IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Structural Funds’ Use By The Sme Sector In Romania – Structural Expectations, Difficulties And Impacts

Listed author(s):
  • Oana Gherghinescu

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

While the process of strategic planning at the level of the European Union and the Member States incorporates a strong support component for the creation of growth and jobs in the SME sector, and the financial setup is put in place both through EU and national instruments, it is relevant to understand the extent to which these policies and financial instruments can ensure a genuine, sustainable effect on the activity of microenterprises. The paper is divided in four parts. The first part presents the facets of the Romanian National Strategic Reference Framework which refer directly and indirectly to the policy measures and financial support for the SMEs. The second part refers to the technical aspects (mechanisms, results, impacts) associated to project financing for SMEs, both in the implementation period and in the phase of operating the investment. The third part refers to the financial aspects (sources of financing and cash flow management) incurred by the implementation and operation of projects addressing the SMEs sector. The fourth part collects main conclusions on the issues discussed and groups them around some topics of discussion: the actual need for structural funds in the SMEs sector versus the opportunity hunting; the short term effects versus the long term impact; the risks versus the benefits of resorting to structural funds; the structural versus volatile effect at macroeconomic level in terms of economic growth and job creation.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

Article provided by University of Craiova, Faculty of Economics and Business Administration in its journal Revista Tinerior Economisti(The Young Economists Journal).

Volume (Year): 1 (2012)
Issue (Month): 18 (April)
Pages: 35-42

in new window

Handle: RePEc:aio:rteyej:v:1:y:2012:i:18:p:35-42
Contact details of provider: Postal:
Str. A.I. Cuza nr. 13, Craiova

Phone: 004 0251 411317
Fax: 004 0251 411317
Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:aio:rteyej:v:1:y:2012:i:18:p:35-42. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ionascu Costel)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.