Access to Finance

The purpose is to improve the business environment, reduce administrative obstacles and raise the level and quality of public services that business entities in BiH, have to overcome.

It aims to improve the competitiveness of the economy by supporting technological development and important elements of business conditions, which will result in the removal of obstacles to greater investments in technological modernisation and the development of the economy based on knowledge and innovation.

Steps

2.2.1.1. Entity levels Innovation Plans until 2025 are updated and harmonised When these Innovation Plans are updated and harmonised, collaboration will be fostered while reducing duplication of efforts.

2.2.1.2. Country-wide smart specialisation strategy and a new 2026-2031 strategy and action plan for scientific development are adopted A country-wide mart specialization strategy ensures that innovation efforts are targeted towards sectors and areas where the country has competitive advantages and potential for growth.

2.2.1.3. Improve the regulatory impact assessment in process of drafting regulations to cover the impact on SMEs, in accordance with competences. Through this Step, not only compliance costs and administrative burdens on SMEs will be reduced, but their growth and innovation will be supported. Adoption of the methodology in accordance with the OECD Best Practice Principles on Regulatory Impact Assessment will gradually lead to reach this goal.

2.2.1.4. Framework for Strategic guidelines for harmonisation of entity's support for SMEs and entrepreneurship is adopted, in particular startups and MSMEs in digital sector. The development of strategic guidelines for harmonisation of entity's support for SMEs and entrepreneurship in particular startups and MSMEs in digital sector will lead to supports startups and MSMEs in overcoming barriers and seizing opportunities.