SMEs between Truth and the Political Approach. The Future of the SMEs in Romania

Romeo Ionescu ()
Additional contact information
Romeo Ionescu: Danubius University, Galati, Romania

EuroEconomica, 2011, issue 5(30), 111-118

Abstract: The paper deals with the idea that is it a great difference between the European approach for the SMEs and the Romanian one. The analysis of the paper is based on comparisons between EU27 as a whole and Romania and other representative Member States and Romania. This analysis is focused on the finding those ways of action in order to support the development of the SMEs in Romania and in the EU. A distinct part of the paper analyses the impact of the global crisis on the SMEs in different Member States and in Romania. This crisis supports the idea that the SMEs represent the growth engines of the EU economy, but the national legislation is far away to be able to promote their development. An interesting part of the paper is connected to the EU promises made in the last years with the revised Small Business Act and the EU 2020 Strategy connected to it. Starting October 2011, a plan for the SMEs' access to finance involves the introduction of a long-touted initiative to facilitate the venture capital for the SMEs across the Europe. The main conclusion of the analysis is that the exit of the Romanian SME sector from crisis has to be based on political stability, reducing taxation, state aid and accessing support from the EU funds. The analysis in the paper is followed by the latest pertinent official statistical data and diagrams.

Keywords: consolidation and austerity programmes; access to finance; convergence and cohesion regions; business environment top (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://journals.univ-danubius.ro/index.php/euroeconomica/article/view/1148/963 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dug:journl:y:2011:i:5:p:111-118

Access Statistics for this article

More articles in EuroEconomica from Danubius University of Galati Contact information at EDIRC.
Bibliographic data for series maintained by Florian Nuta ().