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Economic And Social Impact Of The Young Entrepreneurs Program In Romania

Author

Listed:
  • Daniela MITRAN

    (“Athenauem” University, Bucharest)

Abstract

In accordance with the Entrepreneurship 2020 Action Plan, in recent years in Romania there were implemented a series of measures with the aim of creating an environment that is conducive to business development and entrepreneurial education among young people especially. This paper focuses on the economic and social impacts of the Program for the stimulation of establishing and developing micro enterprises by young entrepreneurs (SRL-D) . The Program aims to stimulate and support the development of new firms (start-ups) by facilitating access to funding for young entrepreneurs. In addition to grants awarded to firms set up by young entrepreneurs, a range of other facilities designed to encourage young people to start up a business is also offered. In the period under review there were founded over 17.000 of Limited Liability Companies-debutante (SRL-D), of which 30% have been enrolled in the Program and 15% have received funding and facilities. The creation of over 8,800 new jobs within the SRL-Ds registered in the program has insured the coverage of fiscal facilities granted and has reduced the government spending for unemployment. In order to increase the economic and social impact of the Program, it is necessary to improve it by increasing the funds allocated and to simplify the mechanism for granting funds and guaranteeing credit.

Suggested Citation

  • Daniela MITRAN, 2016. "Economic And Social Impact Of The Young Entrepreneurs Program In Romania," Romanian Economic Business Review, Romanian-American University, vol. 11(2), pages 154-160, June.
    • Handle: RePEc:rau:journl:v:11:y:2016:i:2:p:154-160
    as

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    File URL: http://www.rebe.rau.ro/RePEc/rau/journl/SU16/REBE-SU16-A14.pdf
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    References listed on IDEAS

    as
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    2. Cristina SUCIU & Loghin GAGA, 2014. "Efficiency Of Smes In Romania Post Crisis. A Clustering Analysis," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 4, pages 137-146, July.
    3. Ferrando, Annalisa & Griesshaber, Nicolas, 2011. "Financing obstacles among euro area firms: Who suffers the most?," Working Paper Series 1293, European Central Bank.
    4. Tsang, Eric W. K., 2014. "Old and New," Management and Organization Review, Cambridge University Press, vol. 10(03), pages 390-390, November.
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