Publications → Privatization and SME → Development of private sector

Bridging the gaps? Private sector development, capital flows and the investment climate in south-eastern Europe

This paper provides an overview of private sector activity and investment in south-eastern Europe (SEE). The importance of the private sector is growing in all countries of the region. The private sector is dominated by small and medium-sized enterprises (SMEs) and much economic activity takes place in the untaxed informal sector. Lack of finance is a key constraint for enterprises. Foreign inflows, therefore, play a crucial role in providing a source of finance for new investment.

Link	http://www.ebrd.org/pubs/econo/wp0080.htm
Author	Falcetti, E., Sanfey, P., Taci, A
Date	Jun 2003
Institute	EBRD
Tags	investment, private, sector, SME, finance, SEE