Financing SME`s in Romania after integration in European Union Cover Image

FINANŢAREA I.M.M. –URILOR DIN ROMÂNIA DUPĂ INTEGRAREA ÎN UNIUNEA EUROPEANĂ
Financing SME`s in Romania after integration in European Union

Author(s): Valentina Diana Ignătescu
Subject(s): Economy
Published by: Editura Universităţii Vasile Goldiş
Keywords: SMEs; funding; funding schemes; structural funds; the internationalization of SMEs.

Summary/Abstract: This paper aims to examine the main ways of financing the small and medium enterprises in our country after the accession to the European Union. SMEs taken individually have a very small power but if we analyze all SMEs in a country we find that they have a very important role in the economy because they provide jobs and their performance may influence the degree of development of an economy. Just because of this reason the European Union offers a number of funding schemes for SMEs in member countries to support both new established businesses and to stimulate the development of the existing ones. These funding schemes are very diverse and vary by activity, but also by a number of other criteria. European Union support comes to complete the measures taken by Member States to facilitate the access to finance of SMEs.

  • Issue Year: 19/2009
  • Issue No: 1
  • Page Range: 293-303
  • Page Count: 11
  • Language: Romanian