The development of small and medium enterprises in Romania

Vasile Rugina

International Journal of Entrepreneurship and Innovation Management, 2006, vol. 6, issue 1/2, 93-101

Abstract: In 1990, at the beginning of the transition period, the privately-owned small and medium enterprises were non-existent. Afterwards, the necessary legislative framework was created and there came into being a significant number of small and medium enterprises. In 2002 the density of SME to 1,000 inhabitants was 19. It should be mentioned that the value of the same indicator within the EU was 53/1000 inhabitants. During the last years, significant progress has been made on the obtaining of the legal and institutional framework that would support the development of the small and medium enterprises in Romania. The economic performances of these have constantly improved.

Keywords: small and medium enterprises; SMEs; transition economies; market economy; energy efficiency; private sector; national economy; Romania; legal framework; institutional framework. (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijeima:v:6:y:2006:i:1/2:p:93-101

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