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Fresh boost to small and medium-sized enterprise development
Belgrade, Feb. 21, 2002 - A contract was signed in Belgrade today between the Republic Labor Market Bureau and the Agency for the Development of Small and Medium-Sized Enterprises, aiming to encourage entrepreneurship and boost employment.

The contract on collaboration in training and stimulating employment in the small business sector was signed today by Labor Market Bureau director Svetozar Krstic and Agency director Nenad Penezic.

"The government's plan for 2002 includes material support to setting up 2000 small enterprises and shops," Krstic told a news conference. "Of that number, we will provide training to 1500 prospective entrepreneurs for their future work."

"The four-month course will include training in management, finance, book-keeping, the essentials of marketing, and computers. An English language course has also been planned. Future entrepreneurs will be given state credit references for the Fund for Development, commercial banks and foreign creditors," Krstic said.

One of the priorities set by the Serbian government for 2002 is the development of small and medium-sized enterprises, since the experience of other countries in transition has shown that this sector constitutes the most powerful engine of economic development.

Within the framework of business cooperation between the Labor Market Bureau and the Agency for the Development of Small and Medium-Sized Enterprises, special emphasis will be placed on promoting flexible employment opportunities such as part-time jobs and family-friendly employment - a new feature of the recently adopted Labor Act.

Penezic said that the novelty consisted in providing a legal framework and contracts for these kinds of jobs, ensuring all legal rights to the employee.


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