Serbia adopts new strategy for support to SME development

Serbia’s Ministry of Economy has stated that the strategy for support to the development of small and medium-sized enterprises (SMEs), entrepreneurship and competitiveness from 2015 to 2020, adopted by the government on Thursday, has been harmonized with the EU policy.

The measures for improving the situation in key fields for the development of entrepreneurship were grouped into six pillars of the strategy.

The strategy is aimed at improving the business climate, providing better access to sources of financing, continued development of human resources and strengthening the sustainability and competitiveness of SMEs.

The document also envisages steps that should be taken in order to provide better access to new markets, raise the entrepreneurial spirit and encourage women and youth entrepreneurs and social entrepreneurship.

The Strategy and the Action Plan have been prepared in consultations with the Serbian Chamber of Commerce, the Union of Employers of Serbia, Foreign Investors Council, National Alliance for Local Economic Development, AmCham, USAID and other business associations, the ministry said.