As nations in the Western Balkans opened up to private investment in the 1990s, newly created enterprises (mostly SMEs) fueled regional economic development by facilitating the transition from a massive state-owned structure to a market economy. SMEs now account for 99% of all active businesses, up to 81% of total value created, and 72% of total employment in the Western Balkans.
As nations in the Western Balkans opened up to private investment in the 1990s, newly created enterprises (mostly SMEs) fueled regional economic development by facilitating the transition from a massive state-owned structure to a market economy. SMEs now acc.ount for 99% of all active businesses, up to 81% of total value created, and 72% of total employment in the Western Balkans