Mirjana Milovanović, Svetlana Dušanić-Gačić

Banja Luka College, Miloša Obilića 30, 78 000 Banja Luka, Bosnia and Herzegovina, mirjana.milovanovic@blc.edu.ba



ISSN 2637-2150
e-ISSN 2637-2614
UDC 334.722:005.961(497.6RS)
DOI 10.7251/STED2401015M
COBISS.RS-ID 140644353

Paper Submitted: 06.02.2024.
Paper Accepted: 13.05.2024.
Paper Published: 30.05.2024.

Corresponding Author:

Mirjana Milovanović, Banja Luka College, Miloša Obilića 30, 78 000 Banja Luka, Bosnia and Herzegovina,

Copyright © 2024 Mirjana Milovanović & Svetlana Dušanić-Gačić; published by UNIVERSITY PIM. This work licensed under the Creative Commons Attribution-NonCommercial-NoDerivs 4.


The article examines the role of small, medium and large enterprises in the economy of Republic of Srpska for the period from 2014 to 2022 year. The authors analyzed the economic indicators, according to company size (profitability rate, labor costs per employee,  added value per employed person – productivity, employees – annual average and average wages paid per employed person), and also annual business indicators by company size (number of entrepreneurs, number of employees, number of companies and turnover). The aim of the paper is to analyze the operations of SMEs in order to give recommendations for future business improvement and to indicate the main obstacles and weaknesses as well as recommendations. The method of description and classification of data and the method of analysis and synthesis were used in order to achieve the objectives of the research.

Keywords: economic indicators, business indicators, entrepreneurship, Republic of Srpska, SME.