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The Small Business Sector (SMB) and the National Recovery and Resilience Plan in Romania and the European Union

Author

Listed:
  • Daniela ANTONESCU

    (Institute of National Economy,Bucharest,Romania)

  • Ioana Cristina FLORESCU

    (Institute of National Economy,Bucharest,Romania)

Abstract

Every significant crisis presents an opportunity to reconsider the national structures, build resilience, and put various recovery strategies into practice. To take advantage of these chances, the European Union developed a collaborative tool known as the Recovery and Resilience Facility (RRF), which intends to assist the economies of the member states impacted by the health crisis and to offer backing for the proposed investments and reforms. Achieving the best possible balance between national priorities, investments, and reforms is the goal of Romania’s National Recovery and Resilience Plan (NRRP). The local government agencies played a proactive role in this, participating in the development of project calls in addition to overseeing and evaluating the plan. This article’s goal is to determine and evaluate how NRRP investments affect the SMEs industry. Additionally, it will look for ways to identify the levers and mechanisms that NRRP can use in order to implement the suggested reforms throughout reality, which are backed by information, statistics, and recent developments resulting from the health crisis and the neighbouring political-military conflict.

Suggested Citation

  • Daniela ANTONESCU & Ioana Cristina FLORESCU, 2024. "The Small Business Sector (SMB) and the National Recovery and Resilience Plan in Romania and the European Union," Romanian Journal of Economics, Institute of National Economy, vol. 59(2(68)), pages 111-136, December.
  • Handle: RePEc:ine:journl:v:59:y:2024:i:68:p:111-136
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    References listed on IDEAS

    as
    1. Gheorghe ZAMAN & Valentina VASILE, 2014. "Conceptual framework of economic resilience and vulnerability,at national and regional levels," Romanian Journal of Economics, Institute of National Economy, vol. 39(2(48)), pages 5-18, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Resilience; SMEs; recovery; National Recovery and Resilience Plan; public investments;
    All these keywords.

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R50 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - General
    • R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
    • R59 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Other

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