THE IMPACT OF THE COVID-19 ON ENTREPRENEURSHIP IN THE NORTH EAST REGION - RESILIENT GROWTH SOLUTIONS

Abstract

The relevance of entrepreneurship is given by the fact that micro, small and medium-sized enterprises (SMEs) represent 99% of EU businesses. They provide two thirds of the private sector jobs while contributing with more than half of the total added value created by EU businesses. The systemic plans for economic recovery and resilience play a key role in the sustainable development of the business ecosystem following the COVID-19 crisis. Supporting the business environment, they, SMEs especially, represent the solution to reduce unemployment and increase employment. This paper analyzes the state of entrepreneurship at both national and regional levels, in order to identify the impact of the COVID-19 crisis on the resilience of SMEs. Based on the published data, we will conduct a quantitative research on the evolution of entrepreneurial activity in 2020.

Keywords

• entrepreneurship
• resilience
• pandemic crisis
• economic recovery