emg home
Belgrade Tango Festival opens Thursday Regional conference of defense ministers in Pec Entrepreneurship Week in Macedonia PM Papandreou called emergency cabinet meeting EBRD is financing roads in Sarajevo Wheat to be sown on 450,000 hectares US invested USD 810 million in Serbia since 2001 Belgrade hotel on Forbes top hotel list Two Albanians arrested for Athens Bar Association robbery Greek PMI fell to 40.5 points in October European markets lower weighed by uncertainty about Greece Euro flat as traders watch Greece, ECB G20 to focus on eurozone Report on Kosovo composed based on field data Sydow meets north Kosovo municipal presidents Serbia today guarantees media freedom All six lanes on “Gazela” bridge to be open for traffic as of 12 November Redzepi: No unilateral actions in Northern Kosovo Ban Ki-Moon: North challgenge for international community Josip Boljkovac arrested for crime Mrkonjic: Solution for JAT by end of year Buzek: EU membership tangible prospect for Serbia Week of French Film begins in Skopje Talks with IMF on budgets for 2011 and 2012 Djelic to open “Applied Nostalgia” photographic exhibition Cvetkovic, Buzek to meet Panel discussion “Serbian diaspora – contribution to EU integration” Asian markets slide over Greek vote Greece, default fear, 2-year bond soars to 96.7% Romania: BNR cuts key interest rate to 6 percent Statement by President Barroso and President Van Rompuy on the intention of the Greek authorities to hold a referendum Eurozone watches as Greece heads for Dec 4 vote IMF to consider aid after referendum in Greece Greek FinMin says euro participation cannot be put in doubt

Funding sources pose problems for small companies

05. October 2011. | 07:39

Source: Tanjug

The core problems for small and medium companies are access to funds and cheap funds, Serbia's Minister of Economy Nebojsa Ciric said Tuesday.

The core problems for small and medium companies are access to funds and cheap funds, Serbia's Minister of Economy Nebojsa Ciric said Tuesday.

Opening the 7th international conference on small and medium companies at Belgrade's Sava Centre, he stated the two components were key to the development of that sector, which comprises 99.8 percent of the companies in the country and employs two thirds of the workforce.

Small and medium companies have had trouble finding sources of funding, especially since 2008, he noted, pointing out that new and innovative companies faced the biggest hurdles.

Deputy Prime Minister Verica Kalanovic said access to funding sources was key to solving the problems in the sector, which "has the most difficulties out of Serbia's entire economic system." This pillar of the economy is fairly vulnerable and sensitive and requires special attention, she stressed.

In their efforts to gain funds, small and medium companies encounter problems like high interest rates, tight payment deadlines, guarantees and complicated procedures, Kalanovic explained. Those companies have to become a carrier of the economic and social development, just like in most European countries, she remarked.

According to Kalanovic, 327,000 small and medium companies in Serbia have the potential to increase their workforce and export, and they represent a link to the local self-governments, which is why they are crucial to a balanced development of the country's regions, she concluded.


My Web

Enter text:


31. October - 06. November 2011.