Small Business Act Fact Sheet
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The SME policy framework for Albania is established in its 2014-2020 Business and Investment Development Strategy, which covers all enterprises and formulates the strategic approach to industry and competitiveness. A number of key components of an SME-friendly business environment are missing, such as fostering entrepreneurship in the school curriculum, setting up regulatory impact assessment procedures, developing alternative sources of finance besides traditional bank lending, and setting up fast-track and specific bankruptcy procedures for SMEs.
