European Policy for Small and Medium Sized Enterprises

Constanta Aurelia Chitiba ()

Knowledge Horizons - Economics, 2014, vol. 6, issue 2, 30-33

Abstract: European economy is still experiencing a difficult period in terms of recovery. Efforts are directed towards the accumulation of growth to an extent that growth trend to be positive. An engine of growth in Europe is represented by small and medium enterprises, generating jobs and sustaining economic and social cohesion. The same time, the proper functioning and development of this important sector generates wealth among European citizens. Ultimately, amid the ongoing economic situation the SMEs capacity of adaptation and reconfiguration represents now the key factor on which depends a significant part of the economy locally, regionally and globally.

Keywords: Economy; development; SME; cohesion; policy (search for similar items in EconPapers)
JEL-codes: G32 (search for similar items in EconPapers)
Date: 2014
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