IMPORTANCE OF SMES IN THE ECONOMIC DEVELOPMENT OF ROMANIA

Silvia Elena Isachi
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Silvia Elena Isachi: “Victor Slăvescu” Centre for Financial and Monetary Research, Romanian Academy

Journal of Financial and Monetary Economics, 2015, vol. 2, issue 1, 191-198

Abstract: Small and medium enterprises are situated of many years in the top European policy of sustainable development, is considered a key factor for growth, employment and economic competitiveness. SMEs have demonstrated resilience and flexibility in the face of new challenges posed by the crisis they contribute greatly to the economic recovery and restoring stability in the economic parameters. At the same time the SME sector is at an inflection point still under the impact of the severe decline in the years 2009-2010, the effects of which were later propagated by reducing consumption, unstable tax system and banking system became more reluctant in lending to companies small. The performance of SMEs in the EU depend on macroeconomic developments, it requires actions to improve the business environment in which SMEs operate, able to contribute to solid growth and sustainability.

Keywords: SMEs; taxation; employee; business environment (search for similar items in EconPapers)
JEL-codes: D01 H32 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:2:y:2015:i:1:p:191-198

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