Small and Medium-Sized Enterprises as a Factor of Serbian Economy

In contemporary conditions of economy, small and medium enterprises are one of the key development factors of economy of every country. These companies make 99% of the total number of registered companies in most countries. In addition to the impact that these companies have on strengthening of employment, they also affect improvement of the economic situation of a country as well as the development of competition. In Republic of Serbia, small and medium- sized enterprises are the most profitable segment of economy. This sector realizes about 46% of exports and 60% of imports and employs over 67% of total number of employees. Also, balanced regional development of Serbia largely depends on the success of small and medium-sized enterprises and their equitable distribution.