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Smes’ financing – effects of the small business act in Europe

Author

Listed:
  • Ana POPA
  • Laura GIURCA VASILESCU

    (University of Craiova)

Abstract

In order to support the development of the Small and Medium Enterprises (SME), the European Commission adopted the “Small Business Act for Europe” (SBA) in 2008 which include ten leading principles, a set of new legislative measures and strategic actions to be put into practice at the European level. Recenty, the European Commission and the member states adopted measures for improvement the access to financing for the SMEs and to stimulate their access to the European and international markets. As well there were taken initiatives for improvement of the framework-conditions for SMEs, especially for elimination of the administrative burdens.

Suggested Citation

  • Ana POPA & Laura GIURCA VASILESCU, 2010. "Smes’ financing – effects of the small business act in Europe," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(12), pages 54-58, December.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2010:i:12:p:54-58
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    More about this item

    Keywords

    financing; small and medium enterprises; financial crisis; EU;
    All these keywords.

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration

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