FINANCIAL AND NON-FINANCIAL SUPPORT OF SME AND ENTREPRENEURSHIP IN SERBIA: CRITICAL ANALYSIS

Abstract

This paper analyzes the financial and non-financial support to the small and medium enterprises and entrepreneurship (SMEE) sector in Serbia. The importance of a systemic approach to the support and stimulation of SME and entrepreneurs is critical in terms of transition. The aim of the support is to help SME and entrepreneurs in starting-up business and ensuring all required infrastructure, i.e. knowledge and resources that would enable them survival, growth and development, for the cause of providing terms of normal business within stimulative and competitive environment. Both financial and non/financial kind of aid and support is important for SMEE. General terms and conditions for the growth and development of SMEE sector in Serbia are substantially difficult. There are many institutions in Serbia today, which are suitable for supporting and development of the SMEE sector. The key question is which is the scope of the positive consequence of that institutional developmental network on development and coherence of small and medium enterprises? How far those institutions contribute to the real development of the entrepreneurship in Serbia? Which are the concrete results of such ensured support and stimulation? There is so far unsolved problem of determination of efficiency, i.e. sufficient usage of the network which entrepreneurs have.