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Problems of Romanian SMEs with tapping EU structural funds

Author

Listed:
  • Gábor HUNYA

    (The Vienna Institute for International Economic Studies (wiiw), Austria)

Abstract

Romanian SMEs can directly benefit from the Sectoral Operational Programme “Increase of Economic Competitiveness” (SOP IEC) and some parts of the Regional Operational Programme (ROP) in the 2007–2013 period. There has been wide interest for these subsidies on behalf of SMEs but major problems emerged with the implementation of projects. These are mostly related to the poor preparation of the projects, their cumbersome approval and the unfavourable general economic conditions in the country. The paper relies on information compiled by a survey and several focus groups run with SME in early 2011. These reveal that Romanian SMEs are at a rudimentary stage of skills, organization and market knowledge. Their development aims are rather short-term and not very complex. They lack the knowledge, expertise and staff to participate in complex tenders and in application processes which explains their high failure rate with EU financed projects. Learning by doing is, however, improving their skills and capacities. However, the design and structure of the EU programmes are also deficient in supporting the development of SMEs in need of more simple and transparent mechanisms which they can understand and cope with.

Suggested Citation

  • Gábor HUNYA, 2011. "Problems of Romanian SMEs with tapping EU structural funds," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 2, pages 129-146, June.
    • Handle: RePEc:jes:journl:y:2011:v:2:p:129-146
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    File URL: http://www.ejes.uaic.ro/articles/EJES2011_0201_HUN.pdf
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    References listed on IDEAS

    as
    1. Ciumara, Tudor, 2009. "Points of reference in the evolution of the Romanian management consultancy market," MPRA Paper 19389, University Library of Munich, Germany.
    2. Gabor Hunya, 2011. "An Assessment of the Access by Romanian SMEs to Structural Funds," DANUBE: Law and Economics Review, European Association Comenius - EACO, issue 4, pages 19-49, December.
    3. Pencea Sarmiza, 2009. "Clusterul şi beneficiile sale potenţiale. Experienţa Uniunii Europene," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 01, March.
    4. Vorniceanu, Marius & Covaci, Brindusa & Cocosatu, Cristinel Claudiu, 2009. "Credit Risk In Financing Sme In Romania," Papers 2009/24, Osterreichish-Rumanischer Akademischer Verein.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Luminitaa Nicolescu & Irina Alina Popescu & Ciprian Nicolescu, 2013. "Romanian SMEs During the Crisis: Economic Results and Perceptions," Management, University of Primorska, Faculty of Management Koper, vol. 8(1), pages 5-19.
    2. Busu, Mihail & Caraiani, Petre & Hadad, Shahrazad & Incze, Cynthia Bianka & Vargas, Madalina Vanesa, 2021. "The performance of publicly funded startups in Romania," Economic Systems, Elsevier, vol. 45(3).
    3. Gina Ionela Butnaru & Valentin Nita, 2016. "European Union and Romanian Tourism – ß and s Convergence in the Economic Development Regions of Romania," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 18(42), pages 369-369, May.

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