The Small Business Sector (SMB) and the National Recovery and Resilience Plan in Romania and the European Union

Daniela Antonescu () and Ioana Florescu

Romanian Journal of Economics, 2024, vol. 59, issue 2(68), 111-136

Abstract: Every significant crisis presents an opportunity to reconsider the national structures, build resilience, and put various recovery strategies into practice. To take advantage of these chances, the European Union developed a collaborative tool known as the Recovery and Resilience Facility (RRF), which intends to assist the economies of the member states impacted by the health crisis and to offer backing for the proposed investments and reforms. Achieving the best possible balance between national priorities, investments, and reforms is the goal of Romania’s National Recovery and Resilience Plan (NRRP). The local government agencies played a proactive role in this, participating in the development of project calls in addition to overseeing and evaluating the plan. This article’s goal is to determine and evaluate how NRRP investments affect the SMEs industry. Additionally, it will look for ways to identify the levers and mechanisms that NRRP can use in order to implement the suggested reforms throughout reality, which are backed by information, statistics, and recent developments resulting from the health crisis and the neighbouring political-military conflict.

Keywords: Resilience; SMEs; recovery; National Recovery and Resilience Plan; public investments (search for similar items in EconPapers)
JEL-codes: R10 R50 R51 R58 R59 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ine:journl:v:59:y:2024:i:68:p:111-136

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