Policy Outcome: SMEs – The Future of CEE?
Small and Medium-sized Enterprises (SMEs) account for 99% of entrepreneurial entities in the CEE and employ some 70% of labour in the region. In some respects, SMEs are already “the present” of the economic activity in the CEE, and are recognised as a vehicle driving economic expansion, social development, innovation and poverty reduction mainly due to their capacity to create jobs. The Focus Group discussion recognised this capacity and focused on several key aspects for SME’s performance, key challenges faced by SMEs (especially in the CEE countries) and key policy recommendations.
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