COVID-19 Crisis – Impact of the Pandemic into the Perception of Business Risk through Romanian SMEs Sector

Abstract

The aim of the study is to evaluate the impact of the COVID-19 crisis on the entrepreneurship sector in Romania, attempting to contribute with various solutions that can have a direct long-term impact on the sectors affected by the pandemic. As we know, small and medium-sized enterprises are the most vulnerable ones because of their size, limited financial resources, and influences on the market itself. In Romania, as in all of Europe, the SME sector has been severely affected by the COVID-19 pandemic. This element concludes to several measures of the Romanian government to maintain the sector afloat, in order to obtain better results in the strategical long-term position. In compliance with the official statistic, in Romania, in all sectors of activity, four out of ten companies, especially SMEs are in the red zone, that means the risk is very high, with outlays higher than incomes and with a total number of around 955.000 employees looking to find some other jobs in different sectors of activity.

Keywords

• business environment
• small and medium-sized enterprises
• covid-19
• business risk
• recovery smes