AmCham Slovakia


Sheltering SMEs from consolidation measures

Small and medium enterprises (SMEs) are the business sector with the greatest potential for growth in the Slovak economy. They act as an important factor of social stability because their vital role is in job creation, balanced regional development and introduction of innovation into economic practice. Despite the fact that the ideal tool for creating a balanced business environment is to apply the same conditions to all market operators, it is the small and medium-sized enterprises, which are much more sensitive to government policy than large enterprises. Policies supporting SMEs in particular can have two different forms. The first are financial instruments and the second is a strong and stable legislative framework.


 Ivan Pešout Director General for Strategy, Ministry of Economy