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The impact of the crisis on the SME sector in Romania-The back-up of innovation and entrepreneurship development


  • Zsuzsanna K.SZABO

    () (Petru Maior University, Târgu Mures, Romania)


It is widely recognized that the economic recovery largely depends on the improvement of the SME sector. In the order to determine the opportunities and to analyze the challenges faced by Romanian SMEs in (post)crises period, the paper presents first a short review of the national economy and the role of the SME sector. The paper presents also the situation of the SME sector after 2008 and a SWOT analysis in order to identify targets for the next period in concordance with the Europe 2020 strategy.

Suggested Citation

  • Zsuzsanna K.SZABO, 2011. "The impact of the crisis on the SME sector in Romania-The back-up of innovation and entrepreneurship development," Romanian Journal of Economics, Institute of National Economy, vol. 33(2(42)), pages 90-108, December.
  • Handle: RePEc:ine:journl:v:2:y:2011:i:42:p:90-108

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    References listed on IDEAS

    1. GHEORGHE ZAMAN & Anca CRISTEA, 2011. "EU Structural Funds Absorption in Romania: Obstacles and Issues," Romanian Journal of Economics, Institute of National Economy, vol. 32(1(41)), pages 60-77, June.
    2. Visinescu, Sorin & Micuda, Dan, 2011. "Romanian SME’s sector trough crisis: the effectiveness of government policies and the present situation," MPRA Paper 30618, University Library of Munich, Germany.
    3. Vasile, Valentina, 2002. "Demographic Transition and Economic Transition. Interlinking and Parallelism. The Case of Romania," Discussion Paper 65, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
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    Cited by:

    1. Daniela Rodica Silivestru(Popescu), 2012. "Bank Loans And Small Firm Financing In Romania," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(14), pages 1-15.

    More about this item


    crisis; SME; entrepreneurship; innovation;

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • L29 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Other
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management


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