Like so many nations that have recently gone through major restructuring over the past 10 years, Serbia is looking to its young entrepreneurial minds to shape a new nation as it marches toward economic recovery. However, while Serbia has embarked upon several structural reforms—especially in the banking sector and in employment regulations—it has yet to successfully tackle corruption, bureaucracy and a weak judicial system. These are holding back its economic potential.
Serbia is no different than other nations freshly embracing capitalism. I stopped here in Belgrade today in the run up to Global Entrepreneurship Week to talk to students and entrepreneurs full of promise and optimism about their capacity to make a difference in their country as future job creators. Many I met with this evening seemed motivated to be the entrepreneurial drivers of new economic growth. One group of students walked me through an array of ideas capitalizing on opportunities they see with Serbia having low labor costs combined with excellent language and IT skills.
To read the full, original article click on this link: Serbias Faith in its Young Entrepreneurs - Entrepreneurship.org
Author:Jonathan Ortmans
