Entrepreneurship and business environment

This section is trying to give an answer to two relevant questions: Why is the domestic entrepreneurship so important for Serbian economy and on which possible way is necessary to improve the work of the institutions so its development can go in the right way. This issue will also stress the significance of Serbia’s SMEs, specifically their characteristics and importance for GDP growth and employment in Serbia. It is the experience of others that matters, especially European countries that have already developed successful models of entrepreneurship and clustering. Very important question is the public institutions’ support to the SME sector by implementing laws in a way that this sector is not at a disadvantage compared to large enterprises (“Think Small” principle).