Small Business Impact Report

New legislation for a better business environment

In Montenegro, the new law on factoring and leasing has entered into force and Kosovo has adopted a reformed legislative framework on factoring. Support for factoring and leasing, which will diversify and ease access to finance for SMEs, is also ongoing in FYR Macedonia, Georgia and Tunisia. Croatia adopted a legislation aimed at establishing an SME listing platform and the new Progress Market became operational in Croatia and Slovenia. The EBRD also signed Memoranda of Understanding for SME Local Currency Programmes with Albania and Uzbekistan. In the Kyrgyz Republic, the EBRD supported amendments to the public procurement law enabling online procedures to facilitate SMEs’ participation in public tender processes, and helped establish e-licensing services for businesses.