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ANALYSIS REGARDING THE DYNAMICS OF SMEs IN ROMANIA AND EUROPEAN UNION

Author

Listed:
  • Paul Marian RUGE

    (University of Oradea, Doctoral School of Economic Sciences, Romania)

  • Olimpia BAN

    (University of Oradea, Faculty of Economic Sciences, Romania)

Abstract

SMEs are a concluding and relevant part of Europe’s economy. A comparison between the dynamic of the added value, employment and number of enterprises is followed from 2018 to 2022 in Europe and Romania. This period had its ups and downs with the most notable ones being the Covid-19 pandemic and more recently the Russian invasion against Ukraine, both of which left some deep marks in the economy. Also, SMEs are being contrasted by large enterprises in order to obtain an image of their impact in economy. The food and accommodation sector is briefly debated because of the susceptibility that it may have been one the most affected sector at least in terms of the pandemic influence. Some of the measures taken for supporting the travel and tourism sector in Romania are also briefly debated.

Suggested Citation

  • Paul Marian RUGE & Olimpia BAN, 2023. "ANALYSIS REGARDING THE DYNAMICS OF SMEs IN ROMANIA AND EUROPEAN UNION," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 32(1), pages 250-258, July.
    • Handle: RePEc:ora:journl:v:32:y:2023:i:1:p:250-258
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    More about this item

    Keywords

    added value; employment; SMEs; Romania; European Union.;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • Z30 - Other Special Topics - - Tourism Economics - - - General

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