Banking and European Funds: Funding Mechanisms Accessible to the Romanian Industry?

Dumitru Beldiman
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Dumitru Beldiman: University of Craiova, Doctoral School of Economic Sciences

Finante - provocarile viitorului (Finance - Challenges of the Future), 2018, vol. 1, issue 20, 114-126

Abstract: As is well known, industry is one of the key sectors of the Romanian economy that has contributed significantly in the last century to the country's economic development. Like any other economic sector, the industry has suffered many transformations over time, owing primarily to the technological revolutions that took place in the last century worldwide. Speaking strictly on the case of Romania, it can be said that these technological revolutions have imposed large-scale reforms at the level of the entire industry, which presupposed the assumption of many costs. I consider that in addition to the social costs, the human resources costs, the environmental costs, the most important costs for the reforms in the Romanian industry were represented by the financial ones. Thus, I would like to point out that without the existence of accessible financing mechanisms for the Romanian industry, which would help to cover the financial costs necessary for the implementation of these reforms, the development would have been much lower. The objective to be achieved by financing the industry is a simple and clear one: increasing the competitiveness of the operators in this sector by retechnologizing them, which will contribute to the development of this sector and at the same time to the growth and development of the Romanian economy.

Keywords: Romanian industry; European funds; banking institutions; bank credit (search for similar items in EconPapers)
JEL-codes: F15 F36 G00 G10 G20 G21 H00 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2018:i:20:p:114-126

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