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De Minimis Aid For Local Economy Development

Author

Listed:
  • TILEAGÃ COSMIN

    () (Universitatea Lucian Blaga din Sibiu, Facultatea de Științe Economice)

  • MOGA ILIE

    () (Universitatea Lucian Blaga din Sibiu, Facultatea de Științe Economice)

Abstract

Considering the current particular economic situation but also the community regulations developed by the EU Commission to diminish the crisis effects, we believe that local institutions should still take into consideration measures to encourage investments and creating work places by supporting potential investors, which very often have to confront against difficulties in accessing funds. However, unlike large sized companies, small and medium sized ones are confronted to this issue of accessing funds. This global economic situation, not only affects severely the economic situation of most solid enterprises and their employees on short term, but it also has negative effects on long term. In this context we have to stress the fact that future investments from the common market of EU, especially those that concern the long term development and other strategic objectives from Lisboan, could be delayed or even cancelled.

Suggested Citation

  • Tileagã Cosmin & Moga Ilie, 2010. "De Minimis Aid For Local Economy Development," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 339-345, December.
  • Handle: RePEc:ora:journl:v:1:y:2010:i:2:p:339-345
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    File URL: http://anale.steconomiceuoradea.ro/volume/2010/n2/051.pdf
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    More about this item

    Keywords

    minimis aid; European Community; legislation; Council of Competition; fiscal benefit;

    JEL classification:

    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • P25 - Economic Systems - - Socialist Systems and Transition Economies - - - Urban, Rural, and Regional Economics

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