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SMEs and Entrepreneurship Development and Institutional Support in Republic of Srpska (Bosnia and Herzegovina)

In: Entrepreneurship in the Balkans

Author

Listed:
  • Saša Petković

    (University of Banja Luka)

  • Jelena Tešić

    (University of Banja Luka)

Abstract

The economy of Bosnia and Herzegovina and the Republic of Srpska (RS) in the last decade, from 2001 to 2010, according to official statistics, has recorded a significant economic growth. Between 2001 and 2010 GDP in the RS has almost tripled, from 1,478,000 € to 4,250,000 €, respectively (Republic of Srpska Institute of Statistics 2011). This growth is due to the growth of the sector of small and medium-sized enterprises (SMEs) that, in the period between 2006 and 2008, has recorded a growth of SMEs of 8.41 %. The growth has continued in 2009. Out of 14,321 companies, only 55 or 0.38 % were large enterprises. However, in 2010, according to APIF data, 9,472 companies have submitted their required financial reports for the year 2009. Comparing this number with the data from 2009, the question is what happened with other companies? Have they ceased to do business or simply have not fulfilled their legal obligation?

Suggested Citation

  • Saša Petković & Jelena Tešić, 2013. "SMEs and Entrepreneurship Development and Institutional Support in Republic of Srpska (Bosnia and Herzegovina)," Springer Books, in: Veland Ramadani & Robert C. Schneider (ed.), Entrepreneurship in the Balkans, edition 127, pages 293-315, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-36577-5_15
    DOI: 10.1007/978-3-642-36577-5_15
    as

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