Private Sector Development
According to OECD "private sector" is conceived by the donor community as a basic organising principle for economic activity where private ownership is an important factor, where markets and competition drive production and where private Initiative and risk-taking set activities in motion. The private sector principle can be applied in all economic activities - agriculture. industry and services. Donor motivations for supporting private sector development are based on promoting economic efficiency and social welfare (OECD).
Eurecna was originally born as a is the international know-how transfer harm of CNA Veneto, a major federation of private enterprises in North-eastern Italy. When the EC Phare programme started Eurecna helped the European Commission to develop the private sector in the countries of Central Eastern Europe. The first project was awarded in Romania in 1991 and more ones followed shortly after in Poland, Moldova, Slovenia, Croatia, Hungary, Estonia, and later in Armenia, Turkmenistan, Russia, and Kazakhstan.
In the last 20 years the widespread adoption of an economic development paradigm based on policies to strengthen market forces, increase competition and refocus the role of the state has heightened the importance of private sector development. Many developing countries are undertaking structural reforms aimed at encouraging private enterprise to take root and flourish.
During almost 20 years of operation in the TA business Eurecna has shared internationally the Italian and European best practice in the field of private sector development. In particular Eurecna capitalized the experience of CNA which is a pillar of the Italian enterprise support system and its Veneto branch which has been one of the driving forces behind the impressive economic growth of North-eastern Italy which was a very poor region at the end of World War II and is now one of the richest regions in Europe.
We strongly believe that private sector development promotes efficient economic growth and development and is a source of wealth, dynamism, competitiveness and knowledge. Employment and incomes created by private enterprises lead to a more equitable diffusion of the benefits of growth to more people. In the case of microenterprises these factors are further enhanced by virtue of their particularly direct impact on poverty alleviation and on the integration of women and other marginalised segments of society into economic life.
Our areas of expertise include:
- SME development policies and Support Measures
- Improving the business regulatory environment
- Promoting deregulation and competition
- Export and Investment Promotion
- Credit Schemes for Small Businesses and Guarantee Funds
- R&D, Innovation and Technology Transfer
- Agribusiness and Rural Development
