporting SMEs. Sekulic recalled that the Ministry recently established the Investment Directorate, development of small and medium enterprises and management of the European Union (EU) funds, from which companies can get technical assistance, information, and advisory support. Montenegro, as she said, will be fully committed to the realization of the activities from the Multi-Annual Action Plan of the Regional Economic Space. "Montenegro has realized a high percentage of activities after the summit in Trieste in all four components - trade, investment, mobility, digitization," Sekulić said.

She stated that Montenegro ratified the CEFTA Additional Protocol 5 in December last year and endorsed the text of the Additional Protocol 6 on Trade Services. "Montenegro has also begun to work on the development of the National Action Plan for the implementation of RIRA and is in the process of forming working groups for its implementation. When it comes to the digital agenda, national broadband infrastructure is rapidly registered," Sekulić said.

EU Neighborhood Policy and Enlargement Commissioner, Johannes Hahn, said that regional trade between the Western Balkans countries in the previous period shows a strong growth and indicates a good result of the member states' cooperation within the Berlin process.

"This process needs to be accelerated because no major changes are needed to ensure that all countries agree with the proposed, all in favor of six Western Balkan states members," said Hahn.

Participants agreed that there is a need for a greater support for small and medium-sized enterprises, especially in the area of women's entrepreneurship.

The topics of the meeting in Vienna included the digitized Western Balkans, regional economic, SME and start-ups, i.e. expanded and facilitated access to financial resources.

Text by Mina business, on July 4th 2018, read more at Vijesti

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