S&T Country Report - Albania - WBC-INCO Net

• Establishment of public institutions for micro–lending.
The network of micro credit institutions would be established with the basic
intent to provide interest for low interest loans and to provide micro credits and
credits for small business to existing and start up enterprises as well as to
individuals with low income which would like to start and expand the business.
• Development of credit line to support entrepreneurship in rural areas,
innovation projects, development of special credit lines.
Rural areas are particularly important for the establishment of sustainable
development and could have a key role to reduce disparity among regions.
Design integral approach for the development of rural areas by merging
financial resources of local institutions, commercial banks and international
donors and provide favourable loans. This form of financing would enhance
economic development in rural areas, enable creation of sustainable small
business in agriculture and tourism and increase employment.
The Fund for support of innovation projects would enable for favourable
financial assets for development of research and innovation, cooperation of
small and medium sized business with university with mutual project and
would lead to creation of new projects and processes and introduction of new
technologies.
• Development of special credit lines to support strategically
important activities Establishment of support for the special credit
lines for agriculture (viticulture), tourism (agro tourism and rural
tourism), wood processing and other priority activities.
• Diaspora Fund
• Implementation of the credit line for the increase in energy
efficiency of SME The project should enable SMEs to identify, in
relatively short timeframe, inefficient and ecologically damaging use of
resources, undertake measures for the improvement of energy
efficiency and introduction of renewable energy and to reduce cost of
business in that way.
In April 2007, within the programme “Competition and export encouragement”
(http://www.nasme.cg.yu/eng/infocus.php) the Directorate for Development of
Small and Medium-sized Enterprises (SMEDA) announced two credit lines, the
one intended for competition encouragement, through product and service
quality improvement and assortment widening and the other for export
encouragement, with the aim of encouraging product and service positioning
of Montenegrin enterprises in foreign markets. In addition, the Public Invitation
„Grant schemes for expense reimbursement” intended for present and
potential exporters to finance export marketing activities, has been
announced. It is planned to finance these activities with the sum of EUR
4.000.000, 50% of which is provided by SMEDA and the other 50 % is
provided by commercial banks.
• Development of untraditional financial instruments (venture capital,
angel investor capital, franchising, leasing).
Venture capital is provided with the aim to support entrepreneurship, financing
development of start-ups.
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