Some aspects of business operations of Serbian economy in 2017

Abstract

After a period of stagnation, caused by the global economic crisis, the Serbian economy has been transformed into a growing economy with a satisfactory level of price and currency stability. In order to maintain this trend in the future and to ensure further acceleration of economic activity, it is necessary to identify the key problems faced by companies in every economic segment. In this sense, the aim of this paper is to identify the segments of the economy with the most favourable and the disadvantageous business economy, as well as the advantages and limitations of each segment individually. To perform this comparative analysis, the ratio analysis was applied in combination with PROMETHEE and the entropy method. Research results suggested that medium enterprises and those operating in the sector of information and communication and in the region of Vojvodina had the most favourable business economics, while the micro enterprises, those who operate in the construction sector and in the region of Kosovo and Metohija were in the worst economic and financial situation. On the basis of the obtained results, appropriate recommendations and guidelines for improvement of the business economics in the worst ranked segments of the economy have been defined.

What is the effect of contemporary financial concepts on business performances of the Serbian companies?

“…Technology and the innovations, as the crucial part of development on macro and micro level, has been the main subject of various papers and researches, focusing on the importance of entrepreneurship. However, even though the year 2016 was declared as the year of entrepreneurship in Serbia, there are still many restrictions for doing business, especially for micro enterprises (Krstic, Fedajev & Nikolic, 2018). Investments represent the necessary precondition for enterprises' development and within the context of changing business environment and related risks, the focus should be on proactivity and flexibility.…”