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Performance of SMEs in 2013

The European Union has published an annual review of the performance of small and medium-sized enterprises (SMEs). Annual Review analyzed the progress of European countries in the implementation of the Small Business Act for the year 2013. The main conclusion is that the economic situation for small businesses is still difficult. Economic recovery is apparent, but unequally distributed across Member States.

Compared to 2008, the number and value of SMEs increased, while employment decreased by 2.16% (1.9 million people). The most affected are SMEs operating in the construction sector, which fell by 22%. In the same period the services, information and communications, and real estate sector exceeded the values ​​from before the crisis (2008) by 7%, 9% and 15% respectively.

According to the achieved recovery, the Commission classified the countries into two groups. In the first group are countries that have fully recovered and even exceeded the value added and employment of SMEs from the year 2008. These countries are Germany, Austria, Sweden, Belgium, Malta, Luxembourg, the United Kingdom and France. On the other hand, there are countries whose SMEs level of value added was 10% lower than in 2008, these countries are Greece, Spain, Portugal, Croatia, Cyprus, Ireland, Romania, Slovenia, Latvia and Hungary.

Slovenia

In Slovenia, in the year 2013, there were 115.000 SMP, which is 8% more than in 2008. These small businesses represent 99.8% of all enterprises. Employing 405,000 workers, which is 9% less than before the crisis of 2008 and create 11 billion value added. Forecast for the period 2013-2015 for SMP is negative, because it is assumed that the number of SMP will decrease by 3.4% and employment by 3.9%. The value added of SMP should increased slightly by 1.2%. The assessment of the business environment ranks Slovenia somewhere in the EU average. The most negative values came due to non-responsive administration and difficult access to finance. While, Slovenia rank best in the area of environment.

Sources:

http://europa.eu/rapid/press-release_IP-14-1078_en.htm

http://europa.eu/rapid/press-release_MEMO-14-549_en.htm

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