Serbia is set to take part in the European Union Single Market Program after Finance Minister Sinisa Mali and the European Commission's Director-General for Internal Market, Industry, Entrepreneurship and SMEs Kerstin Jorna signed and Agreement via an online platform on Thursday.

A ministry press release quoted Mali as saying that Serbia is showing its commitment to take part in EU programs as a candidate country and future member, strengthening competition and preparing for full integration in the internal market. “By participating in this program, domestic small and medium-sized enterprises will have the opportunity to improve their competitiveness, internationalize their operations and better prepare themselves to meet the challenges of the single market through various support instruments, and especially through the continuation of the work of the European Entrepreneurship Network in Serbia,” it added.

The program includes special invitations for the development of clusters, tourism infrastructure and youth entrepreneurship, Mali said.

The press release recalled that Serbia has been participating in the Competitiveness and Innovation Framework Program since 2008.