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Importance Of Smes In The Economic Development Of Romania

Author

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  • ISACHI, Silvia Elena

    (“Victor Slăvescu” Centre for Financial and Monetary Research, Romanian Academy)

Abstract

Small and medium enterprises are situated of many years in the top European policy of sustainable development, is considered a key factor for growth, employment and economic competitiveness. SMEs have demonstrated resilience and flexibility in the face of new challenges posed by the crisis they contribute greatly to the economic recovery and restoring stability in the economic parameters. At the same time the SME sector is at an inflection point still under the impact of the severe decline in the years 2009-2010, the effects of which were later propagated by reducing consumption, unstable tax system and banking system became more reluctant in lending to companies small. The performance of SMEs in the EU depend on macroeconomic developments, it requires actions to improve the business environment in which SMEs operate, able to contribute to solid growth and sustainability.

Suggested Citation

  • ISACHI, Silvia Elena, 2015. "Importance Of Smes In The Economic Development Of Romania," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 2(1), pages 191-198.
    • Handle: RePEc:vls:rojfme:v:2:y:2015:i:1:p:191-198
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    File URL: http://www.icfm.ro/RePEc/vls/vls_pdf_jfme/vol2i1p191-198.pdf
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    1. AfDB AfDB, . "Annual Report 2012," Annual Report, African Development Bank, number 461.
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    Cited by:

    1. Nicoleta Isac & Waqar Badshah, 2020. "BARRIERS AND WAYS TO ACHIEVE BUSINESS GROWTH OF THE EXPORTS FOR SMEs," Romanian Economic Business Review, Romanian-American University, vol. 15(1), pages 7-15, March.
    2. Ramona Lacurezeanu & Alexandru Chis & Vasile Paul Bresfelean, 2021. "Integrated Management Solution for a Sustainable SME—Selection Proposal Using AHP," Sustainability, MDPI, vol. 13(19), pages 1-23, September.

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    More about this item

    Keywords

    SMEs; taxation; employee; business environment;
    All these keywords.

    JEL classification:

    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm

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