On 11 July, the Armenian capital of Yerevan will host an expert seminar on small and medium-sized enterprises (SMEs) strategy development.
The aim of the seminar is to present international good practices on SME strategy design, such as the importance of setting realistic targets, displaying a logic of intervention with priority actions organised along a limited number of strategic directions, and developing action plans with clear responsibilities for implementation.
The meeting will also announce the launch of the third cycle of the Small Business Act for Europe (SBA) Assessment, organised by the Organisation for Economic Co-operation and Development (OECD) in the framework of the EU-funded project ‘EU4Business: From Policies to Action’.
The Small Business Act for Europe is an overarching framework for EU policy on SMEs. It aims to improve the approach to entrepreneurship in Europe, simplify the regulatory and policy environment for SMEs, and remove the remaining barriers to their development.
In the context of the project, the OECD carries out an SBA Assessment in all the countries of the Eastern Partnership region, monitoring progress in the implementation of the 10 principles of the Small Business Act for Europe, and measures convergence towards EU practices and standards.
