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Development Of Micro, Small And Medium-Sized Enterprises In Poland With The Support From Eu Funds

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  • Agnieszka PIWOWARCZYK

    (University of Silesia in Katowice, Faculty of Law and Administration, Poland)

Abstract

The dynamic economic development observed in recent years is, to a large extent, stimulated by micro, small and medium-sized entrepreneurs. Entities in this sector are the lifeblood of the economy, as the economy of the vast majority of countries in the world is based on this sector. The SME sector has limited investment opportunities for financial reasons. Support from EU funds has enabled entrepreneurs to invest in new technologies and improve qualifications, it also helped to reduce unemployment, and funds allocated for research and innovation created conditions for development and competitiveness of entrepreneurs. Capital inflows have also facilitated access to the internal market for small companies. The increase in the number of micro, small and medium entrepreneurs obtaining EU support translates into sustainable development of this market sector, and thus stimulates the socio-economic development of the country. The aim of this analysis is to present the development of Polish enterprises against the background of implementation of the cohesion policy in the next financial perspectives.

Suggested Citation

  • Agnieszka PIWOWARCZYK, 2021. "Development Of Micro, Small And Medium-Sized Enterprises In Poland With The Support From Eu Funds," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 15(25), pages 16-23, February.
  • Handle: RePEc:scm:ejafbu:v:15:y:2021:i:25:p:16-23
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    References listed on IDEAS

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    1. Jaroslav BELAS & Iveta KMECOVA & Martin CEPEL, 2020. "Availability Of Human Capital And The Development Of The Public Infrastructure In The Context Of Business Activities Of Smes," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2020(34), pages 27-44, June.
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