Enterprise policy is a key instrument for economic growth and development in Mediterranean partner countries in the EU's southern neighbourhood. This is one of the main findings of a major report on these countries' implementation of the Small Business Act for Europe.
Getting policy-making and the regulatory framework right is vital for Small and Medium-sized Enterprises (SMEs), which are important for job-creation and for more balanced economic growth. The EU's Neighbourhood Policy aims to support partner countries' efforts to improve business conditions for SMEs, notably by using the Small Business Act for Europe to help them to implement economic reforms. The Small Business Act is a set of principles and directives which drives SME policy-making and regulation in the EU.
The European Commission has made available € 12 million for 2014 to 2016 for support measures for SME's in the Southern Mediterranean Countries, in particular to improve the business enabling environment and for the establishment of business networks of companies in the Southern Mediterranean and in the European Union.
Here you can find the report by the Organisation for Economic Co-operation and Development (OECD), the European Commission and the European Training Foundation in consultation with the European Investment Bank.