SME Development in the Republic of Slovenia

Some fifteen years ago, European institutions started to discuss the role of entrepreneurship as a push for further development of national economies, particularly in line with the formation of new small and medium-sized enterprises (SMEs), promotion of their faster growth and active employment policy. Researchers (e.g. Reynolds/Hay/Camp 1999 found a strong correlation between the economic success of national economies, enterprises, economic and employment growth rates and the awareness of the role of SME and entrepreneurship in a society).