Financial support for the development of SMEs in the Slovak Republic

Abstract

The healthy economics and functional business environment are inconceivable without the participation of small- and medium-sized companies. Their functioning is a basis of the economic and social development of country´s regions because they influence a growth of the living standard of inhabitants and decrease the unemployment in Slovakia. The development of small- and medium-sized companies is affected by the European Union, especially from the aspect of the creation of the convenient business environment which is restricted by the legislature valid in Slovak conditions. However, the small- and medium-sized companies are faced by problems having impact on their development. The problem areas are pointed out and solved by authors of the paper who also analyse the present situation in the business environment in Slovakia.