Local Development and SMEs: The case of Romania and lessons for other countries

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Local Development and SMEs The case of Romania
and lessons for other countries

• Presentation by Declan Murphy,
• Director, Investment Compact for South East
  Europe, OECD, at the CEI Summit Economic Forum,
  Warsaw, 19 November 2003

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Institutional Framework

• Good progress in establishing
• Network of one-stop-shops in 42 counties
• Dedicated ministry, but recently changed to new
  agency

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Insights from SME Owners, Managers and
Representative Bodies in Romania
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Local and Regional Governments

• Investment Compact research rating given to
  local and regional governments mandate and
  resources 1.7 out of 5
• Efforts by local authorities appreciated, but law
  not very specific about powers
• Link to overall strategy unclear
• Lack of resources and skills to effectively help
  businesses

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Other Local Agencies

• Regional Development Agencies
• Regional Offices of the Chambers of Commerce and
  Industry
• National Association for Private SMEs
• All provide advice at local level.

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The Stability Pact - Investment Compact Working
to Improve Business Environment (Strategy and
Process)
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WWW.InvestmentCompact.org

• Declan Murphy
• Director, Investment Compact for
• South East Europe, OECD
• 2 rue André-Pascal
• 75775 Paris CEDEX 16 FRANCE
• Tel [phone]
• Fax [phone]
• Email Declan.Murphy_at_oecd.org