The role of the entrepreneurship and e-banking in developing small and medium sized enterprises activities

Ioan Nistor and Brindusa Covaci ()
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Ioan Nistor: Babes Bolyai University

No 2009/30, Papers from Osterreichish-Rumanischer Akademischer Verein

Abstract: Entrepreneurship and new technologies are the moving forces for growth and change the economies. Experience of the European countries has shown that countries that support their entrepreneurs have grown and prospered over the last 15 years, while nations that have placed barriers to the growth of their small business enterprises have done poorly. The future consist in developing entrepreneurship for small enterprises and supporting the sector of information and communication technologies. The commercial banks have an important part in bearing the small enterprises, with specials offers, loans, deposits. Even among countries that previously discouraged or prohibited such activity in favor of the government as the driving force for economic growth, there is now growing recognition of the importance of fostering entrepreneurial activity. Initiatives have been undertaken in some countries from Europe, members of European Union from 2004 and before, but not in those who adhere after. Is important that countries from Eastern Europe to understand the importation of this problem. The European Commission has also realized the importance of fostering entrepreneurship in Eastern European countries.

Keywords: entrepreneurship; new technologies; information and communication technology (ICT); e-banking; small and medium sized (SMEs) enterprises activities; business growth (search for similar items in EconPapers)
JEL-codes: C81 C82 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2009-06-16
New Economics Papers: this item is included in nep-tur
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Persistent link: https://EconPapers.repec.org/RePEc:ris:sphedp:2009_030

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