The 16th national conference on economy and entrepreneurship to focus on small enterprises on the threshold of the integration into a single European market will be held form 31 May to 2 June in Sveti Martin, Minister for Entrepreneurship and Trade, Gordan Maras said at a news conference in Zagreb on Tuesday.

Some 500 participants including entrepreneurs, business people, government and local officials are expected to take part in the event in the northernmost Croatian town.

According to Maras, the venue of the conference was selected after bids were called and that the costs for this year's gathering will be below HRK 400,000 as against HRK 1.8 million for the last year's conference of this kind.