IMPORTANCE OF SMALL AND MEDIUM-SIZED ENTERPRISES IN ROMANIAN ECONOMY

Balanescu Madalina
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Balanescu Madalina: Constantin Brancoveanu University, Pitesti

Annals - Economy Series, 2013, vol. 4, 205-212

Abstract: The market economy has reduced the number of large enterprises and has determinated the emergence of a special class like small and medium-sized enterprises. Those companies play a special role in the national economy, especially through the fact that attract about 65% of employees in Romania, makes significant investments, takes approximately 30% of gross value added in the national economy, operates mainly in services activity, are flexible, concerned with development and have the ability to adopt new technologies. The SME sector has been affected by the crisis, but not in the same measure as large enterprises. This fact is demonstrated by the economic and financial indicators that I have analised, in 2011 SME beeing able to overcome the crisis and to achieve higher performance than in the years before crisis. The SME sector is considered the most active sector of the modern economy, plays a important role in the economic structure of our country, helping to ensure economic and social development as it is shown by the strong bond that exist between the GVA in SME sector and total GVA added to the national economy, demonstrated in the calculations that I have made in this study.

Keywords: small and medium-sized enterprises; investment; efficiency; gross value-added (search for similar items in EconPapers)
Date: 2013
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