BELGRADE – SMEs in vulnerable sectors are the most affected

Small and medium-sized businesses in vulnerable sectors are the most affected by the current state of emergency in Serbia, Serbian Association of Managers president Dragoljub Damjanovic said during an online conference in Belgrade.

During the conference called “Business in Challenging Times”, he explained that urgent efforts were required to encourage big businesses to boost the turnover of smaller businesses as much as possible, and that the government should bring a special set of measures for those in the hardest-hit sectors. 

“It is vital for the first level of aid to be directed at these businesses, to defer their payments to the state, so that they don’t need to lay off workers, and are enabled to quickly restart their business with the help of favorable loans without large guarantees,” Damjanovic said.

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