Modest and Fragile Signs of SMEs Recovery in Serbia

Miroljub Hadžiæ () and Petar Pavloviæ ()
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Miroljub Hadžiæ: Singidunum University
Petar Pavloviæ: Ministry of Regional Development and Local Self-Government of the Republic of Serbia

from Óbuda University, Keleti Faculty of Business and Management

Abstract: The world economic crisis stopped fast development of SMEs in Serbia and those economic subjects are still suffering. It seems that there are positive signs from 2012, as after few years of downturn business demography of companies is improving and became positive. Considering competitive level very positive signal is fast increasing export, especially high tech products and relatively good position in ICT use. At the same time less optimist position is regarding investments and costs competitiveness, which point importance of governmental support and financial support from banks. Entrepreneurs are aware that the crisis is of long lasting sort. They are ready to fight and ask government to dismantle obstacles and to improve overall business environment. The aim of the paper is twofold: firstly, to examine the current situation, problems and limitations to SME development, and, secondly, to propose an adequate support policy mix.

Keywords: SMEE; crisis; business climate; support policy (search for similar items in EconPapers)
Date: 2014
ISBN: 9786155460067
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