SCAAK and EBRD finalize project to support micro and small enterprises towards economic recovery

2020-10-15 - 07:08

The Society of Certified Accountants and Auditors of Kosovo (SCAAK) has finalized the implementation of the project for "Supporting micro and small enterprises towards financial management", a project which was supported by the European Bank for Reconstruction and Development (EBRD) through Government funding of Luxembourg.

Through this project, micro and small enterprises were helped to increase their capacities to understand the financial structure of the enterprise, by drawing up plans to mitigate the economic and financial impact, as well as to find ways to solve the financial problems and difficulties with which these enterprises face.

As part of the project were also webinars which were attended by 4 groups of 15 participants, representatives of micro and small enterprises. During the webinars the participants were trained on using the model for forecasting and financial analysis towards the recovery and further development of their enterprises. This model will serve as a tool for forecasting cash flow, performance, position and financial analysis as well as reporting for these enterprises.