MACROECONOMIC CLIMATE AND THE SMALL AND MEDIUM SIZE COMPANIES IN ROMANIA

Andrei Rădulescu

Abstract


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.


Keywords


Romania, small and medium size companies (SMEs), post-crisis cycle, measures to support SMEs

Full Text: PDF (Romanian)