Institutional Governance and Legislative Framework for SMEs: A Strategy for Economic Growth and European Integration
During a workshop on institutional governance and legislative framework for Small and Medium-sized Enterprises (SMEs), organized by the Ministry of Economy and Planning, Paolo Castrataro, Head of Mission at the Economic Governance Support Program, outlined a series of measures aimed at stimulating entrepreneurship and economic growth, while strengthening European integration and international cooperation. Here are the key points and proposals from his speech.
Inclusive Strategy for Three Distinct Audiences
Castrataro emphasized an inclusive strategy focused on three distinct groups: children, students, and adults. He stressed the importance of developing educational programs tailored to each group to promote innovation, creativity, and entrepreneurial spirit from a young age. These initiatives aim to prepare the future generation to tackle tomorrow's economic challenges.
Digital Platforms for Information Sharing and Collaboration
The speaker highlighted the crucial role of digital platforms for information sharing and collaboration. He cited the example of a platform developed by SME Corporation Malaysia, an agency that centralizes data, coordinates projects between public and private sectors, and facilitates access to financing for SMEs. This platform enables 24/7 communication among stakeholders and offers tools to resolve export and import issues.
European Inspiration for Online Services
Similarly, a strategy is envisioned for Europe, where dedicated online services could harmonize local initiatives and improve their effectiveness, inspired by European models such as those in Germany and Italy.
Regional Development Councils
Castrataro proposed the establishment of regional development councils, inspired by European models. These entities would bring together representatives from public administrations, the private sector, and civil society to evaluate and improve the impact of economic policies. This model would enable better coordination between regions, relying on innovative climate and industrial strategies.
Clear Definition of SMEs and Robust Financing Plan
Castrataro also emphasized the need to clearly define SMEs based on criteria such as turnover and capital. To support these initiatives, a robust financing plan is proposed, with state guarantees for local and international SMEs. The goal is to maximize investments while ensuring total transparency. Evaluation criteria will include turnover, capital, and independence from large structures.
Combining Technological Innovation, Entrepreneurship, and Regional Integration
This plan combines technological innovation, entrepreneurship, and regional integration to drive economic growth and European integration.
