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European Post-Accession funds for SMEs: Challenges and Realities

Author

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  • Nancu Dumitru

    („Andrei Saguna” University of Constanta, Faculty of Economic Sciences)

Abstract

Structural and Cohesion Funds offers Romania a unique opportunity to develop its potential growth and to accelerate the catching-up process. Post-accession EU funds allocated to Romania – if they will be integral used - represents an annual injection of resources of 3-5 percent of GDP in the period between 2007-2015. To understand the magnitude of these numbers, we need to say that the average of public capital expenditure between 2004-2006, including the exceptional growth to 3.7% of the GDP in 2006, was 3 percent of GDP.

Suggested Citation

  • Nancu Dumitru, 2010. "European Post-Accession funds for SMEs: Challenges and Realities," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 539-540, October.
    • Handle: RePEc:ovi:oviste:v:10:y:2010:i:2:p:539-540
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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/cuprins%20rezumate/rezumate2010p2.pdf
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    More about this item

    Keywords

    structural and cohesion funds; cohesion policy; accesing eu funds; absorption of funds;
    All these keywords.

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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