• NAME OF RESEARCH

    Strategies of the Development of Entrepreneurship and the SME Sector in the Black Sea Economic Cooperation Region

  • NAME OF AUTHOR

    Konrad-Adenauer-Stiftung e.V. & ORGANIZATION OF THE BLACK SEA ECONOMIC COOPERATION

  • CATEGORY

    Entrepreneurship & SME

  • YEAR

    2011-07-22

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The financial crisis has made it more difficult and more costly for SMEs to receive credits and loans, hence mar- marginalizing the access of small business to a vital source of financing. Therefore it becomes obvious that the governments shall secure a simple and straightforward access to nance for SMEs by providing enough liquidity and simplify the criteria for their access to  financial resources. To take a broader look, the future financial system has to be redesigned to support the needs of consumers and enterprises, particularly SMEs, and not the “global speculators” which, in a way, are not associated with the production cycle.