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ITALIAN-ALBANIAN SME’s DEVELOPMENT PROGRAMME

Albania

Initiative timeframe: 2006/2013

Total initiative costs

€ 31,403,330.0
Reparted as
  • Loans € 27,500,000.0
  • Grants € 3,903,330.0

Dati finanziari aggiornati al 10.11.2015

Status

75 Complete
75%

Albania


Location

Albania

Photo gallery

initiative aims at facilitating access of albanian smes to formal credit system through soft loan facility (25 mil.euro credit line) & credit guarantee fund (2.5 mil. euro). a grant component (1.7 mil. euro) is provided to support relevant capacity devel. read more close

Main outcome

Thanks to the effective collaboration with the local commercial banks, Albanian Small and Medium Enterprises make productive investments and contribute to the economic growth of the country.

Initiative data

Initiative number 007961
Purpose Small and medium-sized enterprises (SME) development
Sector III.2.a. Industry, Total

Subjects

Agency MAE - Direzione Generale per la Cooperazione allo Sviluppo
Counterpart authority Albanian Ministry of Economic Development, Tourism, Trade and Entrepreneurship (MEDTTE)
Representative andrea.senatori@esteri.it
Other financiers -

Beneficiaries

The beneficiaries of the initiative are the Albanian SMEs, the local banking system, and the public and private actors involved in the promotion of entrepreneurship. Currently, 8 of the major commercial banks in Albania are partner of the programme. Since 2009, the programme has supported 104 SMEs.

Beneficiaries of which females 15.0%

Enhancing SMEs Development in Albania: A Study on Macro-Financial Soundness Indicators (Download)

The economic study, conducted by the consulting PBM in the frame of our Program for the development of Albanian Small and Medium Enterprises (SMEs), aims at analyzing the economic structure of the country, considering the perspective of the Macro-Financial Soundness Indicators.

Date Oct. 31, 2011

Publication: The Italian Cooperation in Albania - Private Sector Development (Download)

The Memorandum of Understanding on the division of labor among donors in Albania, signed in May, 2010, recognizes to Italy the role of European Lead Donor in the development of private sector. In Albania the Italian leadership in this field supports the Albanian Ministry of Economy, Trade and Energy (META) to define strategies and develop the private sector, especially regarding small and medium enterprises (SMEs), following the EU recommendations. The Small and Medium Enterprises Development Program has three components: a Credit Line (€ 25 M), a Guarantee Fund (€ 2.5 M) and Technical Assistance (€ 1.7 M). The Italian Cooperation promotes Italian model and experience in the field of SMEs and encourages the interaction between the two countries at the level of institutions and individuals, to promote economic and social development in Albania, on the road towards European integration.

Date Jan. 1, 2013
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