Serbian Assistant Minister of Economy and Privatisation, Blagoje Paunovic, said as part of the Strategy for the Development of Small and Medium-Sized Enterprises (SMEs) campaign that SME development is the driving force behind economic growth aimed at creating a strong private sector.
At a meeting with representatives of SMEs, Paunovic said that the Guarantee Fund will soon begin providing guarantees to banks for extending loans to SMEs and announced changes to the Law on Public Procurements that will benefit local SMEs.
According to Paunovic, laws on private companies, leasing, and transactions will also help Serbia's economic recovery.
Serbia has ten regional centres for supporting the development of SMEs, said Serbian Agency for Small and Medium-Sized Enterprises Director Nenad Penezic, adding that another four will be set up by the end of the year.
Source: Serbia Info
