SME internationalisation in Central and Eastern Europe
This report draws on four major business events organised by ACCA in 2011 in Poland, Ukraine, Romania and Bulgaria, which focused on how to encourage innovation and internationalisation among SMEs. These events brought together politicians, EC representatives, finance providers, business group representatives, accountancy professionals and SME entrepreneurs to share their insights and experiences.
Small and medium-sized enterprises (SMEs) form the potential powerhouse of European economic growth. Smaller businesses have the ability to act fast and respond to market opportunities as they arise. The European Commission recognises the importance of SMEs. It understands that Europe’s capacity to build on SMEs’ growth and innovation potential will be decisive for the future prosperity of the European Union.
Highlights and conclusions captured in this report will be of particular interest to governments in the region and to the European Commission, which is actively seeking to increase the rates of international activity among European SMEs. Similarly, the practical recommendations and conclusions contained in this report will be of direct relevance to businesses owners and advisers alike.
Key themes are noted in this report including:
- why internationalisation matters the extent to which SMEs are currently internationalised SME strengths and opportunities barriers SMEs face when seeking to internationalise the role of government in helping SMEs build international businesses the role of advisers, including ACCA members, in helping SMEs.