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The Economic Recovery, including SMEs Sector, is Secured

Author

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  • Miroljub Hadžić

    () (Singidunum University)

  • Petar Pavlović

    () (Public Policy Secretariat, Government of The Republic of Serbia)

Abstract

During the period 2009-2014 Serbia faced zero rate of growth. In the last two years it put the main economic problems, namely: the budget deficit, public debt and international debt, under controll. At the same time international and domestic demant somewhat increased while inflation rate staid at low rate and as a result it seems that economic recovery is now secured.Above all market reforms in some imporatnt areas got momentum. The reaction of small and medium scale enterpises and shops was positive and again more entrepreneurs started their business than quited. The aim of the paper is twofold: firstly, to illuminate what are the main reasons for overall positive economic trends especially in SMEE sector and secondly, to elaborate why is important now to introduce measures in order to improve competitiveness of Serbian SMEs and how to do so.

Suggested Citation

  • Miroljub Hadžić & Petar Pavlović, 2017. "The Economic Recovery, including SMEs Sector, is Secured," Proceedings- 11th International Conference on Mangement, Enterprise and Benchmarking (MEB 2017),, Óbuda University, Keleti Faculty of Business and Management.
  • Handle: RePEc:pkk:meb017:110-120
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    File URL: http://kgk.uni-obuda.hu/sites/default/files/09_Hadzic_Pavlovic.pdf
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    References listed on IDEAS

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    1. Zoltán J. Ács & Erkko Autio & László Szerb, 2015. "National Systems of Entrepreneurship: Measurement issues and policy implications," Chapters, in: Global Entrepreneurship, Institutions and Incentives, chapter 28, pages 523-541, Edward Elgar Publishing.
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    Keywords

    SMEE; market reform ; recovery; support;

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