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The Evolution of SMEs during 2008-2013 and the Analysis of their Impact on Economic Crisis

Author

Listed:
  • Ionica Oncioiu

    (Titu Maiorescu University)

  • Cornelia Elena Tureac

    (Danubius University of Galati)

Abstract

Between 2011-2013, the economic conditions which were encountered by the EU companies were marked by an intensification of the sovereign debt crisis in the Eurozone, under the specter of double recession, to a greater extent in some countries in southern Europe and slowing the growth, since 2011, even in the most advanced economies. The SMEs are a key factor, an important catalyst for economic growth, innovation, employment and social integration. The main advantages of SMEs in the economy are flexibility and adaptability, which enables them to overcome more easily the periods of economic recession. The methodology used in this work consists of qualitative and quantitative methods, the analysis being based mostly on the quantitative component of collection, processing and interpretation of statistical data. In 2010 the number of deregistration from the Registry of Commerce has reached its historic peak, 186,144, the increase being compared to the previous year, being approximately 325%. In 2009 there was a significant decrease in the number of commercial registration compared to 2008, 32,407 companies, i.e. 22.47%. This shows that the recession was felt in the Romanian economy since 2009.

Suggested Citation

  • Ionica Oncioiu & Cornelia Elena Tureac, 2014. "The Evolution of SMEs during 2008-2013 and the Analysis of their Impact on Economic Crisis," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 10(4), pages 208-218, August.
    • Handle: RePEc:dug:actaec:y:2014:i:4:p:208-218
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    File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/2509/2191
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    References listed on IDEAS

    as
    1. Roxana Gabriela HODOROGEL, 2011. "The Global Economic Crisis. Challenges for SMEs in Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(4(557)), pages 129-140, April.
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