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Expected results: increased capacity of enterprises to integrate into global value chains; increased export-intensity of enterprises; increased export of services.

Quoted: “(…) neither support nor business environment is fully developed to help Slovenian enterprises integrate in international economic flows or to provide support for export-oriented enterprises.

Reasons for improvement: no regional support structure for SMEs internationalization foreseen and no special actions for the East and West Cohesion Region. The institutional framework for the implementation of the actions is not described as well as the cooperation between different stakeholders is not defined although the beneficiaries are: SMEs, institutions, chambers, associations, NGOs, networks, Regional development institutions, public institutes. Therefore the main challenge to be addressed is the stakeholder cooperation in internationalization of Slovenian SMEs that will result in the Action Plan and the preparation of joint programme/project on regional level.

Which partners are working on this?

Donna Karan Paige Sling Back TcDgV

OPIC 2014-2020 is the instrument, directly related with the achievement of the EC purposes for growth and jobs, smart growth (Priority Axes 1, 2). The SME support for internationalization is included in Priority Axis 2: “Entrepreneurship and capacity for SMEs growth”; Investment Priority 2.2.; Specific purpose 2.2. OPIC includes many measures for stimulating the export, including raising the SMEs competitiveness, improving their management capacity, etc. There are no, however, measures addressing the SMEs by regions, especially tailored for those in remote areas. At regional/local level measures for encouraging internationalization are foreseen in the Municipal Development Plan of Varna 2014-2020 (MDPV). They are included in Priority Axis 2 of the document: Entrepreneurship and growth capacity of SMEs. The realization of these measures is supposed to be funded by different sources that are not specified, thus putting them into risk never to be realized. Another disadvantage is that the policy instruments at national and regional/local level are not well synchronized. The great challenge of the project is to elaborate a measure for stimulating the SMEs internationalization in remote areas, with the close collaboration between the national and regional/local stakeholders. It will be proposed for adoption in OPIC 2014-2020. A respective measure, which will be funded only by OPIC, will be included in the actualization of the MDPV too. This will guarantee its implementation.

Which partners are working on this?

Actions to support internationalisation in enterprises of Extremadura

This policy instrument has been included in the ERDF Operational Programme of Extremadura region, under the Priority Axis 3 “Enhancing the competitiveness of SMEs”, Investment Priority 3 (d) “Supporting the capacity of small and medium sized enterprises to grow in regional, national and international markets and to engage in innovation processes”.

Bureaux de change close down to avoid queues after Tehran tries to stabilise exchange rate

Saeed Kamali Dehghan Iran correspondent

Jil Sander JS30116 ofOfc

This article is over 2 months old

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Iran’s government is scrambling to contain a currency crisis after the rial hit an all-time low, prompting panic-buying of hard-to-find dollars amid political uncertainty.

The Iranian currency has been steadily losing its value against the dollar since the 1979 Islamic revolution, when one dollar bought 70 rials.

This week, one dollar was exchanged for up to 60,000 rials in central Tehran, as people sceptical of the country’s economic performance and uncertain about its future political stability rushed to get hold of more-stable foreign tender.

President Marsell Rouched Sandal xsPMIVyYd6
initially succeeded in controlling currency fluctuations inherited from his predecessor. While one dollar bought 36,000 rials in 2013, when he was first elected, it was the equivalent to 40,000 rials in April last year and 60,000 rials on Monday.

Vice-president Eshaq Jahangiri said the government would impose a unified rate of 42,000 rials for a dollar. On Tuesday, there were no signs that the policy was being successfully implemented as many currency exchanges in Tehran closed their shops to avoid long queues. Others did not sell.

The central bank, whose governor general was summoned to speak behind a turbulent session of the Iranian parliament on Tuesday, also limited the amount of foreign currency people that were allowed to keep in cash to €10,000 (£8,700) or equivalent.

The crisis comes three months after Charlotte Olympia Tutti Frutti Flat 4IvqROFX
that soon took on a political dimension and spread to up to 80 cities, taking politicians by surprise. In May, Donald Trump faces a deadline to either sign a presidential waiver on sanctions on Iran, or withdraw the US from the 2015 nuclear accord. The latter would have severe consequences for Iran as it the nuclear-related sanctions that were lifted as part of the agreement may be restored.

Saeed Laylaz, a prominent Tehran-based economist close to the Rouhani team, said both internal and external political reasons were driving the currency devaluation. Some officials have blamed Iran’s regional rivals, including US-backed Saudi Arabia and the UAE, for limiting Tehran’s access to dollars.

“In the past 20 years, we have consistently been having hard currency surplus, even under Mahmoud Ahmadinejad … so you have to look for domestic and international political reasons to understand this,” he told the Guardian. “We’re not facing a currency crisis, we’re facing a crisis in accessing currency notes, and there’s a big difference. If you want to access currency in the form of LCs [letters of credit], no matter [whether] you’re in the private or public sector, you can get it.”

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