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NEW WAYS OF FINANCING SMEs AFTER ROMANIA’S INTEGRATION IN THE EU

Author

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  • CRISTINA CURUTIU

    (Faculty of Business, Babes-Bolyai University, Cluj-Napoca, Romania)

Abstract

SMEs represent the overwhelming majority from the total number of enterprises in the developed countries, and in Romania the situation presents itself in a similar way. SMEs are also considered to be the ground stone of the market’s solid economies. The paper is structured in three parts. In the first one, the SMEs evolution in the EU will be briefly observed, concentrating on the hotel sector. The second part will cover the issue of the Romanian situation regarding the existent SMEs but also the particularities of these enterprises (especially those from the hotel sector). Finally, some new financing programs available for the SMEs will be presented, programs which became closer to the European ones, after Romania’s integration in the EU.

Suggested Citation

  • Cristina Curutiu, 2007. "NEW WAYS OF FINANCING SMEs AFTER ROMANIA’S INTEGRATION IN THE EU," JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA, Babes-Bolyai University, Faculty of Business.
    • Handle: RePEc:bbn:journl:2007_1_14_curutiu
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    File URL: http://tbs.ubbcluj.ro/RePEc/bbn/journl/2007_1_14_Curutiu.pdf
    File Function: Revised version, 2007
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    More about this item

    Keywords

    SMEs; financing programs; tourist sector;
    All these keywords.

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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