SMEs account for around 99% of the total number of active businesses

Strategy to Boost SMEs' Competitiveness

The Ministry of Economy and Innovation has opened for public consultation the Policy Document for Small and Medium-sized Enterprises (SMEs) 2026-2030, a strategic package that foresees 3 main development pillars, 11 specific objectives, and 25 priority measures for the transformation of the sector by 2030.

The document aims to increase the productivity and competitiveness of SMEs by orienting them towards innovation, digitalization, and deeper integration in European and global markets.

According to the Ministry, the envisaged interventions build an integrated approach where the development of business capacities, the improvement of the operational environment, and the strengthening of access to financing are treated as part of a single policy system.

The three main pillars of the document include: strengthening the capacities of SMEs, improving the business climate and regulatory environment, and expanding access to finance and support instruments for investment and growth.

In this context, the document’s 25 priority measures focus on several key areas of sector development. They include increasing entrepreneurial skills and human capital, promoting innovation and the knowledge economy, accelerating digital transformation and the application of Industry 4.0 technologies, and improving standards and certifications in line with European Union requirements.

The measures also provide support for the transition to a green and circular economy, facilitating access to financing and alternative financial instruments, strengthening the financial education of entrepreneurs, and developing mechanisms for business restructuring and recovery.

The 2026-2030 Strategy is in line with the priorities of the European integration process and the requirements of Chapter 20 “Enterprises and industrial policies”, as well as with the objectives of the European Union for SMEs and sustainable development.

The public consultation process, according to the ministry, aims to involve business, public institutions, academia, and development partners, with the aim of finalizing a comprehensive and implementable document on the ground.

The implementation of the document will be coordinated by the Ministry of Economy and Innovation, in cooperation with line institutions and relevant agencies, while the estimated financial effect amounts to around Lek 32.7 million, covered by institutional budgets and development partners.