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The Dynamics of Romanian SM Es within the European Context

Author

Listed:
  • Vladimir-Codrin Ionescu

    (University of Bucharest, Faculty of Business and Administration, Romania)

  • Viorel Cornescu

    (“Nicolae Titulescu” University, Bucharest, Romania)

Abstract

On a long term Romania’s economic and social development potential looks quite promising thanks to the potential that SMEs pose and that must be encouraged and stimulated to capitalize current and potential business opportunities. The present paper gives an overview of Romanian SMEs within the European context, while analysing the number and proportion of firms and their employees, as well as the added value that the SMEs sector brings to economy. Similarly, the present paper analyses demographic evolution of SMEs and their density, regarded as a strategic indicator that reflects, from a quantitative perspective, the development stage of SMEs in Romania and in relation to the EU. The last section of the paper illustrates various aspects regarding the position that Romania occupies in the EC as to the implementation of the Small Business Act for Europe.

Suggested Citation

  • Vladimir-Codrin Ionescu & Viorel Cornescu, 2015. "The Dynamics of Romanian SM Es within the European Context," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 21(1), pages 67-77, May.
    • Handle: RePEc:but:manage:v:21:y:2015:i:1:p:68-77
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