 Development of small business sector in Slovakia in years 1993-2006Iveta Ubreziová, Krzysztof Wach () and Martina Majorová MPRA Paper from University Library of Munich, Germany Abstract: The main focus of the article is to elaborate on the importance and role of small and medium-sized enterprises in Slovak economy. The authors show development tendencies of SME sector in Slovakia in the years 1993-2006. Where it was possible the authors enumerated the data for the year 2007. The paper analyses the state of the sector of small and medium-sized enterprises, seeking to understand the causes of its relative strength and weakness. The share of SME sector in all registered enterprises in Slovakia is convergent with that for the whole EU average and it amounts to 99.8%. In Slovakia the share of microenterprises amounts to 79.3% which is the lowest feature in the EU. It means that the situation in Slovakia seems to be better for the economy, as the microenterprises do not provide huge impact for national employment and GDP. In Slovakia the share of SMEs in total employment is crucial and amounts to 61.2%. A present-day share of SME sector in both export and import volumes is more than 1/3 of the total volume of foreign trade of Slovakia. Keywords: entrepreneurship; small and medium-sized enterprises; Slovakia (search for similar items in EconPapers) Published in Folia Oeconomica Stetinensia 1.7(2008): pp. 144-162 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:31511 Access Statistics for this paper More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC. |
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