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European Funds Financial Management   Mario Borisic
 

European Funds Financial Management Mario Borisic

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    European Funds Financial Management   Mario Borisic European Funds Financial Management Mario Borisic Presentation Transcript

    • WELCOME EUROPEAN FUNDS FINAN CIAL MANAGEMENT Tr ainer : Mario Borišić Contact: [email_address]
    • Introduction
      • Briefing
      • O n topic and its significance :
      • - Getting information on financial sources and available European Funds for entrepreneurs
      • - Introducing the European Funds budget structure and financial reporting
      • - Role and development of entrepreneurship , activities related to application submission to pre-accession European Funds
      • Working mode : theoretical base , pra ctical experience, drills, guests
      • Working rules : informa tional base and practical experiences
    • Objectives
      • Train the participants to :
        • OBJECTIVE 1: Provide the participants with basic knowledge of the EU pre-accession support instruments
        • OBJECTIVE 2: Which programmes – The way the company succeeded with the EU Funds assistance
        • OBJECTIVE 3: How to apply for the programmes in future / EU Funds
        • OBJECTIVE 4: Which funds / competitions for the concerned entrepreneurs in transition
        • OBJECTIVE 5: Tr aining devoted to the future marketing company promotion ?
    • Daily Topics Daily activities DA Y 1. Give brief review of the programme / EU Funds ( IPA programmes, what are they . , Capacity building , office for technical support and information exchange, twinning and partnership , community programmes CIP and etc . DA Y 2. Mi crofinancial support, pre-accession assistance services (f unds )- examples of marketing promotion of the company , catalogues , fairs DA Y 3. Preparation of documentation for the application to the call DA Y 4. Available resources of EU for S erbia in the period 2007- 2013 DA Y 5. How to apply my for EU Fund ( examples of best practice , what can I get , advices )
    • Your Trainer
      • MARIO BORIŠIĆ
      • Education : Faculty of Economics , course of studies: Finances and Accountancy , graduated in the field of Financial reports revision , number of trainings in the country and abroad
      • Profes sional experience : Finan cial management and business , Bank ing , Finan cies of EU Funds , consulting
      • Current employment : Regional Agency for Economic Development of Šumadij a and Pomoravlj e Kragujevac
      • Po sition : Financial consultant
    • Day 1
      • OBJECTIVES :
      • * Introduction with European Funds and the possibilities to apply for the assets
      • Support programmes EU – IPA Funds
      • Irrevocable assets
    • Da y 1
      • Significance and objectives of European integrations
      • Economy system and entrepreneurship development and European Standards
      • SME sector and Development projects
    • Da y 1
      • Significance and accessibility of European Funds
      • Program mes of European Funds
      • Entrepreneurship development by European Funds
    • Da y 1
      • IPA F UNDS (Instrument for Pre-Accession Assistance – IPA 2007-2013)
      • IPA Funds are Development funds
      • Established by the European Commission with an aim of external support provision in the budget period 2007-2013
      • Finan cial value of the IPA Funds for the defined period is 11,468 billion €
      • Advantages of IPA Funds
      • Beneficiaries of IPA Funds
    • Da y 1
      • IPA Funds components for the period 2007-2013:
      • Transition support and institution building
      • Trans border cooperation
      • Regional development
      • Human resources development
      • Rural development
    • Da y 1 European Commission approved the potential candidate countries the use of the first and second IPA component in the period 2007-201 3, while the project types and activities from the components 3,4,5 are to be supported within the component 1 . S erbia uses the first two components . Purpose of the IPA Funds assets is primarily to support the reforms and development, EU standards and regulations application and further approach of Serbia to European Union .
    • Da y 1 COMPONENT 1: ASSISTANCE IN TRANSITION AND INSTITUTION BUILDING IN TRANSITION encompasses 3 subcomponents : A – Politi cal requirements : stable, modern, democratic and open society based on the rule of law support B – Socio – economic requirements : support to economy and society development , employment increase , education , health system , programmes of competitiveness , small and medium enterprises, rural development C – E uropean standards : integra tion and building all socio-economic capacities aimed at further development
    • Da y 1
      • COMPONENT 2: TRANSBORDER COOPERATION
      • Trans-border cooperation support to be established between Serbia and neighboring EU member countries, candidate countries and potential candidate countries.
      • Bi l lateral program mes
    • Da y 1
        • CIP PROGRAM ME
        • - ENTREPRENEURSHIP AND INNOVATIVNESS PROGRAMME (EIP)
        • Access to finances and SME cooperation and information exchange
        • Entrepreneurship and innovation culture
        • Entrepreneurship reforms and new trends
        • Business making support
    • Da y 1
      • TWINNING Program me : cooperation of member countries with concrete institutions of the candidate countries for the EU membership , aimed at national administration and law system support
      • CARDS Program me : Program mes of stabilization and accession of countries to EU, related to reconstruction, development and stabilization of economic reforms and social development
      • TAIEX Program me : short-term assistance to new EU member countries, candidate countries for the membership and the countries of Western Balkan
    • Da y 1
      • COMPETITION FOR EUROPEAN FUNDS
      • Sources of information
      • Selection of the right call
      • General conditions for call
      • Application to call
      • Approval of the assets
      • Implementation of project activities
      • Monitoring and project activities supervision
    • Da y 1
      • APPLYING FOR EUROPEAN FUNDS
      • IRREVOCABLE FINANCIAL ASSETS for SERBIAN EXPORTING ENTERPRISES – SME SE CTOR :
      • FOREIGN MARKET SURVEY
      • PARTICIPATION IN INTERNATIONAL ECONOMY FAIRS
      • D ESIGN AND NEW PACKAGES OF THE PRODUCTS
      • D ESIGN AND PROMO MATERIAL PREPARATION
      • ADVERTISING IN FOREIGN TRADE JOURNALS
      • OTHER ACTIVITIES AS IN CALL PROPOSAL
    • Da y 1
      • APPLYING FOR EUROPEAN FUNDS
      • IRREVOCABLE FINANCIAL ASSETS FOR NEW INVESTMENTS IN SECTORS :
      • PRO DUCTION
      • SERVICES
      • REASEARCHING AND
      • DEVELOPMENT
      • APPROVAL OF ASSETS AND EMPLOYMENT ENHANCEMENT, PROFIT AND MARKET PARTICIPATION
    • Da y 1
      • Sources of information for the European Funds Programmes :
      • Internet pre sentation :
      • seio.sr.gov.rs
      • merr.gov.rs
      • ec.europa.eu
      • ino.komora.net/eu/fondoviiprogrami
      • Technical literature, brochures, bulletins
    • WELCOME FINAN CIAL MANAGEMENT OF E UROPEAN FUNDS T rainer : Mario Borišić Contact: [email_address]
    • Day 2 OBJECTIVES : * E uropean funds –M icro-financial assistance, positive practice experience and Marketing promo tion of the company
    • Day 2
      • E uropean funds – Mi cro-financial assistance
      • Proje cts and fields of financing
      • Significance for entrepreneurship development
      • Proje cts : SME se ctors , clusters , associations , net development , foreign market launch , te chnology transfers , services , ...
      • Who can participate :
      • Different enterprises, institutions and individuals
    • Day 2
      • E uropean Funds – Mi cro-financial assistance
      • Micro-financial assistance for enterprises :
      • Pr eparation of project proposals and programmes to be financed through donations
      • Defini ning donors and sources of financing
      • Ap plying for the European Funds assets
      • Realiza tion of arrangements and project activities
      • Supervision and monitoring of project implementation
      • Operati onal -te c hni cal assistance to enterprises in activities implementation
    • Day 2 E uropean Funds – Mi cro-financial assistance A ctivities of Micro-financial assistance for enterprises : 7. Project sustainability 8. Overcoming problems of project activities and business activities synergy 9. Sinhron y za tion of business, harmonization of vision, mission and objectives of business making with donors’ assets 10. Activities, clusters linking and business cooperation of project participants
    • Day 2
      • How can company can become successful by deploying the European Funds assets
      • Objectives of the company business and entrepreneurs
      • Vi sion , mis sion and business strategy
      • Marketing concept
      • Finan cial support
      • Organiza tion and coordination of all company resources aimed to profit generation
    • Day 2
      • Budget of the project as applied for the European Funds assets
      • Stru cture of the budget
      • European Funds assets and co-financing
      • Procedur s and methodologies of running European Funds Budgets
      • Harmonization of operative project activities implementation and financing
    • Day 2
      • Sources of financing
      • Stru cture of expenditures in the Budget
      • Human resources as key element of Project activities
      • Office o perati onal costs and its supevizion
    • Day 2
      • Procurement of basics – equipment , vehicle, etc .
      • Tax treatment regarding the European Funds assets use and tax, custom’s fees exemption
      • Criteria of procurement and methodology. Tenders and procurement
    • Day 2
      • Finan cial reporting
      • Types of financial reports and evidence
      • Intern al and external beneficiaries of financial reports
      • Pre sentation of financial reports
    • Day 2
      • DRILL :
      • SELECT ACTIVITY AND FIELD OF BUSINESS
      • INVEST MENTS AND IRREVOCABLE ASSETS
      • BUDGET PREPARATION AND BUDGET ITEMS DEFINING
      • PROJECT ACTIVITIES PLAN AND IMPLEMENTATION MONITORING
    • Day 2
      • Role and function of Department of Finances and Accountancy in management European funds finances
      • Knowledge and respect of legal requirements, International accountancy standards, International Revision standards, Law on Accountancy, and other legal regulations
      • Finan cial advising and c ons u lting
      • Preparation of financial reports and Budget realization monitoring
    • Day 2
      • Princip e of Sustainability of the Projects financed by European Funds
      • Project Visibility – procedure s and examples from the practice of donors in European Funds projects
    • Day 2
      • Consultants role in the project
      • Experts engagement from the fields of specific company’s business
      • Types of consulting services
      • Best practice and experience exchange , benchmarking
      • Meetings of experts
      • Work teams and work groups
    • Day 2
      • European Funds Donors business assistance :
      • Services of informing on EU legal system and politics
      • Informi ng on financing and investments possibilities
      • Partner search for business-technical cooperation or technology transfer assistance
      • Business Interna tionalization
      • Innovativeness and competitiveness enhancement
      • Business problem solving assistance, cause analysis and defining the guideline for problems overcoming
    • Day 2
      • KEY FACTORS OF THE COMPANY FOR PROJECT IMPLEMENTATION :
      • Plan ning , organiz ing , and project activities leading and implementation
      • Coordination and interaction of employees and company sectors
      • Corporative organizational culture and climate
      • Consideration of all possibilities . Weaknesses, advantages, opportunities
      • Objectives, vision, mission, company strategy, orientation
      • Monitoring of significant business indicators : Income increase , Increase of employment , Profit increase , Development of product, services and their market launch, Investments and ventures
    • WELCOME EUROPEAN FUNDS FINAN CIAL MANAGEMENT Tr ainer : Mario Borišić Contact: [email_address]
    • Day 3 OBJECTIVES : * Selection of most relevant programme and Application documentation preparation
    • Day 3
      • Identifi cation of needs for some of the European Funds Programmes
      • Informi ng on donors’ proposals and funds availability, analysis of available potentials for participation in the call
      • Informi ng on applying conditions e
      • Selection of fund
      • Pr eparation of documentation for the Call
      • Participation in the call
    • Day 3
      • E uropean Funds – How to participate in the Call :
      • Grant s for projects – public calls
      • Memorandums of Understanding for studies preparation and other services – call for proposal
      • Finan cial instruments – through financial banks intermediary or specialized funds
    • Day 3
      • General documentation for participation :
      • Application format
      • Project description, the assistance is required for
      • Project proposal entity data
      • Project participants data
      • Cooperation agreement on project activities
      • Project Budget
      • Project co-financing
      • O ther documentation as required by the Call propositions
    • Day 3
      • Use of the Funds assets
      • Project activities realization
      • Project Budget and finances
      • Reporting and monitoring project implementation
      • Problem s in project activities implementation
      • Monitoring and Project control
    • Day 3
      • AP PLICATION FOR IRREVOCABLE ASSETS : GENERAL CONDITIONS OF THE CALL AND CRITERIA
      • BASIC INFORMATION ON LEGAL ENTITY, BENEFICIRY OF THE ASSETS
      • VI SION , STRATE GIC ORI ENTATION AND OBJECTIVES
      • MOST IMPORTANT PRODUCTS AND SERVICES AND MARKET
      • COMMERCIAL PART OF THE PROJECT : product development strategy, planned market share, distribution, etc .
      • ASSESSMENT OF THE COMPETITION : dom estic and foreign market , SWOT anal ysis of products / services , assessment of purchasing power and providers’ capacities
    • Day 3
      • AP PLICATION FOR IRREVOCABLE ASSETS : GENERAL CONDITIONS OF THE CALL AND CRITERIA
      • MARKET ANALYSIS : market growth , demand and offer , profit
      • FINAN CIAL PLAN AND BENEFICIARY PLAN
      • PROJECT ACTIVITIES EXPENDITURES
      • SOURCES OF FINANCING-ACTIVITIES :
      • Capital : dom estic and foreign
      • Bank ’s credits
      • Securities
      • Other sources of financing
    • Day 3
      • AP PLICATION FOR IRREVOCABLE ASSETS : GENERAL CONDITIONS OF THE CALL AND CRITERIA
      • O PPENING NEW JOB POSITIONS AND EMPLOYMENT
      • INVESTMENTS INTO EDUCATION AND TRAINING
      • INVEST MENTS INTO NEW TECHNOLOGIES AND DEVELOPMENT : research and development activity plan, scope and time frame of investments into research and development equipment
      • ENVIRONMENT IMPACT ASSESSMENT OF PROJECT ACTIVITIES AND PROJECT IMPLEMENTATION
      • DESCRIPTION OF PLANNED ACTIVITIES
      • TIME FRAME FOR ACTIVITIES IMPLEMENTATION
    • Day 3
      • AP PLICATION FOR IRREVOCABLE ASSETS : GENERAL CONDITIONS OF THE CALL AND CRITERIA
      • HUMAN RES OURCES
      • PROJECT TEAM MANAGER
      • PROJECT TEAM MEMBERS AND ORGANISATION
      • PROJECT TEAM MEMBERS REFERENCIES
      • IMPACT ON MUNICIPALITY AND LOCAL SELF-GOVERNMENTS DEVELOPMENT
      • SUPPORT OF OTHER SUBJECTS IN PROJECT ACTIVITIES REALISATION
      • INVESTMENTS SUSTAINABILITY AND INVESTMENTS IN BUSINESS CONTINUATION
    • Day 3
      • RS Development Fund
      • Credit types
      • Start-up credits
      • Innovation development credits
      • Short-term and long-term credits
      • Submission of application for credit approval
      • Documentation needed
    • Day 3
      • B usiness plan and its role in applying for the European and domestic funds’ assets and credits
      • Business Plan Structure
      • Finan cial elements of the business plan, state and predictions of future business parameters, incomes and expenditures of entrepreneurial company
      • Financial planning role
    • Day 3
      • Budget preparation
      • Starting points
      • Stru cture and projection of budget positions
      • Sources of Financement – Project value i sufinansiranje
      • Paramet ers of budget preparation – time frame of project duration , project value , limited assets , a ctions and project activities , gross amounts of expenditures
      • Redistribution of assets – budget modification
      • Budget adoption, proposals and suggestions
    • Day 3
      • Program mes and funds
      • Pre -accession funds
      • Stru ctural funds
      • O ther external aid
      • Finan cial institutions and banks
      • Program mes of natural resources preservation and protection
      • Competitiveness, growth and employment programmes
      • Citizens freedoms, safety and justice programmes
      • Education and culture development programmes
      • Trans-border cooperation programmes
    • Day 3 10. Competitiveness and innovation programmes 11. Informatics society related programmes 12. Specific economy branch related programmes 13. Reforms and concrete institutions enhancement related programmes * See Review of budget funds /program mes of European Commission a vailable for the period 2007-2013, Enclosure
    • WELCOME FINAN CIAL MANAGEMENT OF E UROPEAN FUNDS T rainer : Mario Borišić Contact: [email_address]
    • Da y 4 Objective : Introduction with CIP- program me for entrepreneurship and innovations , Program me of support to Information and Communication Technologies and Program me of Europe Inteligent energ y
    • Da y 4
      • CIP STRUCTURE – PROGRAMMES AND POLICIES:
      • ENTREPRENEURSHIP AND INNOVATIVENSS PROGRAMME
      • INTELIGENT ENERGY OF EUROPE
      • POLYTICS OF INFORMATION-COMMUNICATION TECHNOLOGIES
    • Da y 4
      • CIP PROGRAMME FOR ENTREPRENEURSHIP AND INNOVATIVENESS
      • Objectives :
      • Access to finances
      • SME cooperation and information exchange
      • In novations and eko-in novations
      • Entrepreneurship i in novation culture
      • Reform s related to entrepreneurship and innovativeness
    • Dan 4.
      • CIP PROGRAMME FOR ENTREPRENEURSHIP AND INNOVATIVENESS
      • Instrument s :
      • Finan cial instruments
      • Business support services
      • In novative projects : se ctors , clusters , nets , te chnology transfer , services ...
      • Anal isis , development and coordination politic
    • Da y 4
      • CIP PROGRAMME FOR ENTREPRENEURSHIP AND INNOVATIVENESS
      • Objective is to facilitate competitiveness of European enterprises, SME sector primarily , as well as, support to innovations, better access to capital and services for business support , wide use of Information-Communication Technologies and Informatics society development assistance
      • Programme participants can be legal entities from public and private sector but not physical entities
      • Grant s are given for co-financing of approved project activities, not for profit generation
    • Da y 4
      • CIP PROGRAMME FOR ENTREPRENEURSHIP AND INNOVATIVENESS
      • Access to finances
      • Target group – small enterprises
      • Access to finances through provision risk capital and guarantee capital for SME enterprises in the kick-off and expansion phase
      • Possibility of guarantees , debt guarantee to encourage banks to give the loan to SMEs, decreasing the bank risk
      • Assistance for capacity development of financial mediatory to invest and give loans to SME
    • Da y 4
      • CIP PROGRAMME FOR ENTREPRENEURSHIP AND INNOVATIVENESS
      • 2. Services for SME business support
      • Information , advices , business cooperation , business internationalization services
      • Services related to innovations , technology and knowledge tansfer
      • Common research projects and technology initiatives
    • Da y 4
      • CIP PROGRAMME FOR ENTREPRENEURSHIP AND INNOVATIVENESS
      • 3. In novation projects
      • Support to development transnational nets of innovative companies and other actors in innovation process, including benchmarking and best practice exchange
      • Ec o-in novations , pollution decrease and optimiza tion of resources use by introduction of new production processes and services or business methods that decrease expenditures and bring to positive management of polluted areas – e c olo gy clusters , pilot-proje cts , e c o-d esign of packages and etc .
    • Da y 4
      • CIP PROGRAMME FOR ENTREPRENEURSHIP AND INNOVATIVENESS
      • 4. In nitiatives , development , coordination and policy improvement :
      • Participation of experts in the meetings , experience exchange, making conclusions , recommendations , knowledge transfer, anal isis of results .
      • Examples : education for entrepreneurship , women entrepreneurship , p rojects kick-off , start-up p rocedure s , internacionaliza tion and etc .
    • Da y 4
      • CIP PROGRAM ME – EUROPE INTEL LIGENT ENERGY
      • Objectives :
      • Promo ting energy efficiency and rational use of resources ( e.g. Industr y , constructing )
      • Introduction with new and renewable energy sources
      • Energij y in transport
    • Da y 4
      • CIP PROGRAM ME – EUROPE INTEL LIGENT ENERGY
      • Instrument s of support : pilot proje cts , projects transfer , promo tion and dissemination of projects information , repeating successful projects .
      • Executive Agenc y prepares public calls , carry out the procedure of selection , monitors implementation of approved programmes and sends feedback information to relevant EU bodies .
    • Da y 4
      • CIP PROGRAM ME – COMMUNICTION-INFORMATION TECHNOLOGY POLITICS
      • Objectives :
      • Unique informative space ( wireless access , infrastru cture of large capacities , wide accessions of content and services )
      • Wide acceptance and better ICT use, especially SME sector related
      • Benefits of Information Societies of all citizens and public interest services
    • Da y 4
      • CIP PROGRAM ME – COMMUNICTION-INFORMATION TECHNOLOGY POLITICS
      • Instrument s of support : pilot proje cts , best practice exchange , t hematic net ( common travel map , ICT health service , soci al integration ), anal isis of the policy and promotion activities
      • Compulsory participation of 3,4 or 6 countries in this programmes .
    • Da y 4
      • PRE CONDITIONS OF EU FRAME PROGRAMME FOR
      • COMPTETIVENESS AND INNOVATIVENES – CIP ARE :
      • Participation of number of countries
      • Identification of adequate partner for project activities
      • Exchange of experience
      • Joining nets regarding project ideas
      • Selection of grant s based on best criteria : complete application , impact , significance of project , capacity of application and budget .
    • WELCOME FINAN CIAL MANAGEMENT OF E UROPEAN FUNDS T rainer : Mario Borišić Contact: [email_address]
    • Da y 5 Objective : Introduction with sources of information, presentations and possibilities of call participation for European Funds Pre sentation of new forms of joint ventures with European Funds’ assets use
    • Da y 5
      • MANAGEMENT OF EUROPEAN UNION FUNDS IN SERBIA
      • MINIST RY OF FINANCES –
      • AND SE C TOR FOR EUROPEAN UNION FUNDS PROGRAMMING AND MANAGEMENT :
      • SPHERE OF ACTIONS
      • SECTOR ORGANISATION
      • DEPARTMENT FOR PROGRAMMING AND COORDINATION OF THE EU FUNDS AND DEVELOPMENT ASSITANCE :
      • G roup for coordination and EU Funds programming
      • Gr oup for strategic planning, monitoring and reporting
    • Da y 5
      • MANAGEMENT OF EUROPEAN UNION FUNDS IN SERBIA
      • DEPARTMENT FOR MANAGEMENT OF TRANSBORDER, TRANSNATIONAL AND REGIONAL COOPERATION PROGRAM MES
      • Gr oup for the programmes of trans-border cooperation with EU member countries
      • Gr oup for the programmes of trans-border cooperation with EU candidate countries and potential candidates
      • Gr oup for maintenance and development information systems related to monitoring EU Funds donations and development assistance
    • Da y 5
      • MANAGEMENT OF EUROPEAN UNION FUNDS IN SERBIA
      • MINIST RY OF FINANCES –
      • II SE C TOR FOR NATIONAL FUND FOR EU ASSETS MANAGEMENT
      • GR OUP FOR FINAN CIAL MANAGEMENT
      • GR OUP FOR FINANCIAL CONTROL
      • GR OUP FOR DECENTRALIZED MANAGEMENT OF EUROPEAN UNION FUNDS
    • Da y 5
      • MANAGEMENT OF EUROPEAN UNION FUNDS IN SERBIA
      • MINISTR Y OF FINANCES –
      • III SE CTOR FOR CONTRACTING AND FINANCING PROGRAMMES WITH EUROPEAN UNION ASSETS
      • Gr oup for project management , financial management , control and reporting
      • Gr oup for carrying out public procurement procedures
      • Gr oup for quality control
    • Da y 5
      • EUROPEAN FUNDS AND ENTREPRENEURSHIP DEVELOPMENT
      • DEVELOPMENT OF SME SECTOR OUT OF EUROPEAN FUNDS
      • SOURCES OF INFORMATION RELEVANT FOR SMEs IN SERBIA
      • INTERNATIONAL STANDARDS OF PRODUCTION AND SERVICES INTRODUCTION
      • INCREASE THE QUALITY OF BRAND NAME AND MARKET SALE STABILITY
      • RECOGNIZABILITY IN RELEVANT ECONOMY SECTOR AND “ PATTERN ” FOR OTHER COMPANIES
    • Da y 5
      • EUROPEAN FUNDS AND ENTREPRENEURSHIP DEVELOPMENT
      • FINAN CIAL EFFECTS OF ENTERPRISES AND SME SECTOR PARTICIPATION IN EUROPEAN FUNDS PROGRAMMES
      • SME BUSINESS DEVELOPMENT AND KEY ECONOMIC INDICATORS
      • INVEST MENT POLICY
      • INTERNATIONAL COOPERATION
      • FORM ATION OF BRANCH ASSOCIATIONS AND CLUSTERS OF ACTIVITIES
    • Da y 5
      • Introduction with Clusters
      • Clusters are groups of industry or companies mutually connected regarding the buy and sale, sharing the same client base, infrastructure, skills and whose connections enhance the competitiveness of participants .
      • Based on system connections
      • Geogra phically limited
      • Defined by economic, demographic, cultural and other regional characteristics .
    • Da y 5
      • ADVANTAGES OF CLUSTER’S MEMBERSHIP :
      • Lower business costs : e.g. Procurement is made at cluster’s level that decrease the expenses , lower price and cheaper transport, as well as, decrease of the material stock due to establishment optimal stock system at the level of the group of companies .
      • Lower new product and services development expenses
      • Technical –technological knowledge and information exchange
      • Presence on foreign - markets
      • Prospects of larger investing and investments
      • B etter funds’ access, favorable credits and sources of financing
    • Da y 5
      • MODEL OF CLUSTER ESTABLISHMENT
      • Establishment of infrastructural support for clusters development
      • Identifi cation of possibilities for cluster establishment within the territory
      • A ctivities of cluster establishment and labour force training Development and application of modern technologies and entrepreneurial ideas support
      • Establishment of organizational and managerial structure
      • Marketing enhancement
      • Investment in clusters development
    • Da y 5
      • G UEST
      • T OPIC : CLUSTERS AND SME SECTOR DEVELOPMENT WITH IRREVOCABLE ASSETS; RESULTS OF FINANCING
      • PO SITIVE AND NEGATIVE EFFECTS OF FINANCING
      • INTERNATIONAL COOPERATION OF DOMESTIC ENTERPRISES WITH FOREIGN ENTERPRISES AND SME SECTOR
    • Da y 5
      • USE OF EUROPEAN FUNDS ASSETS
      • FINANCIAL MANAGEMENT STRATEGY
      • FINAN CIAL POLICY
      • FINAN CIAL REPORTING
      • KNOWLEDGE OF INTERNATIONAL STANDARDS FROM THE DOMAIN OF ACCOUNTANCY, FINANCIAL OPERATIONS AND HARMONIZATION WITH LEGAL SYSTEM HERE
    • Da y 5
      • INTERNATIONAL COOPEARTION OF DOMESTC ENTERPRISES AND EUROPEAN IN SME SECTOR
      • FIELDS OF COOPERATION IN SME SECTOR
      • WAYS OF COOPEARTION
      • RAISING THE LEVEL OF COMPETITIVENESS AND BUSINESS EFFICIENCY
      • JOINT VENTURES AND INVESTMENTS
    • Da y 5
      • INTERNATIONAL COOPEARTION OF DOMESTIC AND EUROPEAN ENTERPRISES IN SME SECTOR
      • PR EPARATION OF ENTERPRISES FOR FOREIGN MARKET LAUNCH
      • UNDERSTANDING LEGAL, TAX AND CUSTOM REGULATIONS OF THE FOREIGN MARKET TO BE ACCESSED
      • COMMUNICATION WAYS AND BUSINESS SPECIFICITY OF RELEVANT FOREIGN MARKET
      • SME SUPPORT PROGRAMMES
      • ROLE OF CHAMBER OF ECONOMY
    • Da y 5
      • CAPACITIES AND POSSIBILITIES OF THE COMPANY TO MANAGE PROJECT ACTIVITIES FINANCES
      • LIMITATIONS AND BARRIERS
      • CONSULTING AND FOLLOWING SERBIAN AND EUROPEAN REGULATIONS
      • BUSINESS ADVISING AND PROJECT ACTIVITIES IMPLEMENTATION
      • FINAN CIAL REPORTS AND MONITORING OF FINANCES EXPENDITURES APPROVED FOR CONCRETE PROJECT
    • Da y 5
      • Drill :
      • Linkage of business activity and European Fund, for example: which cluster would you establish and how would you apply for the European Fund assets
      • Pr oposal of project activities, with special stress on project budget
      • Poten tial results of project activities and strategy of sustainability
      • Disbursement of assets