“…In Poland, Hungary and Romania, the authorities have facilitated the upgrade programs of the SMEs through the introduction of some factors, including economic, administrative and legal reforms. These measures have allowed private enterprises to place themselves in a very good competitive position [60]. Reference [104] added other factors for sector development of SMEs for these three countries, among others, initiatives regarding the elimination of the system of central planning, decentralization of decision-making for state enterprises, the adoption of incentives-oriented institutional innovation, market liberalization, the flexibility of fiscal control, the reorganization of public enterprises, price liberalization, open markets to foreign investment and development of adequate infrastructure.…”