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Modest and Fragile Signs of SMEs Recovery in Serbia


  • Miroljub Hadžiæ

    () (Singidunum University)

  • Petar Pavloviæ

    () (Ministry of Regional Development and Local Self-Government of the Republic of Serbia)


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.

Suggested Citation

  • Miroljub Hadžiæ & Petar Pavloviæ, 2014. "Modest and Fragile Signs of SMEs Recovery in Serbia," Proceedings- 11th International Conference on Mangement, Enterprise and Benchmarking (MEB 2014),, Óbuda University, Keleti Faculty of Business and Management.
  • Handle: RePEc:pkk:meb014:41-56

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    References listed on IDEAS

    1. Finger, J M & Kreinin, M E, 1979. "A Measure of 'Export Similarity' and Its Possible Uses," Economic Journal, Royal Economic Society, vol. 89(356), pages 905-912, December.
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    SMEE; crisis; business climate; support policy;


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