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Firms Development in the Romanian Economy


  • Romanescu Marcel Laurenþiu

    () (“Constantin Brâncuºi” University Târgu-Jiu, Faculty of Economics and Affair Management)


The necessity for assistance ]n a transition economy emerges from the analysis of the constraints which limit or slow down the process of small and medium enterprises formation and growth. The unsafe economic climate for entrepreneurs due to the low incomes, the low purchasing power, the resistance of financial blocking, and the high inflation rates, etc. The process of companies launching and surviving takes place in a period of economic crisis and instability which grow up the environment unsafe and the risks of business actions. Moreover, they emerge many bureaucratic impediments related to the relationship with state enterprises, local administration, and governmental entities.

Suggested Citation

  • Romanescu Marcel Laurenþiu, 2012. "Firms Development in the Romanian Economy," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 928-932, Decembre.
  • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:2:p:928-932

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    phase; growth; company; small and medium enterprises; approach;

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • M51 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Firm Employment Decisions; Promotions


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