Law No. 148-Z “On support for small and medium-sized businesses”.

This Law outlines the legal framework for the support of small and medium-sized enterprises (SMEs), emphasizing the role of the Council of Ministers in determining the specifics of creating and operating financial support institutions for entrepreneurs. The primary objectives include creating favorable conditions for the development of SMEs, promoting competition, and increasing the number of such enterprises. Key legal principles include ensuring equal access to support for SMEs and involving representatives of these entities in the formation of state policy regarding their support. The document specifies several measures aimed at supporting SMEs, including the establishment of mutual credit societies as non-profit organizations for providing temporary financial assistance to members. It guarantees SMEs the opportunity to participate in state procurement processes and outlines simplified tax regimes and reporting requirements for small businesses. Additionally, it emphasizes the need for information and consulting services to enhance awareness of entrepreneurial conditions and development directions. The implementation of the outlined measures involves the establishment of a supportive infrastructure for SMEs, including the creation of specialized media and informational resources. The document highlights the importance of reducing administrative burdens and streamlining procedures for SMEs. It also calls for the transfer of unused state property to SMEs for effective use, either through sale or lease. Stakeholder involvement is emphasized, particularly the participation of SME representatives in policy formulation and the development of regulatory acts related to their support.