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Copyright of Textile Industry / Tekstilna Industrija is the property of Union of Textile Engineers & Technicians of Serbia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Small and medium-sized enterprises (SME's) is a significant segment of the Serbian economy which make up 99.8% of the total active businesses, employing nearly 2/3 of employees in the non-financial sector and account for about 30% of GDP in the formation of Serbia. In this paper is given an overview of SME's state and prospects for 2013 year for which statistical data was available. Increasing the level of development and competitiveness of small and medium enterprises (SME) is the backbone of economic development in Serbia. The transition period is characterized by a number of reform measures and activities of Serbian government, especially in the field of structural changes in the economy, and therefore the continued growth and development of SMEs. [ABSTRACT FROM AUTHOR]