ECONOMIC DEVELOPMENT OF ENTREPRENEURSHIP I SME SECTOR IN DUBROVNIK 1

This paper investigates the current economic state of SME and entrepreneurship in the city of Dubrovnik. Highlighting the importance of the SME sector and the cooperation between governmental institutions with the business owners for improving the current environmental ecosystem in the city of Dubrovnik are emphasized. Observing the economic indicators over 2,275 business entities that are within the categorization of SME in the last three years there is a trend of moderate growth described in economic characteristics of number of entities, their profitability and efficiency. Being a member of European Union Croatia gained additional approaches for developing the SME sector where the city of Dubrovnik due to the high touristic orientation recognized the importance of this economic sector for building a more sustainable ecosystem as a long term goal