Abstract
After the Velvet Revolution in the former Czechoslovakia in 1989, the economy was faced with a problem of building money- goods relationship in a new way. An important part of the abandonment of a socialist way of economy had become the transition of an ownership in the hands of private sector individuals. Also significant was the return of a property to the former owners of so called ‘restitution.‘ The economic theory monitored and supported this process in particular with the development of a control theory. In addition to the theory, respectively the acceptance of new economic categories, it was necessary to address the organizational aspects of the business sector. Thus in 1993 the Slovak theory began to deal with small and medium- sized enterprises. In 2004, Slovakia entered the European Union, and in 2009 it entered the Eurozone as well. These historical changes had a significant impact on both the theory and economic reality. The Slovak economy and economic theory and the special theory of small and medium-sized businesses took the content of economic categories from developed economies, particularly the USA and the European Union. Research activities in the field of small and medium-sized enterprises began in 1993 and intensified after 2004. In the text of our article, we think about these processes and evaluate the activities and results of small and medium- sized enterprises, seeing those levels of growth.
Highlights
Foundation and development of small and medium- sized enterprises in the Slovak Republic was first recorded in the3
From the historical point of view on economics of Slovak republic it seems that it has went through many changes on its way from central- planned economy in socialist period to market economy in 1989 and acceptance of relevant categories
The crisischain reaction hit Slovakia as well with a delay and there were a couple of changed in the economic rules
Summary
Small and Medium-sized Enterprises – Progress and Impact in National Economics of Slovak Republic – Changes of Economic Tools in 2013- 2015 Period medium-sized enterprises (SMEs) after 1989-1990, i.e. after the Velvet Revolution. From an economic point of view, it meant respect for commodity – financial relations and at the same time, it was the beginning of development of the theory of SMEs. A few historical reversals [6] to understand current trends with particular attention to SMEs. From the historical point of view on economics of Slovak republic it seems that it has went through many changes on its way from central- planned economy in socialist period to market economy in 1989 and acceptance of relevant categories. In 1993 Slovakia became independent from Czech Republic Another significant point in the history occurred when Slovakia in 2004 became a member of the European Union. Later on in 2014 there has been an impact of Ukraine crisis what has made it necessary to adopt new economic rules
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