Author(s):
1. Nikolche Jankulovski, Faculty of Technical Sciences, Bitola, Macedonia

Abstract:
An important factor in the development of entrepreneurship is the financial FINANCE POLICIES INCENTIVES of SMEs. Levratto (1996) refers to the financial territory of SMEs, defined as a set of relations between firms and different types of financial partners, including banks, venture capitalists and public institutions. Banks often label SMEs as vulnerable with high odds of discontinuance. Accordingly, they restrict lending and apply a high-risk premium to SMEs. As a consequence of the lack of availability of financial resources/funds for small business owners and/or the lack of information about existing resources in the mid-nineties the self-financing ratio for young (technology) companies in R.Macedonia are unsufuciant To resolve the financial problems of SMEs the Macedonian government has prepare appropriete strategy and programme. This programme assists SMEs in the most risky phases of their development with guarantees and co-financing and operates in cooperation with other banks and financial institutions. The optimistic view is that where Macedonia experienced a growing economy despite low levels of entrepreneurship, it may profit more than other countries in the Balkan region from an upsurge of entrepreneurship in the future.

Key words:
finance, incentives, entrepreneural, policies, SMEs

Date of abstract submission:
15.06.2011.

Number of visits:
626

Conference:
REDETE 2011