Internal Market, Industry, Entrepreneurship and SMEs

Serbia joins COSME

Serbia joins COSME
Published on: 05/11/2015
Serbia is joining COSME, the EU financing programme that aims to support the competitiveness of small and medium-sized enterprises (SMEs).

Today Elżbieta Bieńkowska, European Commissioner for Internal Market, Industry, Entrepreneurship and SMEs, and Lopandić Duško, Ambassador of Serbia to the European Union, have signed an agreement formalising the entry of Serbia to the Competitiveness of Enterprises and Small and Medium-sized Enterprises Programme (COSME).

Serbia's decision to join COSME was welcomed and the opportunity was taken to highlight another tool of the programme - the Enterprise Europe Network, which helps SMEs to develop and facilitate their internationalisation, and access innovative technology.

COSME will support projects on a wide range of topics that include clustering, female entrepreneurship, reducing the administrative burden for companies and intellectual property rights protection for companies operating in non-EU countries.

COSME is the EU programme aimed at strengthening the competitiveness and sustainability of SMEs running from 2014 to 2020 with a budget of €2.3bn.

Serbia is the sixth country outside the EU to join and contribute to the programme, after Montenegro, the former Yugoslav Republic of Macedonia, Moldova, Turkey and Albania.

Participation in the programme complements Serbia's implementation of the European Small Business Act.