The National Strategy for small and medium enterprises for 2020

The Ministry of Economy and Trade and ‘Invents’, an expert in developing strategies and managing investments, launched a study entitled "the national strategy for medium and small enterprises for 2020".  The study was launched during the Start-up Lebanon conference held in New York (For more information, click here). According to this study, 90% of currently active enterprises are either small or medium sized. The study suggests that small and medium enterprises be defined according to their annual income and number of staff. Micro enterprises are those which annual income does not go beyond 300,000 USD compared to 3.3 million USD for small enterprises and 16 million USD for medium enterprises. The strategy also defines the key objectives or targets which would contribute to developing and improving the competitiveness of enterprises. The strategy also highlights initiatives which would help small enterprises in overcoming challenges to development such as access to capital and markets and ability to generate employment.