MACROECONOMIC CLIMATE AND THE SMALL AND MEDIUM SIZE COMPANIES IN ROMANIA

Revista de Economie Mondială. 2017;9(3):67-75

 

Journal Homepage

Journal Title: Revista de Economie Mondială

ISSN: 2066-7795 (Print); 2343-9521 (Online)

Publisher: Institute for World Economy

LCC Subject Category: Social Sciences: Economic theory. Demography: Economics as a science

Country of publisher: Romania

Language of fulltext: Romanian; Moldavian; Moldovan

Full-text formats available: PDF

 

AUTHORS

Andrei Rădulescu (Institutul de Economie Mondială – Academia Română)

EDITORIAL INFORMATION

Double blind peer review

Editorial Board

Instructions for authors

Time From Submission to Publication: 5 weeks

 

Abstract | Full Text

Small and medium size companies (SMEs) represent the engine of the economy in the member states of the European Union. In Romania, SMEs entered the post-crisis cycle in 2013 after a severe adjustment process under the impact of the Great Recession. The economic performance of SMEs is strongly influenced by the macroeconomic climate. The important role of SMEs in the economy has determined the Romanian government to implement several measures in order to support their activity. The present paper highlights the mid-term macroeconomic outlook for Romania, as well as the recent developments related to SMEs, along with the main measures implemented by the Government over the past years in order to support the development of these companies.